Senior Insurance Portfolio Manager

About the role

Marsh is hiring a Senior Portfolio Manager for its US insurance segment, reporting to the Chief Investment Officer. The role manages total portfolios for insurance investors, with a strong focus on multi-asset portfolios, fixed income and alternatives, and requires deep insurance expertise so that portfolios are designed and managed according to insurance-specific requirements. It sits within a high-performing portfolio management team and offers access to leading investment research.

Key responsibilities

• Integrate into a multi-segment, multi-asset portfolio management team overseeing assets under management in the US region.
• Collaborate with insurance segment leadership and consultants, support prospecting, client conversations and marketing, and serve as a voting member of the US Insurance Investment Committee.
• Lead day-to-day management of investment solutions for insurance clients, liaising with strategy, back and middle office functions and supporting Compliance.
• Contribute to investment philosophy, portfolio construction and manager selection, and help design, diligence and implement new investment solutions.
• Present to clients, including Management and Investment Committees, on markets, portfolios and performance.
• Represent the team internally and externally, including at C-Suite level, and collaborate with other Marsh entities on joint services.
• Act as a subject matter expert for insurance clients, mentor junior colleagues, and help create insurance thought leadership and pitchbooks.

Required profile

• Ideally 15+ years of investment experience, with 10+ years in insurance portfolio management.
• Ideally CFA/CAIA/FSAI/FIA qualified (or similar).
• Working knowledge of NAIC structure, statutory accounting rules and state-level regulatory oversight.
• Experience designing insurance-specific vehicles and across health, P&C, reinsurance, captives, traditional and annuity-based life insurance.
• Proven leadership, excellent communication skills and ability to work independently and collaboratively.

Required skills

• Deep understanding of insurance investor requirements, including regulatory capital, asset-liability matching, GAAP vs. STAT accounting, tax optimization and capital efficiency.
• Ability to construct portfolios aligned to liability profiles while meeting book yield and total return targets.
• Expertise in private markets and the full spectrum of fixed income.
• Proficiency with analytical approaches, including bespoke insurance analytics.
• Experience with third-party systems such as Clearwater.

Hybrid work is supported, with three days in the office per week.