Senior Investment Analyst

Senior Investment Analyst

As our Senior Investment Analyst, you’ll work at Progressive Capital Management (PCM), the investment subsidiary of The Progressive Corporation. PCM consists of a small group of investment professionals located in Norwalk, CT managing Progressive’s fixed income portfolio, currently in excess of $30 billion. The investment portfolio is managed on a total return basis. In this role, you’ll be responsible for the formulation and execution of Progressive’s investment strategy. You will conduct research analysis, with responsibility for executing purchases and sales. You will work closely with Portfolio Managers on security research and valuation, while maintaining relationships with dealers.

Duties & Responsibilities

  • Independently conducts fixed income research; analysis may focus on individual securities, sectors or the development of quantitative system analytics
    • Projects include analyses of individual securities, classes of securities and quantitative portfolio risk assessment
    • Classes of securities include, but are not limited to, corporate, agency, mortgage, CMBS, ABS, Municipal, preferred stock, and government bonds
  • Makes buy/sell recommendations
  • Develops and maintains sector and security information, including credit rating, duration and convexity
  • Assists Portfolio Managers in handling fixed-income investment activities for a group of clients or a fund
  • Executes fixed-income securities purchases and sales as authorized by Portfolio Mangers
  • Develops and maintains relationships with securities dealers
  • Provides Portfolio Managers with ongoing information about market sentiment and trading environment

Must have qualifications

  • Bachelor's degree and 5 years of relevant work experience (e.g., investment banking/firm, capital market); MBA and at least 1 year of related work experience strongly preferred 

What we also look for

  • Knowledge of fixed income markets, bond math, yield curve dynamics, accounting, corporate credit analysis, structured bond fundamentals, option pricing and theory, macro economics and market regulations
  • Demonstrated interest in corporate finance, accounting and fundamental investment analysis
  • Knowledge of current events and major macro-economic developments
  • Exposure to fixed income markets, bond math, yield curve dynamics and/or corporate credit analysis is helpful but not required
  • Capability to work independently and show initiative
  • Strong quantitative and PC skills 
  • Strong interpersonal and communication skills
  • Demonstrated team player

Our Company

As one of the largest auto insurance companies in the nation, Progressive offers the confidence and stability that comes with working for a growing, always evolving organization. As an employee, you will enjoy an inclusive environment that embraces strategic thinking, drive and passion. You’ll benefit from:

  • Annual gainshare bonus; Progressive rewards each of us with an annual bonus based on company performance
  • Restricted Stock Program
  • 401k which includes dollar-for-dollar company match of up to 6%
  • Dedication to work/life balance which includes flexible work arrangements and tools to support your lifestyle
  • Commitment to technology innovation through initiatives like our Business Innovation Garage where professionals can test new ideas, technology and prototypes
  • Dynamic company culture that encourages engagement, supports Employee Resource Groups, values your input and embraces a relaxed atmosphere
  • Onsite gym and wellness programs with discounts & rewards
  • Healthcare onsite and standard benefits (medical, dental, vision)

Sponsorship is not available for this position. Progressive generally does not sponsor foreign national candidates for work authorization except for positions that in Progressive’s determination require highly specialized knowledge and for which candidate sponsorship is appropriate.

Equal Opportunity Employer

 

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