Intermediate Multi-Asset Analyst

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

Job Description

Allstate’s Multi-Asset group manages an active asset allocation process across Allstate’s $80 billion portfolio. The process combines macroeconomic insight, disciplined cross asset research, and an active capital allocation process to drive strategic and tactical investment decisions across public and private markets. The team collaborates with internal public and private investment PMs as well as leverages external investment opportunities. The capital allocation process has been a key ingredient to Allstate’s investment success and active portfolio management has been recognized externally relative to our competitors.
The Intermediate Analyst role in the Multi-Asset group involves working closely with the team to help shape the team’s macro views, identify cross-asset opportunities, and translate insights into actionable portfolio recommendations through fundamental and quantitative analysis.

• Assist with enhancing Investments’ strategic (SAA) and tactical asset allocation (TAA) process, including quantitative and qualitative frameworks, cross asset market monitors and economic regime signals. Efforts will span equities, fixed income, alternatives, derivative overlay and regional allocations across a variety of asset classes
• Identify and evaluate internal and external active risk opportunities to further enhance risk adjusted returns of the portfolio versus the Enterprise strategic asset allocation
• Conduct independent cross asset research to identify new relative value or allocation approaches
• Support development of tactical asset allocation (TAA) trade thesis trackers to drive and improve decision making processes
• Create clear, compelling visualizations of investment themes, asset‑class dynamics, and portfolio insights for our Capital Allocation Forum meetings.
• Analyze portfolio exposures and sensitivities (e.g. Duration, Spread duration, Equity beta, Risk factor decomposition, etc) to ensure alignment with the current investment thesis.
• Support the investment culture of the team. Contribute best practices and lessons learned to the broader team’s portfolio construction efforts
• Role reports to Head of Multi-Asset Group

• Bachelor’s degree (preferred)
• 2+ year experience within finance industry;
  Fundamental and quantitative experience in Fixed Income, Equity or Multi-asset investing preferred
• Experience in portfolio decision making preferred, including supporting a portfolio manager in active risk-taking decisions, or independently managing investment risk
• CFA designation or candidacy a plus

• This job does not have supervisory duties.

• No Certification, License or Registration is required for the job.

• Solid understanding of fixed income and equity asset classes, portfolio construction, and economic cycles
• Ability to convey market views and investment recommendations
• Strong quantitative skills, proficient in modeling
• Strong visualization skills (charting investment narratives and analysis)
• Advanced Excel and PowerPoint skills, Bloomberg
• Strong interpersonal skills and willingness to be a reliable team player, build trust and confidence through collaboration with a wide range of internal and external colleagues
• Ability to work independently; efficiently prioritize work streams
• Strong work ethic and communication skills

Skills

Asset Allocation, Economics, Fixed Income Investments, Investments, Microsoft Excel, Research Strategies, Strategic Asset Allocation (SAA)

Compensation

Base compensation offered for this role is $ - $ annually and is based on experience and qualifications.

*** Total compensation for this role is comprised of several factors, including the…