Overview

Join our growing Investment Planning Services (IPS) team!

State Farm Investment Planning Services (IPS) team is seeking a Portfolio Manager in its State Farm Investment Management unit (SFIM). Reporting to the head of State Farm Investment Management (SFIM), you will lead quantitative research and asset allocation analysis for State Farm’s Advisory model portfolios. You will employ a proactive data-focused approach to investment research, capital markets analysis and portfolio management to help the team formulate investment themes and asset allocation positioning (i.e. strategic and tactical), during the entire lifecycle of model portfolio management. In this position, you will also lead in the formation of investment outlook, content and advisor/agent education; participating the due diligence and fiduciary oversight responsibilities of various IPS investment/product platforms; creating and establishing State Farm’s footprint and point-of-view on investing for State Farm agents and retail customers. Additionally, you will collaborate with other SFIM colleagues, as well as members of IPS teams across the organization in the execution of various research projects. Some travel to SF Agent offices/customer mandates and conferences nationwide may be required for this role. When not traveling, this person will work from State Farm’s Dallas office.

Responsibilities

As a Portfolio Manager you will:
• Lead the work of modeling and forecasting of Capital Market Assumptions (CMAs), including literature review of current academic and practitioner whitepapers.
• Lead the development and maintenance of the Strategic Asset Allocation (SAA) for State Farm Advisory Model Portfolios, including research on portfolio optimization, Monte Carlo simulation, factor modeling, return/risk attribution, and current market conditions.
• Lead the team’s proprietary Manager Research and Selection (MR&S) process for Exchange-Traded Funds and Mutual Fund Investment strategies. Manage fund external relationships, attend and summarize quarterly manager calls.
• Direct the ongoing Portfolio Management by using State Farms investment models, systems and software (i.e. proprietary and 3rd party).
• Participate in the management of State Farm Model Portfolios. Lead in the generation and maintenance of SFIM investment reports, data sets, performance reporting (i.e. SF models) and broader analytical infrastructure.
• Develop and execute model portfolio trading and rebalancing rules across State Farm’s suite of Advisory model portfolios and provide on-going oversight of the process/execution.
• Formulates investment outlook, content and advisor/agent education; creating and establishing State Farm’s footprint and point-of-view on investing for SF agents and retail customers. Collaborates with team members and internal IPS departments to execute SFIM & IPS publications and collaterals on a periodic (i.e. weekly, monthly, quarterly)
• Serves as the team’s subject matter resource on investment models, systems and software (i.e. proprietary and 3rd party)
• Ability to manage a team of investment professionals (if assigned). Providing general guidance to junior team members on various projects
• At State Farm, we also offer a wide array of development opportunities and a bright, fresh work environment at CityLine DFW.

Qualifications

Candidates may be considered for either the Associate Portfolio Manager level or the Portfolio Manager level; leveling is determined throughout the interview process.
• Bachelor’s degree or higher, with a completed Bachelor’s degree preferred
• 8+ years of experience in asset management and/or wealth management, focusing on asset allocation, portfolio management, or research
• 6+ years of direct experience in multi-asset portfolio management, asset allocation, and/or quantitative investment research
• 6+ years of experience in investment strategy/manager due diligence, open architecture, and oversight of traditional and alternative investment strategies
• Proficient knowledge and direct experience in at least three of the following areas: strategic/tactical asset allocation formation, capital market assumption development, portfolio optimization methods, factor risk/return modeling, and Monte Carlo simulation. Knowledge of insurance products/industry is a plus.
• Strong understanding of multi-asset class investing, with hands-on experience and expertise in both top-down and bottom-up investment analysis, including primary research and assessment of third-party analysis.
• Detailed knowledge of securities, such as stocks, bonds, mutual funds, ETFs, SMAs, alternative investments, and options strategies.
• Solid understanding of the investment advisory business, including different advisory program types.
• Previous experience working directly with clients, with strong presentation and writing skills.
• Self-motivated individual who takes ownership of initiatives and thrives in a dynamic team environment.
• Progress towards or completion of the CFA charter or a comparable designation.
• FINRA Series 7 and 66 required, or willingness to obtain the registrations shortly after hire.

Preferred Qualifications
• Master’s degree in finance, economics, mathematics, financial engineering or a related quantitative field is preferred.
• 5+ years of direct experience with third-party investment and risk management systems/tools. (i.e. MSCI Barra, Bloomberg, Morningstar Direct, etc).
• Programming skills desirable: C++, Python, Matlab, etc. Proven ability to develop complex data models in Excel preferred.

Join State Farm!

As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.

We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!

Visit our Careers page for more information on our benefits, locations and the process of joining the State Farm team!

REMOTE: Qualified candidates (outside of hub locations listed below) may be considered for 100% remote work arrangements based on where a candidate currently resides or is currently located.

HYBRID: Qualified candidates (in or near hub locations listed below) should plan to spend time working from home and some time working in the office as part of our hybrid work environment.

HUB LOCATIONS: Dunwoody, GA; Richardson, TX; Tempe, AZ; or Bloomington, IL

SPONSORSHIP: Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity

For Los Angeles candidates: Pursuant to the Los Angeles Fair Chance Initiative for Hiring, we will consider for employment qualified applicants with criminal histories.

For San Francisco candidates: Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

For Colorado, NYC and CT candidates:

Potential salary range: $120,000 – $220,000

Competitive benefits, including:
• 401k Plan
• Health Insurance
• Dental/Vision plans
• Life Insurance
• Paid Time Off
• Annual Merit Increases
• Tuition Reimbursement
• Health Initiatives

For more details visit our Benefits Summary page

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Tagged as: Portfolio manager