Senior Corporate Bond Portfolio Manager and Strategist

Senior Corporate Bond Portfolio Manager and Strategist

NYSIF Investments - New York City

Salary: $225,000-$275,000

Description:
In February 2022, the New York State Insurance Fund (NYSIF) was listed as the 37th Best Midsize Employer in America by Forbes. Under the general direction of the Chief Investment Officer (CIO) the Senior Corporate Bond Portfolio Manager and Strategist will oversee and coordinate a variety of complex duties related to the internally managed portfolios.

Illustrative Duties:
• Advising the CIO and other investment department staff as to the viability and risk/reward characteristics of various high-grade credit investment opportunities.
• Making recommendations concerning asset allocation.
• Maintenance of a thorough knowledge of the high-grade credit and government markets.
• Ensuring the timely and accurate execution of trades.
• Examining and analyzing market trends pertaining to high grade credit and making decisions in the best interest of the NYSIF.
• Coordinating and collaborating with the CIO as well as other investment staff.
• Keeping in compliance with investment policy guidelines.
• Executing trades in the high-grade credit sector for cash bonds.
• Evaluating and escalating complex issues or problems to management.
• Managing with the goal of outperforming against customized indices.
• Overseeing and supervising the purchase and sale of high-grade credit securities based upon ALM funding requirements, portfolio rebalancing, index migration, and research analysts.
• Formulating and executing strategies for optimal investment earnings for long-term investments.
• Maintaining contact with financial institutions, advisory groups and management staff on matters concerning fixed income investment policy and procedures.
• Manage the taxable municipal bond portfolio.
• Reposition the municipal portfolio away from tax-exempt bonds to high quality taxable securities.

Basic Qualifications:
Bachelor’s degree and seven (7) to ten (10) years of experience in institutional, fixed income corporate bond investing. Five (5) years of this experience must have included management/supervisory responsibility of traders, Junior PMs and potentially research analysts. Preference may be given to candidates who have obtained their MBA or Chartered Financial Analyst (CFA) credential (CFA study at any level a plus).

Seeking candidates with the following attributes:
• Experience with portfolio management software. Five years background and knowledge of analytic systems including Blackrock Aladdin and Bloomberg PORT (Intex a plus)
• Strong financial modeling skills
• Prior background in fixed-income analytics (equity market experience a plus)
• Competent programming skills (VBA) and proficiency in security modeling
• Deep interest in capital markets
• Solid mathematical understanding of fixed-income instruments

Primary Location: New York City
Travel: Minimal
Schedule: 9AM-5PM
Telecommuting: NYSIF has a telecommuting program

To Apply: Please email resume and cover letter to hrexec@nysif.com.

Please note the following New York State Civil Service employment information:
• Jurisdictional classification: Exempt
• Bargaining unit: Management/Confidential
• Civil Service title: Special Investment Officer

The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair marketplace and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere.

NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $22 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding.

In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 56,000 New York employers. In 2018, NYSIF added paid family leave as a component of its disability benefits product, providing New Yorkers with job protected, paid time away from work to care for their families.