Portfolio/Investment Analyst I

With more than 7,000 employees, we are the largest health insurance company in Michigan. We offer an exciting work environment with a diverse group of employees. Our goal is to make health insurance easier for our members. We want to transform the industry and become a resource that people can trust.

Detroit, MI

Blue Cross Blue Shield of Michigan

When you think of <a href="https://www.bcbsm.com/" target="_blank" rel="noopener noreferrer">Blue Cross Blue Shield of Michigan</a> for health insurance, you can know you&rsquo;re getting much more. We're a company founded on a tradition of affordable, quality health care for everyone, improving the present and investing in the future.<br /><br />We offer:<br />Plans for employers and individuals that meet today&rsquo;s needs, budgets and lifestyle<br />The largest network of doctors and hospitals in the state<br />Lower health care costs Higher quality health care<br />Award-winning diversity practices<br />Grants and programs that promote better health throughout Michigan<br /><strong><br />Mission:&nbsp;</strong>We commit to being our members&rsquo; trusted partner by providing affordable, innovative products that improve their care and health.<br /><br /><a href="http://www.bcbsm.com/index/about-us/our-company.html" target="_blank" rel="noopener noreferrer"><strong>Click here</strong></a> to learn more about our commitment to our Social Mission, view company updates and reviews, and view our awards &amp; accolades.<br /><br />Learn more about your options as an external candidate. <a href="https://bcbsm.taleo.net/careersection/2/jobsearch.ftl?lang=en" target="_blank" rel="noopener noreferrer">Click here</a> to view open positions. http://www.bcbsm.com

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Competitive Compensation and Benefits Package

Overview: Support the Portfolio Management team by providing essential portfolio management duties such as credit research, portfolio and market analyses, and the generation of value added recommendations.
Responsibilities: <ul> <li> <div><span style="font-family: Arial; font-size: medium;">Analyze investment opportunities and make recommendations on corporate bonds and various other securities for portfolio inclusion.<br /></span></div> </li> <li> <div><span style="font-family: Arial; font-size: medium;">Provide fundamental research analysis on investment-grade corporate issuers including financial statement analysis, bond indentures, etc.&nbsp;<br /></span></div> </li> <li> <div><span style="font-family: Arial; font-size: medium;">Assist with research and analysis of the U.S. Treasuries including yield curve analysis, inflation expectations, etc.<br /></span></div> </li> <li> <div><span style="font-family: Arial; font-size: medium;">Compose full credit write-ups for existing and new portfolio holdings and maintain a research database.<br /></span></div> </li> <li> <div><span style="font-family: Arial; font-size: medium;">Undertake ongoing critical monitoring of portfolio positions, including changes in views using published company and industry information.<br /></span></div> </li> <li> <div><span style="font-family: Arial; font-size: medium;">Determine, monitor, pledge and release the type/amount/location/availability of collateral which needs to be transferred in order to meet statutory and FHLBI compliance.<br /></span></div> </li> <li> <div><span style="font-family: Arial; font-size: medium;">Responsible for portfolio administrative duties such as trade and account settlement issues, discrepancies/disputes, and management of Special Order Payment Order charges.<br /></span></div> </li> <li> <div><span style="font-family: Arial; font-size: medium;">Act as liaison between investment accounting and portfolio management; transfer securities and cash between internal accounts.<br /></span></div> </li> <li> <div><span style="font-family: Arial; font-size: medium;">Maintain and monitor the Blackrock Aladdin system for accuracy of positions and portfolio characteristics.<br /></span></div> </li> <li> <div><span style="font-family: Arial; font-size: medium;">Work with internal and external auditors and custodian banks on security pricing issues.<br /></span></div> </li> <li> <div><span style="font-family: Arial; font-size: medium;">Other duties may be assigned.</span></div> </li> </ul>
Requirements: EDUCATION AND/OR EXPERIENCE <ul> <li>Bachelor's Degree in Finance or related field is required.</li> <li>MBA preferred.</li> <li>Four (4) years Investment/Treasury experience.</li> <li>CFA designation or progress towards CFA preferred.</li> </ul> OTHER SKILLS AND ABILITIES <ul> <li>Strong knowledge of Microsoft Office Suite applications (i.e. Excel, Word, PowerPoint, etc).</li> <li>Excellent analytical, written and verbal communication skills.</li> <li>Good knowledge of economy, investment markets, security attributes, accounting applications and ability to utilize Bloomberg software.</li> <li>Other related skills and/or abilities may be required to perform this job.</li> </ul> DEPARTMENT REQUIREMENTS <ul> <li>Must have expertise in the creation and modification of PowerPoint presentations for senior portfolio management staff.</li> <li>Must have excellent attention to detail, and ability to operate effectively with minimal direct, ongoing supervision.</li> </ul>