Portfolio Manager – Insurance, FIG

Location: New York

Join to apply for the Portfolio Manager – Insurance, FIG role at PIMCO

Join to apply for the Portfolio Manager – Insurance, FIG role at PIMCO

PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

FINANCIAL INSTITUIONS AT PIMCO

The FIG PM team reports to the Global CIOs and is responsible for ensuring our overall portfolio aligns with firm strategy. The FIG PM team is dedicated to covering insurance companies and banks and has direct accountability for the portfolios they manage. While FIG mandates may include constraints that restrict sectors and tools to implement themes, our portfolio managers use their expertise to ensure that themes are aligned with the firm’s outlook.

• The FIG PM team is structured in a hub and spoke manner. As generalists, they partner heavily with specialist portfolio managers for sector insight. This structure leverages the resources of PIMCO’s extensive portfolio management capabilities to the benefit of our insurance clients. It allows FIG PMs to use specialists across the firm (e.g., corporate desk, ABS desk) to source individual positions while retaining responsibility for risk across the overall portfolio.

PIMCO manages >$400Bn in affiliated financial institutions assets and >$100Bn in unaffiliated global insurance assets.



Job Description

We are seeking a hybrid role that will combine the expertise of a Portfolio Manager with strong quantitative skills in Optimization to support our Financial Institutions team at PIMCO in New York. This position will focus on managing investment portfolios for FIG clients while leveraging quantitative techniques to optimize risk-adjusted returns, both accounting returns (e.g., book yield and net interest income optimization) and economic returns (e.g., total return alpha, security rich/cheap analysis, sector relative value, etc.).

The ideal candidate will possess a deep understanding of the insurance sector, fixed income / bond markets, along with exceptional communication and presentation skills to engage effectively with internal stakeholders and clients.

Responsibilities

• Manage investment portfolios for insurance clients in a risk-aware manner, ensuring alignment with PIMCO’s broader investment strategies.
• Collaborate with other Portfolio Managers to develop and implement investment strategies that reflect the unique needs of FIG clients.
• Utilize quantitative techniques to optimize portfolio construction and enhance alpha generation through systematic frameworks.
• Partner with credit research, quants and trading teams to source bonds and implement quantitative signals for portfolio management.
• Conduct independent analysis and research to contribute to the broader PIMCO investment process, providing relevant market insights.
• Engage with high-profile clients, handling credit discussions and presenting investment strategies and performance updates.
• Support business growth by collaborating with account managers on new business initiatives, RFPs, and client presentations.
• Ensure compliance with regulatory guidelines and account restrictions in collaboration with compliance officers and account managers.

Requirements

• 5+ years of experience in fixed income investment management, with a focus on the Financial Institutions/Insurance sector. Actuarial background preferred.
• Excellen…