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Associate - Pension Asset Management

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Date Posted: Jun 9, 2022

Location(s): Whippany, NJ, US, 7981

Company: MetLife

Role Value Proposition:

MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with over $651 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 900 dedicated professionals with extensive experience and expertise across public and private fixed income and private assets, including real estate.  Visit us at www.metlife.com/investments to learn more.

 

The Pension Asset Management Associate is responsible for assisting with investment activities related to the fixed income, equity, real estate, and alternatives mandates of MetLife’s benefit plans. The position resides within MetLife’s Pension Investment Unit (“PIU”), which provides investment oversight and analysis related to the ongoing portfolio management of MetLife’s approximately $20 billion of Qualified and Non-Qualified employee benefit assets.

 

Key Responsibilities: 

  • Assist with the development and implementation of investment strategies for the benefit plans.
  • Assist asset specialists with the oversight of investment activities related to the fixed income, equity, real estate, and alternatives asset classes. This includes activities related to the hiring, monitoring and termination of third-party investment managers, with the objective of maximizing returns within specified risk parameters while ensuring fulfillment of all fiduciary responsibilities.
  • For new mandates, assist the asset specialist in the due diligence of investment manager evaluating their relative capabilities; and analyzing their investment styles, processes, and biases. Develop comprehensive detailed recommendations for the MetLife Pension Committee for review and approval.
  • Prepare and analyze portfolio, risk, portfolio optimizations and market data to facilitate asset allocation decisions and ensure compliance with Investment Policy Statements (“IPS”).
  • Monitor activities related to the investments of third-party investment managers for the benefit plans. This includes investment performance, attribution analysis, portfolio holdings, organization, personnel, investment process and peer analysis. Ensure that results are meeting the expectations as defined for the given mandates and that all investment guidelines comply.
  • Conduct ongoing fundamental investment research to evaluate and recommend relative value trades. When appropriate, assist in the development of procedures for the periodic asset rebalancing of the plans’ assets.
  • Assist in periodic asset/liability studies, ensuring adoption of the industries’ latest trends in risk management.

 

Essential Business Experience and Technical Skills:

Required:

  • Pension industry or related insurance/asset management experience.
  • Action oriented and highly motivated in pursuing challenging projects. Strong interest in financial markets and asset management.
  • Strong analytical skills and knowledge of Microsoft Office (Excel, PowerPoint, Word).  Experience in
  • Ability to find common ground and solve problems, working within a team-oriented structure.
  • Excellent written and oral communication skills, able to present to internal and external clients.

Preferred:

  • Undergraduate degree required (MBA and/or Chartered Financial Analyst (“CFA”) designation preferred).
  • Experience in VBA programming and/or Bloomberg is a plus.

 

Travel

Negligible

 

Business Category

Investments

 

Number of Openings

1

 

#MIM

 

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.” 

MetLife:

MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

 

We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired Companies." 

       

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

 

 

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.

 

 

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

 

 

MetLife maintains a drug-free workplace.

 

 

Requisition #: 125444