Position Summary:Bayview Asset Management is seeking to hire an experienced investment professional to serve as an Assistant Portfolio Manager for Residential Whole Loans and Asset Based Finance (ABF) within its Insurance Asset Management team. Partnering with senior business and investment leaders across Bayview, the successful candidate will be a critical component of managing and scaling third-party insurance portfolios managed by Bayview's Insurance Asset Management team.
The Assistant Portfolio Manager will leverage their deep knowledge of insurance company investment needs, risk appetite, residential whole loan investments, and ABF investments to understand and achieve client objectives. This is an exciting and unique opportunity to bring deep expertise to a growing business within Bayview.
Essential Duties & Responsibilities:The following job functions are not all-inclusive. The employee will be required to perform other job-related tasks/responsibilities as requested. Job duties may change as required by needs of company.
- Work directly with existing and prospective insurance company clients to understand investment objectives and risk appetite.
- Develop and implement insurance-specific strategic and tactical asset allocation, utilizing Bayview investment products and market positioning within the Residential Whole Loan and ABF spaces to effectively match investment opportunities with client objectives.
- Identify, develop, and cultivate relationships with third-party clients, providing market insights and excellent client service.
- Collaborate with senior-level investment and company leadership to develop and execute strategic priorities for key relationships, as well as the overall Insurance Asset Management business.
Key Requirements:- Established experience in insurance portfolio management
- Deep knowledge of public and private fixed income instruments, particularly Residential Whole Loans and ABF strategies
- Strong understanding of insurance company regulations across various regimes; statutory and GAAP insurance investment accounting, risk management frameworks, etc.
- Experience managing portfolios with insurance specific asset / liability and capital constraints; ability to identify investment opportunities tailored to investor liabilities, convexity and credit risk tolerance as well as FHLB requirements
- Knowledge of formulating and implementing insurance-specific strategic and tactical asset allocation
- Strong relationship management focus, with ability to develop and manage relationships with prospective and existing clients.
- Strong written and verbal communication skills with internal and external stakeholders
- High attention-to-detail, time management, and organizational skills
- Ability to collaborate and thrive in a team environment; desire to contribute to team management and development as the business scales.
EDUCATION and EXPERIENCE:- Minimum of 8 years of experience in investment management, with a focus on managing insurance portfolios
- Undergraduate degree or higher; MBA and/or CFA preferred.
Compensation and location:- This role will be based in either Bayview's New York or Morristown, NJ offices.
- Base compensation is expected to be $150,000 - $250,000, with opportunity for incentive compensation including bonus and deferred compensation
