FMA Insurance Solutions, Associate

About this role

Insurance Solutions Strategist; Associate

The Global Insurance Solutions team, within the Financial Markets Advisory group, is a specialist, product agnostic investment strategy and structuring team, which focuses on insurance clients and serves the entire BlackRock platform. The team engages client businesses and portfolio managers across the whole firm to build new and innovative market leading investment solutions, and position existing BlackRock products, appropriately for our insurance clients. In addition, we engage with our insurance clients on complex investment strategy advisory engagements on asset allocation, risk and capital management, and peer analysis. 

The Insurance Solutions team is hiring for an Insurance Strategist in the Americas region. Insurance Strategists are regional insurance investment experts who assess local needs and work with client and investment teams to design and deliver appropriate mandates for insurers.

Responsibilities

• Complement BlackRock’s coverage of insurers (particularly C-Suite officers, the Head of ALM, the Chief Actuary and Head of Asset Allocation) through technical engagement of enterprise objectives and the implications of these objectives on their investment strategy with a view to building relationships based on knowledge and trust which lead to the origination of commercial opportunities
• Work directly with clients and internal partner teams on advisory engagements focused on asset allocation, risk and capital management, and ALM with a view to guiding the client towards the most appropriate investment solution or investment product given their unique considerations and objectives
• Support all internal portfolio management and product strategy teams, and all distribution channels across the platform, with insurance investment, regulatory, accounting and liability expertise to help them position or design investment management products and services in a way that is appropriate for insurers
• Develop a thorough knowledge of BlackRock’s capabilities, products and services, and integrate this knowledge into analytical solutions for insurers.  Identify gaps in existing provision and drive the development of new services
• Assist with the production of insurance focused research and thought leadership publications
• Maintain strong relationships with internal partners in the BlackRock Investment Institute (economists), Aladdin Financial Engineering (quantitative modelers), Financial Institutions Group (client relationship managers), and relevant investment teams to drive holistic portfolio solutions for insurers to generate strong commercial outcomes.

Skills / Qualifications / Experiences:

• At least 3 years of professional experience in insurance investment strategy or related experience gained via an asset manager, investment bank, consultancy, or insurance company
• Practical experience and/or knowledge of investment strategy design, asset classes, and asset-liability management techniques used by insurers
• Some familiarity with the accounting, regulatory, risk management and strategic frameworks under which insurers in the region operate
• Excellent communication skills and the ability to explain complex topics to non-technical individuals, both verbally and in writing
• Excellent problem-solving abilities, intellectual curiosity, and experience understanding and solving complex issues
• High level of integrity enabling the candidate to become a trusted partner to clients and peers
• Proficiency in Python, VBA, R, or other programming languages a plus
• Progress towards or attainment of professional designations such as CFA, FRM, CAIA, FSA, etc. would be viewed favorably, but not essential

 

For New York City only: The salary range for this position is $115,000 - $147,500. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the f