VP Institutional Sales
Calamos Investments
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Job summary
Calamos Investments, a diversified global asset and wealth manager headquarted in the Chicago metropolitan area with Naperville offices, seeks a VP, Institutional Sales to drive new business across institutional channels, including Corporate Plan Sponsors, Endowments, and DCIO. You will identify prospects, build relationships, and close mandates to grow AUM and revenues.
Responsibilities include developing territory plans, maintaining high activity, coordinating with cross-functional teams, and
Qualifications
- Bachelor’s degree in finance, Business, Economics or Marketing; MBA encouraged; CFA or CIMA certification desired.
- Series 7 and Series 63 licenses required.
- 7–10 years investment management experience with proven direct sales.
- Ability and willingness to travel on a consistent basis.
- Excellent presentation and communication skills.
Responsibilities
- Develops and executes a business plan to cultivate direct institutional opportunities across channels.
- Maintains a high level of activities and visibility within the institutional marketplace.
- Develops a pipeline of institutional prospects/relationships within the assigned territory.
- Generates and advances opportunities, and closes new institutional mandates.
- Works collaboratively with the Institutional team and other internal units.
Skills
Education
Tools
Job description
Calamos is a diversified, global asset and wealth management firm offering a wide range of innovative investment strategies. As one of the top liquid alternative asset managers in the world, Calamos maintains dedicated investment teams across all asset classes, with global research capabilities and access to specialized private and public markets. Calamos offers investment strategies and personal wealth management solutions through separately managed portfolios, mutual funds, ETFs, closed-end funds, private funds, and UCITS funds. Clients include major corporations, pension funds, endowments, foundations, and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area (with offices in both Naperville and Fulton Market in Chicago), the firm also maintains offices in New York, San Francisco, Milwaukee, Portland, and the Miami area.
The VP, Institutional Sales is a senior level business development professional focusing on new business development across multiple institutional market segments (institutional, sub-advised, DCIO) and distribution channels (direct, consultant relations, cross-sell). This position’s primary objective is to identify, contact, qualify and close new institutional investment management relationships, resulting in new investment management revenues and assets under management (AUM) for the firm. Performance will be based on the success within assigned territories in establishing contacts, qualifying prospects, building relationships (generally referred to as “activities”, and recognizing new AUM and fee revenues.
- Develops and executes a business plan to successfully cultivate direct institutional opportunities across channels, including Corporate Plan Sponsors, Taft-Hartley Funds, Public Funds, Endowments and Foundations, Outsourced CIO, and Insurance companies.
- Maintains a high level of activities and visibility within the institutional marketplace, including direct marketing, in-person dialogue/meetings, and industry conferences and events attendance.
- Develops a pipeline of institutional prospects/relationships within the assigned territory, enabling new business opportunities for Calamos Financial Services (or just simply Calamos).
- Generates and advances opportunities, and closes new institutional mandates within the assigned territory, contributing positively to Institutional Service’s annual asset raising and revenue targets.
- Utilizes required management reporting tools/systems to ensure accurate and timely reporting of activity and opportunities within the territory, including probability of reaching sales targets.
- Works collaboratively with the Institutional team, to ensure we are meeting or exceeding industry best practices relative to marketing Calamos Financial Services (or just Calamos) and servicing our clients.
- Coordinates internal resources, communicating and collaborating with key team members and other internal business units critical to success, including Product Management, Portfolio Specialists, Legal, Compliance, Operations, Product Management and the investment team.
- Demonstrates appropriate firm, investment philosophy, process and product knowledge, and the associated professional skills, in delivering presentations, both independently and as part of a team.
- Attends industry events and conferences providing strategic opportunities to network, while enhancing firm and investment product visibility in the marketplace.
- Support the client relationship management (CRM) function as needed, including ongoing or ad-hoc activities (e.g., client review meetings) critical to client and asset retention.
- Performs related duties as assigned.
- Bachelor’s degree in finance, Business, Economics or Marketing. MBA encouraged. CFA or CIMA certification desired.
- Series 7 and Series 63 licenses required.
- Minimum 7-10 years investment management experience, with proven direct sales experience.
- Ability and willingness to travel on a consistent basis.
- Self-motivated and self-disciplined.
- Well-organized with solid time management skills.
- Comprehensive industry and product knowledge.
- Excellent presentation and communication skills.
- Ability to work effectively in a team environment.
- PC skills in client relationship management/prospecting databases and other related applications.
The compensation for this role takes into account various factors, including work location, individual skill set, relevant experience, and other business needs. The estimated base salary range for this position is $200,000 -$250,000 annually. Additionally, this position is eligible for an annual discretionary bonus.
Please note that this is the current estimate of the base salary range intended for this role at the time of posting. The base salary range may be adjusted in the future.
Calamos offers a comprehensive benefits package, including health and welfare benefits (medical, dental, vision, flexible spending accounts, and employer-paid short and long-term disability), as well as retirement benefits (401(k) and profit sharing), paid time off, paid parental leave, and other wellness benefits.
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.
Calamos is a diversified, global asset and wealth management firm offering a wide range of innovative investment strategies. As one of the top liquid alternative asset managers in the world, Calamos maintains dedicated investment teams across all asset classes, with global research capabilities and access to specialized private and public markets. Calamos offers investment strategies and personal wealth management solutions through separately managed portfolios, mutual funds, ETFs, closed-end funds, private funds, and UCITS funds. Clients include major corporations, pension funds, endowments, foundations, and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area (with offices in both Naperville and Fulton Market in Chicago), the firm also maintains offices in New York, San Francisco, Milwaukee, Portland, and the Miami area.
The VP, Institutional Sales is a senior level business development professional focusing on new business development across multiple institutional market segments (institutional, sub-advised, DCIO) and distribution channels (direct, consultant relations, cross-sell). This position’s primary objective is to identify, contact, qualify and close new institutional investment management relationships, resulting in new investment management revenues and assets under management (AUM) for the firm. Performance will be based on the success within assigned territories in establishing contacts, qualifying prospects, building relationships (generally referred to as “activities”, and recognizing new AUM and fee revenues.
- Develops and executes a business plan to successfully cultivate direct institutional opportunities across channels, including Corporate Plan Sponsors, Taft-Hartley Funds, Public Funds, Endowments and Foundations, Outsourced CIO, and Insurance companies.
- Maintains a high level of activities and visibility within the institutional marketplace, including direct marketing, in-person dialogue/meetings, and industry conferences and events attendance.
- Develops a pipeline of institutional prospects/relationships within the assigned territory, enabling new business opportunities for Calamos Financial Services (or just simply Calamos).
- Generates and advances opportunities, and closes new institutional mandates within the assigned territory, contributing positively to Institutional Service’s annual asset raising and revenue targets.
- Utilizes required management reporting tools/systems to ensure accurate and timely reporting of activity and opportunities within the territory, including probability of reaching sales targets.
- Works collaboratively with the Institutional team, to ensure we are meeting or exceeding industry best practices relative to marketing Calamos Financial Services (or just Calamos) and servicing our clients.
- Coordinates internal resources, communicating and collaborating with key team members and other internal business units critical to success, including Product Management, Portfolio Specialists, Legal, Compliance, Operations, Product Management and the investment team.
- Demonstrates appropriate firm, investment philosophy, process and product knowledge, and the associated professional skills, in delivering presentations, both independently and as part of a team.
- Attends industry events and conferences providing strategic opportunities to network, while enhancing firm and investment product visibility in the marketplace.
- Support the client relationship management (CRM) function as needed, including ongoing or ad-hoc activities (e.g., client review meetings) critical to client and asset retention.
- Performs related duties as assigned.
- Bachelor’s degree in finance, Business, Economics or Marketing. MBA encouraged. CFA or CIMA certification desired.
- Series 7 and Series 63 licenses required.
- Minimum 7-10 years investment management experience, with proven direct sales experience.
- Ability and willingness to travel on a consistent basis.
- Self-motivated and self-disciplined.
- Well-organized with solid time management skills.
- Comprehensive industry and product knowledge.
- Excellent presentation and communication skills.
- Ability to work effectively in a team environment.
- PC skills in client relationship management/prospecting databases and other related applications.
The compensation for this role takes into account various factors, including work location, individual skill set, relevant experience, and other business needs. The estimated base salary range for this position is $200,000 -$250,000 annually. Additionally, this position is eligible for an annual discretionary bonus.
Please note that this is the current estimate of the base salary range intended for this role at the time of posting. The base salary range may be adjusted in the future.
Calamos offers a comprehensive benefits package, including health and welfare benefits (medical, dental, vision, flexible spending accounts, and employer-paid short and long-term disability), as well as retirement benefits (401(k) and profit sharing), paid time off, paid parental leave, and other wellness benefits.
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.
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