Senior Investment portfolio manager - Private Debt and Alternative investments

Our opportunity

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. 

Key Tasks and Responsibilities 

• 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.

Required

• 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

Who we are

Looking for a challenging and inspiring work environment where you can make a difference? At Zurich millions of individuals and businesses place their trust in our products and services every day. Our 53,000 employees worldwide form the basis of our success, enabling, businesses and communities to face a world of risk with confidence. Imagine if you could help people do this all over the world. You’d give them confidence and reassurance by protecting what they love most. It’s a big challenge, but you will be supported by a world-class team who believe in helping you to reach your full potential and deliver on our promises.

At Zurich, we aim for a mix of employees that reflects the diversity of our customers and the communities in which we live and work. Our diversity and inclusion programs are shaping an environment where everyone feels welcome, ensuring that Zurich is a place that values different opinions, respects personal needs, and provides equal opportunities for all. With the help of our employee resource groups, business role models and advocates we are focusing on Gender, Generations, Race/Ethnicity and Sexual Orientation.

You can take advantage of "Work life Balance" tools useful to ensure a correct work-life balance for all employees. Among these, smart working, the gym, the counseling service, the possibility of making specialist medical visits within the company and the availability to use bicycles during lunch breaks, but also much more!

So be challenged. Be inspired. Help us make a difference!

Per ulteriori informazioni su Zurich come datore di lavoro così come sul processo di candidatura può fare riferimento a http://www.zurich.it/lavora-con-noi/IlmondoZurich.htm