Investment Associate

Join our growing Investment Planning Services (IPS) team!

State Farm Investment Planning Services (IPS) team is expanding and is seeking an Investment Associate in its State Farm Investment Management unit (SFIM). Reporting to the head of State Farm Investment Management (SFIM), you will support quantitative research and asset allocation analysis for State Farm's Advisory model portfolios. You will employ a proactive data-focused approach to investment research, capital markets analysis and portfolio management to help the team formulate investment themes and asset allocation positioning (i.e. strategic and tactical), during the entire lifecycle of model portfolio management. In collaboration with the SFIM Team you will contribute to the development and management of the group's investment infrastructure. Some travel to SF Agent offices and conferences nationwide may be required for this role. When not traveling, this person will work from State Farm's Dallas office.

We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!

HYBRID: Qualified candidates should plan to spend time working from home and some time working in the office (Tuesday, Wednesday, Thursday) as part of our hybrid work environment.

OFFICE LOCATION: Dallas/Richardson, TX - CityLine

SPONSORSHIP: Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity

Potential salary range: $104,000 - $175,000 + Potential yearly incentive pay up to 20% of base salary

Competitive Benefits, Including:

• Accrued Paid Time Off (PTO), plus:
• 5 days of Life Leave to take care of yourself and your family
• Paid Volunteer Time
• Annual Celebration Day to celebrate what's important to you
• Parental Leave for mothers and fathers
• Wellness and mental health programs
• 401(k) Savings Plan
• Medical, Dental and Vision
• Health Reimbursement Account, Health Care Flexible Spending Accounts, and Life Insurance
• Employee Resource Groups - State Farm's Good Neighbor Culture celebrates diversity and promotes an inclusive environment where all employees feel welcomed, valued, and respected. The State Farm Employee Resource Group (ERG) program is a key element in our Enterprise D&I Structure and Strategy.

As an Investment Associate you will:

• Contribute to the modeling and forecasting of Capital Market Assumptions (CMAs), including literature review of current academic and practitioner whitepapers.
• Assist in the development and maintenance of the Strategic Asset Allocation (SAA) for State Farm Advisory Model Portfolios, including research on portfolio optimization, Monte Carlo simulation, factor modeling, return/risk attribution, and current market conditions.
• Participate in the Manager Research and Selection (MR&S) process for Exchange-Traded Funds and Mutual Fund Investment vehicles.
• Support the ongoing Portfolio Management functions by using State Farms investment models, systems and software (i.e. proprietary and 3rd party).
• Lead in the generation and maintenance of SFIM investment reports, data sets, performance reporting (i.e. SF models) and broader analytical infrastructure.
• Assist the formation and execution of model portfolio trading and rebalancing rules across State Farm's suite of models/accounts and provide on-going oversight of the process.
• Collaborates with team members and internal IPS departments to execute SFIM & IPS publications and collaterals on a periodic (i.e. weekly, monthly, quarterly) and ad hoc basis.
• Providing general support to team members on various projects.

• Bachelor's degree or higher, with a completed Bachelor's degree preferred
• 3+ years of experience in asset management and/or wealth management, focusing on asset allocation, portfolio management, or research
• 3+ years of direct experience in multi-asset portfolio management, asset allocation, and/or quantitative investment research
• Excellent analytical skills, with the ability to comprehend broader market trends
• Detailed knowledge of securities, such as stocks, bonds, mutual funds, ETFs, SMAs, alternative investments, and options strategies.
• Solid understanding of the investment advisory business, including different advisory program types.
• Superior communication and interpersonal skills, and an enthusiasm to collaborate and learn alongside an experienced investment team
• Self-motivated individual who takes ownership of initiatives and thrives in a dynamic team environment.
• May need to obtain FINRA Series 7 and Series 66, post-hire or in the future.

Preferred Qualifications

• Master's degree in finance, economics, mathematics, financial engineering or a related quantitative field is preferred.
• Progress towards or completion of the CFA charter or a comparable designation.
• 3+ years of direct experience with third-party investment and risk management systems/tools. (i.e. MSCI Barra, Bloomberg, FactSet, Morningstar Direct, etc).
• 3+ years of experience in investment strategy/manager due diligence, open architecture, and oversight of traditional and alternative investment strategies
• Programming skills desirable: Python, R, Matlab, C++, etc. Proven ability to develop complex data models in Excel preferred.

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!

• Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
• Stay Well! Focus on you and your family's health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
• Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
• Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• Take a Little "You" Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
• Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
• Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!

PI268248724