Head of Portfolio Management, Insurance Solutions - Managing Director
Blue Owl · United States · $300,000 (stated in the posting)
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.
With over $319 billion in assets under management as of June 30, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.
Together with over 1,380 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com
This role is in office Monday to Thursday.
The Role
Blue Owl Insurance Solutions (BOIS) is Blue Owl's insurance-focused asset management business, partnering with insurance companies to deliver customized investment solutions across private credit, asset-based finance, real estate, and other alternative asset classes. BOIS leverages Blue Owl's global platform, origination capabilities, and investment expertise to help insurers achieve their return, capital, and liability management objectives. As of June 30, 2026, BOIS serves nearly 100 insurance clients and manages more than $30 billion of insurance-related assets.
Blue Owl is seeking a Head of Portfolio Management, Insurance Solutions, to lead the construction, oversight, and management of insurance client portfolios across the BOIS platform. Reporting to the CIO, Insurance Solutions, this individual will be responsible for portfolio strategy, asset allocation, investment implementation, mandate governance, and portfolio performance across all insurance separately managed accounts and related investment vehicles.
The Head of Portfolio Management will serve as the senior investment professional responsible for translating client objectives into actionable portfolio solutions while ensuring alignment with regulatory, capital, accounting, liquidity, and liability-management considerations. This individual will work closely with Blue Owl's investment teams across Credit, Asset-Based Finance, GP Strategic Capital, Real Assets, and other investment platforms to source and deploy capital into investments that meet insurer-specific objectives. The role requires deep expertise in insurance investment management, portfolio construction, capital optimization, and institutional client engagement.
As BOIS continues to scale, the Head of Portfolio Management will build and lead a high-performing portfolio management team, develop investment processes and portfolio governance frameworks, and serve as a trusted advisor to insurance clients and senior management.
Responsibilities
Portfolio Management and Oversight
- Lead day-to-day portfolio management activities across all insurance mandates, ensuring portfolios remain aligned with client investment objectives and constraints.
- Manage investment pipelines and asset allocation across mandates to ensure efficient deployment of client capital.
- Lead portfolio construction and asset allocation strategy across all insurance mandates, balancing client return objectives, capital efficiency, liability profiles, liquidity requirements, and risk tolerances.
- Develop portfolio implementation strategies utilizing Blue Owl's investment capabilities across private credit, asset-based finance, real estate, GP Strategic Capital, and other alternative asset classes.
- Oversee portfolio positioning decisions including duration management, sector allocation, rating allocation, liquidity management, and diversification objectives.
- Evaluate new investment strategies and product opportunities for relevance within insurance portfolios.
- Partner with product development and investment teams to design investment solutions addressing evolving insurance client needs.
Client Relationship Management
- Serve as the primary investment representative for BOIS in interactions with insurance clients and key stakeholders.
- Present portfolio strategy, performance results, market views, and investment recommendations to senior client audiences, including CIOs, CFOs, Chief Risk Officers, and investment committees.
- Lead quarterly and annual portfolio reviews with clients, providing deployment updates, portfolio statistics, and capacity updates.
- Partner with client coverage teams to deepen existing relationships and identify opportunities for additional mandates and services.
- Support due diligence meetings, portfolio reviews, and client reporting discussions.
Partnership with Blue Owl Investment Platforms
- Provide guidance to investment teams regarding insurance portfolio requirements, capital considerations, accounting treatment, and investment structures.
- Participate in investment committees and portfolio allocation discussions across relevant investment strategies.
- Ensure efficient communication between portfolio management and investment origination teams regarding portfolio demand, capital availability, and investment priorities.
- Develop scalable processes for introducing new investment capabilities into insurance portfolios.
Insurance Investment Expertise and Capital Optimization
- Partner with structuring and origination teams to evaluate new investment opportunities through an insurance lens, including accounting treatment, capital implications, and portfolio fit.
- Maintain deep knowledge of developments across insurance regulation, accounting standards, rating agency methodologies, and market practices.
- Provide portfolio-level insights on capital efficiency, liquidity, earnings generation, and overall balance sheet impact.
Mandate Governance and Investment Guidelines
- Lead the design, negotiation, and implementation of investment guidelines for new and existing clients.
- Establish processes governing pre-trade and post-trade compliance, exception management, concentration monitoring, and guideline interpretation.
- Ensure portfolio activity remains consistent with client mandates, regulatory requirements, and fiduciary obligations.
- Partner with Compliance, Risk Management, and Legal to maintain robust governance and oversight processes.
Business Development and Strategic Growth
- Partner with Institutional Capital and client coverage teams on new business opportunities and mandate pursuits.
- Contribute to RFP responses, due diligence materials, portfolio proposals, asset allocation studies, and prospective client presentations.
- Support the development of new insurance investment products and portfolio solutions.
- Help establish BOIS as a leading provider of investment solutions to insurance companies globally.
Leadership and Team Development
- Build, lead, and develop a top-tier portfolio management organization focused on insurance solutions.
- Establish team structure, responsibilities, career development pathways, and performance expectations.
- Mentor portfolio managers and analysts while fostering a culture of investment excellence, accountability, and collaboration.
- Drive continuous improvement across portfolio management processes, systems, and analytics capabilities.
- Partner with Human Capital on recruiting, talent development, succession planning, and organizational growth.
Qualifications
- Bachelor's degree in Finance, Economics, Accounting, Mathematics, Engineering, or a related field. MBA, CFA, FSA, or other advanced professional designation preferred.
- 10+ years of portfolio management, insurance asset management, institutional investing, or related experience.
- Significant experience managing institutional portfolios, insurance general account assets, or large-scale separately managed accounts.
- Deep understanding of insurance company investment portfolios, liability profiles, statutory accounting frameworks, and regulatory capital regimes.
- Demonstrated expertise across fixed income, private credit, structured products, asset-based finance, real estate debt, and alternative investments.
- Strong knowledge of NAIC RBC, LICAT, BMA, Solvency II, and other insurance capital frameworks.
- Proven ability to construct and manage multi-billion-dollar portfolios within complex investment guidelines and regulatory constraints.
- Experience presenting to investment committees, boards, executive management teams, consultants, and institutional clients.
- Demonstrated ability to partner effectively with origination, underwriting, risk, operations, and client-facing teams.
- Strong commercial mindset with experience supporting business development and client growth initiatives.
- Exceptional communication and relationship management skills.
- Proven track record of attracting, developing, and retaining high-performing investment professionals.
- Strong judgment, investment acumen, and ability to make decisions in a dynamic and fast-paced environment.
- Leadership presence and credibility to serve as a senior representative of Blue Owl Insurance Solutions internally and externally.
It is expected that the base annual salary range for this New York-based position will be $300,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
Benefits for this role include Health, Dental and Vision insurance, 401(k), Healthcare and Dependent Care Flexible Spending Account, Short Term Disability insurance, Long Term Disability Insurance, Family Planning Support, Paid Time Off, and Leave of Absences. All such benefits are subject to the terms/conditions of the Company’s benefits plans and policies.
Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.