State of Connecticut Executive Branch

Investment Officer (1224VR)

$0.01-$478.93 Hourly / $0.00-$0.00 BiWeekly /
$1.00-$999,999.00 Yearly

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Office of the State Treasurer this class is accountable for independently performing investment functions in one or more investment programs or trust funds.

GUIDELINES FOR JOB CLASS USE

The PFM Investment classes are structured into successive levels, which are distinguished based on the complexity, variety, scope, and independence of the responsibilities assigned and the size of the staff managed. The Investment Officer is the working level professional.

The class assists in the management of Connecticut Retirement Plans and Trust Funds (CRPTF) in one or more assigned investment area(s) listed below in adherence with all aspects of the Investment Policy Statement.
  • PUBLIC MARKETS
  • RISK MITIGATION
  • LIQUIDITY
  • PRIVATE MARKETS
  • LEGAL
  • OPERATIONS
  • RISK MANAGEMENT

SUPERVISION RECEIVED

Receives general direction from a higher-level investment professional.

SUPERVISION EXERCISED

May lead professional and clerical staff as assigned.

EXAMPLES OF DUTIES

  • Performs investment-related tasks necessary for the administration and operations of the CRPTF within the Pension Funds Management Division;
  • Supports the implementation and operation of an investment program or trust fund within the area/asset class assigned (e.g., private equity, private credit, real estate, infrastructure/natural resources, global equities, global fixed income, liquidity, operations and/or risk mitigation funds strategies);
  • Supports leadership with oversight of investment fund managers, consultants and custodians;
  • Prepares reports requested by the Treasurer, Deputy Treasurer, Chief Investment Officer, Deputy Chief Investment Officer, Principal Investment Officers and/or other senior investment professionals;
  • Conducts periodic reviews of on-going investment programs and recommends changes in strategy as required;
  • Stays informed on events and other factors which could affect investment programs;
  • Conducts feasibility reviews of potential investments and makes appropriate recommendations;
  • Analyzes economic indicators in investment markets;
  • Decides priorities of investment options;
  • Maintains appropriate performance records;
  • Participates in the recruitment and hiring of staff, including outreach, interview and selection;
  • Analyzes and develops asset allocation plans;
  • Monitors asset performance and conducts modeling and attribution analysis; 
  • Performs various investment accounting functions;
  • Instructs custodians on investment transactions processing and reporting;
  • Supports the negotiation of investment contracts;
  • Performs various compliance and governance functions for adherence with investment contracts and guidelines;
  • Conducts restricted securities screening; 
  • Leads and participates in engagements with portfolio companies;
  • Conducts research and analysis of corporate finance and governance issues;
  • Analyzes sustainable investments and ESG;
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

  • Considerable knowledge of
    • investment practices and procedures;
    • specific disciplines required for performance of duties (real estate, private equity, public equity, fixed income, liquidity, risk management, operations, etc.);
  • Considerable
    • interpersonal skills;
    • oral and written communication skills;
  • Considerable ability to
    • analyze and evaluate investment alternatives;
    • prepare financial and analytical reports;
    • plan and maintain appropriate controls and records of investment transactions.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Nine (9) years of experience performing investment functions specific to the assigned area in an investment management, pension, endowment, accounting or equivalent environment.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

College training in a closely related field to the assigned area may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor’s degree.

CHARACTER REQUIREMENTS

In addition to the checking of references and of facts stated in the application, a thorough background investigation of each candidate may be made before persons are certified for appointment.

APPOINTMENT

In accordance with Section 3-13a of the Connecticut General Statutes.

COMPENSATION GUIDELINES

Compensation for this class shall be determined by the Treasurer within salary ranges established by the Treasurer in consultation with the Investment Advisory Council.

JOB CLASS DESIGNATION

Unclassified

OCCUPATIONAL GROUP

(01)-Accounting/Auditing

BARGAINING UNIT

(01)-EXEMPT/ELEC/APPOINT

EEO

(2)-Professional

SALARY INFORMATION

VR 99

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all-inclusive of every task and/or responsibility.

CANCELLATION CLAUSE

This replaces the existing specification for the class of Investment Officer assigned to Salary Group VR 99 approved effective July 1, 2023. (Revised to modify content. Reviewed in accordance with Connecticut General Statute § 5-200a.) Item No. 24-134

EFFECTIVE DATE

10/08/2024
CLASS: 1224VR; EST: 7/1/2023; REV: 10/11/2024;