Steve Petrovich

Experience

• 

  Russ Reid Company

  Jun 2012 - Jun 2013

  Targeted Media Summer Intern

  • Worked in the Targeted Media department, dealing mostly with insert media and direct mail marketing• Processed insertion orders with Newspapers and publications for our clients• Created a spreadsheet updating emergency ad rates for one of our clients• Researched ad rates and specs for clients and processed the eventual orders

• 

  TSI Financial Group

  Jun 2013 - Jul 2013

  Summer Intern

  • Paid intern for TSI Financial Group based in Pasadena, CA, but worked in Seoul office• Researched markets, demographics, politics, and news for potential clean energy financial projects• Analyzed the global market for solar panels and the finances related to it• Performed financial modeling for a solar power project as a part of an LADWP RFP• Introduced to Korean business culture and how it interacts with USA business models

• 

  The Wilshire Group Associates

  Mar 2015 - May 2015

  Assistant

  • Managed expense reports, bank reconciliations, invoices and other Quickbooks related work, and continue to do this work on a part time basis• Reviewed hundreds of past due hospital bills to figure out if they were incorrectly denied coverage• Categorized errors for denying coverages in order to improve hospital revenue cycle

• 

  City National Rochdale

  May 2015 - Aug 2023

  • Ran our 1-5 year actively managed municipal bond strategy with over 250 accounts and AUM of $1 billion• Created a model for laddered municipal bond strategies that leveraged stratified sampling to optimize positions and automate the implementation of portfolios to reduce portfolio build times from one month to one week• Model breaks down a laddered strategy into 15 proxy positions using 2000+ CUSIPs based on various bond characteristics like maturity, rating, and sector since direct modeling is impossible due to the complexity of the municipal market• Led team that manages and implements our various technology projects, including integrating four new trading platforms, which increased access to 100+ more municipal bond dealer inventories• Presented municipal research and strategic updates every month during our company-wide research calls• Assisted the high-yield municipal team to successfully adapt their mutual fund strategy into five custom SMAs tailored to specific client needs, achieving over $100 million in AUM• Conducted backtests on historical returns of multiple bond indices using R to tailor client portfolios and delivered comprehensive summary statistics in presentations• Worked on creating a framework for ESG investing in the municipal bond market for the company’s ESG strategy• Analyzed renewable energy projects financed by municipal debt for their impact on the environment, as well as the credit analysis of the renewable energy projects and other green municipal projects Show less • Managed $200 million in active strategy municipal bond portfolios and oversaw $1 billion in passive-laddered strategies, both state-specific and national strategies, across various parts of the yield curve• Created models in Investortools for our active benchmark tracking strategies and our passive-laddered strategies, which reduced account dispersion to within 5% of the duration target • Developed an auto-allocation model in Investortools to allocate municipal bonds based on various characteristics like duration, maturity, credit, rating, state, and sector and reduce allocation times by 75%• Designed an R script that automated a daily 10-minute manual task that manipulates a spreadsheet of fixed income buy orders to create an organized output for the PMs to track their cash spend needs each day• Gathered the input data and ran the R script for the corporate bond model strategy that exports an optimized model portfolio of 20 bonds, which is then uploaded to our portfolio management system for accounts to implement Show less • Supported team’s managing directors with ad-hoc analysis and automation to improve workflows• Crafted PowerPoint presentations for client reviews after pulling account data and performance statistics• Created Bloomberg API spreadsheets to populate financial and economic data into charts automatically• Monitored and reported on housing economic data during our fixed income team’s daily strategy call• Assisted the integration of the Investortools Portfolio Management System from Bondedge, mastering its functionalities and subsequently providing efficient training to colleagues Show less

  • Portfolio Manager

    Jun 2022 - Aug 2023

  • Associate Portfolio Manager

    Nov 2017 - Jun 2022

  • Portfolio Analyst

    May 2015 - Nov 2017