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    Director, Multi-Sector Portfolio Management - Not specified, United States - Symetra

    Symetra
    Symetra Not specified, United States

    2 weeks ago

    Default job background
    Full time
    Description
    Symetra has an exciting opportunity to join our team as a Director of Multi-Sector Portfolio Management

    About the role

    The Director, Multi-Sector Portfolio Management will be focused on two broad sets of responsibilities. The balance of time dedicated to these two areas is expected to fluctuate based upon business needs and the trajectory of third-party asset management growth. First, the successful candidate will assist the Head of Insurance Portfolio Management in the day-to-day management of Symetra's affiliated general account portfolio. Areas of involvement include strategic and tactical asset allocation, cash management, and regular coordination with key SLIC personnel to ensure the portfolio is managed with an appropriate balance of income, liquidity, capital efficiency, credit risk, and competitive considerations. Second, while SIM's sector managers will continue to lead single-sleeve third-party mandates and will be the key client-facing SIM personnel in such contexts, the successful candidate will be the "client PM" for multi-sector third-party mandates requiring active and ongoing reallocation among sectors. To that end, the successful candidate should be prepared to work with other SIM front office and business development personnel in the solicitation and service of third-party clients, and should possess a suitable client-facing presence and commercial mindset. Related to this endeavor, in 2021 SIM launched a multi-sector "fund" (using dedicated capital from SLIC's surplus portfolio) that is designed to provide a performance track record that illustrates SIM's cross-sector and tactical allocation capabilities to external clients. The successful candidate will co-manage this "fund" and assist with any related efforts to commercialize it. This is an individual contributor role with no direct reports. However, close collaboration with key stakeholders at SIM and SLIC, as well as a willingness to be "hands on" in the completion of required tasks will be critical to success, and to taking advantage of SIM's opportunistic approach and capabilities.

    Company Overview

    Symetra Investment Management ("SIM") is a SEC-registered investment advisory firm with approximately $68.2 billion in assets under management as of December 31, 2022. Symetra Financial Corporation ("SFC"), a diversified financial services company with $58.6 billion in assets as of December 31, 2022, headquartered in Bellevue, Washington is the sole shareholder of SIM. SFC is the holding company of Symetra Life Insurance Company ("Symetra Life"), which was founded in 1957, and has insurer financial strength ratings of 'A' by A.M. Best and Standard & Poor's and 'A1' by Moody's. Symetra Life is among the top 40 largest life insurance companies in the United States (based on statutory admitted assets as of December 31, 2022) and has approximately 1.7 million customers and over 2,200 employees nationwide. SFC is a wholly owned subsidiary of Sumitomo Life Insurance Company, a mutual life insurance company with head offices in Osaka and Tokyo, Japan. Founded in 1907, Sumitomo is one of the largest life insurance companies in Japan with $319.5 billion of assets as of March 31, 2023.

    What you will do
    • Assist with day-to-day management of the affiliated general account portfolio, with duties ranging from making contributions to higher-level strategic decision-making all the way through to hands-on tasks such as executing trades.
    • Work to optimize portfolio and accomplish client objectives within constraints.
    • Work with cross-functional teams in SIM and SLIC including tax, legal, compliance, finance, actuarial, ERM, and investment risk on matters related to portfolio positioning, cash management, and ALM.
    • Work with internal reporting professionals to develop and enhance reporting relating to portfolio positioning and performance.
    • Co-manage current multi-sector "fund" and assist in future efforts to commercialize this (or related) offerings to third-party clients.
    • Assist SIM's other front office and business development personnel with outreach to potential multi-sector third-party clients, including travel and presentations as needed.
    • Become third-party "client PM" for mandates involving active and ongoing allocation among sectors.
    • Keep apprised of emerging industry trends and themes in insurance asset management and perform ad-hoc research projects, in pursuit of portfolio enhancement, as needed.
    Why work at Symetra

    "If you want to invest in yourself and build a career, this is a great place to work. If you don't want to put in the effort to learn the industry and become a student of the business (it takes real effort), there are easier places to work." Cris H. - AVP Internal Sales, Training and Development

    "Symetra is inclusive of all employees regardless of their personal differences." Darrell J. - Actuary III

    "Symetra values learning. Symetra has so many resources - whether that is the Student of the Business courses, sponsorship of professional certifications, or just individual employees being so willing to teach and answer questions." Felicia D. - Financial Reporting Lead Senior Analyst

    What we offer you

    We don't take a "one-size-fits-all" approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.
    • Flexible full-time or hybrid telecommuting arrangements
    • Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
    • Paid time away including vacation and sick time, flex days and ten paid holidays
    • Give back to your community and double your impact through our company matching
    • Want more details? Check out our Symetra Benefits Overview
    Compensation

    Salary Range: $177,600 - $296,100 plus eligibility for annual bonus program

    Who you are
    • The ability to work cooperatively and collegially within a small team environment and communicate ideas effectively. Interest in being involved in multiple aspects of investment management.
    • Strong relationship / client management skills.
    • Familiarity with the fundamental attributes of a broad array of sectors commonly utilized in the investment portfolios of life insurance companies and other fixed-income focused buy side firms (IG credit, BIG credit, structured finance, alternatives, etc.
    • An understanding of the insurance company environment, including knowledge of the capital framework for US- and Bermuda-domiciled insurance carriers.
    • Knowledge of both buy-and-maintain as well as total-return portfolio orientations.
    • Knowledge of strategic asset allocation, incorporating capital constraints and efficiency.
    • Experience with ESG investing themes and practices is helpful.
    • S degree in economics, finance, mathematics, or other suitable field with appropriate quantitative skills / background.
    • 8+ years of progressive experience in a front office role in a bank, insurance company, pension fund, or other asset management firm.
    • 6+ years of experience in a multi-sector (predominantly fixed income) portfolio management role, with a track record of successfully navigating through market cycles.
    • CFA or MBA preferred.
    • Ability to work a hybrid schedule in our Farmington, CT office.
    We empower inclusion

    At Symetra, we aspire to be the most inclusive insurance company in the country. We're building a place where every employee feels valued, respected, and has opportunities to contribute. Inclusion is about recognizing our assumptions, considering multiple perspectives, and removing barriers.

    We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts Here.

    Creating a world where more people have access to financial freedom

    Symetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. In our daily work, we're guided by the principles of Value, Transparency and Sustainability. This means we provide products and services people need at a competitive price, we communicate clearly and openly so people understand what they're buying, and we design products-and operate our company-to stand the test of time. We're committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI). Join our team and help us create a world where more people have access to financial freedom.

    For more information about our careers visit:

    Work Authorization

    Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment with our company.

    #LI-BV1

    #LI-Hybrid


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