Pension Investment Analyst Portfolio Strategy & Due Diligence

Under the direction of the Employes’ Retirement System (ERS) Deputy Chief Investment Officer, the Pension Investment Analyst conducts due diligence on investment managers and monitors performance and compliance for the ERS’s $6.5 billion investment portfolio. IMPORTANT NOTE: The position may be filled at the level of Investments and Financial Services Specialist (2IX), Pension Investment Analyst I (PR 2PX), Pension Investment Analyst II (PR 2QX), or Pension Investment Analyst III (PR 2RX), depending upon the qualifications of the candidate and the needs of the Employes’ Retirement System (ERS). Eligible candidates who successfully complete the selection process will be placed on the highest-level eligible list for which they qualify. Essential Functions Fund Research, Analysis and Recommendations For each investment manager, conduct due diligence and monitor and examine their performance, holdings, risk level, and guideline compliance. Review and evaluate performance, develop appropriate recommendations, and prepare reports. Conduct investment management with due diligence in person and attend institutional investment-specific training and conferences. Portfolio Performance and Initiatives – Research, Analysis and Recommendations Analyze the investment portfolio, portfolio strategy, and potential changes to the strategy. Analyze individual investment managers and/or asset classes such as equity, fixed income, real estate, hedge funds, and private equity. Advise the Deputy Chief Investment Officer and Chief Investment Officer, and assist in answering inquiries and requests of the ERS Board, Investment Committee, or other organizations. Ensure that the ERS management and the ERS Annuity and Pension Board are provided with the necessary information and analysis for their investment-related decision‑making. Prepare reports for management, the ERS Annuity and Pension Board, and its committees regarding investment matters, investment research results, and special projects. Execute and manage special projects related to the investment portfolio. Prepare quantitative analysis with respect to investment-related issues. Investment-Related Transactions – Coordination and Implementation Provide financial analytical support for the payment of fees and the financial accounting and budgeting of investments. Work with the Custodian to monitor cash balances, coordinate rebalancing transactions, and reconcile investment manager quarterly statements. We welcome qualified individuals with disabilities who are interested in employment and will make reasonable accommodations during the hiring process in accordance with the Americans with Disabilities Act (ADA) of 1990, as amended by the Americans with Disabilities Act Amendments Act (ADAAA) of 2008. Conditions of Employment Travel outside the City of Milwaukee for investment manager due diligence, job‑related training, presentations, and conferences; overnight travel up to 10% of the year required. Investments and Financial Services Specialist Bachelor’s degree in finance, economics, or a closely related field from an accredited college or university attained or expected by June 2027. One of the following must be demonstrated on your application or through the supplemental questionnaire. At least three college classes must be related to investments. Chartered Financial Analyst (CFA) Level I Candidate. For the Investment and Financial Services Specialist, under requirement two, equivalent combination of education and experience may be considered. For example, an internship in the investment field could be substituted for up to two investment related classes. Note: Students with senior status may apply for this position, but may not be appointed until their degree has been completed. Pension Investment Analyst I-II-III All Three Levels 1. Bachelor’s degree in finance, economics, accounting, or a closely related field from an accredited college or university. Pension Investment Analyst I 2. Two years of progressively responsible experience performing duties related to analyzing investments, financial, and quantitative information and preparing written summary reports of findings. Pension Investment Analyst II 2. Three years of progressively responsible experience performing duties related to analyzing investments, financial, and quantitative information and preparing written summary reports of findings. 3. Successful completion of Level 1 of the Chartered Financial Analyst (CFA) Program at the time of appointment. Pension Investment Analyst III 2. Four years of progressively responsible experience performing duties related to analyzing investments, financial, and quantitative information and preparing written summary reports of findings. 3. Successful completion of Level 2 of the Chartered Financial Analyst (CFA) Program at the time of appointment. Equivalent combination of education and experience maybe considered. However, there is no substitution allowed for the Chartered Financial Analyst (CFA) Program requirements. Desirable Qualifications Chartered Financial Analyst (CFA) Designation, or progression toward earning the CFA Charter. Experience developing and preparing written summaries of investment findings. Experience utilizing spreadsheets and presentation software. Knowledge, Skills, Abilities & Other Characteristics Investment and Financial Services Specialist Technical, Critical Thinking and Professionalism, and Communication and Interpersonal Knowledge of portfolio management theory. Knowledge of mathematical principles and the ability to make accurate calculations. Skill in managing large and complex quantities of data and information. Proficiency using spreadsheets, word processing, and presentation software. Ability to read and interpret statistical reports. Ability to work independently, accurately, and within time constraints. Ability to solve and manage problems independently. Ability to think critically and analytically to problem‑solve, make decisions, and use sound judgment. Ability to work effectively under pressure and tight time constraints to produce a high‑quality product. Ability to perform work with a high degree of accuracy and be highly organized. Integrity and the ability to maintain complete confidentiality. Ability to exhibit exemplary professionalism. Ability to be a responsible steward of City resources. Verbal communication skills to positively represent the department to individuals and groups both large and small. Ability to work cooperatively and effectively with people whose backgrounds may differ from one’s own. Written communication skills; ability to produce clear and concise reports, data analysis, letters, and memos. Technical Knowledge of portfolio management theory and financial controls. Knowledge of investment vehicles and investment processes. Knowledge of investment accounting and investment systems at a basic level. Ability to read and interpret statistical and actuarial reports. Knowledge of investment‑related analytical and performance monitoring systems. Knowledge of mathematical principles and the ability to make accurate calculations. Skill in managing large and complex quantities of data and information. Proficiency using spreadsheets, word processing, and presentation software. Critical Thinking and Professionalism Ability to work independently, accurately, and within time constraints. Ability to solve and manage problems independently. Ability to think critically and analytically to problem‑solve, make decisions, and use sound judgment. Ability to work effectively under pressure and tight time constraints to produce a high‑quality product. Ability to perform work with a high degree of accuracy and be highly organized. Integrity and the ability to maintain complete confidentiality. Ability to exhibit exemplary professionalism. Ability to be a responsible steward of City resources. Communication and Interpersonal Ability to effectively communicate complex investment concepts, both verbally and in writing. Verbal communication skills to positively represent the department to individuals and groups both large and small. Ability to prepare executive summaries and other written communications for senior management and the Board of Trustees. Ability to work cooperatively and effectively with people whose backgrounds may differ from one’s own. Written communication skills; ability to produce clear and concise reports, data analysis, letters, and memos. Investments and Financial Services Specialist (Pay Range 2IX): The current salary range is $68,244-$89,460 annually, and the salary range for City of Milwaukee residents is $70,974-$93,038 annually. Pension Investment Analyst I (Pay Range 2PX): The current salary range is $96,999-$139,868 annually, and the salary range for City of Milwaukee residents is $100,879-$145,463 annually. Pension Investment Analyst II (Pay Range 2QX): The current salary range is $103,384-$149,086 annually, and the salary range for City of Milwaukee residents is $107,519-$155,049 annually. Pension Investment Analyst III (Pay Range 2RX): The current salary range is $110,197-$158,908 annually, and the salary range for City of Milwaukee residents is $114,605-$165,265 annually. All titles listed above : Appointment above the minimum is possible based upon level of experience and other qualifications and is subject to approval. #J-18808-Ljbffr