Factory Mutual Insurance Company

Senior Director - External Investment Management - Private Credit

Factory Mutual Insurance Company$150K — $200K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • BA or BS required; MBA, CFA, CAIA or related advanced degree preferred
  • 8+ years of relevant experience in investments or financial risk management
  • Experience across global financial markets and various asset classes
  • Strong knowledge of financial markets, investments and risk analysis
  • Excellent interpersonal, communication, and collaboration skills
  • Proficient in Bloomberg, FactSet, and other investment systems
  • Strong mentoring skills with proven problem-solving and negotiation abilities

Responsibilities

  • Identify and source private credit investment opportunities
  • Collaborate on portfolio construction and asset allocation strategies
  • Support risk and performance analytics for private credit investments
  • Conduct due diligence and research on new and existing investment managers
  • Build relationships with investment partners and intermediaries
  • Monitor portfolio performance and suggest optimization actions
  • Participate in research projects relevant to the private credit landscape

Benefits

  • Eligibility to participate in a comprehensive Total Rewards program
  • Incentive plan participation
  • Generous health and well-being programs
  • 401(k) and pension plan offerings
  • Career development opportunities and tuition reimbursement
  • Flexible work arrangements and ample time off allowances
Full Job Description
This is a mid to senior level role, working closely with VP, Private Alternative Investments and collaborating with colleagues, including other mid to senior level Investments staff, especially with Fixed Income, Asset Allocation, and Investment Operations. The primary focus of the incumbent will be on private credit investments with our external investment management partners. This role will also collaborate in helping manage broad and/or specific aspects of portfolio construction related to the external mandates in private credit. Responsibilities will also include relevant collaboration on risk and performance analytics across private credit markets, allocation within a diversified institutional portfolio. The incumbent will also be supporting economic and financial markets-related projects and initiatives related to the private credit landscape, to help inform portfolio construction and related asset allocation strategy considerations. The role's primary focus will be private credit investments managed by our external investment management partners as well as co-investments and direct investments. This role will help identify and source private credit opportunities through investment managers, sponsor relationships, other intermediaries, and direct channels. The role is expected to be very proficient with concepts relevant to private credit including financial modeling, valuations, transaction terms and covenants, project finance, related credit agreements and capital structure analysis. Experience with concepts related to NAIC model, regulatory capital, statutory accounting, schedule mappings and rating agencies is preferred. The externally managed private credit portfolio has investments across a very wide range of styles and strategies, across investment grade, higher yielding and other opportunistic investments including, but not limited to, asset backed, direct lending, distressed, special situations strategies. Success in this role will depend on prudently delivering on key aspects of helping build an optimal portfolio in the private credit space, with a good understanding of the fit within the total portfolio. Therefore, while private markets will be the primary focus of this role, a reasonable understanding of the broader investment landscape, liquidity considerations, and in general, private markets investing would be key to succeeding in this role. Related experience in diligencing, and collaborating to help construct portfolios with private markets investment products with a strong understanding of the objectives of the overall investment process would be extremely helpful for the individual's success in the role. The role will be play an important part in the performance across private credit investments, and serve as an interface for the investment team with the external investment managers, sponsors and intermediaries. This includes researching new investments, new and existing manager diligence and underwriting, allocation or reallocation decisions, communication to and from investment managers, monitoring performance and risk of the portfolio. The role will also bring in best practices, macro-economic and market outlook intelligence from the private credits landscape for the benefit of the broader portfolio. The role will closely work with investment operations, legal, tax and other support functions as helpful, to ensure seamless management of the private credit portfolio. To summarize, the incumbent will play a key role, directly or indirectly influencing:  Externally managed private credit portfolio construction  Work with portfolio management leadership and CIO to build and develop strategy  Work with Asset Allocation team to help define focus areas for strategy selection, manager diligence  Monitor current portfolio and strategies to determine if they are designed optimally  External Manager, General Partner (GP) diligence, selection and underwriting and monitoring  Build, maintain relationships with existing, new investment management partners, sponsors and intermediaries  Have periodic portfolio review meetings, calls to stay updated on performance and it's drivers, risk, views and positioning  Explain drivers of performance to FM Investments leadership  Collaborate to recommend portfolio actions  Collaborate and guide on corporate strategic investments, co-investments and portfolio companies related investments  Collaborate with performance analytics for better return and attribution reporting  Collaborate on portfolio construction, investments monitoring, and risk management across asset classes within the overall total portfolio construction framework  Share insights from private credit markets relevant to the total portfolio  Work closely with senior investments leads on periodic, ad-hoc, and special research projects Qualifications  BA or BS required; MBA, CFA, CAIA or other advanced degree related to investments, economics, finance, or quantitative analysis preferred  8+ years of relevant experience in investments, financial markets and/or financial risk management  8+ years of global financial market experience across asset classes  Global financial markets, investments, risk management and economics related experience across asset classes, and risk and quantitative analysis  Broad knowledge in the financial markets and investments across asset classes  Strong inter-personal, communication, presentation, analytical and collaboration skills  Experience collaborating with other internal stakeholders and partners - investment accounting, legal, tax and other departments  Ability to operate as an effective tactical as well as strategic thinker with flexibility to adapt to and positively influence new processes/infrastructure  Strong mentoring and coaching experience with excellent judgement and creative problem-solving skills including negotiation and conflict resolution skills  Fast learner with a strong teamwork-based mindset, and passion for financial markets, corporate finance and investment risk management  Collaborative mindset, people management skills and leadership experience required  Expert knowledge in using Bloomberg, and FactSet, similar investments systems, as well as experience to be able to apply expertise to any new investment risk management and accounting related, and order entry systems The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM's comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.

About Factory Mutual Insurance Company

Factory Mutual Insurance Company (FM Global) is a mutual insurance company that specializes in loss prevention services primarily for large corporations. FM Global insures one out of every three Fortune 1000 companies and has clients in more than 130 countries. The company was founded in 1835 and has its headquarters in De Pere, Wisconsin. FM Global offers a range of insurance products and services, including property insurance, business interruption insurance, and equipment breakdown insurance. The company also provides risk management services, such as engineering and research, to help clients prevent losses. FM Global is known for its engineering expertise and its focus on loss prevention.
Learn more about Factory Mutual Insurance Company
Size
5,500 employees
Industry
Net Income
$1.2 billion
5 Year Trend
+2%
Revenue
$6 billion

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