What are the responsibilities and job description for the Investment Analyst position at Milliman?
Description
BASIC FUNCTION
The Investment Analyst position is an entry level position in the investment consulting field. The Investment Analyst works in a team environment and operates in four primary areas of responsibility:
- Performing analysis and due diligence on Pension, Foundation and 401(k) investment managers and investment options
- Preparing quarterly performance reports and manager searches for investment clients.
- Monitoring pension portfolio asset levels and initiating appropriate rebalancing
- Conducting investment manager research and preparing reports and conducting fund research for internal Milliman clients such as the marketing group and the client service teams.
JOB RESPONSIBILITIES
- Analyze investment performance via analytical software, manager interviews, and other research
- Draft investment manager performance memos
- Participate in and conduct investment manager reviews and interviews
- Present investment manager candidates to research and consulting team and clients
- Maintain a list of preferred investment managers for major asset classes
- Coordinate and process quarterly client investment reports
- Maintain current data regarding fees, expenses, availability, and cost sharing for managers across various trust platforms
- Respond to internal requests for information regarding plan investment options
- Research and prepare investment option lists for marketing purposes and client proposals
- Special projects as needed
- Overall, prepare consultant team with knowledge and backup for client meetings and presentations
JOB REQUIREMENTS
- Bachelor’s degree preferred in Finance, Economics, Accounting, Mathematics, or other business related analytical field.
- Working knowledge of Modern Portfolio Theory (alpha, beta, correlation, mean variance optimization, etc.)
- Self-starter, flexible attitude with an enthusiasm for the investment manager and research performance analytics
- Willing to take on unfamiliar projects, think creatively, learn new software and prioritize vital information
- Proficient in the use of Microsoft Windows and Microsoft Office suite (Word, Excel, and Access)
- Ability to work within a team environment and independently manage own work
- Willing to pursue continuing education in the Investment Management Consulting field; e.g. CIMA, CFA
- Strong verbal and written communication skills, with an emphasis on client service
- Basic project management skills
- Excellent analytical and mathematical capabilities, with great attention to detail
- Demonstrate solid organizational skills, balancing and prioritizing multiple projects
- Ability to solve problems efficiently while being innovative and creative
COMPENSATION
A competitive base salary, plus a performance-based incentives bonus tied to the overall business performance. The firm offers an outstanding and comprehensive benefits package:
- Medical, dental and vision coverage for employees and their families, including eligible domestic partners.
- A 401(k) plan with matching program
- Paid Parental Leave up to 12 weeks
- Profit sharing as a discretionary contribution to employees’ retirement accounts
- Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason.
- Adoption assistance
- Milliman covers 100% of the premiums for life insurance, AD&D, and both short term and long term disability coverage
- Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs
ABOUT MILLIMAN
Milliman is among the world’s largest providers of actuarial, risk management, and related technology and data solutions. Our consulting and advanced analytics capabilities encompass employee benefits and investments, healthcare, property and casualty insurance, life insurance, and financial services. With more than 4,500 employees and offices in principal cities worldwide, covering markets in North America, Latin America, Europe, Asia and the Pacific, the Middle East, and Africa, the firm serves the full spectrum of business, financial, government, union, education, and nonprofit organizations.
HIRING PRACTICES
Our company is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law. Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the HR department.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
