Senior Fund Manager

Join a great place to work with MissionSquare Retirement, a FINANCIAL SERVICES LEADER in public sector employee retirement products and services. Headquartered in Washington, DC, MissionSquare Retirement was founded to provide portable retirement benefits for city and county managers, enabling accumulated retirement assets to be transferred between employers. Today, MissionSquare Retirement serves more than 1.5 million participant accounts, and more than 9,000 retirement plans across the country. We have an extraordinary talent base and invite you to consider joining MissionSquare Retirement's Investment Team.

The Senior Fund Manager, Stable Value, will take a lead role in the co-management of proprietary stable value funds/portfolios and oversight of certain fixed income funds/portfolios and external asset managers. Such responsibilities will include working with the Acting Head of Fixed Income and other senior investment personnel, in developing and implementing stable value fund/portfolio strategies and the negotiations of stable value contracts.  In addition to other responsibilities assigned, the Senior Fund Manager will also be integral in planning, managing projects, making stable value portfolio presentations to current and potential clients/consultants, and liaising with other divisions of the Corporation and with external parties. 

Essential Functions for this role include:

• Management of proprietary stable value funds/portfolios
  • Work with Acting Head of Fixed Income and other senior team members in the negotiations of contract terms/guidelines with stable value issuers. Analyze stable value investment contractual terms/guidelines and work with in-house counsel on reviewing and updating contracts.
• Work with the Acting Head of Fixed Income and other senior investment personnel in developing and implementing fixed income/stable value fund/portfolio strategies
  • Conduct research to support and determine optimal portfolio structure, asset managers and asset allocation.
  • Manage cash flows and/or the rebalancing of certain funds and portfolios.
  • Develop, establish and implement appropriate investment policies, guidelines and procedures.
  • Implement the changes needed including working with asset managers, issuers, other external parties and different groups within the Corporation.
  • Stay updated and provide input on the stable value industry, financial markets, the economy and fixed income markets.
  • Support Sales in the marketing of stable value products through presentations, research, analysis, written reports and “request for proposal” reviews/responses utilizing stable value and fixed income specific knowledge.

• Research, review, write, and as needed, present routine and ad hoc reports of stable value portfolios, issuers and asset managers for different reporting needs.  Examples include information for internal groups/divisions, committee meetings, board reports, fund prospectus, regulation filings, clients and consultants.  

• Oversight of fixed income funds/portfolios and external fixed income managers
  • Perform due diligence (both qualitative and quantitative analysis) on funds/portfolios/asset managers.
  • Manage the due diligence process of existing funds/portfolios/asset managers including the relationships with asset managers.
  • Manage the implementation process of hiring and termination of asset managers.
  • Develop relationships with and perform due diligence on back-up and prospective asset managers.
  • Manage the investment guideline process (including negotiations, implementation, attestation and reporting) for portfolios/asset managers/issuers.
  • Support other Fund Managers through a team approach to provide continuity of daily management of other fixed income funds/portfolios.

• As assigned by the Acting Head of Fixed Income, the Senior Fund Manager may be responsible for other activities such as:
  
  • Developing and maintaining relationships with current and prospective issuers, other stable value managers, and consultants.
  • Assist in developing new stable value products.
  • Take a lead role in special investment related studies and projects including stable value thought leadership.
  • Manage projects common to fixed income team for internal groups such as Product, Compliance, Internal Audit, and Legal.
  • Manage relationships with outside vendors.
  • Work closely with the Acting Head of Fixed Income in developing analysts in the Fixed Income Group.

Required Skills/Knowledge/Experience:

• Investment experience with emphasis on stable value portfolio management and structuring

• Contract analysis and negotiations

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