Director Investment Management

About Wellabe

Since 1929, Wellabe has been finding solutions to help our customers protect their health and financial well-being. We’re committed to fostering an internal culture of inclusivity, well-being, and development so each of our team members can succeed. Wellabe is full of smart, caring, hard-working people with a broad range of talents who understand collaboration is key.

Our Core Values:

• Be dedicated: Show unwavering commitment by proactively taking initiative, setting clear goals, and managing time effectively.
• Be trustworthy: Take accountability for actions, navigate difficult conversations with integrity, and build strong relationships through consistent, honest behavior.
• Be determined: Demonstrate enthusiasm and a relentless drive to overcome obstacles and achieve goals.
• Be collaborative: Foster teamwork by being self-aware, actively listening, and effectively communicating across all levels.
• Be open: Embrace diversity and new ideas to create an inclusive environment.
• Be generous: Embody generosity and compassion by serving a greater purpose and helping others.
• Be better: Commit to continuous improvement and adapt effectively to change.
• Be well: Prioritize physical and mental health, manage stress, and demonstrate emotional intelligence.

Responsibilities

• Oversee relationships with external asset managers, including performance monitoring, due diligence, and contract negotiations
• Lead strategic asset allocation analysis and recommendations to optimize portfolio positioning
• Drive rebalancing decisions and tactical allocation adjustments based on market conditions
• Develop and maintain the Investment Policy Statement (IPS) and recommend policy updates to the Investment Committee
• Lead manager search and selection processes, including RFP development and evaluation as necessary
• Monitor economic and market conditions to inform strategic positioning and identify risks and opportunities

Shared Responsibilities (Primary Owner)

• Lead automation initiatives across the investment function, identifying opportunities and driving implementation
• Manage investment projects from inception to completion, coordinating resources and timelines
• Champion process improvement efforts, establishing best practices and driving operational efficiency
• Coordinate with Director, Investment Analysis to ensure alignment on shared initiatives

Qualifications

• 8+ years of progressive experience in investment management, asset allocation, or portfolio management
• 3+ years in a leadership role with external manager oversight experience
• Demonstrated success leading automation and process improvement initiatives
• In-depth knowledge of the principles, processes, and practices related to investments
• Strong problem-solving skills and ability to work under pressure
• Strong knowledge of insurance products and operations
• Excellent written and verbal communication skills with ability to explain technical concepts to internal and external peers
• Strong analytical and problem-solving skills including ability to analyze new investment opportunities
• Demonstrated ability to apply portfolio management principles within an insurance company environment, including asset allocation, risk management, income generation, and liquidity considerations
• Strong ability to evaluate investment strategies, manager performance, portfolio positioning, and policy alignment to support disciplined investment decision-making
• Strong knowledge of insurance investment management practices, including portfolio construction, fixed income strategies, investment policy requirements, risk controls, and external manager oversight
• Working knowledge of insurance financial drivers, including capital, surplus, liquidity, statutory accounting considerations, asset-liability management, and regulatory expectations

Education

• Bachelor's degree in Finance, Economics, or related field required
• MBA or CFA designation strongly preferred

Benefits

• Hybrid availability
• 401(k) with company match
• Health insurance
• Paid time off, holidays
• Volunteer time off
• Lifestyle Spending Account (LSA)
• Paternity leave

Skills

We believe each of us has potential to grow and adapt with our business. We provide:

• LinkedIn Learning Premium access
• CliftonStrengths® assessment and coaching
• On-site and virtual workshops and cohorts featuring world-class content from FranklinCovey, Crucial Learning, Gallup, and more
• Free world-class insurance acumen courses through AHIP and LOMA
• Reimbursement and bonus opportunities for professional designations and certifications, including a tuition reimbursement program
• Opportunities to take part in Wellabe's mentorship programs