Investment Specialist - Alternatives

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The Investment Specialist will be responsible for evaluating investment portfolios as part of regulatory oversight projects (financial examinations, analysis, and special projects), assessing practices and strategies of insurance entities, identifying specific investment related issues, and recommending solutions to address findings. This position will have a specific focus on alternative, non-Bond investments, and the appropriateness of such investments in an insurer's portfolio.

Specific expertise in assessing mortgage loans and private funds is required. Experience in derivatives strategies is also desirable. This position has opportunity for advancement as well as personal and professional growth.

• Work closely with regulators to review and provide analysis for companies' investment strategies, products, portfolios, investment plans, and agreements.
• Review of entities' investment policies, guidelines, procedures and controls regarding investment accounts, performance of procedures to verify or establish existence, ownership, and valuation of investment accounts. Ability to compare and contrast investment activities with industry benchmarks.
• Review companies' investment risk management process.
• Review and assess companies' derivative investment portfolio and hedging program.
• Review and evaluate companies' investment-related agreements.
• Support investment team in other aspects of a risk-focused financial exam, including:
  • Develop interview questions and lead/assist in leading investments interviews of senior and executive management at companies; assess governance functions over investment areas.
  • Execute testing of compliance with state laws, rules and regulations.
  • Participate in client status meetings, prepare and review deliverables, and assist in identifying issues which will be communicated to the client.
  • Review valuation and assess impairment of investments including asset backed securities, mortgage-backed securities, collateralized debt obligations, among others.
• Work with other specialists, such as actuaries and reinsurance specialists, as well as financial examiners, on investment issues impacting their work.
• Communicate complex investment topics to clients and other stakeholders.
• Document work in accordance with defined regulatory requirements.

• Bachelor's Degree in Finance or Accounting
• 10+ years of relevant experience in investment management or investment risk management in insurance, banking, or asset management industries

• MBA, CPA and/or other professional certification(s) preferred; including Certified Investment Specialist (CIS), Chartered Financial Analyst (CFA)
• Insurance Industry portfolio management
• Experience with reviewing/assessing/documenting investment-related internal controls and governance

• Demonstrated critical-thinking and problem-solving abilities
• Proficiency with the Microsoft 365 suite of products and business productivity tools, including experience in using software for producing presentations, reports, spreadsheets, and…