Careers

Careers

Portfolio Manager Fixed Income Credit

Company:State Board of Administration of Florida
Location:FL
Date:12/13/2018

Who we are

The State Board of Administration of Florida (SBA) provides a variety of investment and trust services to various Florida governmental entities. A key responsibility is to manage the assets of the Florida Retirement System Pension Plan, which is one of the largest public pension plans in the United States. The SBA’s primary focus is on investment management as it does not administer pension plan benefits. The SBA is responsible for administering the FRS Investment Plan (a defined contribution plan), the Lawton Chiles Endowment Fund, the Local Government Surplus Funds Trust Fund (currently known as Florida PRIME), the Florida Hurricane Catastrophe Fund and a variety of smaller funds.

At the SBA, we recognize that it is the talented colleagues behind our investment and trust management services who enable us to prudently balance risk and rewards and adhere to the highest professional and fiduciary standards. We are committed to seeking individuals who will enhance our team by contributing both to our knowledge pool and to the ethics and integrity that underscore our services.

What we need

The SBA is currently seeking a Portfolio Manager-Credit in our Fixed Income unit. The Portfolio Manager-Credit will manage monthly and daily reporting for the credit team, develop and revise data models, and track and prepare reports on economic conditions. This position has significant responsibility to identify alpha strategy opportunities and support the performance of the Fixed Income Asset Class. The Portfolio Manager-Credit reports to the Senior Portfolio Manager-Investment Grade Credit (SPM).

What you’ll do

• Analyzing fundamental and relative value research and providing written reports, for assigned credits held in the internal activity managed corporate bond portfolio
• Evaluating new issues brought to market daily for the internal active corporate bond portfolio
• Preparing and presenting economic reviews and tracks data of investor sentiment/anxiety cycles
• Managing and preparing monthly reports for ongoing monitoring of the internal actively managed corporate bond portfolio and weekly reports for classes B&D counterparties
• Constructing data models and performing research for identified alpha strategy opportunities and participating in Fixed Income Departmental special projects
• Interacting with SPM and other corporate credit PMs
• Analyzing fundamental research and provides written reports for short-term portfolio issuers within assigned sectors
• Performing other duties as assigned

What you should have

A bachelor’s degree from an accredited college or university in finance, mathematics, accounting, economics, statistics, business, computer science, Management Information Systems (MIS) and three years of related professional experience; A MBA or master’s degree in one of the specified fields and one year of professional experience.

Knowledge, Skills and Abilities:

• General Knowledge of Accounting
• General Knowledge of Corporate Finance & Competitive Strategy
• General Knowledge of Macroeconomics
• General Knowledge of Statistics
• Basic Corporate Credit Analysis Skills
• Basic Securities Valuation Analysis Skills
• Advanced Skills in Building and Manipulating Excel Spreadsheets
• Ability to Independently Drive & Complete Projects
• Ability to Assimilate a Large Volume of Complex Information in a Short Period of Time
• Ability to Quickly Weigh Pros and Cons of Inter-related Variables

Preferences:

• A degree in finance, business, accounting, computer science, MIS or other technical field
• Strong analytical background, with experience analyzing corporate bond fundamentals and relative value
• Excel-VBA programming skills
• Experience with Bloomberg and Barclays Point and other analytical tools/systems
• Chartered Financial Analyst (CFA)

What we offer
The SBA offers a competitive salary and an excellent benefits package including medical, dental, group life, short term disability, retirement and professional development opportunities.
What to do next
If this sounds like you, apply on-line at: https://jobs.sbafla.com