Remote

Sr. Managing Director, Head of CLO, High Yield & Bank Loan Management - Hybrid

Symetra
life insurance, paid holidays, 401(k)
United States
Jan 21, 2026
About the Role SIM isseekingtoonboard aHead ofCLO,High Yield and Bank Loan Management. This individualwill haveultimateresponsibility for management of SIM'sCLO,HighYield andBankLoanteamandallrelatedclientportfolios. Theteamcurrently consists of anexperienced, dedicated, and high-performinggroupofbelow-investment-grade creditanalystsand tradersthatsupport initial underwritingand portfolio construction,theongoing monitoring ofportfoliocreditsand other issuers,the development and maintenance ofstrongdealer relationships,andthe activesourcingof portfolioopportunities acrossboth high yield and bank loansthrough newissueand secondary market trading. The team currently managesapproximately$2.4billionofconsolidatedexposure, consisting of: SIM's inaugural CLO (Symetra 2025-1); Below-investment-grade sleeves of theaffiliated general accountportfolios of Symetra Life Insurance Company andaffiliates; ABank Loanmandate on behalf of SIM's ultimate parent company, SumitomoLife. In addition tothe ongoing prudentmanagement of the existing high yield and bank loan portfolios, theexpansion of SIM's CLO management business is a critical priority.SIM hasprocureda substantialequitycapitalcommitmentto drivesuccessiveCLO issuance over the ensuing years, focusing on building scaleas well asa reputation for recurring and reliable investment results,and correspondingly,increasinglybroadinvestor recognitionand a wider investment basethat will compound futuregrowth and revenue.SIM's CLO management business is akey strategic initiative with enterprise-level support; it willbe built upon an established foundation with respect to human capital, technology,andin-force institutional knowledge and relationships. This endeavor will also be supported byharnessingsynergisticcapabilitiesfromSIM'sCLO tranche investing team,whereits$9bn+ AUM makes itasubstantial market participant with well-developed relationships and substantial productexpertise. Finally,over time, SIM should have the potential opportunity to buildother third-party revenue channels throughthe High Yield and Bank Loanteam, including separately managed accounts("SMA"). This is an unusually attractive opportunity to lead ahighly experienced and sophisticated team withsubstantialcurrent AUM,significantexpansionopportunities,an established legal/compliance/technology infrastructure,and strong institutional sponsorship, all within the framework of aseasoned,scaledasset managerthat is owned by a stable,highly-ratedinsurance carrierwith many decades of operating history. *This is a hybrid work role based in Farmington Connecticut.* Company Overview Symetra Investment Management ("SIM") is a registered investment advisor and a subsidiary of Symetra Financial Corporation ("Symetra"), which also serves as the holding company for Symetra Life Insurance Company ("SLIC"), an A-rated carrier with over$50 billionin assets. Symetra Life Insurance Company is a diversified insurer offering(i)life insurance,(ii)fixed, fixed-indexed and registered-indexed annuities, and(iii)group stop loss, life and disability, and fixed indemnity products.In turn,Symetra is a wholly owned subsidiary of Sumitomo Life, one of the top four life insurers in Japan, with over$250 billionin assets. SIM has a long-termtrack recordof success in managing the assets of Symetra and its insurance subsidiaries. In addition, SIM invests in the U.S. markets for SumitomoLife,as well as for a small number of3^rd-party accounts,bringing its total AUM toover$80billion. What you will do Execute on SIM's strategic plan to grow its CLO management business by overseeing all aspects of CLO management and issuance. This includes: Work across all relevant SIM areas (high yield and bank loan team, CLO tranche investing team, insurance portfolio management team,operations team,legal and compliance team, business development team)to effectuate the business plan while maintainingthe highest level of collaboration, communication, and professionals Select and work with all necessary external constituencies (chosen arrangers, warehouse providers, vendors,outside investors,dealers, ratings agencies, trustees, etc.), andrepresent SIMto such constituenciesprofessionally, responsively, ethically, and with the highest standard of care,at all times Maximize long-termvalue for both the affiliated insurance companies as well as external clients by sourcing, underwriting, andacquiringpositions aligned with client objectives and utilizing fundamental credit analysis, disciplinedportfolio construction, and ongoing, opportunistic portfolio management.Enforce disciplinein the evaluation of riskand return by maintaining consistency inthe investment processesand ensuring thatsuch is applied continually toallrelated mandates.Cultivate strong client relationshipsthat engender trust with the team as well as with SIMmore broadly. Provide superior oversight, recommendations, and decision-making with respect to cultivating maximum value fromhigher-risk or deteriorated credits.Provide commentary and/or recovery analysis on such creditsto satisfy client inquiries,other-than-temporary impairment ("OTTI") evaluationneedsor other requirements. Support SIM's futureadditionalpotential efforts to commercialize its offerings(e.g.SMA)in the High Yield and Bank Loan spaceas dictated by business conditions,SIM/enterprisegoals, and opportunities.Workcollaboratively acrossother teamsatSIM to enhance breadth and quality of analysis, idea generation,and cooperationleading to enhanced collective success. What we offer you We don't take a "one-size-fits-all" approach when it comes to our employees. Our programs are designed to make your life better both at work and at home. Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6% Self-Managed Time Away along with paid holidays Give back to your community and double your impact through our company matching Want more details? Check out Symetra Benefits Overview Who you are 15-20+ yearsofoverall experience in an institutionalfixed-income oriented, front office rolefocused on research, trading, and/or portfolio management with respect to below-investment-grade exposure, with a focus on long-term, disciplined, and fundamental investmentstrategies. BA. or B.S.degree infinance, business,or related field, or in a quantitative discipline such asMathematics, Statistics, or engineering.Advanceddegree isa plus.CFA designation. Experiencemustincludesubstantialactive management ofbank loancollateral poolsfor CLOsas well as the relationships and experience necessary to successfully raise 3^rdparty CLO equity prospectively. Must possess a sound and demonstrable understanding of CLO vehicles, the CLO management business, and how to expand a best-in-class platform Demonstrable and successfultrack recordmanaging CLOs,high yield, and bank loanstrategieswith solid performance and low defaults with well-establishedindustry relationships. Leadership, talent development, and long-range planning experience andexpertiseworthy of a position overseeing an established, high-performingteam entrusted with the management of billions of dollars ofcurrentAUMand the execution of key expansion initiatives. Experience developing,buildingandmaintaininginvestmentinfrastructure, processes and procedures that supportdesired portfolio management, trading, surveillance, and compliance needs for active high yield and bank loan portfolios. A "get it done" work ethic that supports the completion of tasks within specifiedtimeframes, and the ability to adjust to shifting priorities as business conditionswarrant, understanding that the work requirements of the position will sometimes embed inflexible deadlines. Preferred Experience: Experience in an insurance company or insurance-owned asset manager, or in a portfolio management role managing insurance company portfolios. Experience managing CLOs and experience managing both buy-and-maintain-as well astotal-return-oriented portfolios. We empower inclusion At Symetra, we aspire to be the most inclusive insurance company in the country. We're building a place where every employee feels valued, respected, and has opportunities to contribute. Inclusion is about recognizing our assumptions, considering multiple perspective, and removing barriers. We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts here. Creating a world where more people have access to financial freedom Symetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. In our daily work, we're guided by the principles of Value, Transparency and Sustainability. This means we provide products and services people need at a competitive price, we communicate clearly and openly so people understand what they're buying, and we design products--and operate our company--to stand the test of time. We're committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI). Join our team and help us create a world where more people have access to financial freedom. For more information about our careers visit: https://symetra.eightfold.ai/careers Compensation Salary Range: Min $300,000 - Max $375,000 plus eligibility for annual bonus program and long-term incentives. Work Authorization Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment with our company. Please review Symetra's Remote Network Minimum Requirements: As a remote-first organization committed to providing a positive experience for both employees and customers, Symetra has the following standards for employees' internet connection: Minimum Internet Speed:100 Mbps download and 20 Mbps upload, in alignment with the FCC's definition of "broadband." Internet Type:Fiber, Cable (e.g., Comcast, Spectrum), or DSL. Not Permissible:Satellite (e.g., Starlink), cellular broadband (hotspot or otherwise), any other wireless technology, or wired dial-up. When applying to jobs at Symetra you'll be asked to test your internet speed and confirm that your internet connection meets or exceeds Symetra's standard as outlined above. Identity Verification Symetra is committed to fair and secure hiring practices. For all roles, candidates will be required (after the initial phone screen) to be on video for all interviews. Symetra will take affirmative steps at key points in the process to verify that a candidate is not seeking employment fraudulently, e.g. through use of a false identity. Failure to comply with verification procedures may result in: Disqualification from the recruitment process Withdrawal of a job offer Termination of employment and other criminal and/or civil remedies, if fraud is discovered #LI-Hybrid