The Tennessee Department of Treasury impacts the lives of Tennesseans every day. Treasury is responsible for many of the financial operations of state government, including managing more than $125 billion in assets through its various investment programs. We administer and invest the State’s Retirement Program, RetireReadyTN, which combines the state pension plan, Tennessee Consolidated Retirement System, and the State’s Defined Contribution plans. Treasury serves all Tennesseans by helping to educate and empower them to make smart financial choices, and by providing public- serving programs in the areas of college savings, financial literacy, unclaimed property, risk management, criminal injuries compensation, and more. At the present time, this position is primarily remote, with occasional required in-person meetings. It is anticipated that the department will regularly utilize its downtown Nashville office on a hybrid schedule in the future. Job location is subject to change at the discretion of the Department. The successful candidate should live in Tennessee and provide sufficient internet connection. Details below.
Job Overview:
The Tennessee Department of Treasury is seeking an Investment Analyst to support the Strategic Lending (alternative credit) investment program within the Tennessee Consolidated Retirement System (TCRS). This position offers an opportunity to work collaboratively with an experienced team of investment professionals in a growing and diverse asset class. The successful candidate will work in the Treasury’s Nashville, Tennessee offices once pandemic restrictions are lifted.
Distinguishing Features:
The Strategic Lending portfolio represents over $8 billion in net asset value as one of the three alternatives portfolios within the TCRS, and has a target allocation of 10% in the plan. The Strategic Lending team invests most of its assets with external investment managers that allocate to private credit, high yield bonds, bank loans, structured credit, among others. This position offers substantial opportunities to participate in a very dynamic part of the investment profession.
Key Responsibilities:
· Maintain and utilize the alternative investment management system:
o Manage and own data and documentation upload processes related to portfolio transactions, etc.
o Generate a draft weekly report from the system.
o Develop expertise in the system.
· Support due diligence, selection, and closing of new strategic lending investments.
· Help monitor existing investments and maintain relationships with current external investment managers.
· Reconcile quarterly performance and annual investment costs for the portfolio.
· Contribute to broader alternative investment portfolio discussions.
· Contribute to the management of TCRS and other Treasury portfolios.
- · Occasional travel to annual meetings, conferences, onsite due diligence, and/or training. This position will typically travel approximately 6 times per year for 1-4 days each.
Minimum Qualifications:
· Graduation from a four-year college or university with a bachelor’s degree in an appropriate discipline.
· Proficient Microsoft Excel skills.
· High standards of personal and professional ethics.
· Excellent communication skills (oral and written).
· Team player with good interpersonal / relationship skills.
· Energetic, inquisitive, analytical, self-reflective, and organized.
· Willingness to work toward obtaining the Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA) professional designations.
Preferred Qualifications:
· 0 – 3 years of relevant experience.
Compensation is designed to attract the best-qualified applicants and will be objectively determined based on the successful candidate’s experience and qualifications. Low-premium health insurance, a hybrid retirement benefit with a deferred compensation match and defined benefit accrual, and other benefits are also provided. Notably, Tennessee does not have an income tax on wages.
Finalists for this position will be expected to agree to, and provide information for, a comprehensive background check.
We are committed to co-creating a respectful workplace through diversity and collaboration. Our differences make us stronger together, and we believe supporting heterogeneous perspectives is essential to making the best decisions. We therefore encourage and would be grateful to receive interest from candidates from a variety of backgrounds.
The State of Tennessee is an Equal Opportunity Employer.
View other career opportunities at Treasury.
