Portfolio Management Analyst
Aegon · United States
- Hybrid
- Full-time
- $87,000 / year
- United States
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Job highlights
- Analyze fixed income portfolios and investments.
- Develop analytical models for asset selection.
- Research markets and conduct capital allocation.
- Prepare materials for senior leadership.
- Monitor portfolio positioning and risk limits.
About the role
Portfolio Management Analyst
Aegon is seeking a Portfolio Management Analyst to support institutional fixed income portfolio management within an insurance general account framework. This role involves investment analysis, regulatory capital evaluation, and cross-functional collaboration.
Responsibilities
- Build and maintain analytical models for asset selection, relative value assessment, spread analysis, cash flow projections, deployment planning, and scenario analysis.
- Conduct sector, issuer, and market research to support portfolio construction, rebalancing, and capital allocation decisions across liability-backed portfolios.
- Support medium-term plan development, strategic asset allocation execution, and deployment projections through data preparation, quantitative analysis, and presentation materials for senior leadership and board audiences.
- Monitor portfolio positioning against investment mandates and approved guidelines, track risk limit utilization and flag deviations from the strategic asset allocation framework.
- Assist in the preparation of investment memos, due diligence materials, and governance documentation for new and existing fixed income investments.
- Support identification, evaluation, and selection of external investment managers, including investment and operational due diligence, documentation review, track record analysis, and reference calls.
- Monitor external manager performance, attribution, and compliance with fund terms; maintain manager tracking tools and reporting dashboards.
- Develop working knowledge of insurance regulatory capital frameworks, including NAIC, risk-based capital, statutory accounting, IFRS and GAAP.
- Coordinate with actuarial, risk, accounting policy, and derivatives teams on investment approvals, pricing strategy inputs, cash flow testing, and governance requirements.
- Build and maintain portfolio analytics, dashboards, and tracking tools using Excel, Bloomberg (including BQL), Aladdin, Clearwater, and available data platforms.
- Contribute to process improvement and documentation initiatives.
Qualifications
- Bachelor’s degree in a quantitative discipline.
- 1-2 years of relevant experience in fixed income investment analytics, insurance investments, or institutional asset management.
- Experience in a front-office investment role at a bank, hedge fund, asset management firm, or insurance company.
- Proficient in Excel.
- Experience using Bloomberg, BlackRock Aladdin, and Clearwater Analytics.
- Strong analytical skills with the ability to translate analysis into clear, actionable recommendations.
Preferred Qualifications
- Chartered Financial Analyst (CFA) or Associate of the Society of Actuaries (ASA) designation.
- Understanding of insurance asset management and asset liability management concepts.
- Familiarity with NAIC risk-based capital, statutory accounting, GAAP, and IFRS considerations.
- Working knowledge of fixed income analytics, including duration, option-adjusted spread, yield metrics, convexity, liquidity, prepayments, and defaults.
- Experience with general account investment assets, including fixed income securities, asset-backed securities, and alternative investments.
- Ability to query, join, and analyze large data sets to create repeatable analytical processes.
- Some exposure to the use of AI to support research, process improvement, and efficiency.
Working Conditions
- Office Environment.
- Occasional Travel: Internal travel as needed.
Key Skills/Competency
- Portfolio Management
- Investment Analysis
- Fixed Income
- Financial Modeling
- Excel
- Bloomberg
- Aladdin
- Clearwater Analytics
- Quantitative Analysis
- Insurance Investments
Skills & topics
- Portfolio Management
- Investment Analysis
- Fixed Income
- Financial Modeling
- Quantitative Analysis
- Asset Management
- Insurance Investments
- Bloomberg
- Aladdin
- Excel
- Analyst
- Finance
How to get hired
- Tailor your resume: Highlight quantitative skills and fixed income experience relevant to Aegon's needs.
- Showcase technical proficiency: Emphasize your experience with Excel, Bloomberg, Aladdin, and Clearwater Analytics.
- Quantify achievements: Use numbers to demonstrate the impact of your analytical contributions.
- Prepare for case studies: Be ready to discuss your analytical approach to investment scenarios.
- Research Aegon's culture: Understand their focus on institutional investments and insurance frameworks.
Technical preparation
Practice Excel modeling and Bloomberg queries.,Review fixed income analytics concepts.,Familiarize with Aladdin and Clearwater.,Understand insurance capital frameworks.
Behavioral questions
Describe a complex analytical challenge you solved.,How do you collaborate with cross-functional teams?,How do you prioritize tasks and manage deadlines?,Explain how you translate data into recommendations.
Frequently asked questions
- What is the typical career path for a Portfolio Management Analyst at Aegon?
- A Portfolio Management Analyst at Aegon can progress into more senior analytical roles, portfolio management positions, or specialized areas like risk management or asset-liability management. The experience gained in analyzing fixed income, understanding regulatory capital, and working with sophisticated tools like Bloomberg and Aladdin provides a strong foundation for growth within the financial services industry.
- What specific financial modeling skills are most important for this Portfolio Management Analyst role at Aegon?
- For this Aegon role, crucial financial modeling skills include building and maintaining models for asset selection, relative value assessment, spread analysis, cash flow projections, and scenario analysis. Proficiency in Excel is essential, and experience with platforms like Bloomberg (including BQL) and Aladdin will significantly enhance your ability to perform these complex analyses.
- How does Aegon evaluate candidates for the Portfolio Management Analyst position?
- Aegon likely evaluates candidates for the Portfolio Management Analyst role by assessing their quantitative background, relevant experience in fixed income, and proficiency with key financial tools such as Excel, Bloomberg, and Aladdin. They will look for strong analytical skills and the ability to translate complex data into actionable recommendations, often through technical assessments and behavioral interviews.
- What kind of exposure to regulatory capital frameworks will a Portfolio Management Analyst gain at Aegon?
- A Portfolio Management Analyst at Aegon will develop a working knowledge of insurance regulatory capital frameworks, including NAIC, risk-based capital, statutory accounting, IFRS, and GAAP. This exposure is vital for understanding how investments impact an insurance company's financial health and compliance.
- Can I apply for the Portfolio Management Analyst job at Aegon if I have less than 1 year of experience?
- The Portfolio Management Analyst role at Aegon typically requires 1-2 years of relevant experience in fixed income investment analytics, insurance investments, or institutional asset management. While entry-level candidates with a strong quantitative background and internship experience might be considered, meeting the stated experience requirement is generally preferred.
- What is the significance of BlackRock Aladdin and Clearwater Analytics for the Portfolio Management Analyst role at Aegon?
- Experience with BlackRock Aladdin and Clearwater Analytics is highly valued for the Portfolio Management Analyst role at Aegon because these platforms are essential tools for portfolio management, risk assessment, and reporting. Proficiency with these systems demonstrates a candidate's readiness to contribute effectively to the team's daily operations and analytical tasks.