Nassau Financial Group
Managing Director - Head of Portfolio Steering NAMCO
Nassau Financial Group, New York, New York, us, 10261
Job Details
Please make sure you read the following details carefully before making any applications. Description Job Summary Nassau Financial Group is a fast paced, growth oriented and entrepreneurial company founded in 2015 with a legacy dating back to 1851. Our culture of extreme ownership and focus on delivering best in class service is our competitive advantage and has brought us rapid success as an organization. The Head of Portfolio Steering is responsible oversight and annual development of strategic and tactical asset allocation (SAA & TAA), annual investment planning, asset-liability management, management activities, oversight of third-party mandates including Core, Core Plus and specialty fixed income mandates and oversight of key regulatory mandates. Further, the Head of Portfolio Steering facilitates the execution of NAMCO’s overall investment policy and results in conjunction with the Head of Portfolio Management and the Deputy CIO. Support M&A and other corporate related initiatives. Principal Duties and Responsibilities Coordinates and directs the daily investment activity for the insurance company and general account portfolios Steer portfolios on a day-to-day basis to exceed NII, GAAP targets and manage economic results Drive Strategic and Tactical Asset Allocation management for affiliated insurance companies Responsible for the allocation of SAA and TAA to affiliated insurance company legal entities taking into consideration regulatory and investment guidelines Hires, monitors, measures, and oversees 3rd party external managers, assist in managing 3rd party relationships Develop / enhance portfolio benchmark-relative performance analytics Coordinates and directs rebalancing of portfolio for ALM Manage and expand FHLB spread lending and REPO / REPO like facilities targeting a minimum incremental spread Manage the annual investment planning proces Managing regulatory relationships, reporting and compliance Managing Investment policies and policy statements Manage capital, liquidity, regulatory and tax constraints for affiliated insurance companies Develop planning strategies to help achieve target income and manage GAAP and STAT losses Design, draft and communicate investment guidelines for both internal and external managers Analyze new regulations for impact on insurance company portfolios Extensive interaction with accounting, legal, treasury, investment bankers, and clients as an advocate and point of contact Leadership of the investment portfolio aspects of insurance and strategic M&A transactions Assist in building practices and policies designed to attract, develop, and retain qualified investment professionals and staff to attain investment objectives and meet / exceed performance-based goals. Completes ad hoc reporting and investment analysis Perform other duties as assigned Knowledge, Skills and Abilities Bachelor’s degree required; Master’s preferred, CFA or other industry designation preferredMinimum 15 years of investment and insurance asset management experienceTitle MD commensurate with experienceKnowledge and experience in both public bonds and private marketsExperience managing core, investment grade portfolios, core-plus mandates and below-investment grade portfoliosExperience and knowledge in risk management and asset-liability management for insurance portfoliosSignificant experience in and understanding of insurance asset managementKnowledge of Bloomberg and trading systemsStrong level of oral and written communication skillsDetailed knowledge of accounting, regulatory, legal and rating agency requirements for insurance investment portfoliosKnowledge of manager selection criteria and management of asset allocation portfoliosAbility to work in an unstructured and dynamic team environmentExcellent math, analytical, problem solving and decision-making abilitiesIndependent, thorough, and accurate follow-through on a variety of detailed tasks from many different sources, often under deadline pressure and with frequent interruptionsOrganizational, planning, prioritizing and managerial skillsNatural self-starter with an appreciation for extreme ownership, accountability, and commitment to the intensity and challenges presented by the needs of a growing businessStrong presence and the ability to be versatile in a fast paced, high growth organization. Sensitive to and accountable for upholding high cultural standards
Compensation Nassau maintains a holistic compensation philosophy focused on competitive base salaries, performance driven incentives, and unique professional development opportunities. The combination of compensation, benefits, and an entrepreneurial culture along with related experiences is key to recruiting and retaining talent. Our compensation system is designed to reward performance, support development and job growth, and compensate individuals relative to their contribution to our organization. The base salary for this position falls within Nassau’s salary band 19 : $250,000-$300,000 depending upon experience Visit our Careers page and apply online at http : / / www.nfg.com / . Based in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with a fully integrated platform across insurance and asset management. Nassau was founded in 2015 and has grown to $1.6 billion in total adjusted capital, $24.8 billion in assets under management, and 365,000 policies and contracts as of March 31, 2025. As part of a young and growing financial services enterprise, our employees are tapping into a new entrepreneurial spirit while they build on a long track record of putting customers first, understanding the evolving income and protection needs, and developing quality products to meet those needs. Nassau provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
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Please make sure you read the following details carefully before making any applications. Description Job Summary Nassau Financial Group is a fast paced, growth oriented and entrepreneurial company founded in 2015 with a legacy dating back to 1851. Our culture of extreme ownership and focus on delivering best in class service is our competitive advantage and has brought us rapid success as an organization. The Head of Portfolio Steering is responsible oversight and annual development of strategic and tactical asset allocation (SAA & TAA), annual investment planning, asset-liability management, management activities, oversight of third-party mandates including Core, Core Plus and specialty fixed income mandates and oversight of key regulatory mandates. Further, the Head of Portfolio Steering facilitates the execution of NAMCO’s overall investment policy and results in conjunction with the Head of Portfolio Management and the Deputy CIO. Support M&A and other corporate related initiatives. Principal Duties and Responsibilities Coordinates and directs the daily investment activity for the insurance company and general account portfolios Steer portfolios on a day-to-day basis to exceed NII, GAAP targets and manage economic results Drive Strategic and Tactical Asset Allocation management for affiliated insurance companies Responsible for the allocation of SAA and TAA to affiliated insurance company legal entities taking into consideration regulatory and investment guidelines Hires, monitors, measures, and oversees 3rd party external managers, assist in managing 3rd party relationships Develop / enhance portfolio benchmark-relative performance analytics Coordinates and directs rebalancing of portfolio for ALM Manage and expand FHLB spread lending and REPO / REPO like facilities targeting a minimum incremental spread Manage the annual investment planning proces Managing regulatory relationships, reporting and compliance Managing Investment policies and policy statements Manage capital, liquidity, regulatory and tax constraints for affiliated insurance companies Develop planning strategies to help achieve target income and manage GAAP and STAT losses Design, draft and communicate investment guidelines for both internal and external managers Analyze new regulations for impact on insurance company portfolios Extensive interaction with accounting, legal, treasury, investment bankers, and clients as an advocate and point of contact Leadership of the investment portfolio aspects of insurance and strategic M&A transactions Assist in building practices and policies designed to attract, develop, and retain qualified investment professionals and staff to attain investment objectives and meet / exceed performance-based goals. Completes ad hoc reporting and investment analysis Perform other duties as assigned Knowledge, Skills and Abilities Bachelor’s degree required; Master’s preferred, CFA or other industry designation preferredMinimum 15 years of investment and insurance asset management experienceTitle MD commensurate with experienceKnowledge and experience in both public bonds and private marketsExperience managing core, investment grade portfolios, core-plus mandates and below-investment grade portfoliosExperience and knowledge in risk management and asset-liability management for insurance portfoliosSignificant experience in and understanding of insurance asset managementKnowledge of Bloomberg and trading systemsStrong level of oral and written communication skillsDetailed knowledge of accounting, regulatory, legal and rating agency requirements for insurance investment portfoliosKnowledge of manager selection criteria and management of asset allocation portfoliosAbility to work in an unstructured and dynamic team environmentExcellent math, analytical, problem solving and decision-making abilitiesIndependent, thorough, and accurate follow-through on a variety of detailed tasks from many different sources, often under deadline pressure and with frequent interruptionsOrganizational, planning, prioritizing and managerial skillsNatural self-starter with an appreciation for extreme ownership, accountability, and commitment to the intensity and challenges presented by the needs of a growing businessStrong presence and the ability to be versatile in a fast paced, high growth organization. Sensitive to and accountable for upholding high cultural standards
Compensation Nassau maintains a holistic compensation philosophy focused on competitive base salaries, performance driven incentives, and unique professional development opportunities. The combination of compensation, benefits, and an entrepreneurial culture along with related experiences is key to recruiting and retaining talent. Our compensation system is designed to reward performance, support development and job growth, and compensate individuals relative to their contribution to our organization. The base salary for this position falls within Nassau’s salary band 19 : $250,000-$300,000 depending upon experience Visit our Careers page and apply online at http : / / www.nfg.com / . Based in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with a fully integrated platform across insurance and asset management. Nassau was founded in 2015 and has grown to $1.6 billion in total adjusted capital, $24.8 billion in assets under management, and 365,000 policies and contracts as of March 31, 2025. As part of a young and growing financial services enterprise, our employees are tapping into a new entrepreneurial spirit while they build on a long track record of putting customers first, understanding the evolving income and protection needs, and developing quality products to meet those needs. Nassau provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
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