ERS PENSION INVESTMENT ANALYST I/II/III

Located on the western shore of Lake Michigan, Milwaukee is an urban hub bursting with energy. Milwaukee provides a casual sophistication – big city appeal without the big city hassles. We are accessible and affordable, and our residents are welcoming. Milwaukee has evolved through the years, bringing together its unsurpassed charm with a breathtaking Art Museum, top-flight arts and cultural attractions, professional sports, lakefront festivals, recreational opportunities, and great restaurants.

The City of Milwaukee is proud to employ a diverse workforce that is committed to providing exemplary service to the City’s residents. If you have a passion for being a part of an inclusive team of public servants, please consider the following opportunity.

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.

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.

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.

NOTICE: Please do not include your academic transcripts with your employment application. The hiring department will verify candidates’ education as part of the background screening process prior to extending any job offers.

• Designation as a CFA, or progression toward gaining the CFA credential.
• Experience developing and preparing written summaries of investment findings.
• Experience utilizing spreadsheets and presentation software.

Technical

• Knowledge of portfolio management theory and financial controls.
• Knowledge of investment vehicles and investment processes.
• Knowledge of investment accounting and investment systems at a basic level.
• Ability to read and interpret statistical and actuarial reports.
• Knowledge of investment-related analytical and performance monitoring systems.
• Knowledge of mathematical principles and the ability to make accurate calculations.
• Skill in managing large and complex quantities of data and information.
• Proficiency using spreadsheets, word processing, and presentation software.

Judgment and Problem-Solving

• Ability to work independently, accurately, and within time constraints.
• Ability to solve and manage problems independently.
• Ability to think critically and analytically to problem-solve, make decisions, and use sound judgment.
• Ability to work effectively under pressure and tight time constraints to produce high quality product.
• Ability to perform work with a high degree of accuracy and highly organized.

Communication and Interpersonal

• Ability to effectively communicate complex investment concepts, both verbally and in writing.
• Verbal communication skills to positively represent the department to individuals and groups both large and small.
• Ability to prepare executive summaries and other written communications for senior management and Board of Trustees.
• Ability to work cooperatively and effectively with people whose backgrounds may differ from one’s own.

Integrity and Professionalism

• Integrity and the ability to maintain complete confidentiality.
• Ability to exhibit exemplary professionalism.

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 that includes the following:

• Defined Benefit Pension Plan
• 457 Deferred Compensation Plan
• Health and Dental Insurance
• Paid Parental Leave
• Comprehensive Wellness Program
• Onsite Clinic Services
• Onsite Employee Assistance Program
• Alternative Work Schedules
• Long Term Disability Insurance
• Group Life Insurance
• Tuition Benefits
• Paid Vacation
• 12 Paid Holidays
• Paid Sick Leave and other paid leaves
• Flexible Spending Arrangement
• Commuter Value Pass

For full details of the benefits offered by the City of Milwaukee, please visit https://city.milwaukee.gov/der/benefits.

THE SELECTION PROCESS will be job related and will consist of one or more of the following: an evaluation of education, experience and/or responses to supplemental questions; a written or performance test, a structured interview or other assessment methods. The Department of Employee Relations reserves the right to call only the most qualified candidates to structured interviews and performance examinations. Structured interviews may include written exercises. Selection process component weights will be determined by further analysis of the job.

INITIAL FILING DATE - The selection process will be held as soon as practical after the deadline listed above. Receipt of applications may be discontinued at any time after this date without prior notice. However, recruitment may continue until the needs of the City have been met. Qualified applicants will be notified of the date, time, and place of the selection process components. Unless otherwise required by law, the City of Milwaukee will not provide alternative selection process dates or times. The applicant is responsible for attending all phases of the job selection process at the time and place designated by the City of Milwaukee.

• APPLICATIONS and further information can be accessed by visiting www.jobapscloud.com/MIL.
• If you would like assistance completing an application, please contact the Department of Employee Relations at (414) 286-3751 or staffinginfo@milwaukee.gov.
• The Department of Employee Relations is in City Hall, 200 E Wells St, Room 706, Milwaukee, WI 53202.

EEO 202

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