The Senior Investment Analyst on the Retirement Solutions team will conduct in-depth asset allocation analysis, portfolio construction analysis, and investment vehicle analysis on retirement products using key modern portfolio theory statistics and techniques. Manage plan sponsor and plan participant client relationships, communicate project goals and deliverables status updates externally, and act as key investment resource clearly articulating complex financial concepts to individuals with varying experience levels. Identify and work with technology, operations, data groups and clients to resolve investment data issues. Lead and participate in testing projects to enhance investment methodologies, software functionality and processes within the server-based portfolio construction software APC (automated portfolio constructor). Mentor/train other investment analysts through meetings, emails and weekly calls with global employees. Act as subject matter expert applying reliable, well-researched decisions regarding fund treatment and fund allocations within portfolios. Participate in research efforts on the retirement industry with a focus on advice and managed accounts products and services. Assess the theoretical and practical implications of our methodology as you strive to innovate and improve our products and services.
The Senior Investment Analyst must construct and refine fund-specific portfolios for large institutional clients as part of Morningstar Investment Management's Advice and Managed Account service offering. He or she is expected to lead projects, support and partner with other team members and will be responsible for analyzing investment data to determine solutions for, including but not limited to, portfolio construction, determining asset class model portfolios, performing manager/fund selection including the ability to consider criteria such as style consistency, risk/return statistics, correlation to benchmarks, performing due diligence (both quantitative and qualitative), and recommending solutions and/or changes to client products, services and deliverables. The Senior Investment Analyst will work closely with all other members of the Retirement Solutions team including members of the investment team, client relationship managers, operations/technology, developers, senior management, and other team members around the world.
The Senior Investment Analyst is responsible for educating junior team members (Analysts) and promoting knowledge sharing across the team, while acting as a subject matter expert on more complex topics. Senior level responsibilities include performing secondary reviews of junior analyst fund portfolios, while refining any portfolios identified as suboptimal. The Senior Investment Analyst will lead projects between functional areas and company units while delegating tasks as he or she sees fit to more junior team members.
The Senior Investment Analyst will be responsible for submitting final recommendations on fund treatment, after incorporating input from junior analysts and conducting individual research. Finally, the Senior Investment Analyst will be responsible for conducting internal and client-facing presentations detailing the five-step portfolio construction process.
- Bachelor’s degree in Finance, Economics, or a related field
- 2years of experience working in the Retirement Plan Market
- 2years of experience in all of the following:
o Analyzing funds using both returns-based and holdings-based style analysis using an institutional-level software tool such as Morningstar Direct
o Applying financial techniques from modern portfolio theory, including statistical analysis, mean-variance optimization, efficient frontiers, alpha, tracking error, Sharpe ratio, and information ratio
o Using Morningstar's core investment methodologies, such as the Morningstar Style Box, Star Ratings, Analyst Ratings, and the5 Key Pillars
o Analyzing open and closed-end mutual funds, variable annuities, separate accounts, collective investment trusts, money markets, stable value and guaranteed investment contracts
o Working within a retirement-specific asset allocation framework that includes either glide-paths models, target-date and target-risk products, or a human capital/financial capital-focused investing approach
- 1year of experience creating fund-specific portfolios for retirement accounts, plan sponsors, endowments, foundations, trusts, or pensions
- Proficiency in VLOOKUPs and HLOOKUPs, Pivot Charting, conditional formatting and nesting functions in Excel
Morningstar is an equal opportunity employer.