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Portfolio Manager – Insurance, FIG at PIMCO: leading FIG portfolio with quantitative optimization.
Hybrid role blending portfolio management with advanced quantitative optimization, focused on insurance and financial institutions clients.
FINANCIAL INSTITUIONS AT PIMCO
The FIG PM team reports to the Global CIOs and is responsible for ensuring our overall portfolio aligns with firm strategy. The FIG PM team is dedicated to covering insurance companies and banks and has direct accountability for the portfolios they manage. While FIG mandates may include constraints that restrict sectors and tools to implement themes, our portfolio managers use their expertise to ensure that themes are aligned with the firm’s outlook.
The FIG PM team is structured in a hub and spoke manner. As generalists, they partner heavily with specialist portfolio managers for sector insight. This structure leverages the resources of PIMCO’s extensive portfolio management capabilities to the benefit of our insurance clients. It allows FIG PMs to use specialists across the firm (e.g., corporate desk, ABS desk) to source individual positions while retaining responsibility for risk across the overall portfolio.
PIMCO manages >$400Bn in affiliated financial institutions assets and >$100Bn in unaffiliated global insurance assets.
JOB DESCRIPTION
We are seeking a hybrid role that will combine the expertise of a Portfolio Manager with strong quantitative skills in Optimization to support our Financial Institutions team at PIMCO in New York. This position will focus on managing investment portfolios for FIG clients while leveraging quantitative techniques to optimize risk-adjusted returns, both accounting returns (e.g., book yield and net interest income optimization) and economic returns (e.g., total return alpha, security rich/cheap analysis, sector relative value, etc.). The ideal candidate will possess a deep understanding of the insurance sector, fixed income / bond markets, along with exceptional communication and presentation skills to engage effectively with internal stakeholders and clients.
RESPONSIBILITIES
- Manage investment portfolios for insurance clients in a risk-aware manner, ensuring alignment with PIMCO’s broader investment strategies.
- Collaborate with other Portfolio Managers to develop and implement investment strategies that reflect the unique needs of FIG clients.
- Utilize quantitative techniques to optimize portfolio construction and enhance alpha generation through systematic frameworks.
- Partner with credit research, quants and trading teams to source bonds and implement quantitative signals for portfolio management.
- Conduct independent analysis and research to contribute to the broader PIMCO investment process, providing relevant market insights.
- Engage with high-profile clients, handling credit discussions and presenting investment strategies and performance updates.
- Support business growth by collaborating with account managers on new business initiatives, RFPs, and client presentations.
- Ensure compliance with regulatory guidelines and account restrictions in collaboration with compliance officers and account managers.
REQUIREMENTS
- 5+ years of experience in fixed income investment management, with a focus on the Financial Institutions/Insurance sector. Actuarial background preferred.
- Excellent verbal and written communication skills, with the ability to articulate complex concepts to diverse audiences. You must be excited to present and engage with senior internal and external stakeholders / clients.
- Strong quantitative skills, including experience in optimization and econometric/statistical modeling.
- Proficiency in Python programming and familiarity with non-traditional modeling techniques (e.g., machine learning) is a plus.
- Excellent analytical skills with a strong attention to detail and a results-driven mindset.
- A Master’s or PhD in a STEM subject or a related field is preferred. Actuarial designations are a plus.
- A collaborative mindset with the ability to work effectively across teams, including Portfolio Managers, Traders, and Credit Research Analysts.
- A strong work ethic, integrity, and the ability to remain composed in dynamic market conditions.
BENEFITS
PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and wellbeing of you and your family. These benefits include medical, dental and vision coverage from your first day of employment.
401k Savings and Retirement Plan
Work/Life Programs such as Flexible Work Arrangements, Parental Leave & Support, Employee Assistance Plan, and Educational/CFA Certification Reimbursement Programs.
Community involvement opportunities with The PIMCO Foundation in each PIMCO office.
PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.
Salary Range: $ 205,000.00 - $ 305,000.00
Equal Employment Opportunity and Affinitive Action Statement
PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.
Applicants with Disabilities
PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.