Responsibilities:
- Assist in managing the General Account liquidity position, including cash forecasting and planning to support ongoing funding and liquidity needs.
- Collaborate with cross-functional teams to evaluate, structure, and implement portfolio optimization initiatives, including portfolio transfers, derivative unwind transactions, and other strategic actions.
- Lead the review and approval process for portfolio transfer proposals, ensuring transactions are optimized and aligned with established investment and risk management guidelines.
- Support the benchmark-setting process by contributing to the development and maintenance of tactical asset allocation targets for investment portfolios.
- Partner with investment strategy and portfolio management teams to lead and execute large-scale strategic initiatives across asset classes and product portfolios.
- Contribute as both a collaborative team member and independent lead on strategic investment initiatives, business process improvements, and other ad hoc assignments.
- Prepare investment-related presentations, analyses, and communications in support of business development efforts and client Request for Proposal (RFP) responses.
- Manage and collaborate on quarterly investment reporting processes, ensuring accurate and timely analysis, documentation, and communication of portfolio activity.
Qualifications:
- Bachelor’s degree in business, finance or relevant field
- Six years of fixed income trading or portfolio management experience, preferably within the insurance industry
- Broad knowledge of most asset classes/sectors, such as corporates, public and private mortgage-backed securities, commercial and residential mortgage loans, and public and private high yield
- Broad knowledge of fixed income portfolio management techniques
- Familiarity with asset-liability management for life insurance companies and life insurance products
- Strong analytical and quantitative skills, including experience evaluating portfolio risk, duration, liquidity, and asset allocation tradeoffs
- Advanced proficiency in Excel and experience developing financial models and portfolio analytics
- Experience working collaboratively with portfolio managers, actuaries, risk professionals, and senior investment leadership to support strategic decision-making
- Ability to communicate complex investment concepts and portfolio recommendations to both technical and non-technical stakeholders
Preferred Qualifications:
- Actuarial experience
- MBA, CFA, and/or FSA
Compensation:
The Salary for this position generally ranges between $135,000 - $175,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
Working Conditions:
- This is a hybrid position requiring three days in office per week in our Cedar Rapids, IA location.
- Occasional Travel <10% as needed.
Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
- We will never request personal information such as ID or payment for equipment upfront.
- Official offers are sent via DocuSign following a verbal offer—not through text or email.
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.