Sr. Director, Insurance Portfolio Management

Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.

Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our communities.

We foster a collaborative environment with opportunities for growth and encourage our associates to live our values:
Do good. Be good. Make good.

NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple – to allow NLG to keep its promises. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates.

Please note that we do not offer visa sponsorship for this position.

The Insurance Investment Portfolio Manager is responsible for managing the insurer’s investment portfolio to ensure optimal risk‑adjusted returns while aligning with liability profiles, regulatory requirements, and capital constraints. This role monitors asset allocation including fixed income and alternative investments, liquidity management, and asset‑liability matching strategies to support the company’s long‑term financial stability. Specifically, the role will manage underlying portfolio exposure for life and annuity product lines including Index Universal Life, Fixed Index Annuities and the operating leverage program.

The position requires strong knowledge of insurance balance sheets, regulatory frameworks, and institutional portfolio management principles.

• Manage fixed income, equity, and alternative investments in line with risk appetite.
• Optimize portfolio duration and credit quality to align with insurance liabilities.
• Monitor portfolio performance against benchmarks and internal targets.

• Collaborate with actuarial teams to ensure asset‑liability matching.
• Conduct duration exposure analysis to actively manage to targets.
• Support capital efficiency initiatives and surplus optimization.
• Monitor market, credit, liquidity, and concentration risks.
• Ensure compliance with insurance regulatory investment guidelines.

• Present asset class reviews to the investment committee.
• Present analysis on yield, spread movements, total return, and risk metrics.
• Track key metrics such as yield‑to‑maturity, duration, convexity, and capital charges.

• Bachelor’s degree in Finance, Economics, Mathematics, or related field.
• MBA or Master’s degree preferred.
• CFA charter holder (from CFA Institute) strongly preferred.

• 5–12+ years of experience in institutional asset management, insurance investments, or fixed income portfolio management.
• Strong understanding of insurance balance sheets and statutory accounting.
• Experience with ALM frameworks and capital modeling.

• Deep knowledge of fixed income markets (corporates, sovereigns, structured products).
• Understanding of regulatory capital treatment of assets.
• Proficiency in Excel, Bloomberg, and portfolio management systems.
• Strong quantitative and analytical skills.

• Strategic thinking with strong risk awareness.
• Excellent communication and presentation skills.
• Ability to interact with executive leadership and board members.
• Portfolio allocation and transaction/trading experience.

The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including prior experience and job‑related knowledge; education, training and certificates; current business needs; and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and…