Portfolio Manager / Associate Portfolio Manager

Location US-TX-Richardson

Job Category Accounting and Financial

Position Type Regular Full Time

Req ID 40892

Overview

State Farm Investment Planning Services (IPS) team is expanding and is seeking a Portfolio Manager / Associate Portfolio Manager in its State Farm Investment Management unit (SFIM). Reporting to the head of State Farm Investment Management (SFIM), you will lead quantitative research and asset allocation analysis for State Farm's Advisory model portfolios. You will employ a proactive data-focused approach to investment research, capital markets analysis and portfolio management to help the team formulate investment themes and asset allocation positioning (i.e. strategic and tactical), during the entire lifecycle of model portfolio management. In this position, you will also lead in the formation of investment outlook, content and advisor / agent education; participating the due diligence and fiduciary oversight responsibilities of various IPS investment / product platforms; creating and establishing State Farm's footprint and point-of-view on investing for State Farm agents and retail customers. Additionally, you will collaborate with other SFIM colleagues, as well as members of IPS teams across the organization in the execution of various research projects. Some travel to SF Agent offices / customer mandates and conferences nationwide may be required for this role. When not traveling, this person will work a hybrid schedule from State Farm's Dallas / Richardson, TX office.

Being good neighbors - helping people, investing in our communities, and making the world a better place - is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!

Responsibilities

As a Portfolio Manager / Associate Portfolio Manager you will :

• Lead the work of modeling and forecasting of Capital Market Assumptions (CMAs), including literature review of current academic and practitioner whitepapers.
• Lead the development and maintenance of the Strategic Asset Allocation (SAA) for State Farm Advisory Model Portfolios, including research on portfolio optimization, Monte Carlo simulation, factor modeling, return / risk attribution, and current market conditions.
• Lead the team's proprietary Manager Research and Selection (MR&S) process for Exchange-Traded Funds and Mutual Fund Investment strategies. Manage fund external relationships, attend and summarize quarterly manager calls.
• Direct the ongoing Portfolio Management by using State Farms investment models, systems and software (i.e. proprietary and 3rd party).
• Participate in the management of State Farm Model Portfolios. Lead in the generation and maintenance of SFIM investment reports, data sets, performance reporting (i.e. SF models) and broader analytical infrastructure.
• Develop and execute model portfolio trading and rebalancing rules across State Farm's suite of Advisory model portfolios and provide on-going oversight of the process / execution.
• Formulates investment outlook, content and advisor / agent education; creating and establishing State Farm's footprint and point-of-view on investing for SF agents and retail customers. Collaborates with team members and internal IPS departments to execute SFIM & IPS publications and collaterals on a periodic (i.e. weekly, monthly, quarterly).
• Serves as the team's subject matter resource on investment models, systems and software (i.e. proprietary and 3rd party)
• Ability to manage a team of investment professionals (if assigned). Providing general guidance to junior team members on various projects.

Qualifications

Candidates may be considered for either the Associate Portfolio Manager level or the Portfolio Manager level; leveling is determined throughout the interview process.

Preferred Qualifications

HYBRID : Qualified candidates should plan to spend time working from home and some time working in the office (Tuesday, Wednesday, Thursday) as part of our hybrid work environment.

HUB LOCATION : Dallas / Richardson, TX - Cityline

SPONSORSHIP : Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity

Potential salary range : $133,500 to $217,000 + P otential yearly incentive pay up to 30% or 40% of base salary

C ompetitive benefits, including :

Our Benefits

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!

Visit our State Farm Careers page for more information on our benefits , locations , and the hiring process of joining the State Farm team!

Please see job description

PI279874884

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