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Investments Municipal Associate Analyst

Allstate Insurance
dental insurance, paid time off, tuition assistance, 401(k)
United States, Chicago
Mar 24, 2023
The world isn't standing still, and neither is Allstate. We're moving quickly, looking across our businesses and brands and taking bold steps to better serve customers' evolving needs. That's why now is an exciting time to join our team. You'll have opportunities to take risks, challenge the status quo and shape the future for the greater good. You'll do all this in an environment of excellence and the highest ethical standards - a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities. Everything we do at Allstate is driven by a shared purpose: to protect people from life's uncertainties so they can realize their hopes and dreams. For more than 89 years we've thrived by staying a step ahead of whatever's coming next - to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We've been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We don't follow the trends. We set them. Job Header: Allstate Investments manages approximately $66 billion of assets. Our goal is to provide sustainable, competitive, risk-adjusted investment returns and investment related services for the benefit of The Allstate Corporation. We attribute our successful track record in large part to the quality of our people. The size of the investment group exceeds 300 individuals across a variety of investment disciplines including, fixed income, equities, private securities, commercial mortgages and derivative asset classes, as well as, finance and technology. We recognize that our employees are our ultimate advantage and we seek to attract and retain highly qualified individuals with strong academic backgrounds, a deep interest in investments and a desire to be challenged. You'll do all this in an environment of excellence and the highest ethical standards - a place where values such as integrity, inclusive diversity and accountability are paramount. Job Description: Assist the Municipal Analysts and Portfolio Managers (PMs) with fundamental credit analysis used for making timely investment recommendations in the portfolio. This job is an important part of the Municipal team and involves supporting analysts who follow designated industries and credits and making investment recommendations based on industry and municipality fundamentals. The ultimate goal of the research and recommendations is to help the portfolios deliver the best possible results for our clients. Our process is very team-oriented, with the analysts interacting with each other and the PMs on the trading desk on a continual basis. As such, the ability to work well within the group is critical. Key Responsibilities: The candidate will work closely with Research Analysts and PMs in assessing new deals as they come to market as well as maintaining coverage of existing names in the portfolio. This includes analyzing and monitoring municipal credit and industry trends reviewing financial statements, writing credit reports and updates, developing and updating financial models, reviewing key industry issues, monitoring changes in prices and spreads. Perform special analysis or ad-hoc projects. Develop knowledge of fixed income markets, particularly municipals. Contributing to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group. Supervisory Responsibilities: This job does not have supervisory duties. Education and Experience: 0-1+ years of experience Bachelor's degree in Finance or Accounting or other business-related discipline CFA Level I or higher preferred Additional Qualifications: General understanding of capital markets, quantitative methods, finance, economics and market cycles Research is both qualitative and quantitative in nature and requires an analytical thinker with an emphasis on the ability to translate analytical observations into supportable conclusions. Familiarity with financial modeling. Detail oriented with a commitment to high quality work product. Ability to think independently and assist in presenting a view point in a thoughtful and professional manner. Strong organizational skills - ability to perform tasks and achieve results independently and as part of a team, consistently meet deadlines, and prioritize multiple assignments effectively in a dynamic work environment. Excellent verbal and written communication skills - ability to interact effectively and professionally with a wide variety of internal constituents. Strong computer skills including Microsoft Office products and experience with Bloomberg preferred Compensation offered for this role is$90,000.00-$115,000.00 per yearand is based on experience and qualifications. The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen. Good Work. Good Life. Good Hands. As a Fortune 100 company and industry leader, we provide a competitive salary - but that's just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you'll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy. Learn more about life at Allstate. 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