Investment Analyst Development Program Participant

Posted Yesterday
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St. Paul, MN
In-Office
82K-135K Annually
Entry level
Insurance
The Role
This position is part of a two-year program for developing investment analyst skills. Responsibilities include research and analysis in credit or quantitative tracks to support fixed income investment management.
Summary Generated by Built In
Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category
Investments

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range$81,500.00 - $134,500.00

Target Openings
4

What Is the Opportunity?
Applications for this posting will be reviewed on a rolling basis beginning in early September. We encourage you to apply as soon as possible.
Develop the skills, through independent and on-the-job training, to become an investment analyst. This two-year program introduces individuals interested in, and with an aptitude for, a career in the investment management industry to all aspects of the fixed income capital markets. The position will provide meaningful, challenging work opportunities in various areas of the fixed income department. The program is designed to emphasize one of two tracks: credit or quantitative. Both tracks involve project-oriented and recurring assignments in support of fixed income analysts and portfolio managers.
Applicants must be authorized to work for ANY employer in the U.S. The company does not sponsor/support H-1B petitions, TN, or Forms I-983/STEM OPT, for this role.What Will You Do?
  • Job duties will vary based on market conditions and department needs, with responsibilities expanding progressively as appropriate.

CREDIT TRACK:

Credit Research Associate Analysts play an active role in evaluating new and existing securities, sectors and asset classes. Core responsibilities include:

  • Gathering, reading and distilling data and information from a wide range of sources (e.g., prospectuses, financial statements, third-party research) pertinent to evaluating the creditworthiness of companies, municipalities and structured products.
  • Collaborating with senior investment analysts to produce investment recommendations.
  • Generating and presenting proprietary credit research on companies, municipalities and structured products.
  • Building spreadsheets and utilizing analytics software and databases (e.g. Bloomberg) for credit and industry analysis, surveillance and portfolio reporting.
  • Engaging with issuer representatives and third-party analysts at in-person or remote meetings and webcasts.

QUANTITATIVE TRACK:

Quantitative Research Associate Analysts play an active role in the use and development of models and processes for analyzing portfolio performance and risk. Core responsibilities include:

  • Utilizing modeling software, analytical tools, databases and other decision aids in support of portfolio, transaction and credit analysis needs.
  • Collaborating with senior investment analysts to create presentations for senior management.
  • Designing and building enhanced analytics for modeling fixed income securities.
  • Preparing reports designed to identify and/or monitor risk or aid in the analysis of portfolios, transactions, sectors or credits.
  • Creating quarterly reports to deliver to the Board of Directors.
  • Identifying and developing ideas, procedures, and technology that will improve the overall investment process.
What Will Our Ideal Candidate Have?
  • Team experience and internship or other practical work experience are required.
  • Candidates should demonstrate initiative, leadership, versatility, follow-through, the ability to deliver quality work, the ability to think analytically and to communicate effectively verbally and in writing.

SUGGESTED MAJORS:

  • Credit Track: Finance/Accounting, Economics, Political Science, Liberal Arts.
  • Quantitative Track: Engineering, Mathematics, Science, Computer Science.
What is a Must Have?
  • Bachelor's Degree with minimum GPA of 3.5.
What Is in It for You?
  • Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
  • Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
  • Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
  • Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. 

In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.

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The Company
HQ: New York, NY
35,118 Employees

What We Do

Travelers provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business. We have been around for more than 165 years and have earned a reputation as one of the best property casualty insurers in the industry because we take care of our customers, agents, brokers, communities and each other.

Every day, our approximately 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom and Ireland help provide peace of mind to our customers.

Our expertise and focus on innovation have made us an industry leader and the only property casualty company in the Dow Jones Industrial Average. Our history of advancements has propelled our company, and our industry, to deliver higher standards – from writing the first auto and space travel policies to founding the Travelers Institute for public policy and launching a hybrid car discount.

By minimizing risk, preventing loss and helping our customers prepare for the unknown, Travelers’ comprehensive products and services enable individuals and businesses to feel confident and secure about the future.

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