Portfolio Manager, Funding Strategies (Hybrid - Baltimore or Philly)

About the role

Manages the day-to-day execution of Transamerica's funding strategy, ensuring reliable and cost-effective access to liquidity across market conditions. Supports the design and implementation of new operational leverage programs to enhance financial flexibility, optimize risk-adjusted returns, and enable efficient asset warehousing.

Responsibilities

• Manage day-to-day activities of liquidity, spread investment, and asset warehouse strategies.
• Optimize cost of funds while maintaining appropriate liquidity buffers and targeted asset and liability management (ALM) profile.
• Oversee collateral usage and related facility capacity to ensure seamless capital efficient execution of strategies.
• Monitor funding market developments and assess impacts on liquidity, capital structure, and execution strategy.
• Aid in design and implementation of new structures and facilities, ensuring operational readiness and platform scalability.
• Partner with internal and external stakeholders to support strategic initiatives enhance investment outcomes and long-term value creation.

Qualifications

• Bachelor’s degree in quantitative discipline such as finance, economics, mathematics
• Eight years of progressive experience in financial services industry with focus on funding or capital market strategies
• Experience with operational leverage programs, including institutional funding products or liquidity facilities
• Strong knowledge of portfolio management, hedging strategies, liquidity management, and asset and liability management (ALM) within an insurance company environment
• Strong understanding of fixed income markets, funding structures, and capital optimization
• Strong verbal and written communication skills with ability to present complex topics to various audiences
• Demonstrated professionalism, integrity, accountability, and ability to collaborate effectively across teams

Preferred Qualifications

• Established relationships within capital markets or institutional investor communities
• Experience with funding agreement structures, including Federal Home Loan Bank (FHLB), Funding Agreement‑Backed Notes (FABN), Funding Agreement‑Backed Commercial Paper (FABCP), and Funding Agreement‑Backed Repurchase Agreements (FABR)
• Experience managing a large general account portfolio
• Experience applying AI intelligence solutions to enhance investment or funding capabilities
• MBA and/or CFA

Pay

The Salary for this position generally ranges between $165,000 - $195,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

Schedule

Office Environment
Moderate Travel 10 to 25%

What We Offer

• Comprehensive benefits package designed to support both the personal and financial well-being of our employees.
• Pension Plan
• 401(k) 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
• Compensation
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
• Adoption Assistance
• Employee Assistance Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Referral Bonus Programs

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women. To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Give Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.