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    ETF Portfolio Analyst - Chicago, United States - Milliman

    Milliman
    Milliman Chicago, United States

    2 weeks ago

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    Description
    SPONSORSHIP IS NOT AVAILABLE FOR THIS OPPORTUNITY

    Who We Are

    Milliman FRM LLC is seeking an ETF Portfolio Analyst to join its Portfolio Management Group in Chicago. Currently the group manages 80 ETFs with AUM totaling approximately $6 billion across multiple strategies and there are plans to launch additional funds in the near future. The analyst will work closely with portfolio managers to implement passive investment strategies with an emphasis on minimizing tracking error and achieving tax efficiency. At any given time the portfolios may hold various financial instruments including equities, treasuries, futures, swaps, and options depending on the specific strategy and market conditions.

    What You Will Do

    The new analyst will play a critical role in the organization's growing ETF sub-advisory business.

    You will:

    Review corporate actions and index changes in order to calculate and execute rebalancing trades

    Maintain proprietary trading models and evaluate their output

    Implement tax efficient strategies including the use of custom in-kind baskets and tax loss harvesting

    Create portfolio listing files (PLF) and validate portfolio composition files (PCF) for each ETF

    Reconcile fund NAVs and cash-related basket data points nightly

    Perform attribution analysis of historical ETF returns

    Monitor secondary market trading and communicate with market makers as needed

    Complete ad hoc projects and respond to inquiries from clients

    Job Knowledge, Experience Skills

    Job Knowledge Required

    A Bachelor's in business, finance, economics or similar degree required

    3-5 years of experience in fixed income or derivatives portfolio management, trading, fund accounting, corporate actions processing, or index research (experience with ETFs is desirable)

    Experience and Soft Skills Required

    Familiarity with the different stakeholders in the portfolio management process including Fund Accounting, Custodian, Transfer Agent, and Distributor is desirable

    Strong Excel skills, familiarity with VBA is a plus

    Strong analytical and information technology skills

    Experience with Bloomberg

    Strong communication skills and the ability to clearly and quickly communicate ideas and recommendations verbally and in writing

    Ability to multitask and thrive in a fast-paced environment

    Maturity, good judgment, and a professional demeanor

    Enrolled or seeking to enroll in the CFA or FRM program

    Additional Knowledge and Skills to Build

    Sharp critical thinking skills, sound judgment and decision making ability, and both the ability and willingness to clearly articulate your ideas

    Demonstrated aptitude for quantitative and critical thought

    Experience with financial markets, mutual funds, portfolio management, and derivatives

    Experience coding complex projects in VBA

    Experience working with databases (SQL, Access)

    Experience coding in C#, Python or R.

    Milliman Benefits

    At Milliman, we focus on creating an environment that recognizes - and meets - the personal and professional needs of the individual. We offer a competitive benefits package which includes:
    • Medical, dental and vision coverage for employees and their dependents, including domestic partners
    • A 401(k) plan with matching program, and profit sharing contribution
    • Employee Assistance Program (EAP)
    • A discretionary bonus program
    • Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
    • Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
    • A minimum of 8 paid holidays
    • Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
    • Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs
    Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.

    All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

    The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR c)
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