Senior Associate, Alternative Investments

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Investments

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$123,400.00 - $203,600.00

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The Investment Senior Associate will serve as an integral member of the Alternative Investments team working collaboratively with the Co-Chief Investment Officer and others to manage and execute multiple aspects of the investment process. This role is responsible for conducting financial, qualitative and quantitative analysis to invest in private equity funds, hedge funds, and other alternative asset classes.

What Will You Do?

• Manage investment process tasks: origination, perform due diligence, investment recommendation, and assist counsel in closing legal documentation
• Monitor and analyze the existing portfolio: track individual funds’, sub-strategies’, and portfolio performance as well as managers’ team developments
• Participate in meetings with prospective and existing investment managers and attend managers’ Annual Meetings
• Assist in due diligence of co-investment opportunities
• Maintain current knowledge of global capital markets and macro/microeconomic conditions to best determine how these conditions impact or present opportunities for the portfolio.
• Develop and maintain productive working relationships with internal team members and key external contacts to stay abreast of timely investment information and opportunities.
• Demonstrate a solid working knowledge of industry/asset class/collateral and commonly utilized performance metrics as well as historical, current, political, regulatory and legal environment factors impacting outlook.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• MBA or MS in Finance, Accounting, Statistics, Economics, Mathematical Sciences, Engineering, Business, Data Analytics or related focus of study.
• 7+ years of institutional investment management experience, within the Alternative Investments space.
• Experience investing across asset classes especially alternative asset classes including hedge funds, private equity, and venture capital.
• Ability to conduct investment research with minimal direction.
• Ability to communicate effectively and to defend investment recommendations and opinions to influence portfolio outcomes.
• Valuation discipline, knowledge of accounting methodologies and ability to evaluate capital allocation decisions.
• Remain current regarding market, political and economic developments and relate this information to investment research.
• Extensive financial modeling skills.
• Strong attention to detail and highly analytical.
• Strong knowledge of quantitative techniques and risk management.
• Strong interpersonal and communication skills, including presentation skills.
• Experience utilizing investment related analytical tools such as Bloomberg, FactSet, BARRA, or Thomson-Reuters.
• Experience utilizing artificial intelligence for data analysis and investment presentations.
• Experience with FrontInvest or comparable alternative assets accounting and reporting software.
• Strong knowledge Microsoft Office Suite – Word, PowerPoint and Excel.
• Chartered Financial Analyst Designation (CFA) or Chartered Alternative Investments Analyst (CAIA).

What is a Must Have?

• 5 years of institutional investment management experience.
• Bachelors degree in Finance, Accounting, Statistics, Economics, Mathematical Sciences, Engineering, Business or related focus of study.