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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Penn State University Park, Pennsylvania

Salary: $70K - $90K

Penn State’s multi-billion dollar Long Term Investment Pool (LTIP) is a diversified program invested across a variety of asset classes and strategies. The Office of Investment Management (OIM), together with Penn State Investment Council (appointed by the University’s Board of Trustees), are charged with managing the LTIP for current and future program spending while preserving the long-term purchasing power of the overall portfolio. Wisely investing funds for Penn State will support future generations through education, while also contributing to the growth and development of Penn State.

OIM has an ongoing investment analyst program intended to prepare graduates for a successful career in investing. If you have a desire to learn about institutional investing, this entry level position will provide a solid foundation for your future while continuing to benefit from and contribute to the Penn State community.

Flexible Work Arrangements

The position offers flexible work arrangements, such as in office, remote or hybrid work opportunities.

Position Summary

We are seeking candidates to join our three-year program starting in June of 2024. The position is open to graduating students. The Analyst, Investments position is a full-time, limited term role intended to provide a three-year rotational program within the Penn State Office of Investment Management providing an excellent opportunity to gain experience in institutional asset management and exposure to the global markets including both public and private investment strategies.

The position reports to the Director, Investments, supporting and interacting with the entire team. This is an exciting opportunity if you thrive in an interesting and challenging work environment. As a member of OIM, you will be joining a team of individuals in a collaborative, team environment focused on continual learning while meaningfully impacting Penn State.

What we will provide

The Analyst will be an important part of the institutional investment process and gain broad exposure to capital markets, asset allocation, investment strategies, portfolio construction, and investment manager selection. Investment Analysts work directly with senior staff, meet and interact with some of the world’s leading investment managers, and help identify investment opportunities. Analysts enjoy early responsibility and have a seat at the table from day one. (This role will not provide opportunities to analyze and manage portfolios of individual securities.)

A successful individual in this position will obtain the skills and experience providing a solid foundation for a career in investment management, and receive appropriate training and mentoring needed for this role and development into a successful investment professional.

Responsibilities of the Analyst, Investments

Investment Analysis

Perform asset class reviews, portfolio analysis, and monitoring of existing investments. Integrate views on investment risks, valuations, and future expected returns into the investment process by assisting with recommending specific investment strategies, asset allocation, and rebalancing decisions to improve portfolio construction.

Investment Research

Perform market surveillance and investment research across global public markets as well as a wide range of private investment strategies, geographies, and sectors. Impact the investment decision making process by contributing insights resulting from evaluation of economic research, investment market environments, psychology of investors, and trends. Assist with special projects assigned by senior staff.

Risk Management

Assist with defining investment risk exposures and evaluating investment risks at the aggregate portfolio level. Contribute to investment risk discussions within the investment office.

Communications

Create and maintain investment reports, databases, and presentations. Contribute to the internal dialogue with the entire investment team to enhance the investment process.

Due Diligence

Participate in investment strategy/manager due diligence as well as assisting with operational due diligence.

Governance

Adhere to the values of the University and act as a fiduciary. Contribute to the process to improve and update investment policy statements.

Expected Competencies – Experience, Knowledge, and Skills

The Pennsylvania State University seeks a dynamic individual that will challenge and assist in the evolution of our investment beliefs. Intellectual curiosity and a passion for learning about investing are necessary. The successful candidate will be able to work independently as well as in a collaborative environment with a diverse team.

The preferred candidate will possess:
A desire to learn about investment strategies, including the principles of asset allocation, endowment management, and macroeconomic theories
Strong analytical skills and an ability to incorporate quantitative and qualitative factors
Proficiency in Microsoft Office, with emphasis on Excel and PowerPoint
Aptitude in learning third-party software for investment analysis
Familiarity with gathering, analyzing and visualizing data or desire to develop skills
Resourcefulness in managing multiple tasks; advancing projects from ideas to outcomes on a timely basis
Comfort with basic statistics
An interest in the Chartered Financial Analyst (CFA) program
The temperament to deal with ambiguity
A balance of confidence and humility
The ability to constructively challenge and respectfully debate topics, quickly synthesize information, and articulate ideas with a diverse audience
Elevated level of professionalism with excellent organizational, communication, and critical thinking skills

The Analyst, Investments position typically requires a new graduate holding a Bachelor’s degree. However, an Associate’s degree plus 4 years of related experience is also acceptable.

Who we are

As a member of Finance and Business, you will be joining a team of individuals who have the ambition to help Penn State succeed. Workforce diversity, cultural inclusiveness, and employment equity are deeply rooted in Penn State’s historic mission. Just as we are committed to being a diverse educational environment, we are also committed to being a diverse working community. As a community, we endeavor to be a mixture of cultural backgrounds, life experiences, and individual perspectives that add variety and vitality to the workplace. The University believes that we can learn from each other’s differences and break down the barriers that separate us. Penn State is a place where everyone can be themselves, together.

Requirements to express an interest

Please note that a resume and cover letter are required as part of this application. All application materials must be uploaded at the time of application, as you will not be able to update your application once you hit submit.

Interested candidates are encouraged to learn more about our office at our website. https://oim.psu.edu/

Conditions of Employment

Due to the financial and fiduciary responsibilities of this position, successful completion of a credit history check will be required in addition to standard background checks.

Benefits:

Anticipated Salary $70,000 -$90,000 based on successful candidate’s education, experience, and competencies.

Consider joining Penn State where you would enjoy a generous benefits package from the first day on the job!  Learn more about our generous medical, dental, vision, retirement, tuition discount and time off here – Penn State Benefits. Benefits also include CFA program reimbursement.

The Pennsylvania State University is committed to and accountable for advancing diversity, equity, inclusion, and sustainability in all of its forms. We embrace individual uniqueness, foster a culture of inclusion that supports both broad and specific diversity initiatives, leverage the educational and institutional benefits of diversity in society and nature, and engage all individuals to help them thrive. We value inclusion as a core strength and an essential element of our public service mission.