Portfolio Manager I

Position Overview

Create and manage investment portfolios or perform portfolio management duties that meet the risk/return requirements of the insurance liabilities or surplus. May act as the lead in the creation and implementation of investment mandates and the selection and relationship management of internal and external managers. Emphasis is on the communications and implementation of portfolio management and investment strategy.

• Serves as secondary contact with transition to primary contact for external manager and segment relationships
• Creates portfolio monitoring, internal manager, and external manager reporting and analysis and implements potential actions
• Performs as day to day liaison for internal manager desks and recommends and implements Investment strategies
• Idea sourcing and deal review assistance on yield enhancement efforts with investment banks and external managers; makes recommendations
• Creates and recommends actionable ideas while utilizing relative value framework
• Monitors and communicates cash positions and assists in portfolio allocation process
• Analyzes Stable Value portfolios and creates new and update reviews; participates in manager due diligence; resolves product/manager inquiries
• Resolves compliance management issues and status and performs periodic review of guideline/compliance rules
• Develops investment system expertise to support portfolio management process
• Reviews regular periodic and ad hoc Investments reporting
• Interacts with asset liability management team and implements strategies
• Performs primary due diligence and research on new investment opportunities
• Helps formulate opinion on whether or not to move forward with transaction
• Integral role in underwriting process for new investment opportunities, compose transaction thesis and helps identify key risks
• Prepares new investment approval memos
• Assists in covering assigned general partner relationships
• Produces regular analysis and reports for assigned investments, assists with amendments and additional funding requests
• Review regular and ad-hoc portfolio management reports
• Compiles data and analysis for portfolio review, and responsible for accuracy
• Responsible for ensuring a smooth funding process and ongoing data implementation; resolve any trade operations issues
• Conducts primary research for strategic research
• Develops and implements new tools to support investment process
• Responsible for managing portfolio analyst workflow
• Maintain regular and predictable attendance
• Perform other duties as assigned

• MBA graduate and 2+ years relevant work experience OR Bachelor's degree in Economics/Finance related field with 4+ years relevant work experience.
• CFA or significant progress towards
• Highly advanced Microsoft Office skills
• Highly advanced Excel
• Highly advanced oral and written communication skills demonstrating ability to share and impart knowledge
• Highly advanced understanding of investment/market concepts
• Advanced knowledge of asset liability management
• Advanced knowledge of portfolio and fixed income analytics (i.e. sector weightings, portfolio duration, performance attribution, convexity and term structure of interest rates)
• Investigative, analytical and problem solving skills
• Ability to set goals and handle multiple tasks, clients, and projects simultaneously; ability to appropriately balance priorities, deadlines, and deliverables
• Ability to work well within a team environment and participate in department/team projects
• Ability to balance detail with departmental goals/objectives
• Ability to translate business needs and problems into viable/accepted solutions
• Advanced negotiation skills to assist with internal/external discussions
• Customer relationship management and change management skills
• Ability to manage multiple projects or teams and set applicable goals
• Negotiation and persuasion skills
• Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines

• Masters, ASA, FSA, or CAIA
• 2+ years corporate credit experience
• 2+ years alternative investment experience
• 2+ years fixed income management experience in an insurance client environment
• Demonstrable track record of the successful implementation of Investment/portfolio strategies