[Remote] Portfolio Management Analyst

Note: The job is a remote job and is open to candidates in USA. Aegon is seeking a Portfolio Management Analyst to support institutional fixed income portfolio management through investment analysis and regulatory capital evaluation. The role involves building analytical models, conducting market research, and collaborating with cross-functional teams to aid in investment decisions and compliance.

Responsibilities

• Build and maintain analytical models for asset selection, relative value assessment, spread analysis, cash flow projections, deployment planning, and scenario analysis
• Conduct sector, issuer, and market research to support portfolio construction, rebalancing, and capital allocation decisions across liability-backed portfolios
• Support medium-term plan development, strategic asset allocation execution, and deployment projections through data preparation, quantitative analysis, and presentation materials for senior leadership and board audiences
• Monitor portfolio positioning against investment mandates and approved guidelines, track risk limit utilization and flag deviations from the strategic asset allocation framework
• Assist in the preparation of investment memos, due diligence materials, and governance documentation for new and existing fixed income investments
• Support identification, evaluation, and selection of external investment managers, including investment and operational due diligence, documentation review, track record analysis, and reference calls
• Monitor external manager performance, attribution, and compliance with fund terms; maintain manager tracking tools and reporting dashboards
• Develop working knowledge of insurance regulatory capital frameworks, including National Association of Insurance Commissioners (NAIC), risk-based capital, statutory accounting, International Financial Reporting Standards (IFRS) and General Accepted Accounting Principles (GAAP)
• Coordinate with actuarial, risk, accounting policy, and derivatives teams on investment approvals, pricing strategy inputs, cash flow testing, and governance requirements
• Build and maintain portfolio analytics, dashboards, and tracking tools using Excel, Bloomberg (including BQL), Aladdin, Clearwater, and available data platforms. Contribute to process improvement and documentation initiatives

Skills

• Bachelor's degree in a quantitative discipline
• 1-2 years of relevant experience in fixed income investment analytics, insurance investments, or institutional asset management
• Experience in a front‑office investment role at a bank, hedge fund, asset management firm, or insurance company
• Proficient in Excel
• Experience using Bloomberg, BlackRock Aladdin, and Clearwater Analytics
• Strong analytical skills with the ability to translate analysis into clear, actionable recommendations
• Chartered Financial Analyst (CFA) or Associate of the Society of Actuaries (ASA) designation
• Understanding of insurance asset management and asset liability management concepts
• Familiarity with NAIC risk‑based capital, statutory accounting, GAAP, and IFRS considerations
• Working knowledge of fixed income analytics, including duration, option‑adjusted spread, yield metrics, convexity, liquidity, prepayments, and defaults
• Experience with general account investment assets, including fixed income securities, asset‑backed securities, and alternative investments
• Ability to query, join, and analyze large data sets to create repeatable analytical processes
• Some exposure to the use of AI to support research, process improvement, and efficiency

Benefits

• Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

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