Allstate Investments is seeking an Intermediate Portfolio Manager/Research Analyst to be part of a team that manages all of Allstate's Municipal market. The Municipal team manages over $9B, or 11% of The Allstate Corporation's investment assets. Our process is very team-oriented, with analysts interacting with each other and the portfolio managers on the trading desk on a continual basis. As such, the ability to work well within the group is critical. This hybrid (blended) role is an important part of the Municipal team supporting the senior portfolio managers and covering various sectors. This PM role will help manage specific portfolios, making sure the group tracks the appropriate objectives and maintain similar risk as desired broader strategy as set by the Senior Portfolio Managers. As an analyst, the candidate will also be responsible for researching investment portfolio ideas and developing in-depth institutional-level portfolio analysis while effectively communicating to the PMs and other key stakeholders.
Under the direction of the Senior Portfolio Managers and Head of Research, the Intermediate Portfolio Manager will be expected to focus on the following:
Monitor and manage a subset of investment grade municipal mandates, ensuring they are consistent with the Senior Portfolio Managers' current macro views and analysts' research recommendations.
Responsible for all daily portfolio management activities including portfolio construction, risk and performance attribution, trading, compliance and reporting, as well as assisting the Senior Portfolio Managers in trading across all portfolios and mandates.
Participate with internal research team and Senior Portfolio Managers to assess relative value characteristics of investment opportunities, both within and across sectors
Monitor and manage portfolio characteristics to ensure adherence to strategy and client guidelines.
Contributing to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group.
Assist in compliance and regulatory reporting, on both periodic and ad-hoc basis
Provide support for internal and external communications on an as-needed basis
Bachelor's Degree required, MBA/CFA preferred
Five to seven years of investment experience in fixed income portfolio management, preferably in investment grade municipals.
Strong verbal and written communication skills
Broad understanding of fixed income asset classes and instruments
Strong interpersonal skills and willingness to be a reliable team player
Ability to work efficiently, organize and prioritize assignments
Ability to work well with internal and external contacts
Strong computer skills, including Microsoft Office Products and Bloomberg. Experience with Blackrock's Aladdin trading system is a plus.
The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.
Good Work. Good Life. Good Hands®.
As a Fortune 100 company and industry leader, we provide a competitive salary – but that's just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you'll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.
Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.
Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
For jobs in San Francisco, please click "here" for information regarding the San Francisco Fair Chance Ordinance.
For jobs in Los Angeles, please click "here" for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.
It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.
Internal Number: 4830134
About Allstate Insurance
eFinancialCareers is a career site specializing in financial services.