Assistant Portfolio Manager – Fixed Income

AAM - Insurance Investment Management · Chicago, United States

Assistant Portfolio Manager – Fixed Income

Overview

We are currently seeking an Assistant Portfolio Manager (APM) to work within our portfolio management group. The individual will be an integral part of a team supporting the investment process for numerous insurance clients. This full-time position is located in downtown Chicago with some flexibility to work remotely under company policy.

Job Summary

The APM will work with several Portfolio Managers and will be staffed on specific life, property & casualty, and health insurance relationships. You will be involved in all aspects of the investment process and will play a crucial role in delivering on AAM’s commitment to excellent client service and strong investment performance. While the majority of your work will center on public investment-grade fixed income, you will also gain experience in other asset classes.

There are multiple facets to the role, and a successful candidate will eagerly take on additional responsibilities. You will interact with trading, credit research, operations, settlement, and investment accounting teams, along with external service providers and clients, on a daily basis. The APM is involved in many aspects of the investment process and serves as a key point of coordination for interdepartmental processes, troubleshooting, and certain client inquiries. With experience, the role will expand to include presenting to clients, supporting marketing efforts, and participating in the investment decision-making process.

Primary Responsibilities

·        Implement portfolio strategy under the direction of Portfolio Managers

·        Work directly with AAM’s clients on multiple portfolio management teams, fielding inquiries and coordinating delivery of services and reporting

·        Develop market-based knowledge with support from AAM investment professionals and participation in the investment process

·        Aid in growing the firm by supporting AAM’s Sales and Marketing groups

·        Prepare periodic client investment reports and support our accounting staff

·        Monitor portfolio risk positioning, compliance and performance

·        Learn about our clients, their products and the insurance industry

·        Identify opportunities to assist with improving organizational efficiency alongside other APMs and investment professionals

·        Actively seek additional roles/responsibilities to grow professionally

Primary Working Relationships

·        Internally: portfolio managers, research analysts, traders, sector specialists, operational/investment accounting teams and administrative personnel

·        Externally: clients, subadvisors, consultants, custodians and service providers

Candidate Requirements

·        1 to 3 years of accounting, finance, banking or investment experience

·        College degree in finance, accounting, math, economics, computer science or a related field

·        High level of proficiency in Excel

·        Comfort with and ability to analyze large sets of data

·        Intellectual curiosity and an ability to independently problem-solve

·        Demonstrated interest in capital markets

·        Willingness to step outside of set job responsibilities to help the team

·        Comfortable interacting with clients and public speaking

·        Desire to enroll in the CFA Program, with preference for having registered for, or passed, Level I exam

·        Ability and willingness to reevaluate processes to introduce automation and improve efficiency

·        Demonstrated proficiency with AI tools and a willingness to continuously explore new ways to use AI to improve analysis, decision-making, and efficiency

Benefits

·        401(k)

·        Dental Insurance

·        Disability Insurance

·        Travel Insurance

·        Health Insurance

·        Health Savings Account

·        Flexible Spending Account

·        Life Insurance

·        Paid Holidays

·        Paid Parental Leave

·        Paid Time Off

·        Professional Development Assistance (Education Assistance)

·        Remote Flexibility

·        Transit Pass and Qualified Parking Savings

·        Bonus Program

Pay

The annual salary range is $70,000 to a maximum of $90,000. AAM also provides a discretionary bonus program based on firm and employee performance.

We encourage you to submit your resume if you are interested and meet the above criteria. Only successful candidates will be contacted.

AAM is a Chicago-based SEC Registered Investment Advisor founded in 1982 that is dedicated solely to insurance asset management. Our talented and innovative team of experts is committed to generating the best investment ideas for our clients. With substantial expertise in portfolio management, in-house security research and superior service, we have distinguished ourselves in the industry. Our strength originates from our size, from our independent research capabilities and from our ability to invest specifically to meet our client’s goals, needs and circumstances. As of 9/30/2026, AAM manages $27.8 billion for 123 clients throughout the United States. AAM is privately owned by a combination of 25 employee Members and Securian Financial.

AAM provides equal opportunity and advancement for qualified individuals without distinction or discrimination based on race, color, creed, religion, national origin, gender, age, marital or familial status, disability, political affiliation, sexual orientation, gender identity or expression, veteran status, status in regard to public assistance or any other status or condition protected by local, state or federal law.