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Company

EMC Insurance Companies · 1 day ago

Rates and Securitized Products Director

Des Moines, IA

Full-time

Remote

Lead/Staff, Director/Executive

$123K/yr - $158K/yr

10+ years exp

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Responsibilities

Develops and executes the Company’s strategy for securitized products and interest rate sensitive investments based on the overall strategic direction for the investment function.

Conducts thorough sector and issuer due diligence, tracking trends, performance, and macroeconomic drivers to formulate investment recommendations for sectors and individual securities within the securitized products and interest rate sensitive sectors best suited for each company's portfolio needs.

Actively monitors market themes and sector trends to identify investment opportunities.

Develops models to enhance investment analysis and forecast performance for securitized products and interest rate sensitive sectors.

Analyzes and determines strategy for short-term investments, including development and implementation of operational procedures for management of short-term assets.

Establishes, implements and maintains uniform underwriting and analysis processes for securities included in mortgage-backed securities, commercial mortgage-backed securities, commercial mortgage loans, asset-backed securities, treasury and agency debt securities sectors.

Oversees the analysis of owned securities and evaluation of new opportunities within these sectors including buy and/or sell recommendations and effectively communicate them to the investment team, including through written credit opinions.

Conducts surveillance and monitoring to identify risks to holdings while also enhancing surveillance tools and processes.

Builds and maintains relationships with both internal and external participants, including portfolio managers, company management, issuers, and broker-dealers.

Trains and mentors analysts in security analysis and portfolio support, which includes daily investment duties, back office operations, compliance monitoring and statutory deposit maintenance.

Leads the investment oversight of externally managed assets, including evaluating new and monitoring existing investments, in real estate, commercial mortgages, and other investments.

Provides analytical support for portfolio management and input into the development of investment strategies, including decisions on asset allocation, performance measurement, policy compliance, tax policy, credit quality and risk tolerance.

Evaluates and reports upon the impact of investment related statutory, industry and regulatory changes.

Provides oversight of EMC’s investment compliance function to ensure financial stability of the enterprise.

Monitors compliance with internal and external investment regulations, working closely with investment accounting, internal and external auditors and provides accurate and timely reporting.

Prepares and communicates investment related information including reports utilized in daily portfolio management and risk control for various stakeholders, including senior management, Board of Directors, regulators and auditors.

Acts as a liaison with Accounting, Internal Audit and Legal Departments receiving and providing guidance.

Qualification

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Investment analysisPortfolio managementChartered Financial AnalystBloombergExcelFinancial accountingCash managementTrade settlementStrategic planning

Required

Bachelor’s degree in finance or related field

Ten years of experience in investment analysis and/or portfolio management, primarily in the insurance industry related to the rates sectors of fixed income or related experience

Advanced understanding of investment analysis, insurance investment issues, asset allocation, performance measurement, cash management, corporate finance and portfolio and financial theory

Basic understanding of financial accounting, derivatives markets and computer skills

Experience using Bloomberg and spreadsheet applications including Excel

Excellent knowledge of investment operations, trade settlement, insurance products, cash flow testing and asset/liability matching

Ability to explore new and different processes, services, technologies, and partnerships to enhance EMC’s business

Strong communication, problem-solving and analytical skills

Sound business judgment and strong leadership skills

Exceptional knowledge of strategic planning and company products and services

Excellent ability to advise, partner, influence and effectively consult with diverse internal and external stakeholders, including senior leaders, executives, and project owners

Preferred

Advanced degree in a related field

Chartered Financial Analyst (CFA) designation

Company

EMC Insurance Companies

Glassdoor

3.5

EMC Insurance Companies is among the top 60 insurance organizations in the country based on net written premium, and we have more than 2,500 employees.

Founded in 1911

Des Moines, Iowa, USA

1001-5000 employees