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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Walnut Creek, California

Salary: $200K - $250K

CSAA Insurance Group (CSAA IG), a AAA insurer, is one of the top personal lines property and casualty insurance groups in the U.S. Our employees proudly live our core beliefs and fulfill our enduring purpose to help members prevent, prepare for and recover from life’s uncertainties, and we’re proud of the culture we create together. As we commit to progress over perfection, we recognize that every day is an opportunity to be innovative and adaptable. At CSAA IG, we hire good people for a brighter tomorrow. We are actively hiring for an Investment Portfolio Manager! Join us and support CSAA IG in achieving our goals.

Your Role

The Portfolio Manager will be a key member of the investment team that is responsible for all aspects of $8.5+ billion in investments across 3 portfolios an insurance general account, a defined benefit pension, and a defined contribution plan. The investment team is responsible for developing and implementing investment strategies that balance the risk/total return/income of each portfolio with each entity’s business needs and the current economic environment. The team works closely with many internal partners in different departments to support the company’s income and risk management objectives, as well as multiple industry partners and external asset managers in various asset classes fixed income, global equity, real estate, private assets, hedge funds and others.

We are looking for someone with outstanding analytical, communication and advocacy skills. You have a willingness to innovate and challenge conventional thinking while demonstrating independent, critical thinking, intellectual curiosity, knowledge of investment, risk management and portfolio management theories. You have a strong work ethic and passion for investments, integrity, reliability and attention to detail. You can multi-task in a fast-paced dynamic environment and have the ability to work autonomously yet collaboratively as a team member. You are positive, proactive and have a can-do attitude. And don’t forget…Fun!

Your work


  • Assist VP of Investments in the design, implementation and oversight of investment strategies for CSAA’s various portfolios
  • Use quantitative and qualitative processes to monitor market conditions and make strategic and tactical asset allocation changes
  • Model and monitor investment risks in different portfolios; perform simulation analysis for asset allocation studies, including assisting with risk and return forecasts
  • Manage asset allocation studies and framework in both asset-only and asset-liability context
  • Develop and maintain investment policies, objectives and guidelines
  • Coordinate with operations team on execution, compliance, performance reporting, accounting and audit concerns
  • Monitor the performance of external investment managers with both quantitative and qualitative analyses
  • After careful due diligence, make recommendations for replacements, additions or removals of managers to the VP of Investments
  • Stay informed of current investment research and regulatory changes
  • Share and make recommendations regarding new investment ideas and trends for different asset classes
  • Prepare materials for Board, Committee and Management reviews

Required Experience, Education And Skills


  • 15+ years of direct investment experience and 3+ years in decision-making role with an institutional investor or asset management firm
  • Undergraduate degree (Master’s degree preferred)
  • Experience across asset classes, including equity, fixed income and alternatives. Direct portfolio management experience required. Direct portfolio management experience for ERISA plan assets highly desirable
  • Understanding of markets, economics and cross-asset dynamics – demonstrated ability to provide thought leadership and advocacy skill for asset allocation decisions
  • Knowledge of corporate finance theory, economics, capital markets, risk management theory, asset allocation theory, investment management theory
  • Expert knowledge in using Bloomberg, Factset or similar investment and risk management systems

What would make us excited about you?


  • MBA, CFA, CAIA or another advanced degree related to investments, economic, finance or quantitative analysis highly preferred
  • Experience in financial derivatives particularly interest rate swaps and futures highly desirable
  • Actively shapes our company culture (e.g., supporting employee resource groups, mentoring employees, volunteering, joining cross-functional projects)
  • Champions our cultural norms (e.g., willing to have cameras when it matters helping onboard new team members, building relationships, etc.)
  • Demonstrates a company ownership mindset, thinking beyond boundaries of their own area
  • Travels as needed for role, including divisional / team meetings and other in-person meetings
  • Fulfills business needs, which may include investing extra time, helping other teams, etc

CSAA IG Careers

At CSAA IG, we’re proudly devoted to protecting our customers, our employees, our communities, and the world at large. We are on a climate journey to continue to do better for our people, our business, and our planet. Taking bold action and leading by example. We are citizens for a changing world, and we continually change to meet it.

Join us if you…

  • BELIEVE in a mission focused on building a community of service, rooted in inclusion and belonging.
  • COMMIT to being there for our customers and employees.
  • CREATE a sense of purpose that serves the greater good through innovation.

Recognition We offer a total compensation package, performance bonus, 401(k) with a company match, and so much more! Read more about what we offer and what it is like to be a part of our dynamic team at https// In most cases, you will have the opportunity to choose your preferred working location from the following options when you join CSAA IG remote, hybrid, or in-person. Submit your application to be considered. We communicate via email, so check your inbox and/or your spam folder to ensure you don’t miss important updates from us. If a reasonable accommodation is needed to participate in the job application or interview process, please contact

As part of our values, we are committed to supporting inclusion and diversity at CSAA IG. We actively celebrate colleagues’ different abilities, sexual orientation, ethnicity, and gender. Everyone is welcome and supported in their development at all stages in their journey with us.

We are always recruiting, retaining, and promoting a diverse mix of colleagues who are representative of the U.S. workforce. The diversity of our team fosters a broad range of ideas and enables us to design and deliver a wide array of products to meet customers’ evolving needs.

CSAA Insurance Group is an equal opportunity employer.

The salary range for this position is $200,000-$250,000. However, we have a location-based compensation structure. Our salary ranges vary and are calculated based on county of residence. This role also includes an opportunity for a company-wide annual discretionary bonus, through our Annual Incentive Plan (AIP), of up to 15% of eligible pay. If you apply and are selected to continue in the recruiting process, we will schedule a preliminary call with you to discuss the role and will disclose during that call the available salary/hourly rate range based on your location. Factors used to determine the actual salary offered may include location, experience, or education.

Must have authorization to work indefinitely in the US.