Job Description
The Director, Capital Advisory brings deep investment expertise to bear on enterprise-wide capital decisions within the life & annuity business. This role evaluates new investment opportunities, structured transactions, and asset strategies through the lens of capital efficiency and risk-adjusted return, while partnering closely with actuarial, reinsurance, and regulatory teams to ensure decisions are fully integrated into the organization’s broader capital allocation strategy. Serving as a key connective point between the investment function and enterprise capital management, this individual supports senior leadership with analysis and recommendations on capital deployment, reinsurance transactions, and emerging regulatory developments — bringing an investment-first perspective to decisions that shape the company’s balance sheet and long-term financial strength.
This position reports to the VP, Head of Capital Management, collaborates closely with actuarial, investment, reinsurance and regulatory teams across the organization while remaining highly hands-on with core analytical deliverables.
Duties & Responsibilities
Capital Evaluation of Investment Opportunities
- Lead evaluation of capital related impacts to assess new asset classes, structured transactions and portfolio strategies for their capital efficiency and impact on capital
- Conduct capital impact modeling for proposed investment changes including sensitives and scenario analysis
- Develop analytical frameworks and decision support that enable consistent comparison of investment opportunities on capital consumption, return, risk and liquidity
Regulatory
- Monitor and interpret regulatory developments affecting Risk Based Capital (RBC)
- Translate regulatory change into capital impact analysis for leadership, distinguishing between statutory, rating agency, and internal economic capital effects
- Partner with regulatory affairs, actuarial, and legal teams to assess implications of proposed or finalized rule changes
- Identify emerging changes in capital frameworks, investment treatments and industry practices that may create capital optimization opportunities or risks for F&G
Strategic Analysis & Capital Allocation Evaluation
- Develop and maintain frameworks for evaluating risk-adjusted return on capital across investment strategies, reinsurance structures, and new business opportunities
- Translate investment strategy and market complexity into capital-efficient recommendations for senior leadership and the capital allocation governance process
- Partner with actuarial, treasury, and finance to synthesize investment, reinsurance, and regulatory inputs into unified capital deployment recommendations
Reinsurance Transaction Support
- Lead capital evaluation of proposed reinsurance transactions
- Conduct capital impact modeling on new reinsurance transaction and affirm desired outcome achieved following implementation
Process Enhancements
- Identify opportunities to enhance Capital Management processes, reporting capabilities, and operating effectiveness through improved tools and analytics.
- Identify opportunities to leverage automation, data, and emerging analytical technologies to improve Capital Management effectiveness
- Ad hoc requests
Knowledge, Skills & Abilities
- Deep knowledge of fixed income markets, structured credit and insurance general account investment strategy.
- Working knowledge of reinsurance structures and regulatory capital frameworks.
- Strong communication, organization and interpersonal skills are necessary to establish and maintain effective working relationships with others.
- Strong intuitive, analytical, quantitative, and financial modeling capabilities.
- Ability to handle multiple complex tasks and prioritize in a fast-paced environment.
- Ability to direct a multi-departmental team toward a common goal
- Expertise to improve processes and utilize technology to make procedures and processes more efficient.
- Excellent Excel and Microsoft Office skills
Minimum Qualifications
Education Level
Bachelor’s Degree
- Bachelor’s degree in Accounting, Finance, Actuarial, Business, or related field
Years of Experience
5+ year of relevant experience
5+ years professional finance including capital management
3+ years of investment related experience
Preferred Qualifications
Education Level
- MBA, CPA, or CFA strongly preferred
Years of Experience
- Experience evaluating or structuring complex investment transactions (private placements, structured credit, alternative assets) required; direct experience with reinsurance transactions or capital modeling is a plus but not required
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Additional Information
Work Environments
F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you’ll work with your leader to decide what works best for your role.
F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact [email protected].
Join our employee-centric hybrid work environment: F&G Careers
About F&G
Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events.
As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.
1 Top Workplaces USA 2022 – 2023
2 Des Moines Register Top Workplaces 2018 – 2022
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