Portfolio Manager Insurance, FIG
at PIMCO
On-site New York, New York, United States Full-time Posted 6 days agoDescription
PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the worlds largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns. Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients. FINANCIAL INSTITUIONS AT PIMCO The FIG PM team reports to the Global CIOs and is responsible for ensuring our overall portfolio aligns with firm strategy. The FIG PM team is dedicated to covering insurance companies and banks and has direct accountability for the portfolios they manage. While FIG mandates may include constraints that restrict sectors and tools to implement themes, our portfolio managers use their expertise to ensure that themes are aligned with the firms outlook. The FIG PM team is structured in a hub and spoke manner. As generalists, they partner heavily with specialist portfolio managers for sector insight. This structure leverages the resources of PIMCOs extensive portfolio management capabilities to the benefit of our insurance clients. It allows FIG PMs to use specialists across the firm (e.g., corporate desk, ABS desk) to source individual positions while retaining responsibility for risk across the overall portfolio. PIMCO manages >$400Bn in affiliated financial institutions assets and >$100Bn in unaffiliated global insurance assets. JOB DESCRIPTION We are seeking a hybrid role that will combine the expertise of a Portfolio Manager with strong quantitative skills in Optimization to support our Financial Institutions team at PIMCO in New York. This position will focus on managing investment portfolios for FIG clients while leveraging quantitative techniques to optimize risk-adjusted returns, both accounting returns (e.g., book yield and net interest income optimization) and economic returns (e.g., total return alpha, security rich/cheap analysis, sector relative value, etc.). The ideal candidate will possess a deep understanding of the insurance sector, fixed income / bond markets, along with exceptional communication and presentation skills to engage effectively with internal stakeholders and clients. RESPONSIBILITIES Manage investment portfolios for insurance clients in a risk-aware manner, ensuring alignment with PIMCOs broader investment strategies. Collaborate with other Portfolio Managers to develop and implement investment strategies that reflect the unique needs of FIG clients. Utilize quantitative techniques to optimize portfolio construction and enhance alpha generation through systematic frameworks. Partner with credit research, quants and trading teams to source bonds and implement quantitative signals for portfolio management. Conduct independent analysis and research to contribute to the broader PIMCO investment process, providing relevant market insights. Engage with high-profile clients, handling credit discussions and presenting investment strategies and performance updates. Support business growth by collaborating with account managers on new business initiatives, RFPs, and client presentations. Ensure compliance with regulatory guidelines and account restrictions in collaboration with compliance officers and account managers. REQUIREMENTS 5+ years of experience in fixed income investment management, with a focus on the Financial Institutions/Insurance sector. Actuarial background preferred. Excellent verbal and written communication skills, with the ability to articulate complex concepts to diverse audiences. You must be excited to present and engage with senior internal and external stakeholders / clients. Strong quantitative skills, including experience in optimization and econometric/statistical modeling. Proficiency in Python programming and familiarity with non-traditional modeling techniques (e.g., machine learning) is a plus. Excellent analytical skills with a strong attention to detail and a results-driven mindset. A Masters or PhD in a STEM subject or a related field is preferred. Actuarial designations are a plus. A collaborative mindset with the ability to work effectively across teams, including Portfolio Managers, Traders, and Credit Research Analysts. A strong work ethic, integrity, and the ability to remain composed in dynamic market conditions. BENEFITS PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and wellbeing of you and your family. These benefits include medical, dental and vision coverage from your first day of employment. 401k Savings and Retirement Plan Work/Life Programs such as Flexible Work Arrangements, Parental Leave & Support, Employee Assistance Plan, and Educational/CFA Certification Reimbursement Programs. Community involvement opportunities with The PIMCO Foundation in each PIMCO office. PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance. Salary Range: $ 205,000.00 - $ 305,000.00 Equal Employment Opportunity and Affirmative Action Statement PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws. Applicants with Disabilities PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days. We believe that active management is the responsible way to invest our clients' assets in fixed income. For 50 years, we have worked relentlessly to help millions of investors pursue their objectives - regardless of shifting market conditions. Our clients rely on an investment process that has been tested in virtually every market environment. Bringing together our investment professionals from across the globe, PIMCO's investment process is designed to promote fresh ideas and differing points of view. We innovate to give our clients an edge. Innovation has long been part of the fabric of PIMCOs culture. Explore how we assess shifting risks and opportunities to build forward-looking solutions for investors.
PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed-income investing.In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives regardless of shifting market conditions. As active investors, our goal is not just tofind opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions and service to our clients.Active ManagementWe take an active approach to fixed income investing one in which we express high convictionviews without allowing any single risk to dominate returns. Over our 50 year history, we have found this helps us to deliver positive outcomes for investors and avoid outsized risks that maybe inherent in passive approaches.Tested ProcessWe have a proven ability to help investors navigate shifting investment conditions including times of market stress. Honed over decades, our process has helped millions of investorsmanage risks and pursue returns over meaningful time periods.Culture of InnovationFinancial markets are changing rapidly and it is crucial for investors to adapt. That is why innovation is part of the fabric of our culture. Importantly, we develop solutions based on investors needs and investing opportunities not on near-term asset-raising potential. And we invest in top technology, tools and resources to help them succeed.
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