Sr. Investments Analyst

Blue Cross Blue Shield of Massachusetts•Boston, MA

1d•$95,040 - $116,160•Onsite

About The Position

Working in the collaborative investment management unit of the Treasury Department, the senior investment analyst role plays an integral role in supporting the oversight of the Corporate, Retirement, Employee Savings Plan, and Foundation investment portfolios with combined assets in excess of $7.0 billion. This role offers an exciting opportunity for an analytical and motivated professional to contribute to core portfolio management functions, including performance analytics, manager selection, asset allocation research, trade execution, risk management and Investment Committee presentation preparation. The analyst will also leverage technologies and internal AI tools to drive workflow efficiency, data automation, and impactful financial modeling. Key relationships include internal Finance, Human Resources, Actuarial, and Legal departments as well as external investment managers, national auditing and actuarial firms, investment management consultants, and Blue Cross Blue Shield Association peers.

Requirements

Proven analytical and problem-solving skills; excellent oral and written communication skills; ability to work in a fast-paced environment and interact effectively with all levels of internal and external stakeholders.
Solid understanding of foundational capital markets concepts, multi-asset classes, investment instruments, and macroeconomic factors influencing portfolio outcomes.
Advanced proficiency in Microsoft Excel, Word and PowerPoint.
Working knowledge of or ability to quickly learn investment systems such as Clearwater Analytics, Bloomberg and BNY NEXEN.
Collaborative team player with a positive attitude, strong organizational skills, and eagerness to learn and grow within institutional investing in a healthcare environment.
Bachelor’s degree with a concentration in finance and/or accounting required.
Minimum of three years of professional experience in investment management, treasury, or portfolio analysis (required).

Nice To Haves

Experience with fixed income securities, equities, or alternatives (real estate, private credit and private markets) is a plus.
Experience with workflow automation and enterprise AI tools (Gemini / ChatGPT) is a plus.
MBA or MSF or progress towards a plus.
Experience in institutional asset management, insurance investments, or health insurance company treasury operations is a plus; familiarity with NAIC Risk Based Capital Framework and Division of Insurance Statutory Accounting Filings is a plus.
Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) designation or active progress towards completion is strongly preferred.

Responsibilities

Contribute to all aspects of the portfolio management process, including portfolio monitoring, trade execution, purchase and redemption requests, transfer activities, and compliance tracking.
Support the production of key portfolio deliverables, including monthly reports, treasury and investment dashboards, annual surveys, and Internal Investment Committee (IIC) materials.
Manage and produce the monthly performance reports, providing in-depth manager and attribution analysis to provide clear results and recommendations to senior management as needed.
Actively contribute to internal portfolio discussions regarding asset allocation, rebalancing, liquidity management, and risk tolerance, while supporting the evaluation and selection of new investment managers.
Develop and maintain strong working relationships with investment managers, consultants, custodians; participate in manager meetings, memorialize pertinent points and clearly delineate follow-up actions as needed.
Develop, maintain, and continuously improve financial models and stress-testing frameworks to support investment analysis function.
Contribute to ad-hoc projects focused on process improvement, data automation, and system integration by leveraging systems such as Bloomberg, Clearwater, and BNY NEXEN.
Assist in updating investment policies to reflect annual strategy changes, coordinate with Investment Accounting and Tax teams to ensure policy compliance, and support year-end audit and tax coordination.