AVP, Investments at RLI in Peoria, IL

Job description

About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us. RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company. Position Purpose Under general direction and with significant independence, leads the company's investment function and develops and delivers investment results for the company's property and casualty insurance general account and surplus assets. Develops and executes portfolio strategy, asset allocation, implementation, risk oversight, outside investment manager relationships, and reporting across all asset classes appropriate for an insurance company. Develops surplus growth strategies and income opportunities while balancing capital preservation, liquidity, liability characteristics, regulatory requirements, and risk tolerances. Partners with Treasury, Accounting, Finance, Actuarial, Enterprise Risk, and other stakeholders to align investment strategy with the company's liquidity, capital, liability, and financial objectives. The role has significant flexibility and independent judgment in how investment objectives are developed and executed and presents strategy, results, risks, outlook, and recommendations to senior management and the Board of Directors. Principal Duties and Responsibilities Develop, recommend, and execute investment strategy for property and casualty general account and surplus assets, including asset allocation, duration, credit quality, liquidity, income, and total return objectives, consistent with investment policy and the company's capital, liability, and liquidity requirements. Independently identify, evaluate, and implement investment opportunities across all appropriate asset classes, including surplus growth and income strategies, while balancing expected return, capital preservation, liquidity, liability characteristics, regulatory requirements, and risk tolerances. Monitor portfolio performance, market and credit risk, liquidity, concentration, compliance, and GAAP and Statutory implications; conduct scenario analysis and recommend timely portfolio actions. Select and oversee outside investment managers, consultants, custodians, and other investment partners; establish and evaluate mandates, performance expectations, fees, guidelines, compliance, risk, and organizational changes. Use FactSet, Bloomberg, BondEdge, and related systems for market research, portfolio analytics, performance attribution, risk analysis, forecasting, management reporting, and data integrity. Develop investment reporting, analysis, and recommendations for senior management and the Board of Directors regarding portfolio strategy, performance, risk, market conditions, and outlook. Partner with Treasury to align investment portfolio positioning with enterprise liquidity, funding, and capital requirements, and collaborate with Accounting, Finance, Actuarial, Enterprise Risk, rating agencies, and other stakeholders regarding investment strategy and results. Oversee adherence to the company's investment policies and guidelines and recommend changes to investment policy, guidelines, limits, or governance practices based on market conditions, portfolio needs, regulatory requirements,