SPONSORSHIP IS NOT AVAILABLE FOR THIS OPPORTUNITY

Who We Are

Milliman FRM LLC is seeking an ETF Portfolio Analyst to join its Portfolio Management Group in Chicago. Currently the group manages 80 ETFs with AUM totaling approximately $6 billion across multiple strategies and there are plans to launch additional funds in the near future. The analyst will work closely with portfolio managers to implement passive investment strategies with an emphasis on minimizing tracking error and achieving tax efficiency. At any given time the portfolios may hold various financial instruments including equities, treasuries, futures, swaps, and options depending on the specific strategy and market conditions.

What You Will Do

The new analyst will play a critical role in the organization’s growing ETF sub-advisory business.

You will:

Review corporate actions and index changes in order to calculate and execute rebalancing trades

Maintain proprietary trading models and evaluate their output

Implement tax efficient strategies including the use of custom in-kind baskets and tax loss harvesting

Create portfolio listing files (PLF) and validate portfolio composition files (PCF) for each ETF

Reconcile fund NAVs and cash-related basket data points nightly

Perform attribution analysis of historical ETF returns

Monitor secondary market trading and communicate with market makers as needed

Complete ad hoc projects and respond to inquiries from clients

Job Knowledge, Experience Skills

Job Knowledge Required

A Bachelor’s in business, finance, economics or similar degree required

3-5 years of experience in fixed income or derivatives portfolio management, trading, fund accounting, corporate actions processing, or index research (experience with ETFs is desirable)

Experience and Soft Skills Required

Familiarity with the different stakeholders in the portfolio management process including Fund Accounting, Custodian, Transfer Agent, and Distributor is desirable

Strong Excel skills, familiarity with VBA is a plus

Strong analytical and information technology skills

Experience with Bloomberg

Strong communication skills and the ability to clearly and quickly communicate ideas and recommendations verbally and in writing

Ability to multitask and thrive in a fast-paced environment

Maturity, good judgment, and a professional demeanor

Enrolled or seeking to enroll in the CFA or FRM program

Additional Knowledge and Skills to Build

Sharp critical thinking skills, sound judgment and decision making ability, and both the ability and willingness to clearly articulate your ideas

Demonstrated aptitude for quantitative and critical thought

Experience with financial markets, mutual funds, portfolio management, and derivatives

Experience coding complex projects in VBA

Experience working with databases (SQL, Access)

Experience coding in C#, Python or R.

Milliman Benefits

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual. We offer a competitive benefits package which includes:

• Medical, dental and vision coverage for employees and their dependents, including domestic partners 
• A 401(k) plan with matching program, and profit sharing contribution 
• Employee Assistance Program (EAP) 
• A discretionary bonus program 
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
• Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period 
• A minimum of 8 paid holidays
• Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage 
• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs 

Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.