Industry: Accounting, Finance & Insurance•
11 - 15 years
Posted 177 days ago
About Penn Mutual and Penn Mutual Asset Management
Since 1847, Penn Mutual has been committed to helping people live life with confidence. At the heart of this purpose is the belief that life insurance is central to a sound financial plan. Through our network of trusted advisers, we are dedicated to helping individuals, families and businesses achieve their dreams. Penn Mutual supports its advisers with retirement and investment services through Hornor, Townsend & Kent, Inc. Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. We are proud to work together in a values-driven and relationship-based culture.
Penn Mutual Asset Management (PMAM) is a registered investment adviser and wholly owned subsidiary of The Penn Mutual Life Insurance Company. PMAM is focused on risk-based institutional asset management, advisory and fund operation services. We are dedicated to creating value through a prudent, thoughtful, and rigorous investment decision-making process. We tailor our proven approach to generate solid risk-adjusted returns that result in consistent earnings, while balancing the need for capital preservation to achieve each client’s strategy and goals. As of September 30, 2017, Penn Mutual Asset Management manages approximately $24b in client assets, all of which is managed on a discretionary basis.
Penn Mutual’s Investment Philosophy
Investing is one of the company’s core-competencies as evidenced by our strong, long-term track record of absolute and relative performance. Our current strong capital base has been bolstered over the years due to a focus on total return in addition to generating income to support the company’s products. Our investment philosophy centers on a top-down and bottoms-up approach that looks to identify with relative value at the sector, industry, company, and security level. We believe that relative value can only be made by having a fundamental understanding of the cause and effect relationships that impact an asset class or security. Our mutual structure allows us to have a long-term focus and make the best long-term economic decisions for the company. We operate in a total return environment; however we must constantly balance that against the needs and constraints of the liabilities that our investments support.
Investment Team Member Expectations
Our success hinges on our team and our team’s ability to work together to achieve success. We are looking for confident, innovative and driven individuals who have a collaborative style that can contribute to our winning culture. We believe in open communication and the value of each individual’s opinion. We operate in a meritocracy where ideas and opinions are evaluated based on merit alone. As a result, portfolio decisions are influenced by the entire investment team and no one individual. We strive for excellence every day by aiming high and pushing each other to our individual limits to achieve success.
The Compliance Specialist will assist in the design, development and implementation of our Compliance Program. The purpose of our Compliance Program is to comply with laws and regulations that apply to investment advisers, as well as our internal policies and procedures designed to prevent, detect, and correct any violation of laws, regulations, or policies. Our Compliance Program is dynamic, and we periodically review the Compliance Program to provide assurance that it remains current with applicable laws and regulations and relevant to our advisory business model.
The Compliance Specialist will collaborate with Portfolio Management, Operations, Legal, Internal Audit, among others. We are looking for an execution-focused individual with a collaborative style who will support the strategic vision of the firm as well as contribute to our winning culture.
This position will support the Chief Operations Officer and Chief Compliance & Risk Officer of PMAM, a registered investment adviser offering investment management services to: affiliated insurance company general and separate accounts and other affiliated corporate entities; third-party U.S. institutional clients; registered investment companies; private funds; separately managed portfolios; and other pooled investment vehicles.