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Requisition Number 18-0029
Post Date 12/17/2018
Title Deputy Director, Investment
City Rock Island
State IL
Description Organizational Overview:
Royal Neighbors is not an ordinary insurance firm. Since 1895, we have held true to our mission to support women and those they care about by offering opportunities that other companies don’t. Our members receive competitive coverage, member benefits such as scholarships, disaster aid, health discounts, and the opportunity to volunteer and give back to their communities.

Employment with a Difference is what you will have as a Royal Neighbors of America employee. At Royal Neighbors of America, our culture and values define who we are. With over a century of proud history working to empower the lives of women and their families, we share basic beliefs and attitudes that enable our employees to thrive in a high-quality and rewarding work environment.

Summary of Role:
Royal Neighbors of America is searching for a Deputy Director of Investment. This position is responsible for recommending and implementing appropriate policies and strategies to improve investment returns on Society’s invested assets, directs investment activities consistent with approved guidelines. Leads asset-liability management activities.

Essential Duties and Responsibilities:
•Manages investments in various asset classes including bonds, mortgages, real estate, alternative assets, common stock and other asset classes in the market whether or not they are being considered for the Society; assures compliance of investments with approved policies and guidelines.
•Determines appropriate investment strategies within authorized limits and interest crediting rates for all Society interest-sensitive insurance contracts.
•Reviews and is responsible for investment execution and guides department personnel engaged in financial analysis.
•Understands relative value and risk between all available asset classes and new structures brought to market.
•Responsible for evaluation of portfolio performance and periodic preparation of management reports on the Society portfolio, defined benefit pension plan, and defined contribution plan.
•Provides supplemental analytical skills, as needed.
•Interfaces with or directs various management forums including acting as Chair of the Investment Advisory Group, liaison to the Investment Committee of the Board of Directors, and participation in the Benefits Advisory Group.
•Responsible for establishing and formulating recommendations on the investment policies of the Society for review with the Investment Committee and approval by the Board of Directors including the optimization of the portfolio.
•Develops, manages and maintains various external relationships which provide investment opportunities and information to support the effective management of the Society’s Invested Assets.
•Selection, directing and monitoring of possible third party relationships whose purpose is to provide external investment or asset management services.
•Gathers and analyzes competitor data and their financial statements; industry, regulatory and economic information; new government legislation; and financial periodicals.
•Acts as chief spokesperson for the Society within the investment community.
•Participates in other Society projects requiring financial or investment expertise, including the optimization of the portfolio, new product development, in-force performance evaluation, risk management and asset liability management.
•Other duties as assigned.

Supervisory Responsibilities
Supervises employees in the Investment Department. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems. Leads cross-functional projects or participate in society level initiatives as a subject matter expert.

To perform this job successfully, an individual must be able to perform each essential duty on a timely basis and to a high degree of precision. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience
Bachelor's degree (B. A.) from four-year college or university; ten years related experience and/or training; or equivalent combination of education and experience. Evidence of professional level of achievement such as an MBA, C.F.A. or other certifications.

Entry, Basic, Mid, and Advanced-Level Life Office Management Association (LOMA) course levels will be required upon acceptance of position.

Certificates, Licenses, Registrations
LOMA Level 1 certificate required. Chartered Financial Analyst (CFA) or Fellow, Life Management Institute (FLMI) preferred.

Core Competencies:
Communicates Clearly and Effectively, Knows the Job, Achieves Results, Builds Partnerships, Adapts to and Promotes Change, Makes Decisions. Demonstrates Leadership, Manages Performance

Technical Competencies:
•Excellent presentation skills
•Relationship management
•Multiple asset class knowledge
•Ability to understand, direct and execute transactions across capital marketing
•Have extensive experience in multiples aspects of portfolio management
•Assets - Knowledge and experience with fixed income, commercial mortgages, real estate, alternative assets, equities, structured products and new unique issues that come to market. Evaluating, pricing, and trading securities.
•Ability to develop portfolio monitoring frameworks applying duration, convexity and economic value concepts.
•Ability to develop and implement risk management frameworks around embedded value, ERM and ALM.

Computer Skills: To perform this job successfully, an individual should have extensive knowledge of Microsoft office software (includes Word, Excel, PowerPoint and Outlook) and Data base software and internet web-based programs.

Mathematical Skills: Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages. Ability to apply concepts of basic algebra and bond math. Ability to build Excel models and worksheets for both basic calculations and higher-level analysis or projections. Subject matter expertise to quantify/explain/apply/probability, distributions and other advanced math concepts;

Industry Competencies:
Life Insurance industry experience. Familiarity with risk mitigation techniques within the insurance industry.

Reasoning Ability:
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel and talk or hear. The employee must frequently lift and/or move up to 10 pounds.

Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Royal Neighbors offers a competitive benefits package including an annual bonus, medical, dental, vision, health savings account with annual employer contribution up to $1,000, excellent 401K plan with up to 9% employer contribution and immediate vesting, short and long term disability, company paid term life insurance, 11 paid holidays, generous PTO program, education assistance with reimbursement up to 100%, company paid insurance and related courses for life insurance designation, insurance products discount, and much, much more.

We are an Equal Opportunity Employer.

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