Director, Capital Advisory

Job title: Director, Capital Advisory

The Director, Capital Advisory brings deep investment expertise to bear on enterprise-wide capital decisions within the life & annuity business. This role evaluates new investment opportunities, structured transactions, and asset strategies through the lens of capital efficiency and risk-adjusted return, while partnering closely with actuarial, reinsurance, and regulatory teams to ensure decisions are fully integrated into the organization's broader capital allocation strategy. Serving as a key connective point between the investment function and enterprise capital management, this individual supports senior leadership with analysis and recommendations on capital deployment, reinsurance transactions, and emerging regulatory developments — bringing an investment-first perspective to decisions that shape the company's balance sheet and long-term financial strength.

This position reports to the VP, Head of Capital Management, collaborates closely with actuarial, investment, reinsurance and regulatory teams across the organization while remaining highly hands-on with core analytical deliverables.

Duties & Responsibilities

• Capital Evaluation of Investment Opportunities

• Lead evaluation of capital related impacts to assess new asset classes, structured transactions and portfolio strategies for their capital efficiency and impact on capital

• Conduct capital impact modeling for proposed investment changes including sensitives and scenario analysis

• Develop analytical frameworks and decision support that enable consistent comparison of investment opportunities on capital consumption, return, risk and liquidity

• Regulatory

• Monitor and interpret regulatory developments affecting Risk Based Capital (RBC)

• Translate regulatory change into capital impact analysis for leadership, distinguishing between statutory, rating agency, and internal economic capital effects

• Partner with regulatory affairs, actuarial, and legal teams to assess implications of proposed or finalized rule changes

• Identify emerging changes in capital frameworks, investment treatments and industry practices that may create capital optimization opportunities or risks for F&G

• Strategic Analysis & Capital Allocation Evaluation

• Develop and maintain frameworks for evaluating risk-adjusted return on capital across investment strategies, reinsurance structures, and new business opportunities

• Translate investment strategy and market complexity into capital-efficient recommendations for senior leadership and the capital allocation governance process

• Partner with actuarial, treasury, and finance to synthesize investment, reinsurance, and regulatory inputs into unified capital deployment recommendations

• Reinsurance Transaction Support

• Lead capital evaluation of proposed reinsurance transactions

• Conduct capital impact modeling on new reinsurance transaction and affirm desired outcome achieved following implementation

• Process Enhancements

• Identify opportunities to enhance Capital Management processes, reporting capabilities, and operating effectiveness through improved tools and analytics.

• Identify opportunities to leverage automation, data, and emerging analytical technologies to improve Capital Management effectiveness

• Ad hoc requests

Knowledge, Skills & Abilities

• Deep knowledge of fixed income markets, structured credit and insurance general account investment strategy.

• Working knowledge of reinsurance structures and regulatory capital frameworks.

• Strong communication, organization and interpersonal skills are necessary to establish and maintain effective working relationships with others.

• Strong intuitive, analytical, quantitative, and financial modeling capabilities.

• Ability to handle multiple complex tasks and prioritize in a fast-paced environment.

• Ability to direct a multi-departmental team toward a common goal

• Expertise to improve processes and utilize technology to make procedures and processes more efficient.

• Excellent Excel and Microsoft Office skills

Minimum Qualifications

Education Level

Bachelor's Degree

• Bachelor’s degree in Accounting, Finance, Actuarial, Business, or related field

Years of Experience

5+ year of relevant experience

5+ years professional finance including capital management

3+ years of investment related experience

Preferred Qualifications

Education Level

• MBA, CPA, or CFA strongly preferred

Years of Experience

• Experience evaluating or structuring complex investment transactions (private placements, structured credit, alternative assets) required; direct experience with reinsurance transactions or capital modeling is a plus but not required

IND-HP

LI-MK1

LI-Remote

Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact [email protected].

Join our employee-centric hybrid work environment: F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events.

As a national Top Workplace, an Iowa Top Workplace and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.