At Allianz Life, we are guided by our mission – we secure your future – and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting societal equity.
What you do:
Leading the sourcing, due diligence and execution of new investment opportunities and monitoring of in-force alternative asset strategies through the following activities:
- Develop new relationships and use existing asset manager and fund manager relationships across private and alternative debt strategies for the Allianz Life general account portfolio to fulfill growth and income goals consistent with asset allocation targets.
- Lead and coordinate all aspects of comprehensive due diligence and document review for new strategies, including collaborating with AIM and Allianz Life expert teams across accounting, tax, legal, risk and operations functions.
- Conduct deep-dives and periodic reviews of alternatives portfolio to assess performance, changes in risk profile, collateral composition and macro/regulatory trends.
- Oversee asset manager selection and performance monitoring across relevant KPIs, with particular focus on yield enhancing strategies.
- Coach and mentor junior professionals on the team. You will report to the AIM VP - Capital Markets.
- Lead asset class research and financial modeling for alternative assets with a focus on private debt (direct senior lending, junior debt and opportunistic) with the perspective of relative value, capital efficiency and risk assessment for insurance balance sheet.
- Conduct deep dives focused on fund collateral composition, credit subordination, stress testing, ratings migration trends, payment waterfalls and capital consumption under RBC and S&P capital models.
- Oversee preparation of regular asset class reports; support the preparation and sharing of investment narratives within AIM and external partners in collaboration with other investment management functions.
- Lead asset manager selection and oversight on assessing performance and other KPIs for separate accounts and fund managers for the Allianz Life general account portfolio in collaboration with AIM and global colleagues.
- Collaborate with portfolio allocators on investment recommendations within alternative assets sub-sectors with view on SAA and portfolio fit, capital consumption, liquidity, and excess returns.
- Support team and mentor junior professionals on manager selection, due diligence, legal document review and execution for new strategies.
What you bring:
- 8+ years of relevant work experience at insurance company, bank or asset manager with focus on private debt and alternative assets in client facing capacity.
- Strong leadership and excellent verbal and written communication skills (story-telling ability with market and portfolio data).
- Investment systems experience for alternative assets modeling (Excel, Bloomberg, Aladdin and eFront, etc.)
- Four-year degree required: Accounting, Finance, Mathematics, Economics or related technical field.
What we offer:
At Allianz Life, we’re proud to provide a benefits package that supports the True Balance of our employees and their families. We offer: a choice of comprehensive medical, dental and vision plan options, health savings account, tuition reimbursement, student loan retirement plan, generous annual paid leave, an outstanding 401(k) company match, and life insurance. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that welcomes, includes and celebrates diversity. Our great benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re recognized as a top workplace employer.
Job Details:
- Job Level: Management
- Location: Minneapolis, MN, US, 55416
- Area of Expertise: Asset & Investment Management
- Unit: Allianz US Life
- Employing Entity: Allianz Life Insurance Company
- Job Type: Full-Time
- Remote Job: Hybrid working
- Employment Type: Permanent
- ID: 54263
- Position Cluster: Non-Executive
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Join us. Let’s care for tomorrow. #LI-TD1
