Associate or Assoc Director - PMU - Reporting & Analysis

Depending on the candidates' experience this position may be an Associate or an Associate Director.

 

The Portfolio Management Unit of MetLife's Investment Department manages the assets versus the liabilities or financial promises that it has made to its customers. 

 

Determine in which portfolios to place all assets purchased and sold by MetLife and its affiliates, and to manage asset allocation across all portfolios to ensure that the allocation decisions maximize the company?s performance.  Each allocation must ensure that fair and equitable consideration is extended to all portfolios; and comply with all portfolio guidelines.

 

Review the current practices and procedures, and propose enhancements aimed at optimizing the risk adjusted return available to each entity and the enterprise as a whole.

 

Maintenance & reporting of derivative usage to ensure compliance with legal and other regulatory issues. Monitor derivative effectiveness compliance testing, tracking, and reporting. 

 

Principal Responsibilities

 
Partner with portfolio managers, trading desks, planning officers, and Investment Strategies to establish allocation guidelines and to ensure appropriate allocation of assets on a daily basis.
Responsible for establishing & maintaining the asset / derivative link in the Derivative Relationship Management System database. Monitor derivative effectiveness compliance testing, tracking, and reporting.
Develop a comprehensive understanding of the liability structure of portfolios we support, and ensure that the allocation logic is aimed at optimizing risk adjusted return and/or other prescribed strategies.
Meet all ALM objectives while remaining in compliance with regulatory statutes and internal investment guidelines. This includes ensuring that the allocations are fair and equitable to all parties.
Understand the regulatory environment, Investments' General Authorizations, investment guidelines, derivatives use plans, statutory and GAAP reporting, tax strategies, and allocations guidelines.
Develop and maintain scarce asset prorate tables.  Design and distribute a tracking tool which communicates actual allocations versus targets and communicates intended allocation strategies and results.
Develop and maintain policies and procedures for asset allocations and derivative testing.

Required Competencies
Strong communication skills.
Asset Liability Management and/or knowledge of Met?s liability and asset portfolios a plus.
Broad understanding of all asset sectors.
Strong PC skills
MBA, CPA preferred.
MetLife is an Equal Opportunity Employer.

Additional?Information

Position?Type:?Full Time, Employee
Ref Code:?0000020047
Number of Openings:?1
Travel paid for interviews??NO
Relocation expenses paid??NO
Percent of travel on the job:?5-15%
Company Code:?MetLife Group