Head of Fixed Income Investments

It’s a great time to join AAA The Auto Club Group! 

JOIN THE TEAM COMMITTED TO DRIVING YOUR CAREER FORWARD

Job Type:

Job Description:

What will you do:

The Auto Club Group is seeking a Head of Fixed Income Investments to join a highly collaborative Investment team focused on delivering excellent results for its clients.  The role's focus is the management of fixed income assets, consisting primarily of externally managed portfolios, and managing relationships with external managers.  Responsible for participating in asset allocation decisions and developing fixed income investment strategies.  Accountable for leading due diligence and overseeing current and prospective investment managers and strategies.  Responsible for overseeing the fixed income allocation and results, reporting on performance, and attribution of all managers and portfolios. Maintain a close connection to financial markets to share insights on market developments, drivers, and outlook with others in the group/organization.  As a senior team member, the Head of Fixed Income will support the development of others, support and participate in group initiatives in a manner that aligns with the team and company values.

In this position, you will have the opportunity to: 

• Support the Chief Investment Officer
• Contribute to developing and refining the broader investment strategy to meet organizational objectives and constraints.
• Think strategically about markets, portfolios, and strategies.
• Partner with the private markets team to develop private credit strategies.
• Improve, establish, and follow processes that relate to fixed-income asset investments.
• Direct activities related to cash/liquidity management.
• Evaluate portfolio performance and income attribution as compared with the plan.
• Monitor and analyze market conditions, investment strategies, and liquidity conditions to communicate with management routinely.
• Act as a liaison between Investments and internal constituents to communicate market information and investment results. 
• Ensure adherence to Board-approved investment policy.

Accounting and Budgeting:

This role works closely with Enterprise Risk Management, Finance, Treasury and Accounting teams.  Assists with investment reporting for Schedules D and BA of the Annual Statement and other related activities to support financial statement preparation, regulatory reporting, and governance-related reporting activity.  Develops annual income budget and forecasts for all investment portfolio(s), and conducts monthly reconciliations of actual and budgeted investment results.  Extensive interaction with internal teams for these activities and developing support within the investment team to assist with these functions are critical. 

Supervisory Responsibilities:

Responsible for the management of assigned team members.  Mentoring and developing less experienced team members are essential components of leadership positions within the investment team. 

With our powerful brand and the mentoring we offer, you will find your position as a Head of Fixed Income Investments can lead to a rewarding career at our growing organization.

• How you will benefit:
• Our Auto Club Group Director, Fixed Income Investments, earns a competitive salary with the potential of earning a bonus
• Excellent and comprehensive benefits packages.  Benefits include:
  • 401k Match
  • Medical
  • Dental
  • Vision
  • PTO
  • Paid Holidays
  • Tuition Reimbursement

Qualifications

Education:

• Bachelor's degree in Accounting, Finance, Economics or a related field
• Certified Financial Analyst (CFA) or Master's degree required

Experience:

• Minimum of 10 years of relevant P&C investment experience in an institutional investment environment.  Investment accounting knowledge relevant to the insurance industry is preferred.
• Experience as a Sr. Portfolio Manager, or in an investment management position for property & casualty, and life insurance, with a strong background in public core & non-core fixed income.

Relevant experience:

• Long-term strategic asset allocation
• Knowledge of the full quality spectrum and wide range of fixed income security types
• Record of creating relationships and delivering solutions in complex, regulated entities
• Performance attribution analysis
• Staff management and development
• Due diligence/research of asset managers
• Managing consultant and investment manager relationships
• Budgeting, forecasting and performance measurement for investment portfolio(s)
• Analyzing cash flow, investment vehicles and new market opportunities
• Bloomberg and accounting systems
• Accounting for insurance company investments and the impact on income

Knowledge and Skills:

• Curious
• Accountable
• Customer focused
• Hard working
• Self motivated
• Collaboration and commitment to working in a dynamic team environment
• Leadership and mentoring in a small group environment
• Advanced portfolio management quantitative techniques
• Operations of financial institutions, including insurance investment practices
• Accounting and taxation of investments in an insurance company setting
• Identifying and analyzing problems and developing innovative solutions
• Communicating effectively with others in the work environment
• Continuously improving business processes
• Strong written and oral communication skills, attention to detail and pride in quality of final deliverables

Successful Head of Fixed Income Investments will possess effective communication skills, ambition, motivation and drive!

What it’s like to work for us:

We serve our members by making their satisfaction our highest priority.  We do what’s right by sustaining an open, honest, and ethical work environment.  We lead in everything we do by offering best-in-class products, benefits, and services.  And we value our employees by seeking the best talent, rewarding high performance, and holding ourselves accountable.

We create an inclusive and welcoming environment of diverse backgrounds, experiences, and viewpoints, realizing our differences make us stronger.

Who we are:

The Auto Club Group helps AAA Members enjoy life’s journey with peace of mind by providing innovative solutions, advocacy and membership benefits wherever and whenever they need them.  We currently conduct business in 14 states in the upper Midwest and the Southeast.

The Auto Club Group has established four long-term enterprise goals:

• Long-term, sustainable, profitable growth
• AAA Membership growth and renewal
• Operational excellence
• Become the “flagship club” of the AAA Federation

Important Note:

The above statements describe the principle and essential functions, but not all functions that may be inherent in the job.  This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements.  Reasonable accommodations will be made for otherwise qualified applicants, as needed, to enable them to fulfil these requirements.

The Auto Club Group, and all of its affiliated companies, is an equal opportunity/affirmative action employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, disability or protected veteran status.

Who We Are

Become a part of something bigger.

The Auto Club Group (ACG) provides membership, travel, insurance, and financial service offerings to approximately 14+ million members and customers across 14 states and 2 U.S. territories through AAA, Meemic, and Fremont brands. ACG belongs to the national AAA federation and is the second largest AAA club in North America.

By continuing to invest in more advanced technology, pursuing innovative products, and hiring a highly skilled workforce, AAA continues to build upon its heritage of providing quality service and helping our members enjoy life’s journey through insurance, travel, financial services, and roadside assistance.

And when you join our team, one of the first things you’ll notice is that same, whole-hearted, enthusiastic advocacy for each other.

We have positions available for every walk of life! AAA prides itself on creating an inclusive and welcoming environment of diverse backgrounds, experiences, and viewpoints, realizing our differences make us stronger.

To learn more about AAA The Auto Club Group visit www.aaa.com