ERS Pension Investment Analyst I/II/III

Under the direction of the Employes’ Retirement System (ERS) Deputy Chief Investment Officer, the Pension Investment Analyst conducts due diligence on investment managers and monitors performance and compliance for the ERS’s $5.5 billion investment portfolio.

IMPORTANT NOTE: The position will be filled at the level of Pension Investment Analyst I (PR 2PX), Pension Investment Analyst II (PR 2QX), or Pension Investment Analyst III (PR 2RX) depending upon the qualifications of the candidate and the needs of the Employes’ Retirement System (ERS). Eligible candidates who successfully complete the selection process will be placed on the highest-level eligible list for which they qualify. The eligible lists resulting from this examination may be used to fill similar City of Milwaukee positions.

ESSENTIAL FUNCTIONS

Fund – Research, Analysis and Recommendations

• For each investment manager, conduct due diligence and monitor and examine their performance, holdings, risk level, and guideline compliance.
• Review and evaluate performance, develop appropriate recommendations, and prepare reports.
• Travel approximately 10% of the time for the purpose of conducting investment manager due diligence and attending institutional investment-specific training and conferences.  

Portfolio Performance and Initiatives – Research, Analysis and Recommendations

• 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, and hedge funds.
• 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 appropriate organizations.
• Ensure that the ERS management and the ERS Annuity and Pension Board are provided with the necessary information and analysis for their investment related decision-making.
• 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.  

Investment-Related Transactions – Coordination and Implementation

• Provide financial analytical support for the payment of fees and the financial accounting and budgeting of investments.
• Work with Custodian to monitor cash balances, coordinate rebalancing transactions, and reconcile investment manager quarterly statements.  

We welcome qualified individuals with disabilities who are interested in employment and will make reasonable accommodations during the hiring process in accordance with the Americans with Disabilities Act (ADA) of 1990, as amended by the Americans with Disabilities Act Amendments Act (ADAAA) of 2008.

MINIMUM REQUIREMENTS

All Three levels:

1.    Bachelor’s degree in accounting, business, finance, or a closely related field from an accredited college or university.

Pension Investment Analyst III (PG 2RX):

2.    Four years of progressively responsible experience in analyzing investments, financial, and quantitative information and preparing written summary reports of findings. Complete levels 1 & 2 of the Chartered Financial Analyst (CFA) requirement at time of appointment.

Pension Investment Analyst II (PG 2QX):

2.    Three years of progressively responsible experience in analyzing investments, financial, and quantitative information and preparing written summary reports of findings. Complete level 1 of the CFA requirement at time of appointment.

Pension Investment Analyst I (PG 2PX):

2.    Two years of progressively responsible experience performing duties related to analyzing investments, financial, and quantitative information and preparing written summary reports of findings.

Equivalent combinations of education and experience may be considered.

CURRENT SALARY

Pension Investment Analyst-III (Pay Range 2RX):

The current salary range is $108,037-$151,255 annually, and the salary range for City of Milwaukee residents is $111,278-$155,792 annually.

Pension Investment Analyst II (Pay Range 2QX):

The current salary range is $101,356-$141,906 annually, and the salary range for City of Milwaukee residents is $104,397-$146,163 annually.

Pension Investment Analyst I (Pay Range 2PX):

The current salary range is $95,097-$133,131 annually, and the salary range for City of Milwaukee residents is $97,950-$137,125 annually.

Appointment above the minimum is possible based upon level of experience and other qualifications and is subject to approval.

BENEFITS: The City of Milwaukee provides a comprehensive benefit program. For full details of the benefits offered by the City of Milwaukee, please visit https://city.milwaukee.gov/der/benefits.

The City of Milwaukee values and encourages diversity and is an equal opportunity employer.