Investment Operations Director - CIGNA - Hybrid

This is a HYBRID position that requires on-site presence at times in our Bloomfield, CT location.

Only local applicants will be considered.

POSITION SUMMARY

Our Corporate Owned Life Insurance (COLI) organization is looking for a Investment Operations Director to lead all Investment Product Management activities for $3B of assets under management including 11 separate accounts and ~50 funds.

Primary business contact with external investment managers, guarantors, custodians and providers of financial futures and derivatives, representing ~40 different asset classes.

Oversee COLI product management including market analysis, business analytics, product enhancements and implementation, new sales quotes, policy administration technology development and support, and all custody/pricing/trading functions.

ESSENTIAL FUNCTIONS



* Develops and maintains investment offerings to attract new and retain existing client assets.

Creates strategic positioning of investment options within COLI products based on knowledge of client funding objectives, capital market conditions and product/portfolio structuring alternatives.

Implements changes to investment platform through compliance/regulatory actions, investment management/participation agreements, client/broker communications, accounting, treasury and COLI administration.


* Collaborates with due diligence team on development and application of manager evaluation and analysis of peer group performance and portfolio characteristics.

Actively participate in manager monitoring and selection/de-selection process through COLI Investment Committee.


* Negotiates and executes all third-party investment management agreements, participation agreements, and service agreements.

Enforces ongoing compliance with investment guidelines and other terms in the agreements.

Coordinates with internal partners on applicable stable value wrap agreement matters.


* Oversees all investment related external communications and reporting including monthly, quarterly or semi-annual performance and due diligence reports to clients, prospects, regulators, and internal constituents.


* Initiates and/or oversees interactions with state regulatory authorities on investment matters.


* Coordinates client meetings and presents investment related matters and performance results at client meetings.


* Establishes and maintains relationships with brokers, clients, asset managers and vendors.

Oversees internal market update reviews and gathers market intelligence for consideration.


* Oversee policy administration technology maintenance and support.

Manage updates to the policy administration technology for all product enhancements.


* Collaborate with COLI Finance and COLI Illustration Manager in developing new sales quotes and new product development.


* Responsible for overall custody relationships and account management.


* Responsible for outside services budget for technology and custody and r...