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Associate - Investments Portfolio Management - AIC

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Date Posted: Nov 9, 2022

Location(s): Whippany, New Jersey, US, 7981

Company: MetLife

Job Location: United States : New Jersey : Whippany

Alternate Job Location: Not Applicable : Not Applicable

Work Arrangement: Hybrid 

 

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 Affiliated Insurance Companies Investment Management (AIC IM) group is responsible for the development of investment and asset-liability management strategies for MetLife’s general account portfolio, which totals more than $450 billion in assets.  AIC IM oversees the management of MetLife’s existing asset portfolio and provides support to line of business partners on new business pricing.  AIC IM has regional offices in Whippany, NJ, Hong Kong, London, and Santiago as well as investment professionals located in multiple country offices. The Associate role is part of the AIC IM team and is responsible for developing investment strategy and providing new business pricing support to MetLife line of business partners.  The Associate will partner closely with representatives from RIS and Group Benefits businesses to design optimal investment strategies in support of new business opportunities and growth. 

 

Key Responsibilities: 

  • Lead development of detailed investment strategy via portfolio optimization analysis, maximizing risk-adjusted return within risk constraints.
  • Partner with MetLife Investment Management (MIM) to identify attractive investment opportunities in support of pricing / investment strategy.
  • Present investment strategy, sensitivities, and scenario analysis to AIC partners and management, including Global Risk Management, Finance, and line of business representatives.
  • Monitor and oversee investment performance and key risk / return metrics on an actual vs. expected basis.
  • Support US Business AIC IM team on strategic projects aimed at increasing portfolio profitability and/or mitigating portfolio risks.
  • Using quantitative tools such as Blackrock Aladdin and Bloomberg, evaluate cash flow, key rate duration, and ALM profiles of new business pricing strategies vs. liabilities.
  • Participate in Annual Plan process, including providing guidance on potential attractive asset needs in support of new business pricing.
  • Present and obtain approval through ALM governance process (ALM Working Groups, ALM Committees, etc.) of shifts in new business investment / pricing strategy.
  • Lead development of and/or present investment-related presentation materials to senior pricing approval committees.
  • Design hedging strategies in connection with new business opportunities and partner with MIM on implementation.
  • Lead investment-related responses, develop materials, etc for Requests for Information (RFI) / Requests for Proposal (RFPs) from consultants and potential clients in connection with new business opportunities.
  • Partner with MIM on evaluation of asset-in-kind proposals and asset-in-kind onboarding.

 

Essential Business Experience and Technical Skills

Required:

  • Strong quantitative skills and knowledge of Microsoft Excel.
  • Asset-liability management experience.
  • Strong interpersonal skills and ability to build partnerships and work in a team environment.
  • Excellent communication and prioritization skills.
  • Ability to multi-task in a fast paced, less structured environment.

Preferred:

  • MBA or CFA preferred.
  • Bachelor’s degree preferred in Economics, Finance, Accounting, Math, or related field.
  • 2 to 5 years work experience at an insurance company or in financial services industry.
  • Experience using BlackRock/ Aladdin and Bloomberg systems.

 

Assignment Category

Full-Time

 

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.