Securian Asset Management is seeking a seasoned investment professional to lead the development and management of our Bank Loan platform within a large institutional insurance general account.
This role offers a unique opportunity to build a high-quality, scalable leveraged loan capability designed to support long-duration liabilities, optimize statutory capital efficiency, and deliver consistent, risk-adjusted returns across market cycles.
As Head of Bank Loans, you will play a critical role in shaping portfolio strategy, enhancing asset-liability alignment, and contributing to the long-term strength of the firm’s balance sheet.
Key Responsibilities
General Account Portfolio Leadership
- Manage a diversified portfolio of broadly syndicated bank loans aligned with general account objectives, including yield, capital efficiency, and liquidity
- Construct portfolios consistent with liability profiles, duration targets, and ALM considerations
- Optimize regulatory capital treatment (RBC/NAIC designations) and statutory outcomes across the portfolio
- Deliver stable, risk-adjusted performance through disciplined credit selection and active portfolio management
Strategy & Platform Development
- Establish and lead the firm’s bank loan investment strategy within an insurance framework
- Build a scalable platform including underwriting standards, portfolio construction guidelines, and risk controls
- Partner across Investment, Risk, Actuarial, and Finance teams to ensure integration with enterprise balance sheet strategy
- Support the evolution of the platform toward CLO participation and broader structured credit capabilities
Credit Underwriting & Risk Management
- Lead fundamental credit analysis, including financial modeling, covenant review, and documentation assessment
- Oversee internal ratings, ongoing surveillance, and sector concentration management
- Ensure disciplined risk management aligned with insurance regulatory requirements and internal investment policies
- Lead stress testing, scenario analysis, and downside risk assessments in partnership with enterprise risk teams
Governance & Regulatory Alignment
- Establish investment policies, credit guidelines, and governance frameworks appropriate for an insurance general account
- Ensure compliance with statutory accounting, valuation standards, and regulatory reporting requirements
- Partner with Legal and Compliance on documentation standards, trading protocols, and counterparty frameworks
- Provide regular reporting and insights to the CIO, Investment Committee, and senior leadership
Infrastructure & Operational Oversight
- Oversee development of operational capabilities including loan settlement, administration, and servicing
- Ensure audit-ready processes, robust valuation methodologies, and strong internal controls
- Evaluate and manage external service providers, systems, and data platforms supporting loan investments
Market Engagement
- Maintain strong relationships with bank loan arrangers, syndicate desks, and trading counterparties
- Monitor market conditions, credit trends, and macroeconomic factors impacting portfolio performance
- Represent the firm in lender groups and industry engagements
Qualifications
- 15+ years of experience in leveraged finance, bank loan investing, or institutional credit portfolio management
- Demonstrated experience managing portfolios within an insurance company or insurance-aligned investment platform strongly preferred
- Proven ability to build or scale investment strategies or platforms
- Deep understanding of insurance balance sheet management, statutory accounting, and capital frameworks (RBC/NAIC) preferred
- Strong track record investing across credit cycles with a focus on downside protection and capital preservation
- Advanced degree or professional designation (MBA, CFA, or equivalent) preferred
Leadership Profile
- Long-term, balance sheet-oriented investor mindset
- Strong risk discipline with a focus on capital preservation and consistency of returns
- Collaborative approach with experience working across actuarial, risk, and finance functions
- Ability to operate effectively within a regulated environment with multiple stakeholders
- Executive presence with strong communication skills for senior leadership and board-level engagement
*Internal Securian Financial job title for this position is Portfolio Management Director
Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. This position requires you to live within a commutable distance (90 minutes) of our Home Office in St. Paul, MN. You’ll join us 3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.
The estimated base pay range for this job is:
$172,700.00 - $358,600.00
Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.
Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job – it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:
Paid time off:
We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what’s important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.
Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
Holidays: Securian provides nine company paid holidays.
Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.
Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.
Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.
Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:
Mental Wellness and Disability
Pride at Securian Financial
Securian Young Professionals Network
Securian Multicultural Network
Securian Women and Allies Network
Servicemember Associate Resource Group
For more information regarding Securian’s benefits, please review our Benefits page.
This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.
Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at Employment@Securian.com, by telephone 651-655-5522 (voice), or 711 (Relay/TTY).
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