VP, Chief Investment Officer

General Position Summary

*Position is required to work in the Home Office in Omaha, NE.*

Responsible for managing risk of the asset side of the balance sheet, achieving the best risk-adjusted rate of return while ensuring asset selection matches WoodmenLife’s liabilities.  Offers prudent risk management, responsible for the design and implementation of investment policy within the parameters of the overall WoodmenLife Strategic Plan.  Directs the management of assets consisting of existing investments (bonds, mortgage loans, real estate, stocks, derivatives and alternative investments) and the funds generated from premium income as well as income, amortization, maturities and sales of existing investments. 

WoodmenLife is looking for a Vice President, Chief Investment Officer to join our team!

This role is responsible for directing the management of assets consisting of existing investments (bonds, mortgage loans, real estate, stocks, derivatives and alternative investments) and the funds generated from premium income as well as income, amortization, maturities and sales of existing investments.  Directs the investment of these funds in a prudent manner to produce the highest rate of return within the risk parameters as set forth in the Investment Policy Statement.  Prepares the Investment Division Policy Statement and Strategy for approval by the Investment Committee and National Board of Directors, in addition to the Derivative Use Plan as required by the New York Insurance Department.  Annually prepares the Investment Committee Report to the National Board of Directors summarizing the Organization’s investment performance.  Directs the acquisition of investments to optimally match those assets to insurance and annuity contract liabilities.  Accomplishment of this objective will require collaboration with the Actuarial division and working with modeling software to ensure adequate liquidity and surplus levels under various interest rate and business surrender scenarios.  Keeps abreast of global financial markets as well as economic, legislative and industry developments, as well as National Association of Insurance Commissioners (NAIC) and rating agency requirements.  Makes contacts with senior management of major corporations, investment officers of financial institutions and representatives of the banking community.  Keeps up to date with major corporate credit exposures, and financial statements of many insurance companies.  Must have working knowledge of the Nebraska Insurance Statutes and the rules and regulations of the NAIC.  Responsible for directing and managing all persons and operations necessary for conducting the business of the Investment Division.  Directs the cash flow analysis (company-wide) to establish the timing of the purchase of short-term and long-term investments.  Serves as Investment Division contact for the A.M. Best rating agency.  Directs and coordinates the activities of the investment division team; guides staff selection, professional development and ongoing motivation.  Provides support and advice to the in-house broker/dealer Woodmen Financial Services, and assistance with WoodmenLife’s Defined Contribution and Defined Benefit plans, as well as assessing the viability of potential third party vendors.

 WoodmenLife is one of the best places to work in Omaha and has been in business for 130 years. As a member of the WoodmenLife family, you’re joining others who share your commitment to family, community and country. Through WoodmenLife, you’ll have opportunities to connect with others, give back locally, and honor those who make an impact. We also provide world class benefits to our associates.

Qualifications

• Bachelor’s degree and Chartered Financial Analyst (CFA) designation required.
• A minimum of 10 years of experience managing insurance company assets; more specifically bond portfolios.
• Proven experience leading and motivating team members, as well as contributing to their learning and development.

Preferred Qualifications

• Advanced degrees preferred. 
• More than 10 years of experience with insurance company asset management including not only bond portfolios, but some experience with common stock portfolios, derivatives, and commercial real estate investments. 
• Certified Mortgage Banker designation (CMB) would be a plus, as would FINRA Series 7, 24, and 63.    

WoodmenLife offers a competitive compensation package and a comprehensive benefits package. More information about our benefits can be found at https://www.woodmenlife.org/careers/home-office/benefits/.

WoodmenLife offers a competitive compensation package and a comprehensive benefits package. As part of WoodmenLife’s employment process, candidates will be required to complete a criminal background check, credit check (where required for position), Fingerprint check (where required for position), drug screen and reference checks. Any offer of employment will be contingent upon successfully passing the above.

WoodmenLife is committed to excellence in diversity by creating an inclusive work environment that values and respects all individuals. We welcome and embrace associates, regardless of background and beliefs. WoodmenLife respects every associate’s unique perspective and contribution. We are committed to creating an inclusive environment that values differences, and creates opportunities for growth, leadership and service. This commitment includes providing equal opportunity in recruitment, employment and promotion, training and community outreach. WoodmenLife is also dedicated to strengthening the communities in which its employees live.

APPLICANTS WITH DISABILITIES SHOULD ADVISE THE HUMAN RESOURCES DEPARTMENT AT THE TIME OF APPLICATION IF SPECIAL ACCOMMODATIONS ARE NEEDED.

 Woodmen of the World Life Insurance Society (WoodmenLife) is an equal opportunity employer.