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Fidelity Investments · 19 hours ago

Portfolio Associate

Boston, MA

Full-time

Hybrid

Mid Level

$90K/yr - $175K/yr

3+ years exp

Fidelity Investments is a leading financial services company, and they are seeking a Portfolio Associate to join their growing team. This role will support the growth of general account portfolios, including the development and oversight of alternative asset portfolios and external investment mandates.

Asset ManagementFinanceFinancial ServicesRetirementWealth Management

Growth Opportunities

No H1B

Responsibilities

Assist in the development and oversight of a portfolio of limited partnership fund investments and bespoke investment mandates to achieve the investment objectives of the general accounts

Develop and assess asset manager benchmark and peer relative performance

Actively participate in due diligence meetings and support overall asset manager oversight processes for new asset managers

Develop investment memoranda with investment recommendations for new investment opportunities

Monitor portfolio investments, assessing the competitive landscape, performance track records, and overall market environment

Coordinate all data and analytical requests made of asset managers

Support the development of financial forecasts and accompanying capital markets assumptions

Develop investment reporting for senior leadership

Qualification

Asset management experienceInvestment strategy developmentPrivate asset classesData management processesPerformance monitoringMicrosoft Office proficiencyEntrepreneurial mindsetInvestment reportingFinancial forecastingLimited partnership investmentsIndustry certificationsCollaboration skills

Required

Bachelor's degree in a relevant quantitative field and 3+ years of asset management or related work experience

Experience with private asset classes, securitized products, or other asset class experience

Experience developing and implementing investment strategies through the use of external asset managers

Ability to contribute to existing portfolio management processes and develop new processes including data management

Experience monitoring asset manager performance and compliance within investment guidelines

Strong ability to collaborate with internal and external constituents including asset managers, portfolio managers, risk management, actuarial, finance, tax, and operations functions

Ability to innovatively contribute to an entrepreneurial insurance and reinsurance team, within a large organization environment

Strong proficiency in Microsoft Office and familiarity with specialized private and alternative databases