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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
Source: MetLife Real Estate Career Page
