Job Information
Highmark Health Investment Portfolio Manager in Boston, Massachusetts
Company :
Highmark Health
Job Description :
JOB SUMMARY
This job is responsible for the planning and implementation of the investment strategy for the internally managed fixed income portfolios for the Organization and its subsidiary companies. The incumbent will evaluate trade ideas, conduct investment research on investment credit sectors and make recommendations for cross sector investments into the portfolio. The incumbent must be aware of the economic and political events that impact the financial markets and be able to project their impact to the portfolios under management to reduce the risk of loss and preserve principal under adverse market conditions. Investment risk shall be managed by diversification in asset classes, duration, income generation and liquidity determined by the line of business and investment policy guidelines.
ESSENTIAL RESPONSIBILITIES
• Maintain and establish relationships for trade execution, gather information on new security issuance and stay abreast of current investment ideas and trends. Create competitive trade options and gather and negotiate favorable terms on behalf of the corporation.
• Develop value based fixed income investment strategies using quantitative models, analytics and execute the implementation of the strategies by the Investment Portfolio Director. Execute trades and investment strategy on a best price/competitive bid basis and ensure proper trade settlement with various custody agents.
• Manage the integrity of the investment data on various external software packages in order to analyzes market risks. Based on these market trends, data analysis and yield curve dynamics, execute strategic transactions to generate income and manage duration exposures of internally managed long-term bond portfolios.
• Perform duties that support the liquidity management of the investment portfolios.
• Research and utilize technology improvements for trading execution, risk evaluation, and reporting on portfolio performance.
• Provide investment expertise in interactions with various finance functions.
• Other duties as assigned or requested.
EDUCATION
Required
- Bachelor's Degree – Finance, Mathematics, Accounting
Substitutions
- 6 years of related and progressive experience in lieu of Bachelor's degree
PREFERRED EDUCATION
- Master’s Degree – Finance, Mathematics, Accounting
EXPERIENCE
Required
5 years' experience in securities trading
3 years' settlement/back office experience in security delivery
3 years' experience utilizing trading/analytics software
Preferred
7 years experience in actively trading investment accounts
5 years investment experience in an insurance company , investment management firm or bank
5 years utilizing analytical tools such as Bloomberg, Yield Book, Bond Edge or similar tool
Progress toward an MBA, Chartered Financial Analyst (CFA) certification, or Certified Treasury Professional (CTP) certification
SKILLS
Strong communication skills
Self-starter able to act proactively and solve problems
Strong analytical skills
Working knowledge of Yield Book, Bloomberg or comparable investment tool
PREFERRED LICENSURE
Chartered Financial Analyst (CFA) designation or Certified Treasury Professional (CTP) designation
PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS
Position Type
Office-based
Teaches / trains others regularly
Occasionally
Travel regularly from the office to various work sites or from site-to-site
Rarely
Works primarily out-of-the office selling products/services (sales employees)
Never
Physical work site required
Yes
Lifting: up to 10 pounds
Constantly
Lifting: 10 to 25 pounds
Occasionally
Lifting: 25 to 50 pounds
Rarely
Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.
Compliance Requirement : This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.
As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy.
Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.
Pay Range Minimum:
$78,900.00
Pay Range Maximum:
$146,000.00
Base pay is determined by a variety of factors including a candidate’s qualifications, experience, and expected contributions, as well as internal peer equity, market, and business considerations. The displayed salary range does not reflect any geographic differential Highmark may apply for certain locations based upon comparative markets.
Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, age, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, age, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability.
EEO is The Law
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For accommodation requests, please contact HR Services Online at HRServices@highmarkhealth.org
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Req ID: J251017
Highmark Health
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