Job Details | Portfolio Manager, Plans

Registered employers can post jobs, search for candidates, and/or post a company profile on ChicagoJobs.com

Quick Search
Run a quick search through the entire listings of jobs on this website. Filter your search by one, two or all three of the following criteria:





View Job

This job posting is no longer active on ChicagoJobs.com and therefore cannot accept online applications.


    

Allstate Insurance Corporation

 Location: Northbrook, IL 60062 Document ID: A4154-0LID Posted on: 2011-01-0301/03/2011 Job Type: Regular

Job Schedule:Full-time
2011-02-02
 

Portfolio Manager, Plans

POSITION TITLE:
Portfolio Manager - Portfolio Management Group
Allstate Investments
REPORTING TO:
Senior Portfolio Manager
Allstate Investments
CORPORATE PROFILE:
The Allstate Corporation
Northbrook, IL
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're in Good Hands with Allstate " slogan, Allstate helps individuals in more than 17 million households protect what they have today and better prepare for tomorrow through approximately 14,700 exclusive agencies and financial specialists in the United States and Canada. By leveraging Our Shared Vision, Allstate is committed to strong principles of the highest ethical standards and encourages individual accountability. Allstate realizes success through innovative thinking while providing challenging and collaborative work for its 70,000 employees. Allstate demonstrates a commitment to diversity through a variety of ways and continues to identify the requirements for future success since it was founded in 1931.
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through its "You're In Good Hands With Allstate" slogan, Allstate provides insurance products to more than 14 million households. Allstate Investments, LLC manages over $100 Billion of assets across portfolios for three major clients for Allstate to meet their investment objectives. The business model provides the foundation for daily decision-making and portfolio management. Allstate Investments strives to provide sustainable, competitive, risk-adjusted investment returns and investment-related services for the benefit of the Allstate Corporation. The size of the investment group exceeds 375 individuals across a variety of investment disciplines including taxable fixed income, tax-exempt fixed income, equities, private securities, commercial mortgages and derivative asset classes as well as accounting, finance and technology. Investment performance for our portfolios has consistently provided excess returns for our customers and we attribute that success in large part to the quality of our people. 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. For additional information about Allstate Investments, LLC visit our website at www.AllstateInvestments.com.
AREA OF RESPONSIBILITY:
To assist in the management of all portfolios related to the property-casualty insurance side of Allstate's business, which totals over $30 billion.
The assets managed under this position are comprised of taxable fixed income, tax-exempt municipal securities, real estate, hedge funds, and equities. This role will have the responsibility of utilizing and directing the research to develop strategies that are customized to optimize the risk and return performance for the related stakeholders. This position will work closely with the Senior Portfolio Manager (Sr. PM) for the stakeholders and interact closely with the Finance areas to ensure all objectives and constraints are incorporated into management decisions. This position will also work closely and directly with the Asset Management area to ensure the analysis is done with accuracy and consistency. This position has the responsibility, in collaboration with the Sr. PM, of directing the trading and asset allocation decisions with this portfolio.
RESPONSIBILITIES:
  • Assist in the strategy development and analysis related to the management of the portfolio;
  • Take responsibility for the strategy, management and Executive Committee reporting for all subsidiaries of Allstate Protection;
  • Work closely with Asset Management on the following: implementation of all strategies, changing asset allocation for risk or return objectives, communicating the objectives and constraints of each stakeholder, and getting market data and views used in all strategy decisions;
  • Work closely with our Risk Management and Analytics group on the following: portfolio risk analysis, portfolio optimization analysis, setting of benchmarks for investment performance, and any proposed changes to policy that need to be tested through our risk systems;
  • Work closely with our Investment Finance area on: strategic and operating plan development, assisting in creation of Investment Committee and Board reporting, testing of new strategies to assess financial impacts, cash management, and management of cash flows;
  • Work closely with Life Finance group on: all asset related inputs to cash flow and capital modeling, preparation of all rating agency and regulator reports related to investment risk, and advising on work related to risk metrics;
  • Establish, communicate, and implement investment strategies based on market outlook and client objectives;
  • Assist the Sr. PM in developing portfolio research processes which enhance the research value-add components in investment decisions;
  • Work proactively with all asset classes to optimize investment decisions by effectively leveraging in-house expertise;
  • Assist in the preparation of internal presentations and memoranda required for communication meetings, business planning, and portfolio strategy mandates;
  • Assure on-going compliance with all internal governance and policy requirements involving assigned portfolio.

CHALLENGES WITHIN THE FIRST 12 MONTHS:

The most significant challenges for the Portfolio Manager for the first 12 months are anticipated to include:

  • Learning the organization, culture and processes, including client(s) portfolio requirements and investment objectives;
  • Gaining the respect of peers and colleagues within the asset group and across Allstate Investments; and
  • Developing sufficient knowledge of current portfolio holdings to preserve strong financial performance and seek attractive investment opportunities.

Qualification

PROFESSIONAL BACKGROUND:
7+ years of portfolio research and/or portfolio management experience required. Fixed income, real estate, and equity market knowledge and some experience in fixed income trading is also highly desired. Knowledge of, or prior experience working in, property and casualty insurance is a plus.
SKILLS REQUIRED:
  • Strategic thought leader with demonstrated ability to incorporate macro outlooks and trends into day-to-day portfolio decisions;
  • Strong organizational skills with the ability to prioritize work, meet deadlines, and achieve results independently and as part of a team;
  • Solid knowledge and training in investment markets and portfolio management;
  • Excellent oral and written communication skills;
  • Strong inter-personal relations, who can establish and maintain close relationships numerous and diverse areas of the organization;
  • Effective at working across asset classes in a team-oriented, performance based environment;
  • Proven people management and talent development experience;
  • Strong working knowledge of portfolio management tools and analytic techniques; and
  • Strong quantitative skills related to portfolio strategy and analysis.
EDUCATIONAL BACKGROUND:
Bachelor's Degree required. MBA and CFA highly preferred.
LEADERSHIP REQUIREMENTS AND PERSONAL TRAITS:
The successful candidate will be a change leader and manager. This individual must also have the following personal and professional attributes which are consistent with the Company's stated values:
  • Thrive on change and continuous improvement;
  • Demonstrate and foster a sense of urgency, strong commitment, and accountability while making sound decisions and achieving goals;
  • Focus on exceptional customer service and drive innovation to create an atmosphere that supports new ideas and initiative;
  • Strive for effective communication that results in teamwork, shared knowledge, and ideas;
  • Articulate, inspire, and engage commitment to a plan of action aligned with organizational mission and goals;
  • Ensure the development of a diverse pool of talent to meet current and future organizational needs;
  • Create an environment where people from diverse cultures and backgrounds work together effectively;
  • Be of unquestionable integrity, ethical and moral character;
  • Deal effectively with ambiguity, change, and adapt appropriately to a range of situations;
  • Pursue lifelong learning and personal development.
COMPENSATION AND BENEFITS PACKAGE:
A competitive compensation and benefits package will be provided, including an attractive base salary, an annual target bonus opportunity, and participation in a stock option program based on the company's and the individual's performance.
Additionally, Allstate offers a diversity of competitive benefits programs and resources:
  • Comprehensive health care plans, dental coverage, vision coverage, and flexible spending accounts;
  • Group legal, AD&D, group and dependent life insurance, as well as long-term and short-term disability;
  • Retirement program and 401k;
  • Tuition reimbursements for further education opportunities;
  • Paid time off days.

Allstate Corporation is an Equal Opportunity Employer.

     
Minimize

Facebook

Minimize