Utah Retirement Systems

Investment Operations Analyst or Associate

Location US-UT-Salt Lake City
Posted Date 4 weeks ago(11/3/2022 1:01 PM)
Job ID
2022-3113

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 responsible for implementing the investment program of the URS Defined Benefit plan. The Investments 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. Total Defined Benefit Plan assets were approximately $44 billion as of 12/31/2021.

 

Why you’ll love working at URS
Collegial, team-based atmosphere

Hybrid working environment

Opportunities for growth and career development

Interesting and meaningful work

 

How you’ll succeed

Team player

Strong analytical and critical thinking skills

Passion for quantitative and qualitative analysis

Strong written and verbal communication skills

Ability to build relationships

High degree of intellectual curiosity

Job Description

Investment Operations Analyst

FLSA: Non-Exempt

 

POSITION SUMMARY

The Investment Operations Analyst has the primary responsibility of helping mitigate risk for all aspects of trade flow, settlement risk, data integrity, managerial accounting, and reporting. The position includes extensive interaction with portfolio management, Information Technology, and third-party service providers to ensure effective oversight for existing portfolios and to help shape and implement solutions for new products, strategies, and systems.

 

Daily tasks will include data entry of investment cash flows, valuation reporting, trade management, monitoring of internal and external performance reporting, regular reconciliation of cash flows, positions, valuations, and performance with our counterparties, fund custodians, and consultants.

 

 

ESSENTIAL JOB FUNCTIONS AND DUTIES

  1. Responsible for the day-to-day accounting, reporting, and support functions for public and private equity and absolute return strategies.
  2. Coordinates periodic reconciliations between custody, internal systems, and external managers.
  3. Produces timely and accurate reports for portfolio managers and compliance staff to monitor and manage investment accounts.
  4. Manages cash balances to ensure trade settlements meet liability requirements.
  5. Organizes and interprets information sent to the Investment Department including capital calls, distributions, and other portfolio specific data. Alert investment staff when information is urgent or needs to be reviewed.
  6. Proactively identifies opportunities and enhancements to improve existing functions and responsibilities.
  7. Maintains operation procedures and provides regular management reporting to senior staff.
  8. Maintains strict confidentiality.
  9. Performs other related duties as required.

 

Investment Operations Associate

FLSA: Exempt

 

POSITION SUMMARY

The Investment Operations Associate has the primary responsibility of mitigating risk for all aspects of trade flow, settlement risk, data integrity, managerial accounting and reporting. The position includes extensive interaction with the portfolio management team, technology and vendors to ensure effective oversight for existing portfolios and also to shape and implement solutions for new products, strategies and systems. Must be comfortable with finding and presenting resolutions to issues and bearing the responsibility of those actions.

           

ESSENTIAL JOB FUNCTIONS AND DUTIES

  1. Manage trade settlement process, post execution to settlement for all internally traded funds.
  2. Coordinate periodic reconciliations between custody, internal systems and external managers.
  3. Ensure timely and accurate capture/validation of corporate actions affecting URS portfolios.
  4. Effective and timely execution of relevant steps in the product lifecycle (e.g. swap payments etc.).
  5. Produce timely and accurate reports for portfolio managers and compliance staff to monitor and manage investment accounts.
  6. Manage cash balances to ensure trade settlement and meet liability requirements.
  7. Assist in gathering information used in risk reports (index data, security master information, histories, etc.).
  8. Organize and interpret information sent to the investment department including capital calls, distributions and other portfolio specific data. Alert investment staff when information is urgent or needs to be reviewed.
  9. Ensure business continuity planning (BCP) is current and exceeds industry standards.
  10. Proactively identify opportunities and enhancements to improve existing functions/responsibilities.
  11. Maintain Operations procedures and provide regular management reporting to senior staff.
  12. Maintain strict confidentiality.
  13. Perform other related duties as required.

 

Required Experience

Investment Operations Analyst

 

Education and Experience

Bachelor’s Degree in Accounting, Finance, or related field or four (4) years of responsible experience preforming duties related to the planning, organizing, directing, and controlling reconciliations, information systems, finance, accounting, or related duties; or an equivalent combination of education and experience.

 

Experience in investment accounting and investment operations 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 working knowledge of:

  • Microsoft Office Suite, with specific experience in Excel.
  • Customer Relationship Management Systems (CRM).
  • Database applications.

 

Required basic knowledge of:

  • Principles and practices of institutional investment management.
  • Domestic and international equity portfolio management.
  • Private equity and other non-traditional investment areas.
  • Institutional securities transaction principles and practices.
  • Analytical tools used to measure portfolio attributes.
  • Trading operations and data analysis.

 

Must possess excellent communication skills:

  • In writing and verbally.
  • Prepare reports and documents supporting work in accordance with appropriate standards.
  • Establish and maintain strong working relationships with colleagues and industry investment professionals.

 

Must have the ability to:

  • Demonstrate that URS’ beneficiaries are a top priority.
  • Attend to detail.
  • Display autonomy in performing job functions.
  • Follow written and verbal instructions.
  • Prioritize multiple work demands.
  • Perform within deadlines.
  • Work well in a team environment as well as independently.
  • Deal effectively with stress caused by workload and 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. 

 

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

 

Investment Operations Associate

Education and Experience

Bachelor’s Degree in Accounting, Finance, or related field; and three (3) years of responsible experience performing duties related to the planning, organizing, directing and controlling reconciliations, information systems, finance, accounting or related duties; or an equivalent combination of education and experience.

 

Specific experience in investment operations and/or fund accounting is preferred.

 

Credentials as a Certified Public Accountant is preferred.

 

MBA or related Masters 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 working knowledge of:

  • Microsoft Office Suite, with specific experience in Excel.
  • Customer Relationship Management Systems (CRM).
  • Understand industry platforms and agendas (e.g., SWIFT, DTC, CTM, ALERT).
  • Institutional securities transaction principles and practices.
  • Database applications.
  • Analytical tools used to measure portfolio attributes.

 

 

Required knowledge of:

  • Principles and practices of institutional investment management.
  • General accepted accounting principles, including investment accounting.
  • Modern portfolio theory and application.
  • Domestic and international equity portfolio management.
  • Real estate, private equity, and other non-traditional investment areas.
  • Institutional securities transaction principles and practices.
  • Analytical tools used to measure portfolio attributes.
  • State and federal laws that govern investment practices and public pension funds.
  • Trading operations and data analysis.

 

Must possess excellent communication skills:

  • In writing and verbally.
  • Prepare reports and documents supporting work in accordance with appropriate standards.
  • Establish and maintain strong working relationships with colleagues and industry investment professionals.

 

Must have the ability to:

  • Demonstrate that URS’ beneficiaries are a top priority.
  • Attend to detail.
  • Display autonomy in performing job functions.
  • Follow written and verbal instructions.
  • Analyze a variety of investment issues and problems then make appropriate recommendations.
  • Prioritize multiple work demands.
  • Perform within deadlines.
  • Work well in a team environment as well as independently.
  • Deal effectively with stress caused by workload and 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. 

 

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

 

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed