AMD, GSAM, Fixed Income Insurance, Portfolio Manager, Associate

Location(s) US-NY-New York
Job ID
2021-80135
Schedule Type
Full Time
Level
Associate
Function(s)
General
Region
Americas
Division
Asset Management
Business Unit
Public Mkts Inv/Portfolio Mgmt
Employment Type
Employee

MORE ABOUT THIS JOB

GOLDMAN SACHS ASSET MANAGEMENT

Goldman Sachs Asset Management (GSAM) is one of the world's leading investment managers. GSAM provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries, and geographies.  We help our clients navigate today's dynamic markets, and identify the opportunities that shape their portfolios and long-term investment goals. We extend these global capabilities to the world's leading pension plans, sovereign wealth funds, central banks, insurance companies, financial institutions, endowments, foundations, individuals and family offices.

RESPONSIBILITIES AND QUALIFICATIONS

GSAM is seeking a candidate for the position of Portfolio Manager (PM) in the Insurance Fixed Income team. The candidate will focus on the management of fixed income investment portfolios for insurance companies, supporting GSAM's team of Senior Insurance PMs.

GSAM's Insurance Asset Management team is an industry leader in the management of the investment portfolios of life and health, P&C and reinsurance companies. GSAM has a dedicated global insurance business including an insurance fixed income management team, a relationship management team and an insurance strategy team. Members of the team are based in New York, London, Germany, Switzerland, Japan and Asia. 

 

Job Summary & Responsibilities (External), Basic Qualifications, Preferred Qualifications

Responsibilities:

  • Private Placement Transaction Origination
    • Perform investment analysis and credit evaluation including financial modeling, company research, industry evaluation, and covenant analysis.  Formally document research in credit memorandum for peer evaluation.  Present investment opportunities to Credit Committee.  Relay deal specifics to Senior Insurance PMs for allocation decisions.
    • Establish and maintain relationships with Agent Banks to originate and evaluate Private Placements opportunities in the corporate, REIT, CTL, sports, and university sectors.
  • Portfolio Management
  • Track financial performance , industry trends, and regulatory changes of portfolio companies.  Monitor covenant compliance of required terms.  Prepare credit summaries for annual portfolio reviews. 
  • Maintain dialogue with Issuers, attend management meetings, and negotiate covenant and waiver requests.
  • Drive new business initiatives by analyzing prospective client portfolios, completion of request-for-proposal documentation in addition to providing broad support to Sales and Client Relationship Management teams.

Qualifications:

The successful candidate will be a self-starter, highly motivated, goal oriented, and highly quantitative. The candidate should possess experience in client-facing fixed income portfolio management, have a proven track record of responsibility and attention to detail, have extensive analytical skills, and will be capable of dealing with complex portfolio situations under time pressure.

  • Bachelors in Math, physics, hard sciences, computer science, engineering; economics or finance considered with strong quantitative background
  • Other backgrounds considered based on ability to demonstrate quantitative skills
  • 5+ years of experience in private placement fixed income or related field, specific insurance industry experience in addition to a CFA is a plus

 

ABOUT GOLDMAN SACHS

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html



© The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity