ETF Portfolio Management Analyst

Job Title

Analyst, Portfolio Management Group

Job Description

The Portfolio Management Group manages 140 ETFs with AUM totaling approximately $21 billion across multiple strategies. There are plans to launch additional funds in the near future.

The Analyst works closely with Portfolio Managers to implement passive investment strategies with an emphasis on minimizing tracking error and achieving tax efficiency. At any given time, the portfolios may hold various financial instruments including equities, treasuries, futures, swaps, and options depending on the specific strategy and market conditions.

The Analyst plays a critical role in the organization's growing ETF sub-advisory business.

Responsibilities

Review corporate actions and index changes in order to calculate and execute rebalancing trades

Maintain proprietary trading models and evaluate their output

Implement tax efficient strategies including the use of custom in-kind baskets and tax loss harvesting

Create portfolio listing files (PLF) and validate portfolio composition files (PCF) for each ETF

Reconcile fund NAVs and cash-related basket data points nightly

Perform attribution analysis of historical ETF returns

Monitor secondary market trading and communicate with market makers as needed

Complete ad hoc projects and respond to inquiries from clients

Job Knowledge, Experience Skills

Job Knowledge Required:

A Bachelor's degree in business, finance, economics or similar degree required

3-5 years of experience in fixed income or derivatives portfolio management, trading, fund accounting, corporate actions processing, or index research (experience with ETFs is desirable)

Experience and Soft Skills Required:

Familiarity with the different stakeholders in the portfolio management process including Fund Accounting, Custodian, Transfer Agent, and Distributor is desirable

Strong Excel skills, familiarity with VBA is a plus

Strong analytical and information technology skills

Experience with Bloomberg

Strong communication skills and the ability to clearly and quickly communicate ideas and recommendations verbally and in writing

Ability to multitask and thrive in a fast-paced environment

Maturity, good judgment, and a professional demeanor

Enrolled or seeking to enroll in the CFA or FRM program

Additional Knowledge and Skills to Build:

Sharp critical thinking skills, sound judgment and decision-making ability, and both the ability and willingness to clearly articulate your ideas

Demonstrated aptitude for quantitative and critical thought

Experience with financial markets, mutual funds, portfolio management, and derivatives

Experience coding complex projects in VBA

Grow subject matter expertise through education and experience

Ability to complete work with limited oversight using independent judgement

Location

Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.

Compensation

The overall range for this role is $97,865 - $161,575. A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

Benefits

We offer a comprehensive benefits package designed to support employees' health, financial security, and well-being. Benefits include:

Medical, Dental and Vision Coverage for employees, dependents, and domestic partners

Employee Assistance Program (EAP) Confidential support for personal and work-related challenges

401(k) Plan Includes a company matching program and profit-sharing contributions.

Discretionary Bonus Program Recognizing employee contributions

Flexible Spending Accounts (FSA) Pre-tax savings for dependent care, transportation, and eligible medical expenses

Paid Time Off (PTO) Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis

Holidays A minimum of 10 paid holidays per year

Family Building Benefits Includes adoption and fertility assistance

Paid Parental Leave Up to 12 weeks of paid leave for employees who meet eligibility criteria

Life Insurance & AD&D 100% of premiums covered by Milliman

Short-Term and Long-Term Disability Fully paid by Milliman

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.