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. Defined Benefit assets were $48.1 billion as of 12/31/2024.

Why you’ll love working at URS

Meaningful and interesting work

Make an impact

Career development and personal growth

Learning opportunities across asset classes

Access to investment thought leaders globally

Hybrid work environment

Team oriented and collegial culture

Competitive pay and benefits

To learn more about the URS Investments Department click here.

POSITION SUMMARY

Under the direction of the senior operations staff, the Investment Operations Analyst is responsible for the operational functions of an investment portfolio, including trade management, data reconciliation, cash flow processing, and portfolio monitoring. This role involves ensuring data accuracy, resolving discrepancies, and providing detailed reporting to internal stakeholders. The analyst will collaborate closely with portfolio managers, IT teams, and third-party service providers to maintain efficient workflows and communication. With a focus on accuracy, problem-solving, and process improvement, this position is essential to the smooth operation and performance of the investment portfolio.

ESSENTIAL JOB FUNCTIONS AND DUTIES

1. Assists in the accurate and efficient execution of the trade lifecycle across multiple asset classes, including equities, foreign exchange (FX), and futures. Collaborates proactively with custodians, brokers, and counterparties to identify and resolve settlement discrepancies and related issues promptly, ensuring professionalism and operational excellence.
2. Performs daily, weekly, and monthly reconciliations of trade data, cash balances, and portfolio holdings between internal systems and external custodians or service providers. Investigates and resolves any mismatches or discrepancies to maintain data accuracy.
3. Monitors and processes incoming and outgoing cash flows, including contributions, withdrawals, and income distributions. Maintains a detailed understanding of cash needs and ensures proper allocation of cash within the portfolio.
4. Ensures the accurate and timely input of portfolio-related data into operational systems. Conducts regular audits to verify data integrity and address any inconsistencies across reporting tools and platforms.
5. Continuously tracks and evaluates portfolio positions, exposures, and performance metrics. Identifies anomalies or unexpected performance and escalates them to operations leadership.
6. Assists with the maintenance, testing, and improvement of investment operations software.
7. Prepares detailed reports and dashboards for internal stakeholders, covering portfolio performance, trade execution metrics, and operational updates. Maintains comprehensive documentation of workflows and processes for consistency and audit readiness.
8. Fosters internal collaboration and upholds professionalism within the investments team, while building and maintaining productive relationships with external service providers.
9. Maintains regular and reliable attendance.
10. Maintains strict confidentiality and adheres to the ethics and compliance policies.
11. Performs other related duties as required.

Education and Experience

Bachelor's degree in finance, accounting, economics, or related field and one (1) year of experience preforming duties related to the investment operations, investment accounting, planning, organizing, information systems, finance, accounting, or related duties, or an equivalent combination of education and experience.

A foundational understanding of financial markets and investment instruments 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 and ability of:

• Microsoft Office Suite (with emphasis on Excel).
• Customer Relationship Management (CRM) systems.
• Database applications.
• Analytical tools to measure portfolio attributes.

Required investment skills include a working knowledge of:

• Institutional investment management principles.
• Equity portfolio management.
• Private equity and non-traditional investment types.
• Trading operations and data analysis.

Required mathematical skills include working knowledge of:

• Accounting principles.
• Statistical methods to verify and analyze data.

Must possess excellent communication skills:

• Communicate effectively in writing and verbally.
• Prepare reports and documents per standards.
• Establish and maintain professional relationships with colleagues and industry professionals.

Must have the ability to:

• 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.
• Keep beneficiaries interests a priority.

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.