At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers' evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.
Job Description
Allstate Investments manages approximately $70 billion of assets. Our goal is to provide sustainable, competitive, risk-adjusted investment returns and investment related services for the benefit of The Allstate Corporation. We attribute our successful track record in large part to the quality of our people. The size of the investment group exceeds 300 individuals across a variety of investment disciplines including, fixed income, equities, private securities, commercial mortgages and derivative asset classes, as well as, finance and technology. We recognize that our employees are our ultimate advantage and we seek to attract and retain highly qualified individuals with strong academic backgrounds, a deep interest in investments and a desire to be challenged. You'll do all this in an environment of excellence and the highest ethical standards - a place where values such as integrity, inclusive diversity and accountability are paramount.
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This position is a hybrid role, meaning your schedule may consist of time in an office setting and time working remotely from your home. The hybrid model is intended to provide greater flexibility - and will mean something different to each team, job and employee. Office presence is driven by the nature of the work and team needs. You'll work from home for the remainder of the time you're not in the office. This position is eligible for a monthly connectivity reimbursement to offset the costs of internet and phone expenses.
JOB SUMMARY
- Associate Analyst in the multi-asset group working on client portfolios backing property & casualty insurance businesses as well as company pension assets
KEY RESPONSIBILITIES
- Client interfacing role focused on the Allstate enterprise, supporting the development and implementation of portfolio strategies that fit a diverse set of products and objectives
- Support PMs with portfolio construction, benchmark changes, approval of investment policies, monitoring risk positioning and board reporting for multi-asset portfolios
- Assist portfolio managers (PMs) overseeing portfolio liquidity needs and collaborating with the investment teams across public and private capabilities to maximize investment performance. This involves attending weekly meetings with the respective groups
- Work closely with internal and external managers in managing repositioning, which includes rebalancing of asset portfolio through derivatives and cash markets to align with benchmarks and policy allocation
- Identify enhancements to our reporting process including ongoing assessment of liquidity, portfolio monitoring, asset allocation and risk reports
- Utilize Aladdin platform including portfolio risk tools, asset positioning modules, and benchmark and portfolio set-up to assist with overseeing the client portfolios
- Assist with the preparation of investment material for internal Board meetings, which involves coordination with Legal, PMs and performance team members
- Participate in underwriting, onboarding and monitoring of new external managers across public market equity and fixed income strategies; attend quarterly performance reviews with external managers, summarize results
- Work closely with team and senior leaders on recently launched private credit mandate, participating in due diligence of managers, onboarding, operations set-up and monthly portfolio and pipeline updates
- Compile charts and graphs utilizing eVestment data to compare asset manager performance versus peer group; maintain tracking and monitoring tools for evaluating managers
- Attend meetings with the Treasury group to review cash flow requirements, legal entity updates and corporate initiatives
SUPERVISORY RESPONSIBILITIES
- This job does not have supervisory duties
EDUCATION AND EXPERIENCE
- Bachelor's degree
CERTIFICATIONS, LICENSES, REGISTRATIONS
- No Certification, License or Registration is required for the job
FUNCTIONAL SKILLS
- Excellent communication and presentation skills
- Proficiency in Microsoft tools
- Knowledge of Blackrock's Aladdin system, eVestment a plus
- Proactive mindset and ability to work independently, as well as collaboratively in a team environment
- Ability to thrive in a fast-paced, deadline-driven environment
- Strong attention to detail and commitment to delivering high quality & accurate work.
- #LI-MC1
Skills
Asset Allocation, Benchmarking, BlackRock Aladdin, Finance, Fixed Income Investments, Investment Advising, Investments, Microsoft Tools, Results-Oriented
Compensation
Compensation offered for this role is $75,000.00 - 108,750.00 annually and is based on experience and qualifications.
The candidate(s) offered this position will be required to submit to a background investigation.
Joining our team isn't just a job - it's an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.
You'll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we've proven that Allstate empowers everyone to lead, drive change and give back where they work and live.
Good Hands. Greater Together.
Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
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It is the Company's policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee's ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.