Investments Municipal Research Analyst

Posted on May 25 Chicago, IL 96 views

The world isn’t standing still, and neither is Allstate. We’re moving quickly, looking across our businesses and brands and taking bold steps to better serve customers’ evolving needs. That’s why now is an exciting time to join our team. You’ll have opportunities to take risks, challenge the status quo and shape the future for the greater good.

You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities. Plus, Allstate is changing how, when, and where we work-to lead us boldly into our future. We're empowering our employees to create better ways of working through more intentional use of communication and collaboration practices, processes and tools.

Everything we do at Allstate is driven by a shared purpose: to protect people from life’s uncertainties so they can realize their hopes and dreams. For more than 89 years we’ve thrived by staying a step ahead of whatever’s coming next – to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We’ve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We don’t follow the trends. We set them.

Job Description:


Allstate Investments manages approximately $66 billion of assets. Our goal is to provide sustainable, competitive, risk-adjusted investment returns and investment related services for the benefit of The Allstate Corporation. We attribute our successful track record in large part to the quality of our people.  The size of the investment group exceeds 300 individuals across a variety of investment disciplines including, fixed income, equities, private securities, commercial mortgages and derivative asset classes, as well as, finance and technology. We recognize that our employees are our ultimate advantage and we seek to attract and retain highly qualified individuals with strong academic backgrounds, a deep interest in investments and a desire to be challenged. You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramount.


This candidate will conduct fundamental financial and macro analysis of issuers and industries within the municipal bond market.  The analyst will develop investment themes and provide recommendations to the Portfolio Managers (PM).  Our process is very team-oriented, with the analysts interacting with each other and the portfolio managers on a continual basis.  As such, the ability to work well in a team setting is critical.  The ultimate goal of the research and recommendations is to help the portfolios deliver the best possible results for our clients. This is a great opportunity for a self-driven individual to make a big impact and help drive performance.


The hiring team is looking for a candidate to work out of their Chicago downtown office, hybrid style.

Key Responsibilities:
  • Lead Allstate’s Municipal fixed income research efforts
  • Perform issuer & sector related outlooks and translate them into investment recommendations 
  • Analyze economic & political data to assess impacts to both the market and Allstate’s portfolio and proactively communicate those within the organization
  • Collaborate with the investment team to further develop quantitative, research & trading tools 
  • Continually improve investment processes by exploring new ideas, methods & technologies
  • Contribute to the development and training of junior analysts
Supervisory Responsibilities:This job does have supervisory duties.Education and Experience:
  • Bachelor's degree from a four-year university
  • A degree in Computer Science, Finance, Accounting, or other business-related discipline is preferred but not required
  • 6+ years of municipal research experience with knowledge of multiple sectors including healthcare, transportation, higher education, and housing
  • Knowledge of investment systems such as Aladdin, Bloomberg, and the Investortools/Creditscope platform are a plus
  • Progress towards a CFA designation preferred
Functional Skills:


  • Good understanding of capital markets and an intellectual curiosity as it relates to quantitative methods, finance, economics, and market cycles
  • Ability to perform tasks and achieve results independently and as part of a team, consistently meet deadlines, and prioritize multiple assignments effectively in a dynamic work environment
  • Effective verbal and written communication skills with the ability to interact effectively across a wide variety of constituents

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.


Good Work. Good Life. Good Hands®.


As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy. For a full description of Allstate’s benefits, visit


Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.


Allstate generally does not sponsor individuals for employment-based visas for this position.


Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.


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