Utah Retirement Systems

  • Senior Investment Analyst - Private Equity

    Location US-UT-Salt Lake City
    Posted Date 1 week ago(5/11/2018 5:02 PM)
    Job ID
  • About The Company

    About Utah Retirement Systems

    Utah Retirement Systems provides retirement and 401(k)/457 investment benefits, as well as comprehensive health and dental, disability, and life insurance benefits to active and retired Utah public employees and their beneficiaries.


    About the Utah Retirement Systems Investment Team

    Our work is a mix of professional investing and public service. The teams manage equity, credit/fixed income, absolute return, real assets, and private equity globally across both public and private markets.


    Senior Investment Analysts collaborate with other team members and contribute to challenging projects related to ongoing monitoring, evaluation, and selection of external investment managers and are key in sourcing and leading the due diligence research on prospective investments.  May perform similar functions related to joint venture or direct investments.  Provides research, analysis, and recommendations to Senior Investment Professionals on topics such as risk, performance, and portfolio fit.  Gather data for Risk Management Systems.  Provides support for asset allocation decisions, Board communication, and reporting.


    Successful candidates will possess a high degree of intellectual curiosity, the ability to think critically and creatively about complex challenges, be able to communicate effectively in both written and verbal contexts, possess a passion for quantitative and qualitative analysis, and have a strong interest in investment strategy and manager research


    Job Description


    Collaborates with the Investment Team in the ongoing monitoring, evaluation, and selection of external investment managers. May perform similar functions related to joint venture or direct investments. Provides research, analysis, and recommendations to Senior Investment Professionals on risk, performance, and portfolio fit. Gathers data for Risk Management Systems. Provides support for decisions regarding asset allocation, Board communication and reporting.



    1. Conducts analysis and due diligence on investment managers. May perform similar functions related to joint venture or direct investments.  Monitors, evaluates, and makes recommendations in the context of asset class objectives, market conditions, performance, peers, benchmarks, and other considerations. 
    2. Responsible for sourcing new investments, including identifying new investment managers and leading initial due diligence efforts on same. May perform similar functions related to joint venture or direct investments.
    3. Develops and demonstrates expertise in specific strategy area(s) and/or asset class(es).
    4. Assists Senior Investment Professionals with portfolio construction, top-down strategy decision making, and as needed.
    5. Supports Senior Investment Professionals on plan-level decisions such as rebalancing, liquidity management, and broad asset allocation themes.
    6. Works with Senior Investment Professionals on implementation and execution of portfolio, strategy and investment-specific recommendations.
    7. May act as lead project manager on research and operational projects.
    8. Contributes to development and mentoring of less-tenured Investment Professionals.
    9. Prepares investment recommendations based on strategic and tactical asset allocation decisions.
    10. Corresponds frequently with investment managers, external service providers and industry experts to formulate market opinions, identify investment opportunities and gauge investment trends.
    11. Contributes to ongoing process improvements.
    12. Attends professional seminars and conferences; establishes professional relationships with institutional investor peers and with tenured industry professionals.
    13. Promotes internal cooperation among the Investment Team and with external service providers.
    14. Promotes organizational efficiency through high professional standards.
    15. Maintains strict confidentiality and adheres to URS Ethics and Compliance policies.
    16. Other related duties as required.

    Required Experience

    Education and Experience

    A Bachelor’s Degree and a minimum of three (3) years of directly related professional experience is required; or an equivalent combination of education and experience.  Applicable education includes investment management, business administration, accounting, financial management, economics, mathematics, statistics, physics, chemistry, law, humanities, or related field. Prior experience conducting manager research and due diligence is required.


    An understanding of financial theory and statistical measures is required. 


    Progress toward Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), or other related designations is preferred.


    Investment research experience in an institutional investment setting (pension fund management, endowment, asset management, etc.) is preferred.


    MBA or related master’s degree is preferred.


    Knowledge, Skills, and Abilities

    This list contains knowledge, skills, and abilities that are typically associated with the job. It is not all-inclusive and may vary from position to position:


    Required technical skills include the ability of:

    • Microsoft Office Suite, including expert knowledge of Excel.
    • SQL.
    • Access.
    • Visual Basic.


    Required mathematical skills include ability of:

    • Advanced mathematical concepts including correlations, factor analysis, and statistics.


    Required investments knowledge of:

    • Purpose, principle, and theory of institutional portfolio management and statistical analysis.
    • Business, monetary. and economic trends and practices.
    • Security analysis and financial forecasting.
    • Due diligence process, including on-site meetings.


    Must possess excellent communication skills:

    • Distill analysis into original reports and recommendations
    • Communicate effectively both verbally and in writing.
    • Establishes and maintains strong working relationships with colleagues and external investment professionals.
    • Present information on complex topics to top management, peers, and occasionally the URS board.


    Must have the ability to:

    • Attend to detail.
    • Display autonomy and leadership in performing job functions.
    • Follow written and verbal instructions.
    • Prioritize work.
    • Perform within deadlines.
    • Work well in a team environment as well as independently.
    • Multi-task by handling a variety of duties in a timely and efficient manner.
    • Follow through with assignments.
    • Deal effectively with stress caused by workload and time deadlines.


    The incumbent must always demonstrate judgment, high integrity, and personal values consistent with the values of URS.



    Additional Requirements

    As a requirement of this position, the employee will submit to the URS Investment Compliance Officer a record of trade confirmations or monthly transaction summaries, as they become available, of all security transactions (excluding mutual funds), in any account under the employee’s control and direction, or under the control and direction of the employee’s spouse.


    Work Environment

    Incumbent performs in a typical office setting with appropriate climate controls. Tasks require a variety of physical activities which do not generally involve muscular strain, but do require activities related to walking, standing, stooping, sitting, reaching, talking, hearing and seeing. Common eye, hand, finger dexterity required to perform essential functions. 


    Job duties require travel for office business.  Individual must be physically capable of safely operating a vehicle, possess a valid license and have an acceptable driving record based upon data provided by a current Department of Motor Vehicle Record (MVR).



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