Implementation Portfolio Manager (Insurance/SAA)

Role Overview

We have partnered with a Tier-1 Alternative Investment Manager looking to hire an Associate for their Balance Sheet Management team, which sits within the firm’s European insurance investment platform. This is a rare opportunity to join a market-leading platform that is redefining how insurance capital is deployed across public and private markets.

The role is based in London and offers high visibility, direct engagement with senior stakeholders, and exposure to some of the most sophisticated asset-liability and capital allocation strategies in global insurance asset management. The selected candidate will be joining a lean, high-performing team responsible for designing, implementing, and optimising how capital is allocated across the platform’s European insurance balance sheets - helping to shape investment strategy across rates, credit, structured credit, and private markets.

As part of the Balance Sheet Management team, you will play a central role in driving strategic and tactical asset allocation decisions, managing solvency and liquidity trade-offs, and optimising portfolios across a complex, regulated capital base. You will work closely with cross-functional teams including Macro/ALM, Private Credit, Quant, and Risk, and partner directly with senior leadership on portfolio design and implementation.

This is an intellectually demanding role ideal for a commercially minded candidate with strong technical acumen, who thrives in fast-paced, analytically rigorous environments. The position combines elements of SAA/TAA design, portfolio optimisation, insurance ALM, and public/private credit analysis, all within the framework of Solvency II and balance-sheet-led investing.

Key Responsibilities

• Strategic Asset Allocation (SAA):
• Support the design and execution of SAA across European insurance entities, translating high-level targets into implementable actions
• Tactical Allocation:
• Contribute to near-term tactical positioning across IG credit, Private & Structure Credit, Rates, and Derivatives; evaluate trade-offs across public and private credit markets
• Portfolio Optimisation:
• Use models and analytical tools to optimise portfolios for return, capital efficiency, and liquidity; perform scenario and stress testing
• Quantitative Analytics & Data Integration:
• Build and enhance allocation tools and dashboards in collaboration with the Quant team; maintain a high standard of data-driven decision support
• Market Insight:
• Develop working knowledge of public and private credit strategies; support cross-asset relative value analysis and hedging assessments
• Stakeholder Communication:
• Present to senior leadership and communicate insights clearly using structured, data-backed narratives

Requirements & Qualifications

• Experience:
• 3–7 years in investment management, insurance asset management, ALM, credit portfolio strategy, or related areas
• Exposure to UK life insurance or experience working with insurance balance sheets is a plus
• Background in IG credit, derivatives, or fixed income is preferred
• Technical Skills:
• Strong analytical toolkit with practical knowledge of fixed income metrics (duration, convexity, liquidity)
• Proficiency in Python is strongly preferred.
• Familiarity with Solvency II, ALM, or capital-efficient portfolio design is advantageous
• Education:
• Strong academic foundation in a quantitative or analytical field such as Mathematics, Economics, Engineering, or Finance
• Personal Attributes:
• Hands-on, detail-oriented, and intellectually curious.
• Able to communicate complex ideas effectively to senior stakeholders and collaborate cross-functionally