Asset & Wealth Management, Asset/Liability Strategist, Associate - New York

The Goldman Sachs Group; New York, Cary (NY, NC); On-site; USD 100,000 - 170,000; Full time

Job summary

A leading company in asset management seeks a skilled professional to join their Multi-Asset Solutions Portfolio Management Team in New York City. The role focuses on designing and managing multi-asset portfolios, particularly for pension and insurance clients. Candidates should possess strong analytical skills and a background in actuarial science. The position offers a competitive salary and a range of benefits.

Qualifications

• At least 3 years of experience in pension actuarial consulting.
• Associate or Fellow of the Society of Actuaries designation.

Responsibilities

• Design, manage, and communicate multi-asset class portfolios.
• Perform asset/liability modeling and develop hedging strategies.
• Prepare liability analysis based on actuarial data.

Skills

Analytical Skills

Detail-oriented

Communication

Self-starter

Organizational Skills

Education

Bachelor's degree in Mathematics

Actuarial Science

Finance

Tools

Microsoft Excel

PowerPoint

Job description

Asset & Wealth Management: Goldman Sachs Asset Management is one of the world's leading asset managers with over $2 trillion in assets under supervision. As a primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.

Responsibilities:

The successful candidate will join the Multi-Asset Solutions (MAS) Portfolio Management Team in New York City. In this role, they will design, manage, and communicate multi-asset class portfolios, with a focus on liability-driven investing for pension and insurance clients. The position requires strong analytical skills to develop, invest in, manage, and communicate customized portfolio solutions to clients. Core responsibilities include:

• Prepare liability analysis based on actuarial data under a variety of economic assumption sets.


• Perform asset/liability modeling and develop interest rate and credit spread hedging strategies for defined benefit pension plans in the US and Canada.


• Construct and review custom liability benchmarks required for managing Liability Driven Investing fixed income portfolio strategies.


• Utilize advanced mathematical concepts to assist in asset and liability modeling for current clients and prospects.


• Support content development involving client and prospect presentation books, request for proposals, and other liability-related analyses.


• Construct and maintain asset and liability models to produce stochastic analysis for current and prospective clients for plans based in the US and Canada

Qualifications:

• Bachelor's degree (U.S. or foreign equivalent) in Mathematics, Actuarial Science, Finance or a related field


• Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) designation


• At least 3 years of experience in working within the pension actuarial consulting industry on either US or Canadian actuarial valuations


• Prior experience working on the following:
  
  
  
  • Performing financial modeling using Microsoft Excel.
  
  
  • Working with and advising clients regarding U.S. minimum required pension funding laws.
  
  
  • Working with US (ASC 715) and International pension accounting standards (IAS 19).
  
  
  • Working with deterministic and stochastic funding and accounting projections for asset/liability modeling.
  
  


• Detail-oriented, highly organized with the ability to manage multiple tasks in a fast-paced environment


• A self-starter able to work independently and thrive in a team environment


• Excellent writing and communication skills


• Proficient in Excel and PowerPoint


• Strong interest in the financial markets, actuarial science and a good investment sense/commercial instinct


• CFA charterholder a plus

Salary Range

The expected base salary for this New York, New York, United States-based position is $100000-$170000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.