Director, ALM and Investment Oversight
Tasks and Expected Contributions/Results:
Lead investment oversight of the China insurance JV and AMC. Relying on deep and practical knowledge of the China investment market and insurance asset management practices, advise International Health (IH) Global Office, Cigna Investment Management (CIM) and Cigna corporate stakeholders on China investment markets, insurer practices, asset classes and specific assets
Work with the JV management team using a balanced and practical approach to apply investment management best practices and risk-return objectives in the context of the China investment markets to meet liability requirements, improve asset-liability management and optimize long-term return. Set guidance and expectations with JV/AMC with Cigna’s investment and ALM principles and discipline, eg, to guide the JV/AMC in development and regular update of investment strategies for each asset class
Advise JV in the management of their asset manager, the AMC, and in development of an effective investment oversight framework
Support Cigna’s board representatives of the AMC by reviewing AMC board materials in partnership with other supporting functions
Regularly conduct deep dives to assess China portfolio investment opportunities and risks at geographic, industry, asset type or instrument levels
Provide CIM insights on the JV’s investments (including AMC’s performance on the entrusted investments) as well as China market, provide regular reporting and ad hoc update as necessary
Partner with CIM to involve on quarterly CECL review and ongoing credit risk review through monitoring watchlist update; execute special review on troubled assets
Stay on top of relevant market trends and identify investment opportunities and risks
Monitor key balance sheet and asset-liability risk indicators relevant to investment oversight
Support strategic asset allocation reviews and assessment of portfolio positioning against liability characteristics and capital objectives
Assess emerging market, regulatory and financial risks that could impact the effectiveness of the JV's investment and balance sheet strategies
Experience/Knowledge Requirements:
Minimum of 10 years’ experience overseeing the investments of an insurance asset portfolio as well as Asset Management Company; ALM experience is a plus
Professional designation in Actuarial or Investment, such as FSA or equivalent and/or CFA required.
Degree holder in finance, actuarial science, statistics or other degree of relevance
Familiarity with designing appropriate ALM and asset investment strategies to back insurance liabilities and capital. Experience with designing appropriate reporting and control frameworks to assess the asset liability management of these portfolios is a plus
In depth knowledge of the business drivers, processes and operating model of AMCs in China
Exhibit leadership skills to recommend constructive change and obtain management buy-in
Self-starter who is able to work successfully, proactively and independently, manage competing priorities and be flexible in roles and responsibilities
Strong ability to perform well and be unfailingly diplomatic in a high pressure and complex environment
Strong influencing and negotiating skills
Proven analytical, planning, and organizing skills
Excellent written and spoken English and Mandarin
Experience in health insurance will be an asset
About The Cigna Group
Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.