Investment Actuary

Income Research + Management•Boston, MA

3d•Hybrid

About The Position

The Investment Team seeks a quantitative professional to join the dynamic Investment Risk and Analysis function. The individual will be responsible for providing authoritative analysis of pension and insurance liabilities and translating balance-sheet risk into actionable inputs for liability-driven investment and insurance asset solutions. This role partners closely with Portfolio Managers and Client Teams, providing advanced expertise in actuarial modeling, asset–liability analysis, risk quantification, and investment solution design support. The position reports to the Director of Investment Risk, Vice Chair of the Investment Committee and also offers regular interaction with senior Investment Team leadership, Research Analysts, Traders, Marketing, Performance, Technology, and Compliance Teams.

Requirements

10+ years of financial industry experience
6+ years of industry experience working with retirement plans, insurance company assets, or in a related OCIO or consulting role
3+ years of experience working in an actuarial capacity
Expertise in actuarial and/or statistical work, including actuarial formulas, modeling methods, and quantitative procedures
Experience with defined benefit pension plans and insurance products, including plan or contract design, liability modeling and projection, risk management, and strategic asset allocation
Familiarity with pension and insurance regulatory frameworks, policy considerations, and relevant Actuarial Standards of Practice
Strong background in fixed income markets
Advanced Excel skills
Excellent quantitative and analytical skills with demonstrable ability to quickly understand new concepts
Strong written, verbal communication, and presentation skills
Critical thinker and proactive problem solver with commitment to excellence and accuracy
Self-starter who can independently produce results while handling multiple priorities with limited oversight
Strong organization, workflow, project management and process skills
Flexible – ability to quickly change gears while juggling numerous tasks and projects
Enthusiastic – team oriented, with willingness to pitch in to help others
Collaborative mindset and ability to thrive in cross-functional environment are essential

Nice To Haves

ASA/FSA designation or progress toward required
CERA designation or progress toward preferred
CFA Charter holder designation or progress towards preferred

Responsibilities

Cultivate thorough understanding of IR+M’s investment philosophy, process and strategies
Support investment decision-making through portfolio- and balance-sheet-level risk analysis, scenario testing, exposure decompositions, and other quantitative projects
Analyze and model liabilities and evaluate portfolio construction- across duration, convexity, curve positioning, and inflation sensitivity- to assess asset–liability alignment and investment risk
Partner with portfolio managers on the design, implementation, and monitoring of custom liability-driven and balance-sheet-aware investment solutions for pension and insurance clients
Serve as a technical resource on current pension and insurance regulatory, accounting, and valuation frameworks and their implications for liability-aware investment strategies
Contribute to investment risk analysis across broader fixed income strategies, including spread sectors, total return, and benchmark-relative portfolios
Partner with Portfolio Managers, Research Analysts and Traders to provide analysis for internal Investment Team projects
Respond to complex qualitative and quantitative investment requests from prospects/clients/consultants including attribution analysis, model portfolios, and scenario analysis
Provide actuarial and investment expertise in cross-functional development of regular and ad-hoc communications collateral, including market commentary, thematic monitors, thought leadership, specialized reporting and custom presentation materials
Join Client and Investment Team colleagues to present quantitative analysis and participate in custom solution discussions with external stakeholders as needed
Develop in-depth knowledge of all proprietary and third-party tools and systems, becoming a “Power User” resource for colleagues across the Investment Team
Establish strong working relationships across all functions within the Investment Team and with members of the Client Service Team

Benefits

Hybrid work environment allowing individuals to build strong bonds with colleagues in the office mixed with remote work capability
Medical, dental, vision and life insurance
Retirement savings – 401(k) plan with a safe harbor contribution (3%), a company discretionary contribution (12%), and a broad investment lineup
Tuition reimbursement up to $15K year
$5,000 Referral bonus for employees who refer new hires
Business-casual environment that includes the option to wear jeans
Generous paid time off upon hire – including 20 days of vacation, 2 wellness days, unlimited sick time plus eight paid company holidays and 2 floating days each calendar year
Paid volunteer time — 2 days per calendar year
Leave of absence programs – including paid parental and family leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
Fitness, health, and composting reimbursements
In addition to the opportunity to participate in a discretionary bonus program, the salary range below describes the estimated minimum to maximum base salary range for a position of this level.
Annual Performance Bonus: This role is eligible for an annual performance-based bonus