Senior Investment portfolio manager - Private Debt and Alternative investments

Senior Investment portfolio manager - Private Debt and Alternative investments

133243

As Senior Investment Portfolio Manager – Private Debt and Alternative Investments, you will join a dedicated team within the Investment Management division. You will be responsible for managing investment mandates and coordinating with the Zurich Group in the context of the Italian insurance balance sheet. Based in Milan, this position plays a pivotal role within the Italian Investment Team and requires close collaboration with the Finance, Risk Management, and Life departments in Italy, as well as with colleagues at Group level, to ensure full alignment and effective implementation of strategic investment objectives.

Scope and Purpose of the Position

This position is responsible for the management and monitoring of investments in private debt and alternative instruments, with particular emphasis on asset-liability management (ALM), solvency, and strategic asset allocation. The role must ensure compliance with all regulatory requirements and alignment with both local and group investment objectives.

• Lead the management and monitoring of portfolios containing illiquid assets—such as Private Debt, Infrastructure Debt and similar instruments.
• Analyze projected cash flows and funding structures, including capital calls, distributions, and cash movements.
• Prepare and present clear investment reports and recommendations to senior leadership; develop, update, and maintain internal performance metrics.
• Critical review of the evaluation metrics of the underlying assets in the invested funds.
• Demonstrate knowledge of key Asset‑Liability Management (ALM) analyses and capital charge assessments under Solvency II.
• Excel in stakeholder management, effectively coordinating with Finance, Risk Management, Life, and Group functions; participate in internal Asset Liability Investment Committee meetings.
• Demonstrate a high level of integrity, strong commitment to results, and a proactive approach aimed at driving continuous improvement within the investment function.

• MSc in Economics, Finance or equivalent.
• Proven experience (typically 5+ years) in managing illiquid assets such as private debt, infrastructure debt, or private markets.
• Excellent communication skills, with ability to present complex information in a clear and engaging manner.
• Maintain strong relationships with asset managers, investment partners, and both internal and external stakeholders.
• Monitor portfolio performance and proactively identify opportunities for improvement.
• Stay updated on market trends, evolving regulatory requirements, and anticipated changes affecting illiquid assets.
• Strong analytical and strategic skills.
• Problem solving attitude.
• Preferred: CFA, CAIA, programming language like Python
• Native Italian speaker and excellent command of English (C1/C2)

Primary Work Location: Milan