Portfolio Management Analyst

Job Summary

Supports institutional fixed income portfolio management through investment analysis, regulatory capital evaluation, and cross‑functional collaboration within an insurance general account framework.

• Build and maintain analytical models for asset selection, relative value assessment, spread analysis, cash flow projections, deployment planning, and scenario analysis.
• Conduct sector, issuer, and market research to support portfolio construction, rebalancing, and capital allocation decisions across liability‑backed portfolios.
• Support medium‑term plan development, strategic asset allocation execution, and deployment projections through data preparation, quantitative analysis, and presentation materials for senior leadership and board audiences.
• Monitor portfolio positioning against investment mandates and approved guidelines, track risk limit utilization and flag deviations from the strategic asset allocation framework.
• Assist in the preparation of investment memos, due diligence materials, and governance documentation for new and existing fixed income investments.
• Support identification, evaluation, and selection of external investment managers, including investment and operational due diligence, documentation review, track record analysis, and reference calls.
• Monitor external manager performance, attribution, and compliance with fund terms; maintain manager tracking tools and reporting dashboards.
• Develop working knowledge of insurance regulatory capital frameworks, including NAIC risk‑based capital, statutory accounting, IFRS, and GAAP.
• Coordinate with actuarial, risk, accounting policy, and derivatives teams on investment approvals, pricing strategy inputs, cash flow testing, and governance requirements.
• Build and maintain portfolio analytics, dashboards, and tracking tools using Excel, Bloomberg (including BQL), Aladdin, Clearwater, and other data platforms.
• Contribute to process improvement and documentation initiatives.

• Bachelor’s degree in a quantitative discipline.
• 1–2 years of relevant experience in fixed income investment analytics, insurance investments, or institutional asset management.
• Experience in a front‑office investment role at a bank, hedge fund, asset management firm, or insurance company.
• Proficient in Excel.
• Experience using Bloomberg, Black Rock Aladdin, and Clearwater Analytics.
• Strong analytical skills with the ability to translate analysis into clear, actionable recommendations.

• Chartered Financial Analyst (CFA) or Associate of the Society of Actuaries (ASA) designation.
• Understanding of insurance asset management and asset‑liability management concepts.
• Familiarity with NAIC risk‑based capital, statutory accounting, GAAP, and IFRS considerations.
• Working knowledge of fixed income analytics, including duration, option‑adjusted spread, yield metrics, convexity, liquidity, prepayments, and defaults.
• Experience with general account investment assets, including fixed income securities, asset‑backed securities, and alternative investments.
• Ability to query, join, and analyze large data sets to create repeatable analytical processes.
• Some exposure to the use of AI to support research, process improvement, and efficiency.

Office Environment. Occasional Travel