Head of Alternative Investments
Transamerica · Cedar Rapids, IA · 1 wk ago
SalesFull-time
About the role
Reporting to the CIO, this role will manage and optimize a portfolio of alternative investments within the General Account ensuring strategy execution, portfolio construction, and performance oversight align with enterprise investment objectives, risk appetite, and liability profile.
Responsibilities
- Develop and execute investment strategies across alternative asset classes aligned with portfolio objectives and capital strategy.
- Lead portfolio construction, asset allocation, and optimization decisions across alternative investments.
- Source, evaluate, diligence, and select third-party asset managers and investment partners.
- Oversee external manager onboarding, governance, and ongoing compliance with investment guidelines and mandates.
- Analyze investment opportunities across alternative strategies and recommend transactions that support risk and return objectives.
- Structure and evaluate complex transactions and investment vehicles, including terms, risks, and operational considerations.
- Monitor performance, risk exposures, and key return drivers using portfolio analytics and modeling; identify underperformance risks and recommend corrective actions.
- Prepare quarterly and ad hoc portfolio performance and risk reporting for senior leadership and key stakeholders.
- Conduct benchmarking, market, and sector analysis to inform investment decisions and portfolio strategy.
- Lead, coach, and develop team members and support other portfolio managers as needed.
Qualifications
- Bachelor’s degree in finance, economics, business, or related field
- Twelve years of experience in alternative investments, investment management, or related financial services roles
- Leadership experience in portfolio management with understanding of alternative investment strategies
- Strong analytical, communication, and stakeholder management skills
- Proficient in financial modeling, data analysis, and portfolio management and analytics tools, including Microsoft Excel
Preferred Qualifications
- Experience within a United States life insurer investment organization
- Experience investing in asset managers, including ownership stakes or strategic partnerships
- Master of Business Administration (MBA)
- Charted Financial Analyst (CFA)
- Chartered Alternative Investment Analyst (CAIA)
Working Conditions
Office Environment
Occasional extended hours during peak reporting cycles or time-sensitive transactions
Moderate (10-25%) travel
What We Offer
- Competitive Pay
- Bonus for Eligible Employees
- Benefits Package
- Pension Plan
- 401k Match
- Employee Stock Purchase Plan
- Tuition Reimbursement
- Disability Insurance
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employee Discounts
- Career Training & Development Opportunities
- Health and Work/Life Balance Benefits
What We Offer
- Compensation
- Benefits
- For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Company Information
- United in our purpose, we help people create the financial freedom to live life on their terms.
- We are part of Aegon, an international holding company with millions of customers and thousands of employees worldwide.
- We believe everyone deserves to live their best life.
- We are committed to diversity and inclusion.
- We support nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
- We seek to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.