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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Indianapolis, Indiana

Salary: $100K - $120K

Indiana Public Retirement System (INPRS’) is among the largest 100 pension systems in the United States. INPRS serves the needs of approximately 473,000 members and retirees representing approximately 1,244 employers, including public universities, school corporations, public safety, municipalities and state agencies. The Indiana Public Retirement System is a public pension fund who manages approximately over $40 billion in assets, making it one of the largest in the United States. We are located in the heart of the city, in downtown Indianapolis, near the circle & across the street from our monumental state house.

Your Impact?

This position is a member of the investment team responsible for the INPRS’ multi-billion dollar investment portfolio. As a member of the Public Markets Team, the Senior Investment Analyst – Public Markets, is responsible for sourcing, evaluating, recommending, and monitoring investments in the Absolute Return portfolio. The position is involved in all aspects of investment management including asset allocation, portfolio implementation, manager / investment due diligence and selection, as well as portfolio monitoring. The position also interacts with a wide variety of world-class managers and gains unique insights into global investments.

Essential Duties:

  • Identify institutional quality fund managers in the asset class and develop a pipeline of potential fund investment opportunities.
  • Source, analyze, evaluate, and lead due diligence processes for potential fund investments.
  • Negotiate fund terms and legal documents and oversee legal review of investment opportunities.
  • Monitor investment managers / investments and represent INPRS on advisory boards.
  • Assist with the analysis of amendments, consents, elections, and other manager correspondence, and recommend applicable courses of action.
  • Lead creation, development, and refinement of quantitative models.
  • Ensure that all actions taken in the Absolute Return allocation are consistent and in accordance with established investment policy guidelines and philosophy. Ensure compliance with contracts.
  • Proactively monitor activities of the Absolute Return portfolio including investment transactions, status reports, risk reports, and portfolio performance.
  • Assist with the strategic development of the Absolute Return portfolio.
  • Participate as an active member of INPRS’ Investments Team
  • Complete Investments Team strategic projects as assigned, including projects outside of public markets.

Job Requirements:

  • Knowledge of investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
  • Knowledge of statistical concepts, methods, and models, and their application to investments.
  • Considerable skill in financial modeling and asset valuation.
  • Considerable skill in using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software to prepare correspondence, spreadsheets, charts, and reports.
  • Considerable skill in conducting data searches and evaluations of large amounts of information, performing complex statistical analysis of the data, and preparing concise and accurate reports and written / oral recommendations.
  • Exceptional skill in planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced, changing environment and in completing detailed work with a high degree of accuracy.
  • Excellent verbal and / or written communication of complex information that is accurate, timely and based on sound judgment, and in making presentations to groups with varied levels of investment knowledge.
  • Excellent judgment and critical thinking skills.
  • Ability to lead and serve as a mentor to analysts on the Investments Team.
  • Ability to establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts, and to work effectively in a professional team environment.
  • Ability to travel as needed in order to conduct due diligence on investment managers and monitor current managers / investments.

Experience and Qualifications:

  • Bachelor’s degree is required from an accredited four-year college or university with major coursework in finance, economics, mathematics, accounting, or a related degree.
  • CAIA, CFA, and / or MBA is preferred
  • Full-time 2 to 5 years of professional investment or related experience and / or relevant internship experience is desired.
  • Prior experience with hedge fund and alternative investments is preferred.

Comprehensive Benefits Package:

  • Competitive compensation with investment incentive compensation plan
  • Flexible Work Arrangement (3 days in-person & 2 days remote)
  • Healthcare coverage (medical / dental / vision)
  • Health savings account with employer contribution
  • Prescription coverage
  • Employer funded retirement plan (pension plan)
  • Deferred compensation plan (employer and/or employee contribution plan)
  • Flexible spending account
  • Work/life balance (37.5 hours weekly)
  • 12 paid holidays; 14 during election year
  • Paid leave (personal, sick, vacation)
  • Tuition reimbursement
  • Group life insurance
  • Employer-paid downtown parking

If you are interested in this position, please submit your application and resume for review. For more information about our organization, please visit our INPRS Careers Page: https://www.in.gov/inprs/careers.htm.

Equal Employment Opportunity:

The Indiana Public Retirement System (INPRS) is an Equal Opportunity Employer and is committed to recruit, select, develop, and promote employees based on individual ability and job performance. Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status. We will comply with the spirit as well as the letter of all applicable state and federal laws.

Indiana Public Retirement System has established a culture that welcomes equity, inclusion, and opportunity for all employees and applicants. We encourage you to apply if you feel you have the transferrable skills to be successful in this position and we look forward to reviewing your application.