About this role
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 clients through 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 an Insurance Strategist at the Vice President level in New York. 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. While the nature of client engagements will be broad, a key focus of this role will be enhancing and executing our industry leading Peer Risk Study (PRS) of insurance enterprise and investment performance across Life, P&C, and Health insurers. BlackRock’s PRS is a crucial commercial campaign for BlackRock’s insurance business and is a key piece of collateral we use to engage our client base on the latest trends in insurance investment strategy and asset allocation. The production of the study requires coordination across multiple stakeholders and leverages a skillset comprised of advanced knowledge of fixed income and risk analytics, insurance asset management and the US insurance regulatory framework. BlackRock Aladdin is used to both facilitate the production of the study and to deliver differentiated risk and performance insights and analytics.
Responsibilities
• Continuously assess the quality and commercial impact of the BlackRock PRS and drive improvements in coordination with partner teams. Improve the design and documentation of the production process and identify ways to improve efficiency and stability. Develop insightful and relevant analytics and exhibits. Work towards assuming lead responsibility for both delivering and commercializing the PRS.
• Lead the production and client delivery of BlackRock’s PRS in collaboration with multiple stakeholders from BlackRock’s technology, analytics, relationship management and business development teams, leveraging support from a dedicated project manager and insurance strategists.
• Oversee the onboarding and subsequent analysis of CUSIP-level industry data onto BlackRock’s Aladdin platform, working with internal stakeholders and external data vendors, supporting the work of the Aladdin Data team, and performing quality control checks on the Aladdin portfolio output.
• Analyze and summarize insurers’ investment portfolios including calculating various portfolio summary statistics, fixed income analytics, and portfolio risk measures across individual company portfolios in a scalable manner.
• Lead the production of presentation materials in partnership with relationship management and business development professionals and oversee the production of final client materials.
• Partner with relationship managers in the delivery of peer studies to clients serving as a subject matter expert on our PRS capabilities, trends in insurance asset allocation, industry trends and BlackRock’s portfolio construction capabilities.
• Develop a thorough knowledge of BlackRock’s capabilities, products and investment and portfolio management services. Integrate this knowledge into our peer analysis capabilities and the broader range of client assignments. Identify and close gaps in existing capabilities and drive the development of new services.
• Assist with the production of insurance-focused research and thought leadership publications for clients.
• Maintain strong relationships across key stakeholders including Aladdin (portfolio management and analytics), BlackRock Investment Institute (economists), Aladdin Financial Engineering (quantitative modelers), Financial Institutions Group (insurance client relationship managers), and relevant investment teams to generate strong commercial outcomes from our peer analysis capabilities and the broader range of products and services that BlackRock offers to insurers.
Skills / Qualifications / Experiences:
• At least 5 years of professional experience in insurance investment strategy or related experience gained via an asset manager, investment bank, consultancy, or insurance company
• Direct experience leading high-profile, sophisticated technology or analytical projects at an insurer, asset manager, or related company is required
• Practical experience and/or knowledge of insurance regulatory reporting and insurance asset management is required. Practical experience and/or knowledge of Aladdin is helpful
• Some familiarity with the accounting, regulatory, risk management and strategic framew
Location: New York, NY
Posted: Aug. 21, 2024, 8:47 a.m.
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