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 Office implements the investment programs of Utah Retirement Systems. The Investment Team manages investments internally and partners with external firms to manage globally diversified portfolios across Public Markets, Absolute Return, Real Assets, and Private Equity. The Office comprises a collaborative approach that leverages expertise across asset classes. Total Defined Benefit Plan Assets (pension) were $45.1 billion and Defined Contribution (i.e., 401k) assets were $9.1 billion as of 12/31/2023.
Why you’ll love working at URS
Meaningful and interesting work
Make an impact
Career development and personal growth
Exposure to multiple asset classes and investment thought leaders globally
Hybrid work environment
Team oriented and collegial culture
Competitive pay and benefits
Outstanding outdoor lifestyle, including proximity to 7 ski resorts
How you’ll succeed
Team player
Strong analytical and critical thinking skills
Passion for quantitative and qualitative analysis, manager selection, and strategy research
Strong written and verbal communication skills
Ability to build relationships
High degree of intellectual curiosity
Entrepreneurial mindset (see something, do something)
Mission-oriented
POSITION SUMMARY
Has primary responsibility and accountability for specific strategy type(s), portfolio(s), and/or asset class(es). Ensures objectives of same are being met. Works with other Senior URS Investment Professionals on formulating and implementing asset class strategy and allocation decisions. Provides oversight, guidance, and input to Portfolio Managers and Investment Analysts in the selection, evaluation, ongoing monitoring, and management of investments. Provides research, analysis, and recommendations to Senior URS Investments Team on risk, performance, and portfolio fit. Gathers data for risk management systems. Provides support for decisions regarding asset allocation, URS Board communication, and reporting.
ESSENTIAL JOB FUNCTIONS AND DUTIES
MINIMUM QUALIFICATIONS
Education and Experience
A Bachelor’s Degree and a minimum of eight (8) years of directly related professional experience in investments and portfolio management, or an equivalent combination of education and experience.
Applicable degrees include investment management, business administration, accounting, finance, financial management, real estate, agriculture, 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 (e.g., pension, endowment, foundation, asset management company, insurance company, etc.) is required.
Prior experience conducting manager research and due diligence is required.
Prior portfolio management experience including position sizing, structure, composition, and rebalancing is required
MBA or related master’s degree preferred.
Experience with Bloomberg, Microsoft Access, Visual Basic, and SQL 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 a working knowledge of:
Required mathematical skills include a working knowledge of:
Required investments skills include a working knowledge of:
Must possess excellent communication skills:
Must have the ability to:
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 physical activities related to walking, standing, stooping, sitting, reaching, talking, hearing and seeing. Common eye, hand, finger dexterity required to perform essential functions.
Position requires 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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