SVP, Head of Investment Operations and Reporting

Job Title: SVP, Head of Investment Operations & Reporting

Working Style: Hybrid (New York)

About You and the Role:

SVP, Head of Investment Operations and Reporting will be responsible for developing and producing group and regional level management reporting as well as fulfilling operational requirements needed to support the Group CIO, Regional Portfolio Management teams, and Alternative Investment team in managing Enstar’s $20bn global investment portfolio. This role will also be responsible for driving operational excellence across the investment function and managing a 3-5 person team dedicated to investment operations and reporting.

What you will be doing:

Key Accountabilities/Deliverables

Board/Investment Committee Reporting

• Production and enhancement of investment committee materials for Enstar Group and all subsidiaries including US, Bermuda, UK, and Australia regions.

Functional Reporting

• Production and maintenance of recurring reporting deliverables including liquidity reporting, peer analysis, performance reporting, performance attribution (vs. benchmark and budget), executive management information reporting, fees and expenses reporting, compliance reporting, and forecasting.
• Transition reporting from Excel spreadsheets to PowerBI.
• Develop and maintain investment portfolio dashboards and analytics.

Data and Technology

• Monitor and maintain the Investment data warehouse system (Arcesium).
• Ensure accuracy of data being used from Clearwater, MSCI, MSCI Burgiss, Canoe, and Arcesium; perform data validation checks and reconciliations on a quarterly basis.
• Lead vendor evaluation and selection for investment-related systems on as-needed basis.

Operations

• Oversee complex operational projects, such as establishing or unwinding of new structures (e.g. ICAVs, fund-of-one vehicles, rated notes, etc) and set up or consolidation of subsidiary portfolios.
• Oversee operational implementation of new M&A deals (including cash/asset transfer coordination, price source reconciliation and asset manager/custodian connectivity).
• Oversee the cash and security transfer process, including funding of capital calls.
• Manage variation margin for all derivatives.
• Responsible for trade settlement process for all internal trades, including coordination with brokers and custodians to ensure accurate and timely settlements.
• Manage the subscription/redemption process for alternative investments, including supplying KYC/AML documentation.
• Develop and maintain operational procedures and controls documentation.

Custody Bank Management

• Manage relationships with all custodial banks for the Investment team.
• Open/close accounts as necessary, ensure all trust accounts have appropriate functionality to maximize investment flexibility.

Audit & Compliance Requests

• Coordinate responses to both internal and external audit requests.
• Own the Investments SOX control process.
• Responsible for annual asset manager surveys (operational due diligence and ESG/DEI).
• Responsible for loading investment data into internal compliance monitoring tool (Anaplan) and reporting on any breaches at the collateral trust and legal entity levels.

Investment’s Liaison with Other Departments

• Act as point of contact for other departments (Treasury, FP&A, Investment Accounting, Financial Reporting, Capital Management, Risk) as it relates to reporting requests.

What you will bring:

• 10 years of relevant experience in a senior position within investment operations and reporting
• Bachelor's Degree in Finance or Accounting
• Insurance experience strongly preferred
• Experience with alternative investments and derivatives preferred
• Familiarity with Fixed Income and Alternative asset classes
• Understanding of insurance/reinsurance reporting and regulatory requirements
• Hands-on experience or familiarity with investment accounting systems (e.g. Clearwater), analytics vendor systems (e.g. MSCI, Aladdin)
• Hands-on experience or familiarity with hedge fund and private equity capital account statements, financial statements, capital call and distribution notices, ILPA fee templates, subscription/ redemption notices, dividend statements.
• Ability to partner collaboratively with Technology, Legal, Tax, Capital Management, Treasury and other functional teams.
• Excellent Excel, PPT, Word, PowerBI and Bloomberg skills.
• Familiarity with ClearWater accounting system.
• Ability to prioritize, manage and execute on multiple projects in a high performance, collaborative environment.
• Detail-oriented approach and demonstrated track record of problem solving in a team-based, results-focused environment.
• Passion for continuously improving existing capabilities. Strong reasoning and excellent written communication skills.
• Self-starter with ability to multi-task and work effectively under a multifaceted environment with limited direct supervision.
• Demonstrates very strong presentation skills.
• Ability to proactively identify and solve complex problems.
• Uses ground-breaking methods to think beyond existing solutions.
• Influences senior teams on complex decision making.
• Track record of building and developing high-performing teams

Who we are:

Enstar Group Limited (“Enstar” or “EGL”) is a leading global insurance group. Through our network of group companies, we help others – principally other insurance companies – release capital by taking over liability portfolios which no longer make strategic sense for them to hold. We create value by better managing these “run-off” insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio.

Enstar’s solutions allow our partners to release capital, dispose of non-core businesses and portfolios, achieve early finality on legacy insurance contracts, and manage claims volatility. In return, Enstar drives earnings through savings arising from our technical excellence and from investment earnings on the reserves we hold.

At year-end 2023 we had completed 117 transactions since 2000. Today, Enstar is the industry’s largest standalone run-off consolidator. With around 800 global employees, our network of group companies has a significant physical presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia.

Enstar maintains a strong balance sheet. We hold long-term issuer ratings of BBB with stable outlook by S&P and Fitch. Enstar’s capital base continues to grow, reaching $7.4 billion at the end of 2023, including $5.6 billion of shareholders’ equity and total debt of $1.8 billion. A market leader in the run-off space, Enstar leverages its expertise in claims management, risk analysis, and investments to generate value. These services make Enstar different, something unique.

For further information about us, visit www.enstargroup.com.

Your Benefits:

• Enstar offers best-in-class bundled Medical, Dental, and Vision healthcare for single and family coverage.
• Board-certified doctors and pediatricians are available virtually 24/7 for urgent care.
• Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).
• Access to Dependent Care FSA to cover daycare expenses.
• Access to Employee Assistance Programs (EAP) for health and well-being.
• Optional Pet & Home/Auto Insurance.
• Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses, i.e., gym memberships, massage, etc.).
• 401K retirement plant (company matches up to 6% of employee contribution).
• One paid annual volunteer day.

General Info

The target base salary pay range for this role is $203,600- $249,400

*Target full-time equivalent base salary range is based on relevant market data. The actual salary offered will depend on applicable market data for hiring location and relevant candidate knowledge, skills/experience. This salary range is not inclusive of applicable discretionary incentives.

Equal Opportunities at Enstar:

Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We’re an equal-opportunity employer and believe that our diversity creates an authentic working culture. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy, and carer status, race (including color, nationality, and ethnic or national origin), religion or belief, sex, and sexual orientation. Enstar is committed to providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.