Company :Highmark HealthJob Description :
JOB SUMMARY
This job is responsible for the planning and implementation of the investment strategy for the internally managed fixed income portfolios for the Organization and its subsidiary companies. The incumbent will evaluate trade ideas, conduct investment research on investment credit sectors and make recommendations for cross sector investments into the portfolio. The incumbent must be aware of the economic and political events that impact the financial markets and be able to project their impact to the portfolios under management to reduce the risk of loss and preserve principal under adverse market conditions. Investment risk shall be managed by diversification in asset classes, duration, income generation and liquidity determined by the line of business and investment policy guidelines.
ESSENTIAL RESPONSIBILITIES
- Maintain and establish relationships for trade execution, gather information on new security issuance and stay abreast of current investment ideas and trends. Create competitive trade options and gather and negotiate favorable terms on behalf of the corporation.
- Develop value based fixed income investment strategies using quantitative models, analytics and execute the implementation of the strategies by the Investment Portfolio Director. Execute trades and investment strategy on a best price/competitive bid basis and ensure proper trade settlement with various custody agents.
- Manage the integrity of the investment data on various external software packages in order to analyzes market risks. Based on these market trends, data analysis and yield curve dynamics, execute strategic transactions to generate income and manage duration exposures of internally managed long-term bond portfolios.
- Perform duties that support the liquidity management of the investment portfolios.
- Research and utilize technology improvements for trading execution, risk evaluation, and reporting on portfolio performance.
- Provide investment expertise in interactions with various finance functions.
- Other duties as assigned or requested.
EDUCATION
Required
- Bachelor's Degree – Finance, Mathematics, Accounting
Substitutions
- 6 years of related and progressive experience in lieu of Bachelor's degree
PREFERRED EDUCATION
- Master’s Degree – Finance, Mathematics, Accounting
EXPERIENCE
Required
- 5 years' experience in securities trading
- 3 years' settlement/back office experience in security delivery
- 3 years' experience utilizing trading/analytics software
Preferred
- 7 years experience in actively trading investment accounts
- 5 years investment experience in an insurance company , investment management firm or bank
- 5 years utilizing analytical tools such as Bloomberg, Yield Book, Bond Edge or similar tool
- Progress toward an MBA, Chartered Financial Analyst (CFA) certification, or Certified Treasury Professional (CTP) certification
SKILLS
- Strong communication skills
- Self-starter able to act proactively and solve problems
- Strong analytical skills
- Working knowledge of Yield Book, Bloomberg or comparable investment tool
PREFERRED LICENSURE
Chartered Financial Analyst (CFA) designation or Certified Treasury Professional (CTP) designation
PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS
Position Type
Office-based
Teaches / trains others regularly
Occasionally
Travel regularly from the office to various work sites or from site-to-site
Rarely
Works primarily out-of-the office selling products/services (sales employees)
Never
Physical work site required
Yes
Lifting: up to 10 pounds
Constantly
Lifting: 10 to 25 pounds
Occasionally
Lifting: 25 to 50 pounds
Rarely
Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.
Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.
As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy.
Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.
Pay Range Minimum:
$78,900.00
Pay Range Maximum:
$146,000.00
Base pay is determined by a variety of factors including a candidate’s qualifications, experience, and expected contributions, as well as internal peer equity, market, and business considerations. The displayed salary range does not reflect any geographic differential Highmark may apply for certain locations based upon comparative markets.
Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, age, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, age, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability.
EEO is The Law
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What We Do
Highmark Health, a Pittsburgh, PA based enterprise that employs more than 40,000 people who serve millions of Americans across the country, is the second largest integrated health care delivery and financing network in the nation based on revenue. Highmark Health is the parent company of Highmark Inc., Allegheny Health Network, and HM Health Solutions. Highmark Inc. and its subsidiaries and affiliates provide health insurance to nearly 5 million members in Pennsylvania, West Virginia and Delaware as well as dental insurance, vision care and related health products through a national network of diversified businesses that include United Concordia Companies, HM Insurance Group, and Visionworks. Allegheny Health Network is the parent company of an integrated delivery network that includes eight hospitals, more than 2,800 affiliated physicians, ambulatory surgery centers, an employed physician organization, home and community-based health services, a research institute, a group purchasing organization, and health and wellness pavilions in western Pennsylvania. HM Health Solutions focuses on meeting the information technology platform and other business needs of the Highmark Health enterprise as well as unaffiliated health insurance plans by providing proven business processes, expert knowledge and integrated cloud-based platforms. A national blended health organization, Highmark Health and our leading businesses support millions of customers with products, services and solutions closely aligned to our mission of creating remarkable health experiences, freeing people to be their best. Headquartered in Pittsburgh, we're regionally focused in Pennsylvania, Delaware, West Virginia and New York, with customers in all 50 states and the District of Columbia. We passionately serve individual consumers and fellow businesses alike. Our companies cover a diversified spectrum of essential health-related needs, including health insurance, health care delivery, population health management, dental solutions, reinsurance solutions, and innovative technology solutions. We’re also proud to carry forth an important legacy of compassionate care and philanthropy that began more than 170 years ago. This tradition of giving back, reinvesting and ensuring that our communities remain strong and healthy is deeply embedded in our culture, informing our decisions every day.
