Insurance Strategy & Analytics Associate

EMPLOYER:         Neuberger Berman Group LLC

TITLE:                    Insurance Strategy & Analytics Associate

LOCATION:          Chicago, IL (A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with company policies.)

DUTIES:                Develop an infrastructure of analytical/quantitative capabilities to support business development efforts with insurance clients. Develop private equity stochastic model to generate the stochastic projections of Net Asset Value development and cash flows of diversified private market portfolios with varying levels of confidence by using Monte Carlo simulations. Extract useful information from historical data and unveil the intrinsic correlations among different fund types. Discover the most appropriate methodologies to model the behavior of different assets, i.e. Primaries, Co-investment, Secondary and Private Debt. Build a back solving tool to generate the commitment plan based on the various requirements on the outputs (Net Asset Value, Liquidity Buffer Ratio). Design and implement a user-friendly interface in Excel, using Excel and VBA programming. Add new functions to the peer analysis model, which performs high-level comparison of key characteristics (general account size, asset breakdown, expected return, duration, OAS, OASD) between the client and their peers. Implement k-nearest neighbors algorithm (k-NN, a popular machine learning technique) to perform company classification, to help identify the best peers. Implement and compare principal component analysis (PCA) and probabilistic principal component analysis (PPCA) while performing classification. Develop bond migration model to generate the stochastic projections of bond rating change over time with varying levels of confidence. Apply time series analysis and copula methodology from probability theory to extract the intrinsic correlation on the performance of bonds with different ratings. Generate a set of model portfolios built around the client’s liability characteristics and optimized to achieve client’s stated long-term investment objectives. Do tail risk analysis, the client’s exposure to a market crash, and unveil which activities particularly contribute to the tail risk exposure. Produce thought leadership by developing materials for industry presentations and white papers. Support institutional client coverage and portfolio management with input into the efficacy of various traditional and alternative investment strategies in an insurance company investment frame. Take the initiative in identifying and discussing relevant market, regulatory and industry issues with key clients on a proactive basis. Work with investment and distribution teams to prepare and deliver relevant analytics and maintain client dialogue.

REQTS:                  Must have a Master’s degree or foreign equivalent in Finance, Financial Engineering, Operations Research, or a related field plus three (3) years of experience in the asset management industry in the position offered, or as a Quantitative Analyst, or a related position. Must have three (3) years of experience with all of the following: Providing strategic investment advice to global insurance clients and prospects, including specifying, managing, and communicating the results of strategic asset allocation considering regulatory, accounting, and rating agency constraints and liability structure of insurance companies; Implementing portfolio optimization and Monte Carlo Simulations for performance projections and tail risk analysis using Python and R; Conducting research about insurance regulations for different regimes and implementing the rules in the portfolio optimization process; Providing investment strategies and monitoring portfolio performance for global institutional investors, including global insurance companies, pension funds, and family offices; Performing statistical analysis on large data sets utilizing statistical modeling, machine learning, and financial engineering methodology to address clients’ specific investment needs and objectives; Building Excel based data visualizations and Graphic User Interfaces (GUIs) utilizing VBA and Python; and Building and enhancing stochastic projection models to analyze private market investment strategies, including leverage buyout, venture capital, co-investment, secondaries, and private credit.

HOURS:                Full-Time; Mon-Fri (40 hrs/week)

SALARY:                $130,000 - $130,000 per year

TO APPLY:            Applicants should click Apply here or email resume to Neuberger Berman Recruiting team at nbcareers@nb.com and reference Job # R0010670 in the subject line. EOE/M/F/D/V.

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Compensation Details

The salary range for this role is $130,000-$130,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Neuberger Berman is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com.

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