Director, Insurance Solutions - Asset Management

Director, Insurance Solutions

We are looking for a Director, Insurance Solutions to join our Investment Solutions team. You will play a strategic role in designing and delivering bespoke investment solutions that address the complex and evolving needs of insurance clients. Leverage your deep insurance industry knowledge and the ability to translate client objectives into actionable, customized portfolio strategies with a focus on regulatory capital efficiency, asset-liability management (ALM), accounting standards, and optimized risk-return outcomes. Partner with internal teams and external stakeholders to develop investment strategies that aim to achieve client objectives, considering regulatory, capital, and liability obligations. Partner with Sales in managing and expanding relationships, serving as a strategic advisor. Develop and deliver high-impact client presentations. Provide expertise across asset allocation strategies, including fixed income, private assets, equities, alternatives, and structured derivatives products. Advise clients on the implications of regulatory capital frameworks such as Solvency II, NAIC guidelines, and IFRS 17 for proposed investment strategies. Analyze market trends and regulatory changes to develop capital-efficient investment strategies. Represent the firm through industry conferences and thought leadership publications while maintaining external relationships to stay current on market trends. Work in partnership with the strategic advisory team to develop the appropriate ALM and risk analytics tools & systems that will deliver the outputs for the development of appropriate investment strategies.

Principal Asset Management is the global investment solutions business for Principal Financial Group (Nasdaq : PFG), managing about $580 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a "Best Places to Work in Money Management" for 13 consecutive years!

Who You Are

Bachelor's degree

10+ years of experience in investment management, insurance asset management, or a related field, with a strong focus on institutional clients

Deep expertise in evaluating insurance company's financial statements in the context of development of investment strategies.

Deep understanding of regulatory frameworks, including Risk-Based Capital (RBC), US Statutory standards, NAIC guidelines, IFRS 17, and Bermuda Monetary Authority (BMA).

Strong command of capital adequacy, asset-liability management, and solvency metrics (using Solvency II).

Strong understanding of capital markets, global economic trends, portfolio construction, risk modeling, asset allocation frameworks, and the broader competitive landscape.

Proven ability to design and implement complex, multi-asset investment solutions, spanning public and private investments.

Demonstrated success in a client-facing, consultative role within a global, matrixed organization.

Skills That Will Help You Stand Out

Advanced qualifications (MBA, CFA, CAIA, or actuarial credentials such as ASA / FSA).

Strong communication and presentation skills, with the ability to engage credibly with C-suite executives and investment committees.

Strong analytical skills with proven ability to deliver data-driven, creative solutions to clients.

Self-motivated team player who thrives in a collaborative environment.

Proficiency in tools such as Bloomberg and insurance investment analytics platforms.

Familiarity with international regulatory regimessuch as Solvency II in Europe and awareness of other evolving global insurance regulatory regulations.

Salary Range Information

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and / or skill level and will be finalized at the time of offer.

Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly) $205000 - $277000 / year

Time Off Program

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don't accrue a bank of time off under FTO and there is no set number of days provided.

Pension Eligible

No

Location(s)

We're open to considering remote or hybrid talent. You'll work with your leader to figure out which option may align best based on several factors. Principal Asset Management offices include New York City, Chicago, Charlotte, Des Moines, Seattle, or Denver.

Travel

This role requires extensive travel.

Work Authorization / Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO : F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links. Nonimmigrant Workers and Green Card for Employment-Based Immigrants.

Investment Code of Ethics

For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.