Quantitative Insurance Solutions Analyst

Franklin Templeton; Pasadena (CA); Hybrid; USD 150,000 - 200,000; Full time

Benefits offered by this job

Paid Time Off

Health Coverage

401(k) plan

ESIP

LEAP

Employee Investment Benefits

Job summary

Franklin Templeton in Pasadena, CA is seeking a Quantitative Insurance Solutions Analyst to join the Investment Solutions team. You will apply quantitative analyses, develop tools, and collaborate with risk, portfolio management, and client service to deliver bespoke insurance and pension solutions.

The role requires a Master’s degree in a quantitative field and 3-5 years of relevant experience, with strong Excel/VBA, SQL, Python or R skills, and familiarity with RMBS/CMBS/ABS/CLO.

Qualifications

• Master’s Degree in a quantitative field such as Mathematical Finance or similar.
• 3–5 years of related work experience.
• Strong empirical, analytic and technical skills.
• Experience with RMBS/CMBS/ABS/CLO as a quantitative analyst.
• Proficiency with MS Excel/VBA, SQL, SAS, Python, R or similar.
• Strong verbal and written communication skills.

Responsibilities

• Utilize quantitative analyses including optimization, simulation, and other proprietary tools to contribute to asset allocation studies and portfolio construction/hedging.
• Develop and improve the production engine for client accounts and model portfolios.
• Perform simulations and optimizations to support client needs and address issues promptly.
• Collaborate with client service, portfolio management, and risk management to disseminate analyses.

Skills

Quantitative analysis

MS Excel/VBA

SQL

SAS

Python

R

Machine Learning

Teamwork

Verbal & written comms

Education

Master’s Degree in a quantitative field

Tools

Yield Book

POINT

Bloomberg PORT

Job description

At Franklin Templeton, we believe success is built through powerful partnerships. As a forward thinking asset manager, we build dynamic relationships with clients, understand their goals, and navigate complex markets together. We leverage cutting edge strategies and deep insights to unlock opportunities for long term wealth creation. Our talented, global teams bring expertise that is both broad and unique.

From our welcoming, inclusive, and supportive culture to our globally diverse business, we offer opportunities not only to help you reach your potential, but also to contribute to our clients’ success.

Team & Role Overview

About our Team:

Within Franklin Templeton Investment Solutions, the Quantitative Insurance Solutions team leverages the firm’s intellectual capital and resources globally to serve our clients. We work closely with the Client Service and Investment Management teams to provide investment insights and craft bespoke portfolio solutions. We cover all regions globally and all client channels, with an emphasis on insurance and pensions.

Our team partners with clients to help them address their unique investment needs. Areas of focus include regulatory capital, asset allocation, asset-liability matching, liability-driven investing, portfolio construction and optimization, tail risk hedging, and portfolio analytics.

The Quantitative Insurance Solutions Analyst will bring exceptional quantitative reasoning, financial and analytical skills along with a passion for serving our clients. This is a highly collaborative, collegiate department where self-motivation is vital, and shared problem-solving and learning is supported. We encourage initiative and innovation when it comes to developing new systems and methodologies to improve our custom solutions. At the same time, we depend on building strong relationships with other teams, and value a diplomatic approach to addressing issues around portfolio performance and risk.

What Will Add Value

• Utilize quantitative analyses including optimization, simulation, and other proprietary tools and models to contribute to asset allocation studies, and portfolio construction/hedging processes.
• Deep dive into issues for effective resolution.
• Develop and improve the team’s production engine that runs standard and customized processes and reports for client accounts and model portfolios.
• Perform simulations and optimizations to support our existing and prospective clients with their needs
• Follow up with data owners, developers, and modelers to resolve issues in a timely fashion.
• Identify opportunities to enhance the accuracy, efficiency and scalability of analyses and participate in the implementation of automated solutions.
• Analyze the trade-offs between proprietary solutions and off-the-shelf available models, including cost effectiveness and best risk factor structure for the Firm’s Client Solutions Toolkit, and advise senior management of the best path to follow to better service our clients.
• Analyze, specify and test enhancements to data, models and processes to drive continuous improvement.
• Develop customized analytical tools to perform quantitative analyses based on the needs of clients and prospective clients.
• Work closely with other divisions of the Firm including client service, portfolio management, and risk management to accurately disseminate and explain analyses to acquire, inform, and retain clients.
• Interface with several of the firm’s major proprietary and vendor related systems and applications.

What Will Help You Be Successful In This Role

Experience, Education & Certifications

• A Master’s Degree in a quantitative field such as Mathematical Finance or similar, in addition to 3-5 years of related work experience.
• Working knowledge and experience analyzing fixed income instruments with an emphasis on RMBS, CMBS, ABS, and CLO, through work as a quantitative analyst.
• Strong empirical, analytic and technical skills.
• Strong teamwork skills.
• Experience with third party analytic and risk systems such as Yield Book, POINT, Bloomberg PORT, etc.
• Demonstrated technical acumen with MS Excel/VBA, SQL, SAS, Python, R, or other software applications/languages.
• Strong verbal and written communication skills.
• Knowledge and experience in Machine Learning (ML) a plus.

Work Schedule & Location

• Hybrid work schedule
• Work Location: Pasadena, CA

Compensation Range: Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. The salary, benefits and variable rewards will reflect the seniority of the position and a competitive market rate. We expect the annual salary for this position to range between $150,000 to $200,000 in addition to a competitive bonus.

At Franklin Templeton, we believe your benefits should support your life, your goals, and your future. That’s why we offer a comprehensive Total Rewards package designed to help you thrive both personally and professionally.

Highlights Of Our Benefits Include

• Paid Time Off: Three weeks of PTO in your first year
• Health Coverage: Competitive medical, dental, and vision insurance to support your well-being
• Retirement Savings: 401(k) plan with an 85% company match on pre-tax and/or Roth contributions, up to IRS limits
• Equity & Investing: Employee Stock Investment Plan (ESIP) with discounted share purchase opportunities
• Learning Education Assistance Program (LEAP): To support your ongoing growth and career advancement
• Employee Investment Benefits: Opportunity to purchase company funds with no sales charge

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.