INVESTMENT ANALYST-PUBLIC EQUITY Job at State of Illinois, Springfield, IL

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  • State of Illinois
  • Springfield, IL

Job Description

Agency:  Teachers' Retirement System of the State of Illinois
Closing Date/Time: 04/04/2025
Salary: $83,511-106,895
Job Type:  Salaried 
County: Sangamon
Number of Vacancies: 1

 

 

**************** A RESUME IS REQUIRED FOR THIS JOB POSTING ****************

 

Please attach a DETAILED Resume/Curriculum Vitae (CV) to the MY DOCUMENTS section of your application. You WILL NOT be considered for the position if you attach a CMS100, CMS100b or any other document that is not a Resume or CV.

 

 

Why Work for Illinois?

 

 

Working with the State of Illinois is a testament to the values of compassion, equity, and dedication that define our state. Whether you’re helping to improve schools, protect our natural resources, or support families in need, you’re part of something bigger—something that touches the lives of every person who calls Illinois home.

 

No matter what state career you’re looking for, we offer jobs that fit your life and your schedule—flexible jobs that provide the gold standard of benefits. Our employees can take advantage of various avenues to advance their careers and realize their dreams. Our top-tier benefits and great retirement packages can help you build a rewarding career and lasting future with the State of Illinois.

 

 

The Investments Team

An investments career with TRS is an opportunity to help Illinois public educators achieve their promised retirement security. The Investments team at TRS serves a critical role within TRS’ mission, as the team collectively manages and monitors over $72.9 billion in retirement assets on behalf of the System, as of August 31, 2024. The team consists of over 20 professionals that are responsible for evaluating and selecting external investment managers for the investment portfolio. Investing in a variety of strategies spanning equity, fixed income, real assets, hedge funds, and private markets asset classes, the team’s investment process includes significant qualitative and quantitative diligence. Investment professionals meet with existing and prospective managers to evaluate manager returns, risk, and fit within the portfolio. Manager exposures, track record, and other data are thoroughly analyzed within multiple systems throughout the investment process.

 

Job Summary

This is an exciting opportunity to join the investment management team of a large institutional investor with nearly $25 billion in public equity investments.  This role offers broad exposure to macroeconomic trends, portfolio management and investment manager research .  The Investment Analyst will play a key role in evaluating external investment managers across regions and styles, assessing performance drivers, risk, and portfolio positioning. The team’s relatively small size and dynamic decision-making process will enable the selected candidate to contribute meaningfully early in their tenure. Under the guidance of senior investment staff, the Investment Analyst will assist in the coordination and monitoring of investments within the Teachers’ Retirement System’s Public Equity portfolio. This includes supporting all aspects of the investment process for externally managed domestic, global, and international equity strategies. The role requires strong analytical skills, the ability to conduct in-depth due diligence, and the capacity to develop well-supported recommendations. The ideal candidate will have a strong foundation in investment theory, the ability to work independently, and the ability to manage multiple priorities in a fast-paced environment. Strong written and verbal communication skills are essential.

Essential Functions

  • Assist senior investment staff with all aspects of the due diligence and portfolio monitoring process for the System's public equity portfolio. 
  • Develop, enhance, and maintain key internal reporting documents to track portfolio exposures, positioning, characteristics, and performance attribution. 
  • Evaluate the organizational tenets, investment team, process, performance, and portfolio fit of existing and prospective investment management relationships and asset class structures.
  • Support the development of presentation materials and related investment memos to communicate with senior investment department staff and the TRS Board of Trustees. 
  • Work with senior staff on the rebalancing and cash flow management of the portfolio. 
  • Assist with contract negotiation and coordination, ongoing performance calculations, fee assessments, and other operational projects. An ability to improve process efficiency is preferred. 
  • Interact with external investment managers and consultants in supporting the due diligence process, including travel to interview key personnel from current and prospective investment firms as needed. 
  • Perform other types of analysis as assigned or required. 

 

 

Knowledge, Skills and Abilities

·Demonstrates analytical and investment research skills

·Develops effective presentation materials for a wide range of audiences

·Coordinates with other related teams including accounting, risk, and quantitative analysis

·Proficiency in relevant software such as BlackRock Aladdin, Bloomberg, and Wilshire Compass

·Maintains a high degree of professionalism in all internal and external interactions

Minimum Requirements

·Bachelor’s degree in finance, accounting, economics, business, or related field

·Advanced degree in finance, accounting, economics, business, or related field is preferred

·Two or more years of investment experience, ideally focused within public equity is preferred

·Chartered Financial Analyst (CFA) designation or progress toward earning the CFA charter is preferred

·Experience with programming languages or data visualization software is preferred

·Experience working with public equity portfolio management, due diligence, or assessment of related facets such as performance attribution, risk management, and positioning is preferred

Benefits

·State, health, dental, life, and vision insurance

·12 vacation, 12 sick, and 3 personal time days of compensated  time

·Teachers’ Retirement System  Pension

·Deferred compensation  plan

Work Hours: 8:30am-4:30pm 
Work Location: 2815 W. Washington St., Springfield, IL 62702-3397 
Agency Contact: cwalls@trsil.org 
Posting Group: Fiscal, Finance & Procurement 

 

Agency statement: TRS provides retirement benefits for teachers who are employed by all Illinois public common and charter school districts located outside the city of Chicago. The Illinois Pension Code contains the laws relating to our creation, benefits, and administration.

 

The main form of communication will be through email. Please check your “junk mail”, “spam”, or “other” folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:

  • donotreply@SIL-P1.ns2cloud.com
  • systems@SIL-P1.ns2cloud.com

Job Tags

Contract work, Flexible hours,

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