Utah Retirement Systems

  • Senior Investment Analyst (Private Equity)

    Location US-UT-Salt Lake City
    Posted Date 1 month ago(1 month ago)
    Job ID
    2018-2602
    Category
    Investments
  • About The Company

    We serve Utah public employees with retirement and insurance benefits in a partnership of trust with a commitment to value, innovation, and excellence. URS has two divisions. The Retirement Office administers pension benefits and retirement savings plans.  Public Employees Health Program (PEHP), a division of Utah Retirement Systems, is a nonprofit trust with the vital job of providing health benefits to Utah’s public employees and their families. We serve only the public sector — the State of Utah, its counties, cities, school districts, and other public agencies. 

     

    URS Investments Department

    The Investments Team is strongly rooted in collaboration and every individual is an integral part of the team. The team is responsible for implementing the investment program of the URS Defined Benefit plan with long-term sustainability of the portfolio in mind. The team manages investments internally and partners with external investment firms to manage a globally diversified portfolio. The teams’ efforts have a strong emphasis on Absolute Return, Real Assets, and Private Equity investments.

     

    Defined Benefit assets are approximately $32 billion. The team also supports the $5 billion Defined Contribution program. Each member of the investments team is expected to be dedicated to the mission of the organization and safe-guarding the future of Utah’s public employee’s retirement benefits.

     

    What we are looking for

    The URS Investments Team is seeking a Senior Investment Analyst with experience conducting due diligence on Private Equity funds. 

     

    The successful candidate will possess a high degree of intellectual curiosity, a passion for analysis (both qualitative and quantitative), and have a strong interest in investment strategy, manager, and fund selection.

    Job Description

    POSITION SUMMARY

    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.

     

    ESSENTIAL JOB FUNCTIONS AND DUTIES

    1. Conducts analysis and due diligence on investment managers. Monitors, evaluates, and makes recommendations in the context of asset class objectives, market conditions, performance, peers, benchmarks, and other considerations. May perform similar functions related to joint venture or direct investments.
    2. Sources 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 competence in specific strategy area(s) and/or asset class(es).
    4. Assists Senior Investment Professionals with portfolio construction and top-down strategy decision making as needed.
    5. Supports Senior URS Investment Professionals on plan-level decisions such as rebalancing, liquidity management, and broad asset allocation themes.
    6. Works with Senior URS Investment Professionals on implementation and execution of portfolio, strategy, and investment-specific recommendations.
    7. Acts as lead project manager on research and operational projects, as assigned.
    8. Contributes to development and mentoring of Investment Analysts.
    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. Demonstrates a high level of intellectual curiosity.
    16. Maintains strict confidentiality and adheres to URS Ethics and Compliance policies.
    17. Other related duties as required.

    Required Experience

    A Bachelor’s Degree and a minimum of three (3) years of directly related professional experience in financial theory and statistical measures is required; or an equivalent combination of education and experience. Prior experience conducting investment manager research and due diligence is required.

     

    Applicable degrees include; investment management, business administration, accounting, financial management, economics, mathematics, statistics, physics, chemistry, law, humanities, or related field.

     

    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, endowment, foundation, insurance company, consultant to institutional investors, 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:

    • Demonstrate daily that URS’ beneficiaries are a top priority.
    • Establish and maintain effective working relationships with colleagues and external investment professionals.
    • 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 extensive 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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