Open Position: Investment Actuary
Job Description:
The Investment Team seeks a quantitative professional to join the dynamic Investment Risk and Analysis function. The individual will be responsible for providing authoritative analysis of pension and insurance liabilities and translating balance-sheet risk into actionable inputs for liability-driven investment and insurance asset solutions. This role partners closely with Portfolio Managers and Client Teams, providing advanced expertise in actuarial modeling, asset–liability analysis, risk quantification, and investment solution design support. The position reports to the Director of Investment Risk, Vice Chair of the Investment Committee and also offers regular interaction with senior Investment Team leadership, Research Analysts, Traders, Marketing, Performance, Technology, and Compliance Teams.
Responsibilities:
- Cultivate thorough understanding of IR+M’s investment philosophy, process and strategies
- Support investment decision-making through portfolio- and balance-sheet-level risk analysis, scenario testing, exposure decompositions, and other quantitative projects
- Analyze and model liabilities and evaluate portfolio construction- across duration, convexity, curve positioning, and inflation sensitivity- to assess asset–liability alignment and investment risk
- Partner with portfolio managers on the design, implementation, and monitoring of custom liability-driven and balance-sheet-aware investment solutions for pension and insurance clients
- Serve as a technical resource on current pension and insurance regulatory, accounting, and valuation frameworks and their implications for liability-aware investment strategies
- Contribute to investment risk analysis across broader fixed income strategies, including spread sectors, total return, and benchmark-relative portfolios
- Partner with Portfolio Managers, Research Analysts and Traders to provide analysis for internal Investment Team projects
- Respond to complex qualitative and quantitative investment requests from prospects/clients/consultants including attribution analysis, model portfolios, and scenario analysis
- Provide actuarial and investment expertise in cross-functional development of regular and ad-hoc communications collateral, including market commentary, thematic monitors, thought leadership, specialized reporting and custom presentation materials
- Join Client and Investment Team colleagues to present quantitative analysis and participate in custom solution discussions with external stakeholders as needed
- Develop in-depth knowledge of all proprietary and third-party tools and systems, becoming a “Power User” resource for colleagues across the Investment Team
- Establish strong working relationships across all functions within the Investment Team and with members of the Client Service Team
Required Skills and Experience:
- 10+ years of financial industry experience
- 6+ years of industry experience working with retirement plans, insurance company assets, or in a related OCIO or consulting role
- 3+ years of experience working in an actuarial capacity
- Expertise in actuarial and/or statistical work, including actuarial formulas, modeling methods, and quantitative procedures
- Experience with defined benefit pension plans and insurance products, including plan or contract design, liability modeling and projection, risk management, and strategic asset allocation
- Familiarity with pension and insurance regulatory frameworks, policy considerations, and relevant Actuarial Standards of Practice
- Strong background in fixed income markets
- Excellent quantitative and analytical skills with demonstrable ability to quickly understand new concepts
- Strong written, verbal communication, and presentation skills
- Critical thinker and proactive problem solver with commitment to excellence and accuracy
- Self-starter who can independently produce results while handling multiple priorities with limited oversight
- Strong organization, workflow, project management and process skills
- Flexible – ability to quickly change gears while juggling numerous tasks and projects
- Enthusiastic – team oriented, with willingness to pitch in to help others
- Collaborative mindset and ability to thrive in cross-functional environment are essential
Education Requirement:
- Bachelor’s degree required, concentration with heavy quantitative focus strongly preferred
- ASA/FSA designation or progress toward required
- CERA designation or progress toward preferred
- CFA Charter holder designation or progress towards preferred
What we offer you:
Joining the IR+M team is an opportunity to experience a unique and exciting culture and work environment. On a daily basis our employees are encouraged to personify our core values; working in a manner that emphasizes investment, respectful, positivity, and motivation across the business and in delivering results for our clien