Actuarial Investment Strategist, VP II - State Street Investment Management

State Street-posted 3 days ago
Full-time • Mid Level
Boston, MA
5,001-10,000 employees
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We are looking for an energetic professional to be an Actuarial Investment Strategist in our Outsourced Chief Investment Officer (OCIO) group. Based in Boston, the Actuarial Investment Strategist will serve in an investment advisory capacity for OCIO clients. The OCIO team is part of State Street Investment Management Investment Solutions Group (“ISG”), a global multi-asset class solutions team. This position reports to the Managing Director, Head of OCIO Investment Strategy – Investment Solutions Group. You should have ability to analyze and oversee pension or related liabilities, quantitative and qualitative valuations, risk analysis, and link to client strategic asset allocation and total portfolio risk. Proven actuarial and defined benefit (DB) subject matter expertise to support various initiatives and services, including development of liability driven investing models, funded status updates, de-risking glide paths and other asset – liability management analytic services is required. In addition, the candidate will also lead the liability assessment, spending analysis and stochastic modeling for our VEBA, NDT, Endowment & Foundation and Healthcare client channels. You will work closely with senior OCIO investment strategists and relationship personnel to evaluate, design, and monitor liability-based solutions for institutional clients, incorporating capital market assumptions, asset class and liability characteristics, and funding policy into a clear-cut and executable program. Just as important, you will have the proven ability to listen, evaluate, and incorporate client objectives into the strategic asset allocation plan and communicate with internal and external partners on complex investment activities in a clear and concise way. As a member of our Investment Strategist team, you will also collaborate with our manager research team (in public and private markets) in the portfolio construction design process. In a client facing capacity you will partner with our OCIO relationship managers and interface regularly with client investment committees and staff as part of the overall investment portfolio and performance review.

  • Collaborate with client OCIO Relationship Managers to address any client strategic asset allocation issues, concerns, and opportunities
  • Consult with clients on funding and de-risking policies, liability driven asset allocation and de-risking glide-path development
  • Perform ALM for pension clients and spending analysis for not-for-profit clients
  • Help develop long term (5+ years) customized client strategic asset allocation plans
  • Participate actively in the preparation and presentation of client deliverables and new client opportunities
  • Assess and communicate impact of current legal and regulatory environment from an actuarial perspective, and potential considerations for plan sponsors.
  • Knowledge of pension actuarial formulas, methods, stochastic forecasting and valuations preferred.
  • Knowledge and expertise with US defined benefit plan design, Asset Liability Modeling (ALM) studies, pension risk management and forecasting. UK and Canadian pension liability and actuarial modeling knowledge is also beneficial.
  • Demonstrate initiative and work independently; aptitude to self-direct and set priorities in a fast-paced environment
  • Highly organized, meets deadlines, with a strong attention to detail
  • Strong communication skills: verbal, written and presentation; ability to effectively communicate recommendations and rationale to internal parties and clients as well as demonstrated ability to influence outcomes
  • Build and maintain professional relationships with internal and external parties
  • Thrives in business building environment with changing priorities
  • Self-motivated individual with intellectual curiosity, high energy level, strong work ethic and demonstrated personal and professional integrity
  • ASA designation or progress towards is desirable.
  • Experience working with Moody’s Analytics Pfaroe platform, DB and E&F modules, or comparable platforms is a plus.
  • Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
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