Job Description:
Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.
This senior role reports directly to the Chief Investment Officer (CIO) and works closely with the Senior Portfolio Manager, External Investment Management, collaborates as relevant with Senior PM’s as well as other senior Investments leaders and staff, across asset classes. This role's primary focus will be on public equities and will collaborate with the VP Core fixed income investments for the external investment management asset pool. The assets under collaborative management would be $5Bil. This role will work closely with VP, Senior Portfolio Manager – External Investments, Private Markets PM’s, the Asset Allocation, Strategy group, and Investment Operations, and the Chief Investment Officer. This key role will also collaborate in helping manage broad and/or specific aspects of portfolio construction related to the external mandates in public equities and core fixed income. Responsibilities will also include leading and enabling, and where relevant collaboration on risk and performance analytics across public equities and core fixed income – US, International and Global. The incumbent will also be leading periodic investments, economic and financial markets-related projects and initiatives related to asset allocation activities.
The role will have a small staff group of generalists and/or specialists, as needed, and also will have the opportunity to work with other team leaders within Investments, to onboard top talent, including summer interns and rotation hires. The role’s focus will primarily be public markets investments in equities that are managed by external investment management firms. The role will have people management responsibilities, with junior and/or mid-level direct reports for different equities buckets as necessary, and will rely on the Investment analytics team and external services for equities managers diligence activities.
The externally managed public equities and core fixed income portfolios has investments across a very wide range of geographies, styles and strategies. The role is expected to be very proficient with concepts including but not limited to factor exposures and equity investment styles. Some level of baseline
knowledge, experience regarding broader public markets and effective use of investment vehicles is preferred. A good understanding of multi asset investing principles would be helpful to succeed in this role.
The role requires extensive expertise and experience in constructing portfolios with public equity investment products with a strong understanding of the objectives of the overall investment process. The role will also serve as an important interface contact for the investment team with the external investment managers and will manage a significant part of the existing and new relationships. This includes researching new investments, new and existing manager diligence and underwriting, allocation or reallocation decisions, communication to and from managers. The role will also inculcate best practices, understanding of the macro-economic and market outlook to the broader portfolio. The role will closely work with investment operations, legal, tax and other support functions to ensure a seamless collaborative approach.
Work with Asset Allocation to collaborate and define focus areas for strategy selection and manager diligence from an optimal portfolio construction lens.
Monitor current portfolio and strategies to determine if they are designed optimally.
Develop strong understanding on sources of excess return.
Leading External Manager diligence, underwriting and monitoring
Build and maintain results oriented and strategic relationships with existing and new investment management partners
Have periodical portfolio review meetings, calls to stay updated on performance and it’s drivers, risk, views and positioning
Explain drivers of performance to investment leadership and collaborate to recommend portfolio actions, manage performance analytics for better return and attribution reporting, and work with risk and quantitative analyses steam for risk and exposure monitoring.
This incumbent will collaborate on portfolio construction, investments monitoring, and risk management as relevant for the respective bucket across asset classes within the overall total portfolio construction framework.
Share insights with leadership that would be relevant from a total portfolio lens.
Work closely with the senior PM’s and CIO, and other senior investments leads senior directors and managers on periodic, ad-hoc, and special research projects.
Qualifications:
BA or BS required; MBA, CFA, CAIA or other advanced degree related to investments, economics, finance, or quantitative analysis preferred
11-15 years of relevant experience in investments, financial markets and/or financial risk management as well as 11-15 years of global financial market experience across asset classes
Global financial markets, investments, risk management and economics related experience across asset classes, and risk and quantitative analysis
Broad knowledge in the financial markets and investments across asset classes
Strong inter-personal, communication, presentation, analytical and collaboration skills
Experience collaborating with other internal stakeholders and partners – investment accounting, legal, tax and other departments
Ability to operate as an effective tactical as well as strategic thinker with flexibility to adapt to and positively influence new processes/infrastructure
Strong mentoring and coaching experience with excellent judgement and creative problem-solving skills including negotiation and conflict resolution skills
Fast learner with a strong teamwork-based mindset, and passion for financial markets, corporate finance and investment risk management
Collaborative mindset, people management skills and leadership experience required
Expert knowledge in using Bloomberg, and FactSet, similar investments systems, as well as experience to be able to apply expertise to any new investment risk management and accounting related, and order entry systems
The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, medical, dental and vision insurance, life and disability insurance, well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, and time off, including vacation and sick time.
FM is an Equal Opportunity Employer and is committed to attracting, developing and retaining a diverse workforce.
