About the position
The Private Equity Subject Matter Expert (SME) at AIG will play a crucial role in supporting the Chief Investment Officer (CIO) team in managing the Private Equity Portfolio. This position involves a comprehensive evaluation of external managers, tactical asset decisions, and investment guideline recommendations, all while setting the strategic asset allocation for AIG. The Private Equity SME will be responsible for conducting manager due diligence, monitoring the portfolio, managing risks, and overseeing special projects related to private equity investments. This role requires collaboration with third-party managers and General Partners (GPs) across various fund strategies, including leveraged buyouts, growth equity, venture capital, mezzanine financing, real assets, and distressed assets. Additionally, the SME will oversee Direct Equity and Co-Invest portfolios, ensuring effective management and strategic alignment with AIG's investment goals. The primary responsibilities of the Private Equity SME include overseeing all investment activities within designated asset classes, advising the CIO team on allocation levels in response to market conditions and risk appetite, and coordinating risk management and reporting with external managers. The SME will also be the main point of contact for external managers, developing regular reporting processes and summarizing findings for AIG's Regional and Global CIOs. Establishing performance benchmarks, producing materials for various governing committees, and assisting in manager selection are also key aspects of this role. The SME will utilize AIG's platforms, such as Aladdin's eFront, to aggregate data and perform internal analyses, attend industry conferences, and conduct special projects that analyze private equity holdings, portfolio exposures, and investment strategies.
Responsibilities
- Oversee all investment activity in designated asset classes.
- Advise the CIO team on current and future allocation levels based on market conditions and risk appetite.
- Liaise with external managers to coordinate risk management and reporting.
- Collaborate with AIG CIOs and third-party investment managers to evaluate the portfolio.
- Evaluate any bespoke private equity transactions presented to AIG.
- Manage relationships with external managers to drive effectiveness.
- Develop regular reporting and meeting processes with external managers.
- Summarize reporting for AIG Regional and Global CIOs.
- Establish and maintain performance benchmarks as needed.
- Produce materials for AIG governing committees and senior management.
- Assist in manager selection and establish oversight processes.
- Develop and maintain AIG Asset Class Frameworks.
- Utilize AIG platforms for data aggregation and internal analysis.
- Attend AGMs and industry conferences as appropriate.
- Coordinate with external managers for scheduled reporting dates.
- Conduct special projects related to private equity holdings and investment strategies.
Requirements
- 10+ years of experience in investment management or insurance asset management, focusing on Private Equity investments.
- Exceptional communication skills, both written and oral, with the ability to introduce new ideas into the internal investment process.
- MBA or CFA preferred.
- Experience in third-party manager oversight and vetting managers or GPs.
- Familiarity with eFront preferred, but not required.
- Strong analytical, quantitative, and critical reasoning skills.
- Attention to detail and ability to manage multiple tasks and changing priorities.
Nice-to-haves
- Experience with private equity fund strategies including leveraged buyouts, growth, venture capital, mezzanine, real assets, and distressed investments.
- Familiarity with risk management processes in investment management.
Benefits
- Comprehensive health insurance coverage.
- 401(k) retirement savings plan.
- Performance-based bonuses.
- Professional development opportunities.
- Flexible work arrangements.
- Diversity and inclusion programs.
- Employee Resource Groups (ERGs) for cultural awareness and support.
