Income Research Management Jobs (NOW HIRING)

Income Research + Management

Income Research + Management is a Boston-based, privately owned, fixed income asset management firm. IR+M delivers strong performance and consistent results through a rigorous, bottom-up security selection process and strives to provide best-in-class client service to our 900+ institutional and private wealth clients.

Founded in 1987 and located in the heart of Boston’s financial district, IR+M employs 200+ full time professionals and currently manages $135+ Billion in assets. We offer industry-leading benefits, as well as a challenging, collegial, and rewarding workplace with high levels of employee engagement.

IR+M implements a hybrid work model that will mix days with your team in the office and remote work, leveraging first class technology solutions.

Open Position: Investment Actuary

Job Description:

The Investment Team seeks a quantitative professional to join the dynamic Investment Risk and Analysis function. The individual will be responsible for providing authoritative analysis of pension and insurance liabilities and translating balance-sheet risk into actionable inputs for liability-driven investment and insurance asset solutions. This role partners closely with Portfolio Managers and Client Teams, providing advanced expertise in actuarial modeling, asset–liability analysis, risk quantification, and investment solution design support. The position reports to the Director of Investment Risk, Vice Chair of the Investment Committee and also offers regular interaction with senior Investment Team leadership, Research Analysts, Traders, Marketing, Performance, Technology, and Compliance Teams.

Responsibilities:

• Cultivate thorough understanding of IR+M’s investment philosophy, process and strategies

• Support investment decision-making through portfolio- and balance-sheet-level risk analysis, scenario testing, exposure decompositions, and other quantitative projects

• Analyze and model liabilities and evaluate portfolio construction- across duration, convexity, curve positioning, and inflation sensitivity- to assess asset–liability alignment and investment risk

• Partner with portfolio managers on the design, implementation, and monitoring of custom liability-driven and balance-sheet-aware investment solutions for pension and insurance clients

• Serve as a technical resource on current pension and insurance regulatory, accounting, and valuation frameworks and their implications for liability-aware investment strategies

• Contribute to investment risk analysis across broader fixed income strategies, including spread sectors, total return, and benchmark-relative portfolios

• Partner with Portfolio Managers, Research Analysts and Traders to provide analysis for internal Investment Team projects

• Respond to complex qualitative and quantitative investment requests from prospects/clients/consultants including attribution analysis, model portfolios, and scenario analysis

• Provide actuarial and investment expertise in cross-functional development of regular and ad-hoc communications collateral, including market commentary, thematic monitors, thought leadership, specialized reporting and custom presentation materials

• Join Client and Investment Team colleagues to present quantitative analysis and participate in custom solution discussions with external stakeholders as needed

• Develop in-depth knowledge of all proprietary and third-party tools and systems, becoming a “Power User” resource for colleagues across the Investment Team

• Establish strong working relationships across all functions within the Investment Team and with members of the Client Service Team

Required Skills and Experience:

• 10+ years of financial industry experience

• 6+ years of industry experience working with retirement plans, insurance company assets, or in a related OCIO or consulting role

• 3+ years of experience working in an actuarial capacity

• Expertise in actuarial and/or statistical work, including actuarial formulas, modeling methods, and quantitative procedures

• Experience with defined benefit pension plans and insurance products, including plan or contract design, liability modeling and projection, risk management, and strategic asset allocation

• Familiarity with pension and insurance regulatory frameworks, policy considerations, and relevant Actuarial Standards of Practice

• Strong background in fixed income markets

• Advanced Excel skills

• Excellent quantitative and analytical skills with demonstrable ability to quickly understand new concepts

• Strong written, verbal communication, and presentation skills

• Critical thinker and proactive problem solver with commitment to excellence and accuracy

• Self-starter who can independently produce results while handling multiple priorities with limited oversight

• Strong organization, workflow, project management and process skills

• Flexible – ability to quickly change gears while juggling numerous tasks and projects

• Enthusiastic – team oriented, with willingness to pitch in to help others

• Collaborative mindset and ability to thrive in cross-functional environment are essential

Education Requirement:

• Bachelor’s degree required, concentration with heavy quantitative focus strongly preferred

• ASA/FSA designation or progress toward required

• CERA designation or progress toward preferred

• CFA Charter holder designation or progress towards preferred

What we offer you:

Joining the IR+M team is an opportunity to experience a unique and exciting culture and work environment. On a daily basis our employees are encouraged to personify our core values; working in a manner that emphasizes investment, respectful, positivity, and motivation across the business and in delivering results for our clients.

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy, balanced lives results in the best possible work performance.

• Hybrid work environment allowing individuals to build strong bonds with colleagues in the office mixed with remote work capability

• Medical, dental, vision and life insurance

• Retirement savings – 401(k) plan with a safe harbor contribution (3%), a company discretionary contribution (12%), and a broad investment lineup

• Tuition reimbursement up to $15K year

• $5,000 Referral bonus for employees who refer new hires

• Business-casual environment that includes the option to wear jeans

• Generous paid time off upon hire – including 20 days of vacation, 2 wellness days, unlimited sick time plus eight paid company holidays and 2 floating days each calendar year

• Paid volunteer time — 2 days per calendar year

• Leave of absence programs – including paid parental and family leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)

• Fitness, health, and composting reimbursements

In addition to the opportunity to participate in a discretionary bonus program, the salary range below describes the estimated minimum to maximum base salary range for a position of this level. Compensation decisions are dependent on the facts and circumstances of each candidate and may vary based upon but not limited to relevant experience, licensure requirements, certifications, skill set, and other business and organizational needs.

Base Salary Range: $150,000 - $200,000
Annual Performance Bonus: This role is eligible for an annual performance-based bonus

Applicants must be authorized to work in the U.S. for any employer. IR+M is unable to sponsor or assume sponsorship of employment visas.