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Neuberger Berman Insurance Strategy & Analytics Associate in New York, New York

EMPLOYER : Neuberger Berman Group LLC

TITLE : Insurance Strategy & Analytics Associate

LOCATION: New York, New York

DUTIES: Develop an infrastructure of analytical/quantitative capabilities to support business development efforts with insurance clients. Develop private equity stochastic model to generate the stochastic projections of Net Asset Value development and cash flows of diversified private market portfolios with varying levels of confidence by using Monte Carlo simulations. Extract useful information from historical data and unveil the intrinsic correlations among different fund types. Discover the most appropriate methodologies to model the behavior of different assets, i.e. Primaries, Co-investment, Secondary and Private Debt. Build a back solving tool to generate the commitment plan based on the various requirements on the outputs (Net Asset Value, Liquidity Buffer Ratio). Design and implement a user friendly interface in Excel, using Excel and VBA programming. Add new functions to the peer analysis model, which does a high-level comparison of key characteristics (general account size, asset breakdown, expected return, duration, OAS, OASD) between the client and their peers. Implement the k-nearest neighbors algorithm (k-NN, a popular machine learning techniques) to do company classification, to help identify the best peers. Implement and compare principal component analysis (PCA) and probabilistic principal component analysis (PPCA) while doing classification. Develop bond migration model to generate the stochastic projections of bond rating change over time with varying levels of confidence. Apply time series analysis and copula methodology from probability theory to extract the intrinsic correlation on the performance of bonds with different ratings. Generate a set of model portfolios built around the client’s liability characteristics and optimized to achieve client’s stated long-term investment objectives. Do tail risk analysis, the client’s exposure to a market crash, and unveil which activities particularly contribute to the tail risk exposure. Produce thought leadership by developing materials for industry presentations and white papers. Support institutional client coverage and portfolio management with input into the efficacy of various traditional and alternative investment strategies in an insurance company investment frame. Take the initiative in identifying and discussing relevant market, regulatory and industry issues with key clients on a proactive basis. Work with investment and distribution teams to prepare and deliver relevant analytics and maintain client dialogue.

REQTS : Must have Master’s degree or a foreign equivalent in Math, Statistics, Computer Science, Physics or a related field plus two (2) years of experience in the position offered or a Research Assistant, or a related position. Must have two (2) years of experience with: working on large data sets utilizing SQL and Python; working on various alternative data sets including applying Natural Language Processing (NLP) techniques, (Python) to analyze text data and applying image processing techniques, and (Matlab) to analyze digital images; performing statistical analysis on large data sets utilizing Principal Components Analysis (PCA), Probabilistic Principal Component Analysis (PPCA), Linear Regression with Lasso/Ridge Regularization, and Support Vector Machine (SVM); building Web/App/Excel based data visualization/Graphic User interface (GUI) utilizing HTML, CSS, JavaScript, VBA, and Python (Matplotlib, Seaborn, Pyinstaller); building stochastic models to analyze private equity investment strategies, including leverage Buyout, Venture Capital, Co-Investment, Secondaries and Private Credit; implementing portfolio optimization and tail risk analysis using Python (CVXPY) and Monte Carlo Simulations; using multiple programming languages (C++, R, Python, VBA, Cython) in to boost performance; and algorithm and data structure, time/memory space complexity.

HOURS : Full-Time; Mon-Fri (40 hrs/week)

APPLY : Go to https://nb.wd1.myworkdayjobs.com/NBCareers and click on “Search Available Positions” & Search Jobs by entering Job #R0004208.

Neuberger Berman is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com .

Learn about the Applicant Privacy Notice at http://www.nb.com/employeeprivacynotice .

Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 23 countries worldwide, the firm manages $356 billion in client assets (as of December 31, 2019) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.

Tenured, stable and long-term in focus, the firm has built a diverse team—including 600-plus investment professionals and more than 2,100 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by Pensions & Investments as the first or second "Best Place to Work in Money Management” for last five consecutive years (firms with 1,000+ employees).

DIVERSITY, EQUITY & INCLUSION

At Neuberger Berman, we are dedicated to cultivating a diverse, inclusive and equitable environment, where our people can be their authentic selves and realize their professional and personal goals. Our approach is based on three primary tenets: empowering, connecting and caring.

Empowering : Our people have a voice and can bring their unique perspectives to both the business table and our walls. Notably, our Advocacy Walk—located on our executive floor—is a curation of pieces from our art collection that highlights important societal issues, and reinforces that we are a firm that encourages feedback and inspires our colleagues to take risks.

Connecting : Our people are united in the way we collaborate and lead. With support from the firm, many of our engagement initiatives, create a greater sense of fellowship amongst our colleagues and stronger connections. This includes our Employee Resources Groups—Women’s Forum, Veterans Group, NB Pride Network, NextGen Network, and the NB Black Experience—and cultural celebrations for Diwali, Chinese New Year and Hispanic Heritage Month, among others in which we celebrate the diversity of our people.

Caring : Our people serve their communities. Our NB Impacts program allows employees to leverage the firm’s broad resources to support their causes globally through charity and volunteer efforts that matter to them. From providing financial support (including the Neuberger Berman Foundation and corporate grants) to using our skills, time and effort (volunteerism and nonprofit board service), we believe strongly in extending our culture of service from clients to our community.

Neuberger Berman is passionate about supporting this environment by creating a workplace that provides balance and support for our employees—both professionally and personally. Our Employee Investment Solutions and best-in-class retirement program focus on financial health and wellness. In-house yoga, meditation and Peloton bikes, along with nutrition counseling and healthy cooking demos, are among our many body and mind wellness opportunities. Finally, our benefits are on the leading edge of policies around domestic partner benefits and family-oriented programs, including primary and non-primary care leave, adoption benefits, back-up childcare, and our NeuParents support and networking group.

Our people and our culture are our greatest assets, and we remain committed to making Neuberger Berman a best-in-class place to work.

For important disclosures: http://www.nb.com/linkedin

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