Illiquid Portfolio Manager, Insurance Capital Solutions

You will be joining the Outsourced Chief Investment Officer function within the Insurance Capital Solutions team, which is responsible for managing the investment portfolio of Macquarie’s asset intensive Bermudian reinsurer, InEvo Re. This is an exciting opportunity for a highly motivated individual to provide a meaningful contribution to this new strategic initiative.

At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities. We are a global financial services group operating in 31 markets and with 56 years of unbroken profitability. You’ll be part of a friendly and supportive team where everyone – no matter what role – contributes ideas and drives outcomes.

Supporting the buildout of InEvo’s private asset portfolio, you will facilitate asset deployment by screening new investment opportunities and making recommendations to the CIO on whether to participate in transactions, assessing portfolio fit, risk-return profile, illiquidity premium vs underwriting assumptions, etc. You will also support on establishing suitable asset holding structures to enable capital efficient investments into private asset classes.

You will contribute to new business acquisition by developing investment assumptions to support InEvo’s reinsurance transactions and helping to devise and implement solutions for cedants which provide security over pools of assets and derivatives.

You will also perform analyses and prepare materials to support InEvo board and regulatory approvals of new private asset classes and internal rating models for the Bermudian balance sheet.

You will also perform analyses and prepare materials to support regulatory approvals to internal rating models for the Bermuda balance sheet, to support InEvo approvals, etc.

In addition to asset deployment, you will have oversight of sub‑advisory mandates and will monitor investment and manager performance, and present to stakeholders across Macquarie Asset Management and InEvo on investment portfolio performance, deployment and pipeline.

• Experience in asset management, ideally with an insurance focus
• Knowledge of private credit, infrastructure debt, private equity or real estate would be advantageous, as would an understanding of the capital and reporting requirements for insurers operating under one or more of the key regulatory rulebooks – e.g. UK MA, Solvency II, BMA, SEC – although this is not essential
• Excellent communication skills and stakeholder management skills, able to articulate complex matters clearly and concisely and build relationships with a range of key partners
• An analytical problem‑solver who is both creative and adaptable. This is especially important given the relatively early stage in the lifecycle of the project

• 1 wellbeing leave day per year and a minimum of 25 days of annual leave.
• 26 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
• Paid fertility leave for those undergoing or supporting fertility treatment
• 2 days of paid volunteer leave and donation matching
• Access to a wide range of salary sacrificing options
• Benefits and initiatives to support your physical, mental and financial wellbeing including, comprehensive medical and life insurance cover
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
• Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
• Access to company funded emergency and backup dependent care services
• Recognition and service awards
• Hybrid and flexible working arrangements, dependent on role
• Reimbursement for work from home equipment

Macquarie Asset Management is a global asset manager that aims to deliver positive impact. We’re trusted by institutions, pension funds, governments, and individuals to manage billions in assets globally. We provide access to specialist investment expertise across a range of capabilities…