Implementation Portfolio Manager (SAA/Insurance)

About the Opportunity

We have exclusively partnered with a Tier-1 Alternative Investment Manager looking to hire an Implementation Portfolio Manager for a market-leading team. The role sits within a centralised investment team responsible for SAA and capital deployment across public & private credit, structured credit, and macro fixed income (rates), for a significant (double-digit billion AUM) balance sheet. The team serves a critical function within the firm’s European insurance solutions platform, and this is a rare opportunity to join a market-leading business in the fast-growing insurance M&A space.

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 public & private markets.

The selected candidate 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 Markets, 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 at a portfolio level, all within the framework of Solvency II and balance-sheet-led investing.

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
• Presenting to Senior Leadership: Present to senior leadership and communicate insights clearly using structured, data-backed narratives

About You

Requirements & Qualifications

• 3-7 years of experience in investment management, insurance asset management, ALM, credit portfolio strategy, or related areas
• Exposure to UK or Continental European life insurance or experience working with insurance balance sheets is a plus
• Background in IG credit, derivatives, or fixed income is preferred
• 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
• Strong academic foundation in a quantitative or analytical field such as Mathematics, Economics, Engineering, or Finance
• Hands-on, detail-oriented, and intellectually curious
• Able to communicate complex ideas effectively to senior stakeholders and collaborate cross-functionally
• Demonstrated track record of high achievement, work ethic, and career accomplishments

Benefits

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About Company

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