<p>MetLife Investment Management - 2025 Summer Analyst Internship</p> <p>Job Title: Summer Analyst</p> <p>Business Units: Public Fixed Income (PFI), Private Capital, MetLife Insurance Investments (MII), Institutional Client Group (ICG), Insurance Asset Management (IAM), Office of the CIO (OCIO), Operations</p> <p>Locations Available: Whippany, NJ; Philadelphia, PA</p> <p>Application Deadline: October 6, 2024 at 11:59 PM EDT</p> <p>Company Overview: MetLife Investment Management (MIM) is the institutional asset management business of MetLife, Inc. (NYSE: MET), one of the world's leading financial services companies. MIM serves institutional investors, including MetLife's general account investment teams, by combining a client-centric approach with deep, asset-class expertise established over 150 years of disciplined risk-management experience. Focused on managing Public Fixed Income, Private Capital, and Real Estate assets, we aim to deliver strong, risk-adjusted returns by building tailored portfolio solutions. MetLife Investment Management had $587.6 billion of total assets under management as of June 30, 2024, for our institutional clients and MetLife's general account. Further information is available at investments.metlife.com.</p> <p>Program Description: MetLife Investment Management's Summer Analyst Program is a 10-week hybrid internship program providing participants broad exposure to a global investment manager and a specific asset class of their choosing. Summer analysts will develop various technical and soft skills, have the opportunity to network with professionals across the company, and fully immerse themselves in MIM's culture.</p> <p>Internship Program Dates: June 2, 2025 to August 8, 2025 (10 weeks).</p> <p>Opportunity: Candidates will be able to rank their preferences for placement in the following business units and corresponding locations:</p> <p>Public Fixed Income; PFI (Philadelphia, PA; Whippany, NJ): The Public Fixed Income summer analyst will support the trading, portfolio management, credit research, and operations functions of Public Fixed Income. The summer analyst will be introduced to high-yield and investment-grade corporate bond trading, structured product investing, credit research, portfolio analytics, and risk management. Time will be shared, and these groups will be supported in various capacities as needed. Within the program, you will work closely with portfolio managers and senior members of the research and trading groups to obtain a working knowledge of and take an active role in the investment process. Public Fixed Income AUM was $311.8 billion on June 30, 2024.</p> <p>Private Capital (Whippany, NJ): The Private Capital department is an industry leader in institutional asset origination, managing over $135.5 billion as of June 30, 2024, across Private Corporates, Private Infrastructure, Residential Mortgage Loans, Alternatives, Middle Market Private Capital, and Private Asset-Backed Securities, and is continuing to experience significant growth. Private Capital strategies seek to invest in high-quality private debt securities that offer attractive yield potential, portfolio diversification, potential downside protection, and asset-liability matching. The summer analyst will be responsible for supporting the Private Capital team, including reporting, analysis, presentations, and ad hoc portfolio-related projects, as well as providing support for the more senior members of the team. Placements will be determined based on candidate interests and business unit matching. Summaries of the business units are below:</p> <ul> <li>Investment Grade Private Credit- Our Investment Grade Private Credit strategies include investments in corporate, private credit, infrastructure debt, and private structured credit issuers that offer portfolio diversification structured for asset-liability matching, managing over $91.3 billion as of June 30, 2024. We invest in credits whose transactions we believe are well structured, properly priced and have sufficient relative value compared to other investment opportunities. We have access to a wide range of investment opportunities that allow us to be selective on deals. </li></ul> <p>o Corporate Private Credit-strategy that seeks to originate high-quality private debt with enhanced yield potential and diversification characteristics. Our clients' investments can be tailored to a wide range of maturities as well as to diversification by risk, country, sector, and currency, and structured as fixed and / or floating-rate debt.</p> <p>o Infrastructure-strategy that provides capital for economic and social infrastructure development. This strategy seeks to originate investment-grade, senior secured notes in fully contracted greenfield and brownfield entities with strong track records.</p> <p>o Private Structured Credit-strategy revolves around investing in privately originated asset-backed opportunities across the capital structure. It emphasizes intricate, tailor-made transactions designed to enhance returns while mitigating potential losses. The team maintains sector flexibility and pursues investments in securitization (Asset-Backed Securities) transactions where substantial value is identified. They seek strong risk-adjusted returns on predominately investment-grade investments while opportunistically adding non-investment-grade investments with the goal of enhancing overall returns.</p> <p>o Client Portfolio Management-The client portfolio management ("CPM") team's primary responsibility is to understand the client's private asset objectives, create a mandate and working relationship with the clients to achieve those objectives, and work with the MIM private deal teams to build and monitor the client's private portfolio.</p> <ul> <li>Middle Markets-The Middle Market Private Capital strategy seeks to offer investors access to privately negotiated debt and minority-equity investment transactions, primarily in North American middle-market companies. Investments include senior, unitranche, and second-lien loans, mezzanine notes, and equity co-investments. Middle Market Private Capital AUM was $1.5 billion on June 30, 2024. </li><li>Private Equity-Private Equity Strategy seeks to deliver consistent, attractive long-term private equity returns, both on an absolute basis and relative to industry benchmarks. MetLife's Private Equity portfolio is invested globally across a broad range of sub sectors, including leveraged buyouts, venture capital, growth equity, special situations, and equity co-investments. </li><li>Residential Whole Loans-The Residential Whole Loan strategy seeks to offer investors access to an actively managed residential loan portfolio that aims to generate attractive income relative to traditional fixed-income sectors. U.S Residential Mortgage Loan AUM was $18.4 billion on June 30, 2024. </li></ul> <p>MetLife Insurance Investments; MII (Whippany, NJ): MII provides the insurer investment function for MetLife's general account. Key to this function is developing an asset allocation strategy that enables the matching of investment assets with the liabilities needed to fulfill MetLife's obligation to customers at some point in the future. The general account portfolio is primarily comprised of fixed-income securities, but it also includes real estate and other equity investments. MII collaborates with its asset manager, MetLife Investment Management, to execute the strategy within a relative value framework, balancing current income and total return needs. The summer analyst will work with the MII team to analyze and implement investment strategies that help achieve earnings, growth, and risk management objectives, as well as assist in building reports to support the investment process.</p> <p>Institutional Client Group; ICG (Philadelphia, PA; Whippany, NJ): The Institutional Client Group is responsible for driving the firm's strategy and business development efforts with institutional investors globally. As a summer analyst, the candidate will work closely with team members, investment professionals, and other key stakeholders in a range of responsibilities related to growing the client business. This includes maintaining and enhancing a CRM system, sourcing prospective investors, researching competitor products, summarizing large datasets, assisting with various business strategy initiatives, and coordinating client/prospect meeting logistics and follow-ups.</p> <p>Insurance Asset Management; IAM (Whippany, NJ): MetLife Investment Management (MIM) was launched in 2012 to capitalize on our strong investment management performance for our General Account. The summer analyst will support the management of MetLife Holdings and Corporate & Other Segments. MetLife Holdings portfolios back run-off liabilities such as Life, Annuities, and Long-Term Care. The Corporate & Other segment contains mostly surplus, reinsurance, and hold-co portfolios. The summer analyst will provide ad hoc analysis on various portfolios or other topics. Additionally, the summer analyst will utilize tools such as BlackRock Aladdin, Excel, Bloomberg, and other tools to analyze portfolio issues.</p> <p>Office of the CIO; OCIO (Whippany, NJ): The Office of the CIO provides a unique and exciting opportunity to thoroughly understand how the Investments Department's investment strategy and process come together. The summer analyst in this role will work directly with MetLife Investment Management (MIM) Management Committee members and MetLife Insurance Investments (MII) Senior Leadership Team members. The candidate will compile high-level analyses of critical portfolio information for use by the Chief Investment Officer (CIO) and his direct reports, the Executive Leadership Team (ELT), MetLife's Investment Committee of the Board of Directors, and MetLife shareholders.</p> <p>Operations (Whippany, NJ): The Client Services Group in Operations creates and delivers client reporting related to MIM's global product agenda, with a mandate to deliver products that support both clients' needs and business growth objectives. The team also serves as a critical connector for MIM's clients and Product Strategy to ensure we are delivering on our promises. This role will support the broad activities of the Client Services team. Key responsibilities include assistance with facilitation of client reporting, timely and accurate report generation, ad-hoc client requests, and development of new efficiency processes.</p> <p>Candidate Skills and Qualifications:</p> <p>MIM seeks to hire individuals who work well in team-based settings, are highly motivated, intelligent, have sound judgment, have solid analytical skills, and have demonstrated excellence in prior endeavors.</p> <p>Required Skills and Qualifications:</p> <ul> <li>Candidate must be currently enrolled in a higher education institution and actively pursuing an undergraduate degree with a strong academic record and a demonstrated interest in finance / economics </li><li>Candidate's anticipated graduation date must be between December 2025 and June 2027 </li><li>Candidate must have a strong worth ethic, personal and professional integrity, and be able to adapt to new challenges in a dynamic environment while handling multiple projects </li><li>Candidate must be able to work independently and in a team environment, remaining detail-oriented and client-focused </li><li>Candidate must have excellent written and verbal communication skills and feel comfortable interacting with management-level professionals </li><li>Candidate must be familiar with Microsoft Office products such as Word, Excel, and PowerPoint </li></ul> <p>In connection with this open position, MetLife will only consider job applicants who are legally authorized to work in the United States without an employer-sponsored petition for a visa, such as an H-1B visa. It will not file any visa applications in connection with this position.</p> <p>MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.</p> <p>We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to accommodations@metlife.com or call our Employee Relations Department at 1-877-843-3711.</p> <p>MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.</p> <p>MetLife maintains a drug-free workplace.</p> <p>The salary range for applicants for this position is $27 - $33 per hour.</p> <p>About MetLife</p> <p>Recognized on Fortune magazine's list of the 2023 "World's Most Admired Companies" as well as the 2023 Fortune 100 Best Companies to Work For , MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.</p> <p>Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible. Join us!</p> <p>Equal Employment Opportunity/Disability/Veterans</p> <p>If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.</p> <p>MetLife maintains a drug-free workplace.</p> <p>$27 - $33 per hour</p>