Portfolio Mgr. - EIM Public Markets

Factory Mutual Insurance Company • Waltham, MA

13d

About The Position

FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles. This is a senior role, working closely with the Portfolio Manager, External Investment Management, Senior PM’s, Chief Investment Officer (CIO), and other senior Investments leaders and staff, across asset classes, with a primary focus on public equities and core fixed income investments with our external investment management partners. The assets under collaborative management would be $5Bil. or higher. 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, and also necessitate collaboration with internally managed portfolio management leadership as well, as they relate to public equities and core fixed income. The role will have a small staff group of generalists and 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, equity investment styles, fixed income analytics, credit, and duration, structuring and effective use of investment vehicles. While public markets - equities and core fixed income will be the primary focus, a good understanding of multi asset investing principles is even more 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 have primary ownership of portfolio performance across external public equities and core fixed income mandates, 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. Key responsibilities include ownership and accountability of performance and risk of the portfolio for this role. The role will also bring in best practices, 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 management of the external public equity and core fixed income portfolios, with full individual accountability and responsibility of the portfolio’s performance and optimal construction. Description Externally managed public markets – equities and core fixed income portfolios construction Monitor current portfolio and strategies to determine if they are designed optimally Work with Asset Allocation to define focus areas for strategy selection, manager diligence. Develop strong understanding on sources of excess return Leading External Manager diligence, selection and underwriting and monitoring. Build and maintain relationships with existing and new investment management partners. Have periodical portfolio review meetings, calls to stay updated on performance and its drivers, risk, views, and positioning. Explain drivers of performance to investment leadership Recommend portfolio actions Collaborate with performance analytics for better return and attribution reporting, and work with risk and quantitative analysis team for risk and exposure monitoring Collaborate on portfolio construction, investments monitoring, and risk management across asset classes within the overall total portfolio construction framework. Share insights from external equity and fixed income managers that would be relevant to the total portfolio. Work closely with the senior PM’s and CIO, and other senior investments leads senior directors and managers on periodic, ad-hoc, and special res

Requirements

• 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
• 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

Nice To Haves

• MBA, CFA, CAIA, or other advanced degree related to investments, economics, finance, or quantitative analysis preferred

Responsibilities

• Externally managed public markets – equities and core fixed income portfolios construction
• Monitor current portfolio and strategies to determine if they are designed optimally
• Work with Asset Allocation to define focus areas for strategy selection, manager diligence.
• Develop strong understanding on sources of excess return
• Leading External Manager diligence, selection and underwriting and monitoring.
• Build and maintain relationships with existing and new investment management partners.
• Have periodical portfolio review meetings, calls to stay updated on performance and its drivers, risk, views, and positioning.
• Explain drivers of performance to investment leadership
• Recommend portfolio actions
• Collaborate with performance analytics for better return and attribution reporting, and work with risk and quantitative analysis team for risk and exposure monitoring
• Collaborate on portfolio construction, investments monitoring, and risk management across asset classes within the overall total portfolio construction framework.
• Share insights from external equity and fixed income managers that would be relevant to the total portfolio.
• Work closely with the senior PM’s and CIO, and other senior investments leads senior directors and managers on periodic, ad-hoc, and special res

Benefits

• The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees