Portfolio Manager - Public Credit

The role requires the ability to effectively collaborate with Risk / Legal / Origination / Investments / Finance to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate.

To apply knowledge and insights concerning the Management of Public Credit and how this impacts our policyholders.

To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our policyholders and shareholders on a consistent basis.

Our Company values are expected to be reflected in the delivery and performance of every role

Specific accountabilities assigned to the role of Portfolio Manager within the Public Credit Team:

• Manages the USD Corporate portfolio and investment strategy.
• Accountable for sourcing attractive investments, timely risk management of challenging credits and identifying rebalancing opportunities to maximise PIC’s long-term investment performance.
• Responsible for delivery of the roll-out of PIC’s USD Corporate in-house investment capability. This includes designing, broadening, and enhancing processes that allow us to deliver outstanding returns.
• Leads discussion amongst the investment team on market and sector themes. Analysis would include the “so-what” for PIC for any proposed theme recommendations.
• Effectively collaborates with colleagues that match assets to liabilities, analyse the companies and who transact the · investment decisions in the marketplace to ensure decisions made consider all aspects of our insurance balance sheet.
• Coordinates with our private debt colleagues to ensure efficient sharing of information to have an investment strategy that is coordinated.
• Elevates talent to develop and enhance both technical (e.g. data analysis and critical judgement) and non-technical (self-insight and relationship management) skills of Public Credit colleagues.
• Keeps informed of industry trends, market developments, regulatory changes in the public and private sectors, as well as best practices related to Public Credit by attending industry seminars, reading, and sharing relevant published articles.

Strategic Perspective

• Understand how your own efforts contribute to the bigger picture

• Recognise when you do not know something and then take the initiative to find out
• Engage in research to understand what happens outside the business.
• Align your own goals, objectives, and priorities with the PIC strategy

Business Acumen

• Seek to understand the commercial implications of your work and the work of the whole business

• Use your technical expertise and knowledge to inform your judgement and address challenges
• Understand the risk management responsibilities relevant to role and keep knowledge of relevant industry standards and regulations up-to-date
• Demonstrate an entrepreneurial way of thinking

Innovation and Change

• Look beyond established ways of doing things, coming up with new ideas and approaches or innovative solutions to problems.

• Adapt the way you work (behaviour or approach) and shift your focus in response to changes.
• Ask self and others whether you’re doing the right thing, the best way, challenging existing assumptions.
• Show innovative thinking, but ensure your ideas are backed up with the tools, data and assessments to support them

Agile Decision-Making

Articulate complex ideas and concepts in a way that makes them easy to understand

• Quickly identify and cut through to the heart of an issue or problem
• Prioritise effectively; know what the key deliverables and timeframes are, and be able to explain these to others (as well as what can’t be done)
• Takes a logical and systematic approach to analysing data and information

Execution

• Set stretching goals for yourself, identifying potential obstacles to reaching them and working to remove these
• Plan own work based on an understanding of overall team objectives and PIC priorities
• Take an organised approach, using various strategies and tools to keep track of tasks and progress, but adapt plans when circumstances change
• Strive to exceed targets/ objectives

Customer Centricity

• Understand your customers’ needs
• Question and listen to really understand customers’ needs
• Ensure information provided to customers is clear, straightforward and accurate
• Generate a range of options for resolving customer issues
• Take pride in delivering high quality work and ‘getting it right first time’

Inspirational Leadership

• Communicate with credibility and confidence in an open, clear and concise manner, adapting your style to suit the audience
• Be proactive; put a hand up and say "this is my responsibility, I can take this"
• Demonstrate pride in being a PIC employee, showing enthusiasm and commitment, building trust by being someone others can rely on
• Show resilience by remaining calm and effective under pressure, keeping difficulties in perspective: when things go wrong, step up and say so - this is how we could have done better, and this is what we WILL do better

Develop Capability

• Take personal responsibility for your own development and career, showing a growth mindset.
• Share expertise and knowledge with others to help them grow – and be willing to learn from others in return.
• Show an accurate awareness of your strengths and development needs, by inviting and listening to feedback.
• Demonstrate a growth mindset, and keep learning, understanding that things are changing all the time.

Collaboration

• Take the time to get to know others, to build positive relationships and connections
• Treat others with respect, adopting a polite and tactful manner and being non-judgemental in attitude
• Help colleagues across the business to deliver work and solve problems
• Actively consult with others; gather and listen to views to inform own approach, understanding that if we don’t consult, we get it wrong

Requirements

Knowledge

• Knowledge of the regulatory framework and how it applies to the Company.
• Strong technical knowledge of the USD Fixed Income Markets
• Expert knowledge of Bond Investing and how it applies to financial services. Understanding of how it applies to insurance companies specifically would be an advantage.
• Comprehensive ability to assess relative value, to identify and consider tail risks in order to determine what a suitable investment is for the portfolio.
• Knowledge of the regulatory framework and how it applies to the Company.

Experience

• Capable and willing to work with colleagues in other teams to make long term investment strategy recommendations
• Recognised professional qualification within relevant industry or field (CFA would be an advantage)
• Proven experience of managing Investment Grade credit portfolios and working with credit analysts
• Capable and willing to work with colleagues in other teams to make long term investment strategy recommendations