Fund Manager - ICMA-RC dba MissionSquare Retirement

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 Fund Manager - Stable Value will take an active role supporting management of the proprietary stable value funds/portfolios and supporting oversight of certain fixed income funds/portfolios and external asset managers.

Essential Functions for this role include:

• Management of sub-advised proprietary fixed income/stable funds and/or investment management 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 investment guideline process (including negotiations, implementation and adherence) for funds/portfolios/asset managers.
  • Support Senior Fund Managers and other Fund Managers through a team approach to provide continuity of daily management of other fixed income funds/portfolios.
  • Stay updated and provide input on the financial markets, the economy, fixed income securities, the mutual/commingled fund and stable value industries.
  • As needed, manage cash flows and/or the rebalancing of certain funds and portfolios.
  • Manage the hiring and termination process for asset managers.
  • Develop relationships with and perform due diligence on back-up and prospective asset managers.

• Research, review, write, and as needed, present routine and ad hoc reports of certain funds, portfolios 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.                                      

• • Assist the MVP, Fixed Income and/or other Senior Fund Managers in developing and implementing fixed income/stable value fund/portfolio strategies

• • Conduct research to support and help determine optimal portfolio structure, asset managers and asset allocation.
  • 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.

• As assigned by the MVP, Fixed Income, the Fund Manager may assist and be responsible for other activities such as:

• • Analyze stable value investment contractual terms/guidelines, work with in-house counsel on contracts and assist MVP, Fixed Income in the negotiations of contract terms/guidelines with stable value issuers.

• • Assist in developing and maintaining relationships with current and prospective issuers, other stable value managers, and consultants.
  • Assist in developing new stable value products.
  • Take an active role in special investment related studies and projects.
  • Assist in the investment management of Corporation’s fixed income portfolios and related activities.
  • Support marketing, sales or other communications efforts through research, analysis, written reports, “request for proposal” reviews/responses utilizing fixed income and stable value specific knowledge.
  • Manage projects common to fixed income team for internal groups such as Compliance, Internal Audit, and Legal.
  • Manage relationships with outside vendors.
  • Work closely with the MVP, Fixed Income and Senior Fund Managers in developing analysts in the Fixed Income Group.

If you have the following skills, we encourage you to apply:

• MBA/MA or equivalent experience

• Five to Seven years of experience
• CFA strongly preferred
• Knowledge of the investment industry, investments and its applications
• Strong organizational and analytical skills
• Proficient with MS Office ( Excel - spreadsheet analysis, PowerPoint and Word) and fixed income analytical software
• High level of attention to detail
• Proven ability to work independently and exercise sound judgment
• Ability to prioritize and manage multiple projects simultaneously including meeting strict datelines
• Ability to work effectively in a team environment across division lines
• Ability to develop alliances and relationships
• Ability to work effectively and professionally in a very fast-paced environment with often competing priorities
• Strong communication skills both written and oral
• Ability to provide effective presentations to both internal and external groups including Boards
• Investment experience with emphasis on fixed income portfolio analysis; investment and economic trends; broad knowledge of fixed income securities/stable value investments; attention to detail; and communication of investment-related information.

• Investment management experience with manager-of-managers, sub-advisory relationship, or manager evaluation is strongly preferred. 

 To benefit your career and support your wellbeing, we offer:

• Competitive Total Rewards (compensation and benefits) package, including 401(k) Plan with matching contributions
• Varied incentive plans
• Flexible/Hybrid work schedules
• Wellness programs
• Tuition reimbursement
• Professional and career development courses
• Mentoring programs
• Volunteerism program 

 As a company, MissionSquare Retirement is an Equal Opportunity Employer. We strive to create an environment that reflects the value and diversity of our employees and fosters respect among them. We believe that talent from diverse backgrounds will further enhance our ability, and mission, to serve those who serve their communities.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, or any other protected classifications under any applicable law.