Associate-CIO, Portfolio Management

corebridgefinancial; New York (NY); Hybrid; USD 125,000 - 134,000; Full time

Job summary

Corebridge Financial in New York City is seeking an Associate to support investment analysis and portfolio management across Insurance lines of business. You will work with CIO, finance, treasury, actuarial and accounting teams to reconcile data from multiple sources under tight deadlines.

Ideal candidates have 4+ years in financial services, strong Excel/PowerPoint skills, and are pursuing CFA designation.

Qualifications

• Microsoft Excel, PowerPoint and Power Pivot/BI proficiency.
• 4+ years of industry experience.
• CFA, or working toward preferred.
• Experience with Microsoft Access, VBA helpful.
• Financial services experience, preferably in fixed income asset management.
• GAAP and/or Statutory reporting experience is a plus.
• Experience with internal control or monitoring functions preferred.
• Strong written, verbal and interpersonal communications skills.
• Quick learner in a fast-paced, deadline-oriented culture.
• Proficiency with Excel and PowerPoint.

Responsibilities

• Provide analytical support to CIO team areas including asset tracking and investment/data reporting.
• Consolidate pipeline across asset managers and tracking.
• Design and implement process improvements and automation across workstreams.
• Portfolio management with respect to guidelines and compliance.
• Track asset allocation activity and summarize results.
• Coordinate with reporting team to update investment activity reports.
• Assist in portfolio construction for potential IM transactions.
• Track execution vs. approved portfolios at pricing committees.
• Respond to ad-hoc management requests for investment information and analysis.
• Participate in special projects like yield enhancement and ALM optimization.

Skills

Excel

PowerPoint

Power BI

Industry experience

CFA

VBA

Fixed income

GAAP/Statutory

Internal controls

Communication

Quantitative skills

MicroStrategy

Bloomberg

Microsoft Access

Education

CFA or working toward

Bachelor's degree or higher

Tools

Microsoft Access

Job description

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and actdecisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

Who you’ll work with

Our Chief Investment Officer (CIO) team is responsible for the overall asset allocation and portfolio management of General Account assets supporting Corebridge’s policyholder liabilities across various lines of business. In addition to managing the overall portfolio, the CIO team works with the core Life and Retirement business teams to develop the investment strategy to support their new business growth objectives. The CIO team is also responsible for articulating the overall investment strategy and risk positioning to key stakeholders such as the Board of Directors, regulators, and rating agencies.

About the role

The Corebridge CIO team is seeking an Associate to work as an integral member of the team to support investment analysis and portfolio management for the different Insurance lines of business. This role requires someone who is comfortable with manipulating large data sets and being able to reconcile various sources of information. Being able to handle multiple assignments are under time pressure is expected. The successful candidate will work across asset management, operations, finance, treasury, actuarial, and accounting teams on a continuous basis to leverage and rationalize investment information.

Responsibilities

The candidate will provide analytical support to various functions performed by the CIO team, including but not limited to:

• Asset tracking and investment/data reporting across internal and external asset managers
• Pipeline consolidation across asset managers and tracking
• Assist with the design and implementation of process improvements and automation opportunities to various workstreams.
• Portfolio management with respect to guidelines and compliance
• Tracking and summarizing asset allocation activity
• Working with reporting team to ensure all investment activity reports are accurately updated
• Assisting in portfolio construction for potential new IM (Institutional Markets) transactions
• Tracking execution of transactions vs. portfolios approved at pricing committees
• Respond to ad-hoc management requests for investment and portfolio related information and analysis.
• Participate in special projects, such as yield enhancement, ALM optimization and asset substitutions

Skills & Qualifications

• Microsoft:Excel, PowerPoint, Power Pivot/BI.
• 4+ years of industry experience.
• CFA, or working toward preferred.
• Experience in programming such as Microsoft Access, VBA and/or working with Information Technology is a plus.
• Financial services experience, preferably in fixed income asset management, as well as the ability to deliver high-quality investment reporting on a multitude of portfolio characteristics.
• Experience working for an insurance company or a third-party asset manager, GAAP and/or Statutory financial reporting experience a plus.
• Experience with internal control or monitoring functions, including Internal Audit, Operation Risk Management, Finance Control Unit, ERM, or willingness to interface with multiple internal controls groups preferred.
• Strong written, verbal, and interpersonal communications skills to clearly articulate sophisticated concepts, ideas and processes. Ability to present complex ideas/findings effectively to senior management and key stakeholders.
• Quick learner that is comfortable in fast pace, deadline-oriented culture.
• Flexible, self-starter, inquisitive with problem solving skills.
• Strong quantitative skills.
• Proficiency with Microsoft Excel and PowerPoint.
• General knowledge of additional fixed income reporting systems, preferably.
• MicroStrategy and Bloomberg are a plus.

Compensation

The anticipated base salary range for this position is $125, 000 to $134, 000 at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.

In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location

This position is based in Corebridge Financial’s New York City office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Estimated Travel

Minimal travel.

Why Corebridge?

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.

Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer

Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [e-mail]. Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.

We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com