The job profile for this position is Investment Senior Advisor, which is a Band 4 Senior Contributor Career Track Role.
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Investment Actuary/ Insurance Portfolio Manager - Cigna Investment Management
Who we are
Cigna Investment Management (CIM) manages over $20 billion in assets and has oversight of over $15 billion of joint venture portfolios on behalf of Cigna, a publicly traded global health services company. CIM’s assets are invested in public and private corporate bonds, commercial mortgages, private equity, private credit, real estate equity, public equity and short-term investments.
What we are looking for:
The Investment Actuary is part of the team that manages Cigna's US insurance, International Insurance and Pension portfolios. This role requires leadership in judgement, accountability and the ability to influence cross functional partners combined with strong hands-on technical skills.
Our ideal candidate has experience in insurance portfolio management or asset liability management, enjoys solving complex problems with smart people while managing competing priorities, has both big picture thinking and attention to detail and likes working with teams across Cigna and within CIM.
Key Responsibilities
- Management of assigned international and US Insurance portfolios, development of portfolio strategies, monitoring portfolio metrics, managing liquidity, credit, interest rate risks, implementing purchase and sale programs and allocating investments
- Perform quantitative analysis for portfolio strategy and risk management, collaborating with team members incorporating stochastic scenarios, regulatory compliance, liquidity, counterparty exposure, and investment income
- Perform analysis of derivative hedging strategies and write strategy memos
- Continuously monitor advancements in financial and investment modeling, risk measurement and analytical approaches and provide recommendations on practical applications for PM team
- Work with portfolio analysts to create communication materials such as quarterly reports to clients, presentations for senior management and external stakeholders and portfolio management reports
- Manage overall allocation process serving as point person for insurance portfolios and communicating with asset teams on deal specifics, relative value and portfolio appetite
- Manage quarterly Net Investment income review and coordinate with CIM finance to incorporate feedback
Minimum Qualifications
- BA/BS in a related subject
- CFA or FSA/ASA required. CPA,MBA or other advanced financial designation a plus
- Minimum of 8 years of investment experience
- Demonstrated strong communication skills, intellectual curiosity, sense of urgency, flexibility, ownership, organizational agility and interpersonal skills.
- Advanced understanding of pension and insurance investing concepts including ALM, LDI, RBC, regulatory requirements
- Advanced understanding of investment accounting principles and their impact on portfolio management across multiple relevant accounting frameworks such as insurance regulatory, US GAAP, IFRS and tax accounting
- Ability to accommodate limited travel (up to 10%)
- Flexibility to participate in calls after normal business hours with international customers
If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.
Please note that you must meet our posting guidelines to be eligible for consideration. Policy can be reviewed at this link.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.
