ERS Investment Analyst

About the role

The Pension Investment Analyst conducts due diligence on investment managers and monitors performance and compliance for the ERS’s $6.5 billion investment portfolio. Under the direction of the Employes’ Retirement System (ERS) Deputy Chief Investment Officer, 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).

Responsibilities

• Conduct due diligence and monitor and examine the performance, holdings, risk level, and guideline compliance of each investment manager.
• Review and evaluate performance, develop appropriate recommendations, and prepare reports.
• Attend institutional investment-specific training and conferences.
• 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.
• Provide necessary information and analysis for investment-related decision-making to the ERS management and the ERS Annuity and Pension Board.
• 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.
• 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.

Qualifications

• Bachelor’s degree in finance, economics, accounting, or a closely related field from an accredited college or university.
• For the Investment and Financial Services Specialist, at least three college classes must be related to investments.
• For the Pension Investment Analyst I, two years of progressively responsible experience performing duties related to analyzing investments, financial, and quantitative information and preparing written summary reports of findings.
• For the Pension Investment Analyst II, three years of progressively responsible experience performing duties related to analyzing investments, financial, and quantitative information and preparing written summary reports of findings, and successful completion of Level 1 of the Chartered Financial Analyst (CFA) Program at the time of appointment.
• For the Pension Investment Analyst III, four years of progressively responsible experience performing duties related to analyzing investments, financial, and quantitative information and preparing written summary reports of findings, and successful completion of Level 2 of the Chartered Financial Analyst (CFA) Program at the time of appointment.

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.

Pay

• Investments and Financial Services Specialist: 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: 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: 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: Current salary range is $110,197-$158,908 annually, and the salary range for City of Milwaukee residents is $114,605-$165,265 annually.