Investment Professional - Strategic Asset Allocation
Nationwide Mutual Insurance Company, Columbus, Ohio, United States, 43224
As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! Let Nationwide help create your career journey! At Nationwide, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.**Location:** On-site/Hybrid in Columbus, OH**Job Summary:** *The Client Advisory Services – Pricing team works closely with portfolio and risk managers to connect the Office of Investments with life and annuity product pricing. We use creativity and investment and insurance product knowledge to evaluate new asset purchases for both new and existing Nationwide Financial products. We are highly collaborative and strategic, often managing many different objectives and technical perspectives. The ideal candidate will be skilled at complex and ambiguous quantitative problem-solving and an excellent communicator. This role offers the opportunity to be influential at a high level of organizational strategy and perform innovative analysis in the rapidly evolving fixed income industry.*This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.This position will be hired on a SuccessFlex basis.The hired associate must reside within 35 miles of the following location:Columbus: One Nationwide Plaza, Columbus OH, 43215Work schedule: 3 days in office, 2 days remote.**Job Description Summary**Our team provides client services related to Investment Management, Strategy and Asset/Liability Management (ALM). We create, maintain, and communicate asset allocation models to support and optimize product pricing strategies. Analysis is responsive to real time changes in market conditions to achieve the best results for clients.
The Investment Professional analyzes and maintains ALM models and investment policies to support optimal investment allocations to support product pricing.******Job Description********Key Responsibilities:*** Works independently, may require guidance on more complex judgements. Has an advanced understanding of Asset/Liability Management (ALM) and Strategic Asset Allocation (SAA).
Assigned to small-mid, less complex accounts.* Provide support and analysis for ALM models.* Analyze and recommend changes to investment policy targets and limits.* Build tools to evaluate reasonableness of models across stochastic scenarios.* Perform and streamline historical economic and market studies for use in ALM models.**Reporting Relationships:**
Reports to Senior Investment Professional or Investment Leader**Typical Skills and Experiences:****Education:** Bachelor’s degree in Finance or related field. MBA preferred. CFA designation or work toward designation preferred.**Experience:** 6 to 8 years of investment experience in asset/liability management (ALM), enterprise risk management (ERM), or similar field.**Knowledge, Abilities and Skills:*** Proven analytical ability combined with an excellent attention to detail* Knowledge of fixed income securities, including corporate bonds, CMO, MBS, ABS and commercial mortgage loans* Understanding of prepayment and default models* Proficiency with database tools and spreadsheets, specifically Access and Excel* Experience with fixed income portfolio modeling software* Experience with economic capital and rating agency capital requirements of various asset classes* Knowledge of econometric models and time series analysis as applied to economic analysis and financial/capital marketsOther criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.**Values:**
Regularly and consistently demonstrates Nationwide Values.**Job Conditions:****Overtime Eligibility:** Not Eligible (Exempt)**Working Conditions:** Normal office environment. Some travel may be required.**ADA:**
The above statements cover what are generally believed to be principal and essential functions of this job.
Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
**Credit Check:** Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.**Benefits**We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, .Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.
**NOTE TO EMPLOYMENT AGENCIES:**We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.The national salary range for Investment Professional : $112,000.00-$186,000.00The expected starting salary range for Investment Professional : $112,000.00-$186,000.00At Nationwide, we find purpose in protecting people, businesses and futures with extraordinary care – and we’ve been doing that since 1926. Our financial strength and caring culture extend beyond our associates into the communities we serve. You really can *feel* the difference at Nationwide, which is why we continue to be named one of the Fortune 100 Best Companies To Work For. Check out why others think we're , too, and let us know – #J-18808-Ljbffr
The Investment Professional analyzes and maintains ALM models and investment policies to support optimal investment allocations to support product pricing.******Job Description********Key Responsibilities:*** Works independently, may require guidance on more complex judgements. Has an advanced understanding of Asset/Liability Management (ALM) and Strategic Asset Allocation (SAA).
Assigned to small-mid, less complex accounts.* Provide support and analysis for ALM models.* Analyze and recommend changes to investment policy targets and limits.* Build tools to evaluate reasonableness of models across stochastic scenarios.* Perform and streamline historical economic and market studies for use in ALM models.**Reporting Relationships:**
Reports to Senior Investment Professional or Investment Leader**Typical Skills and Experiences:****Education:** Bachelor’s degree in Finance or related field. MBA preferred. CFA designation or work toward designation preferred.**Experience:** 6 to 8 years of investment experience in asset/liability management (ALM), enterprise risk management (ERM), or similar field.**Knowledge, Abilities and Skills:*** Proven analytical ability combined with an excellent attention to detail* Knowledge of fixed income securities, including corporate bonds, CMO, MBS, ABS and commercial mortgage loans* Understanding of prepayment and default models* Proficiency with database tools and spreadsheets, specifically Access and Excel* Experience with fixed income portfolio modeling software* Experience with economic capital and rating agency capital requirements of various asset classes* Knowledge of econometric models and time series analysis as applied to economic analysis and financial/capital marketsOther criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.**Values:**
Regularly and consistently demonstrates Nationwide Values.**Job Conditions:****Overtime Eligibility:** Not Eligible (Exempt)**Working Conditions:** Normal office environment. Some travel may be required.**ADA:**
The above statements cover what are generally believed to be principal and essential functions of this job.
Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
**Credit Check:** Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.**Benefits**We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, .Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.
**NOTE TO EMPLOYMENT AGENCIES:**We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.The national salary range for Investment Professional : $112,000.00-$186,000.00The expected starting salary range for Investment Professional : $112,000.00-$186,000.00At Nationwide, we find purpose in protecting people, businesses and futures with extraordinary care – and we’ve been doing that since 1926. Our financial strength and caring culture extend beyond our associates into the communities we serve. You really can *feel* the difference at Nationwide, which is why we continue to be named one of the Fortune 100 Best Companies To Work For. Check out why others think we're , too, and let us know – #J-18808-Ljbffr