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State Farm · 8 hours ago

Portfolio Manager/Associate Portfolio Manager

Richardson, TX

Full-time

Hybrid

Senior Level, Lead/Staff

$134K/yr - $217K/yr

8+ years exp

State Farm is expanding its Investment Planning Services team and is seeking a Portfolio Manager/Associate Portfolio Manager in its Investment Management unit. The role involves leading quantitative research and asset allocation analysis for Advisory model portfolios, collaborating with teams, and participating in fiduciary oversight responsibilities.

Insurance

No H1B

Responsibilities

Lead the work of modeling and forecasting of Capital Market Assumptions (CMAs), including literature review of current academic and practitioner whitepapers

Lead the development and maintenance of the Strategic Asset Allocation (SAA) for State Farm Advisory Model Portfolios, including research on portfolio optimization, Monte Carlo simulation, factor modeling, return/risk attribution, and current market conditions

Lead the team’s proprietary Manager Research and Selection (MR&S) process for Exchange-Traded Funds and Mutual Fund Investment strategies. Manage fund external relationships, attend and summarize quarterly manager calls

Direct the ongoing Portfolio Management by using State Farms investment models, systems and software (i.e. proprietary and 3rd party)

Participate in the management of State Farm Model Portfolios. Lead in the generation and maintenance of SFIM investment reports, data sets, performance reporting (i.e. SF models) and broader analytical infrastructure

Develop and execute model portfolio trading and rebalancing rules across State Farm’s suite of Advisory model portfolios and provide on-going oversight of the process/execution

Formulates investment outlook, content and advisor/agent education; creating and establishing State Farm's footprint and point-of-view on investing for SF agents and retail customers. Collaborates with team members and internal IPS departments to execute SFIM & IPS publications and collaterals on a periodic (i.e. weekly, monthly, quarterly)

Serves as the team's subject matter resource on investment models, systems and software (i.e. proprietary and 3rd party)

Ability to manage a team of investment professionals (if assigned). Providing general guidance to junior team members on various projects

Qualification

Asset allocationPortfolio managementQuantitative researchInvestment strategyCFA charterMonte Carlo simulationPortfolio optimizationManager researchMulti-asset investingClient interactionProgramming skillsPresentation skillsWriting skillsTeam managementSelf-motivatedCommunication skills

Required

Bachelor's degree or higher, with a completed Bachelor's degree preferred

8+ years of experience in asset management and/or wealth management, focusing on asset allocation, portfolio management, or research

6+ years of direct experience in multi-asset portfolio management, asset allocation, and/or quantitative investment research

6+ years of experience in investment strategy/manager due diligence, open architecture, and oversight of traditional and alternative investment strategies

Proficient knowledge and direct experience in at least three of the following areas: strategic/tactical asset allocation formation, capital market assumption development, portfolio optimization methods, factor risk/return modeling, and Monte Carlo simulation. Knowledge of insurance products/industry is a plus

Strong understanding of multi-asset class investing, with hands-on experience and expertise in both top-down and bottom-up investment analysis, including primary research and assessment of third-party analysis

Detailed knowledge of securities, such as stocks, bonds, mutual funds, ETFs, SMAs, alternative investments, and options strategies

Solid understanding of the investment advisory business, including different advisory program types

Previous experience working directly with clients, with strong presentation and writing skills

Self-motivated individual who takes ownership of initiatives and thrives in a dynamic team environment

Progress towards or completion of the CFA charter or a comparable designation

May need to obtain FINRA Series 7 and Series 66, post-hire or in the future