Vice president and portfolio manager job description

Together we fight for everyone's opportunity for a better financial future.

We will do this together - with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone's access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with - and those we acquire throughout our lives - are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage - Apply Now

This position provides an opportunity to become a key contributor to Voya Investment Management's Insurance Portfolio Management Team. This team is the focal point for the stewardship and management of investment mandates for Voya's growing insurance distribution channel. In this role, the candidate will play a complementary role in portfolio construction decision-making.

The candidate should possess the professional and intellectual versatility to participate in and contribute to all aspects of the life cycle of the continued expansion of this critical growth area, including business development, portfolio management, idea generation and problem-solving, analytical support, client servicing and relationship management.

This role comes with significant opportunity to grow rapidly in complexity and responsibility based on your unique skills and the growth trajectory of our client base and the associated assets under management.

Key Responsibilities
In a team setting, the Insurance Portfolio Manager works with prospective and existing insurance company clients to define and understand their holistic investment needs.Based on this deep and multi-faceted understanding, you will help design an investment solution that reflects each client's unique requirements.Contribute to the implementation of each customized investment solution by coordinating the investment activity and decision-making of all the Voya asset sector specialists across all public and private fixed income asset classes and alternatives.Direct and coordinate internal non-investment expertise, including risk, tax, capital, legal, and accounting, to ensure an appropriate appreciation for those disciplines is incorporated into the investment decision-making process.Participate in the ongoing servicing of insurance client needs including providing analytical and informational support to investment strategy process, monitor and report on investment positions, produce scheduled and ad hoc reports on portfolio position and performance, monitor and report financial market data, and monitor portfolios for adherence to investment policy guidelines.Play a role in supporting all client's informational requirements including responding to requests for information from clients, preparing informational materials for weekly and monthly client communications, taking active role in creating quarterly investment reviews.Work with investment operations staff to help resolve any client-related administrative and investment operations issues as needed.Given the dynamic nature of the investment environment and effect that environment can have on an insurance company's investment requirements, you will assist in developing and executing proactive, creative ongoing initiatives intended to identify and satisfy client's evolving needs.While performing the role outlined above, you are responsible for understanding and following all firm policies and procedures.

Qualifications
A minimum of 6 years of relevant experience managing investment portfolios for an insurance company; will consider related work experience in lieu of direct insurance-related experience.MBA with emphasis in finance and accounting; CFA designation desired.Strong teammate.Excellent verbal and written communication skills.Excellent problem solving skills and strong analytical capabilities.Strong customer orientation.Knowledge of the following strongly desired:Public and private fixed income instruments and portfolio management Insurance company regulations Risk-based capital for insurance companies Statutory and GAAP investment accounting for insurance companies Insurance company products Asset-liability management in an insurance company environment Total return attribution PC skills and ability to use/learn analytical software

Be Well. Stay Well.
Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That's why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.

What We Offer
Health, dental, vision and life insurance plans 401(k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.Paid volunteer time - 40 hours per calendar year

Learn more about Voya benefits (download PDF)

Critical Skills
At Voya, we have identified the following critical skills which are key to success in our culture:
Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.Team Mentality: Partnering effectively to drive our culture and execute on our common goals. Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Learn more about Critical Skills

Equal Employment Opportunity
Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.

Reasonable AccommodationsWe are committed to maintaining a diverse workforce. This commitment governs all decisions related to employment, including selection, development and compensation. It also includes an employee's request for reasonable accommodation. All employees will be treated in a manner free from discrimination or harassment. Voya is committed to providing equal employment opportunities for persons with disabilities, including reasonable accommodation when needed. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please see our resources for applicants with disabilities.Misuse of Voya's name in fraud schemes

VP, Tax Credit Equity Portfolio Manager(985724)

Job Type

Full-Time

Category

NA

Location

Boston, Massachusetts , United States

Job Details

Division: Finance

Department: Accounting

Reports to: SVP Tax Director

Status: Exempt

Location: Remote Boston, MA or within MA, VT, CT, RI, NY

Purpose/Objective:

Coordinate with SVP of Tax regarding the Company's tax credit investment strategy with respect to the Historic Tax Credit, Energy Tax Credit, Low-income Housing Tax Credit and New Market Tax Credit. Involved in all aspects of federal and state tax credit investing and reporting. Pursue and acquire tax credit investments to reduce tax liabilities, contribute to earnings, and reduce the effective tax rate. Minimize exposures while providing potential Community Reinvestment Act and/or ESG benefits. Create efficient and effective tax credit investment procedures and work papers. Monitor compliance with tax laws and regulations and internal policies. Create synergies that reduce external costs.

Key Accountabilities:

+ Partner with internal lenders, external syndicators, developers and attorneys to source tax credit investment opportunities. Assess risk and negotiate favorable terms for partnership operating agreements while working closely with outside attorneys with respect to the overall legal structure. Responsible for reviewing financial projections, term sheets, underwriting documents and closing documents. Prepare internal rate of return schedules. Determine appropriate accounting methodology and maintain related impairment/amortization schedules. Project and minimize capital loss on disposition of investments to ensure realization of tax benefits. Interpret and comply with regulatory and internal hold limits related to tax credit investments.40%

+ Responsible for tax credit investment asset management process to minimize, monitor and assess risk. Comply with Policy requirements and best practices regarding tax credit investment risk management and work paper documentation, controls and memoranda. Manage and organize files. Monitor unfunded commitments and fund tax equity installments accordingly. Review investment results compared to projections over time. Request and review partnership returns and K-1s. Implement impairment methodologies, prepare monthly impairment entries. and ensure compliance. Responsible for reporting eligible tax credit investments to CRA group and Hold limit reports to Risk Management. Provide all tax credit related reports for the corporate tax provision, earnings release, and corporate income tax returns. Pursue applicable partnership distributions due to Berkshire Bank. Manage partnership exits and related capital gains or losses. 40%

+ Work closely with Tax Manager to supply all required tax credit related support for financial reporting. Assist with planning and modeling of projected tax credit investment benefits for current and future periods. Manage tax credit investment policies over time. Monitor risk/exposure, regulatory and internal hold limits over time. Provide requested tax credit investment documents upon audit. Assist tax dept team members with projects as needed.20%

+ Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one's duties.

Education:

+ Bachelor's degree in accounting or other four year degree with equivalent accounting experience

+ Master's degree in Taxation or CPA a plus

Experience:

+ Minimum of 10 years in Tax Accounting. Preferably a mixture of private and public experience

+ Banking industry or partnership tax experience a plus.

+ Minimum of 3 years experience with federal and state tax credit investments.

Skills & Knowledge:

+ Strong negotiation skills and business sense

+ Effective verbal and written communication.

+ Highly proficient in Excel, Word and PowerPoint.

+ Strong organizational skills.

+ Detail oriented with ability to see the big picture.

+ Process improvement and deadline driven.

+ Team player able to work in a fast paced environment.

Berkshire Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin.

Responsibilities

• North American Team Regional Lead and liaison to CCP Risk Credit Officers on contingent risk matters related to CCPs and markets
• Managing portfolio of CCPs with a particular focus on contingent risk exposures across asset classes which include:
  • Evaluate risk exposures and concentrations, material drivers of stress
  • Identify and analyse drivers and offsets to our risk exposures
  • Apply FSE concepts and knowledge towards dissecting CCP stress impacts
  • Partner with Front Office, Risk & Product Controllers to discuss trading strategies and decisions
  • Provide independent views on risk appetite, diversification opportunities to adhere to risk limits
  • Monitor market trends and events and evaluate how it impacts CCP portfolios
  • Consideration of concentration, liquidity and gap risk concepts as it applies to exposure analysis
  • Initiate and/or participate in Deep Dives, Ad-hoc Inquiries, Business trade approvals and other Senior Management or Business requests
• Develop an in-depth understanding of CCP risks and risk management frameworks to support team members
• Lead non-regional juniors to help train, support and develop their knowledge
• Develop analytical tools to efficiently build on informational reports for risk transparency by business
• Represent JPM externally at individual CCP risk industry working groups
• Provide input to other internal groups and lead external discussions with CCP risk professionals
• Cultivate and promote a DEI friendly and positive working environment and culture within the team

Qualifications

• Bachelors Degree in Mathematics, Economics or Finance, Masters Degree a plus
  
• 6+ years of work experience in financial services, including familiarity with Market risk management frameworks, financial modeling, and analysis , ideally in a counterparty or credit risk environment
  
• Strong familiarity with derivatives and traditional credit products as well as good understanding of market and credit risk measurement concepts with experience in underwriting, structuring, and negotiating loan, derivative, and liquidity management transactions
• Strong initiative, project management skills with ability to independently manage multiple priorities/ deadlines and proactively contribute and represent region in strategic global CRT-wide initiatives
• Excellent communication and partnership skills; strong interest in verbal interaction with ability to lead internal and external discussions with senior risk professionals, peer firms, clients, and regulators
• Solid control mindsight: ensure risk policy and processes are observed and controls are maintained and ability to challenge first line and escalate emerging risks or issues
• Strong attention to detail, excellent analytical skills, and ability to work under pressure
• Basic to intermediate Python and Tableau skills a plus
• Knowledge of CCPs, clearing businesses and derivatives-related regulatory and legislative agendas, including emerging CCP risk-related best practices a plus

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

Equal Opportunity Employer/Disability/Veterans