Assistant Portfolio Manager - Allocation

Location
Charlotte, North Carolina (US)
Salary
$125,000 - $140,000 base plus benefits and variable comp
Posted
Jan 23, 2019
Closes
Feb 22, 2019
Industry Sector
Asset Management
Employment Type
Full Time
Education
Bachelors

Summary/Objective  

The Assistant Portfolio Manager (APM) is an integral part of the Horizon Investment Management team as well as an Assistant Portfolio Manager for Horizon’s global equity and fixed income portfolios. This person should demonstrate a strong understanding of an asset allocation framework, ideally in both global equity and fixed income markets.  A foundation for how to make investment decisions with respect to these allocation decisions is required for this role:

  • Equity vs. Debt
  • US equities vs. International equities
  • Developed vs. Emerging equities
  • Growth vs. Value equities
  • Small vs. Large equities
  • Credit vs. Treasuries vs. Mortgages
  • High Yield vs. Investment Grade
  • Short Duration vs. Long Duration

The APM should be able to articulate investment rationale for portfolio position with respect to these allocation decisions, generate independent trade ideas and research aimed at these decision points, and possess an understanding for how to attribute investment performance within the allocation framework.  Although not imperative, a working knowledge of ETFs is a plus. 

 Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

  1. Primary duty is portfolio management for global equity & fixed income portfolios. Provide Allocation input, recommendations, research, and ideas into weekly research meetings
  2. Ability to clearly articulate Investment Management’s views, positions, and performance, representing Horizon as a whole
  3. Proactively strive for research and process improvements
  4. Monitor portfolios for abnormal performance deviations relative to benchmarks and provide recommendation for portfolio changes, if necessary
  5. Perform some writing duties with respect to underlying portfolios
  6. Aid in preparation and presentation material for Board & Investment Committee reports
  7. Occasional education and training of internal staff or outside potential investors & partners
  8. Serve as emergency backup Portfolio Manager for other Horizon portfolios
  9. Adheres to and demonstrates Horizon’s corporate values on a consistent basis
  10. Communicate strategy and portfolio expectations

Competencies

Proactive, creative individual able to analyze quantitative and qualitative market-relevant data from a variety of sources and determine its ultimate impact on Horizon’s portfolios

  1. Excellent attention to detail and follow-through
  2. Ability to generate and effectively articulate investment views
  3. Demonstrated problem-solving expertise in working as part of a multidisciplinary team
  4. Good interpersonal and communication skills
  5. Self-motivated initiative to drive process improvements

Supervisory Responsibilities

None

Work Environment

This position works in a professional office environment.  This role routinely uses standard office equipment.

Position Type/Expected Hours of Work

This is a full-time position with a minimum of 40 hours of work expected each week.

Travel

Travel is expected approximately 5% of the time.

Required Education and Experience  

  1. Bachelor’s Degree with a business, finance, economics or similar emphasis
  2. At least one of:
  3. Three or more years of experience in an investment decision-making role, OR
  4. Relevant professional certification (e.g., CFA, CIMA, MBA) and three or more years of experience in an investment research or analyst role

Preferred Education and Experience

  1. Proven track record overseeing a broad range of asset classes and strategies
  2. A strong knowledge of asset allocation modeling, business cycle economics, and leading indicators is highly appreciated. Familiarity with multi-asset investing and financial market analysis is valued.
  3. Demonstrated ability and experience with investment portfolio activities, including client implementation, investment policy statements, asset allocations and on-going portfolio monitoring.
  4. Research mindset: high degree of curiosity, empirically driven, open minded

Evaluation Criteria

  1. Performance of investment portfolios relative to their respective Benchmarks & Peer groups
  2. Quality & measurement of original investment research
  3. Quality of research/vetting of others’ ideas
  4. Quality & timeliness of reports generated for attribution, risk management, board/investment committee reporting, etc.