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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Richmond, Virginia

Salary: $75K - $95K

The Virginia Retirement System, an independent state agency based in Richmond, delivers retirement and other benefits to covered Virginia public sector employees through sound financial stewardship and superior customer service. VRS ranks as the 14th largest public or private pension fund in the U.S. and the 42nd largest in the world, serving more than 778,000 active and inactive members, retirees and beneficiaries. Members include public school teachers, political subdivision employees (cities, towns, special authorities and commissions), state agency employees, public college and university personnel, state police, Virginia law officers and the judiciary. Approximately 832 employers participate in VRS.

Title: Investment Analyst – Real Assets (Hybrid Work Schedule)

State Role Title: Investment Analyst – Real Assets (Hybrid Work Schedule)

Hiring Range: $75,000-$95,000 (commensurate with experience/based on job series)

Pay Band: UG

Agency: Virginia Retirement System

Location: Virginia Retirement System

Agency Website: varetire.org

Recruitment Type: General Public – G

Job Duties

The Investment Analyst will assist the Real Assets team with the management and oversight of the Real Assets investment portfolio. This position will perform various types of research and analysis and provide important decision-making support for senior team members across the various real assets sectors within the program: real estate, infrastructure and natural resources. The Investment Analyst will also be involved in certain reporting and performance requirements as well as with creating presentations and providing updates to demonstrate the current positioning and results of the portfolio. Continued education and training are available to team members and are encouraged for the continued development of knowledge and skills.

Real Assets Portfolio
– Provide assistance with identifying, evaluating, negotiating, monitoring and closing Real Assets investments across limited partnership interests in both open-end and closed-end funds as well as joint ventures and separate accounts
– Assist with the evaluation of specific co-investments alongside existing fund managers
– Monitor existing investments, create presentations and provide updates to demonstrate current positioning and results of the VRS portfolio
Portfolio Reporting Requirements
– Responsible for various portfolio monitoring tools and reports that are used by senior team members in the management of the Real Assets portfolio
– Assist in the monthly performance reconciliations as well as new account set-ups
Asset Allocation Decisions
– Assist in assessing the current and future prospects of sub-asset class investments as well as perform continual market research through a variety of sources to assess changing industry fundamentals
– Contribute to the formulation of opinions of investment managers and other investment opportunities

Minimum Qualifications

• Bachelor’s degree in finance, economics, statistics, accounting, or related field
• Significant understanding of financial markets
• Attention to detail and analytical skills (both quantitative and qualitative) are critical
• Two or more years experience in investment analysis, or similar role
• Strong analytical skills, with a process mindset and interest in solving complex problems
• Ability to work well across various investment and investment support groups
• Excellent verbal and written communication skills
• Self-motivated, superb work ethic, attention to detail, team orientation, and commitment to excellence
• Ability to prioritize items and meet deadlines
• Advanced level proficiency with Microsoft Office products, particularly Excel

Additional Considerations

CFA or CAIA designation (or the ability to pursue/complete these advanced certifications)
Familiarity with Python and/or large data processing

Special Instructions

You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.

*VRS is unable to provide sponsorship, for this position*

This position follows the hybrid work model, currently requiring two days onsite and 3 days remote.

Investment/Operational due diligence performed on external investment managers and other related entities will include both on-site and virtual visits; therefore, some out-of-state travel may be required.

**Disclaimer: Applications of individuals who have applied for this position may be considered for vacant positions within the same job series if the qualifications for the vacant position are met.**

Contact Information

Name: Human Resources

Phone: 804-697-6697

Email: careers@varetire.org

In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their Certificate of Disability (COD) provided by a Vocational Rehabilitation Counselor within the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their Certificate of Disability. If you need to get a Certificate of Disability, use this link: Career Pathways for Individuals with Disabilities, or call DARS at 800-552-5019, or DBVI at 800-622-2155.