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 Workplace1, an Iowa Top Workplace2 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. 1Top Workplaces USA 2022 – 2023 2Des Moines Register Top Workplaces 2018 – 2022 Notice for all Applicants who are California residents under the California Privacy Rights Act. Please click here to review the policy.