Ers Pension Investment Analyst I, II, And III

Job Description

Introduction

The City of Milwaukee is proud to employ a workforce
dedicated to delivering exceptional service to its residents. If you are
passionate about being part of an inclusive team of public servants, please
consider the following opportunity.

Purpose

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 $6.5 billion investment portfolio.
IMPORTANT NOTE: The position may be filled at the level
of Investments and Financial Services Specialist (2IX), 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.

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.
Conduct investment management with due diligence in person and
attend 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, hedge funds, and private equity.
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 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 the 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.

Conditions of Employment

Travel outside the City of Milwaukee for investment manager
due diligence, job-related training, presentations, and conferences; overnight
travel up to 10% of the year required.

Minimum Requirements

Investments and Financial Services Specialist

Bachelor's degree in finance, economics, or a closely
related field from an accredited college or university attained or expected by
June 2027.
One of the following must be demonstrated on your
application or through the supplemental questionnaire

At least three college classes must be related to
investments.
Chartered Financial
Analyst (CFA) Level I Candidate.

For the Investment and Financial Services Specialist, under
requirement two, equivalent combination of education and experience may be
considered. For example, an internship in the investment field could be
substituted for up to two investment related classes.
Note: Students with senior status may apply for this
position, but may not be appointed until their degree has been completed.

Pension Investment Analyst I-II-III
All Three Levels
1. Bachelor's degree in finance,
economics, accounting, or a closely related field from an accredited college or
university.
Pension Investment Analyst I
2. Two years of progressively
responsible experience performing duties related to analyzing investments, financial,
and quantitative information and preparing written summary reports of findings.
Pension Investment Analyst II
2. Three years of progressively
responsible experience performing duties related to analyzing investments,
financial, and quantitative information and preparing written summary reports
of findings.
3. Successful
completion of Level 1 of the Chartered Financial Analyst (CFA) Program at the
time of appointment.
Pension Investment Analyst III
2. Four years of progressively
responsible experience performing duties related to analyzing investments,
financial, and quantitative information and preparing written summary reports
of findings.
3. Successful
completion of Level 2 of the Chartered Financial Analyst (CFA) Program at the
time of appointment.
Equivalent combination of education and experience maybe
considered. However, there is no substitution allowed for the Chartered
Financial Analyst (CFA) Program requirements.
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.

Desirable Qualifications

Chartered Financial Analyst (CFA) Designation, or
progression toward earning the CFA Charter.
Experience developing and preparing written summaries of
investment findings.
Experience utilizing spreadsheets and presentation software.

Knowledge, Skills, Abilities & Other Characteristics

Investment and Financial Services Specialist
Technical, Critical Thinking and Professionalism, and
Communication and Interpersonal

Knowledge of portfolio management theory.
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.
Ability to read and interpret statistical reports.
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 a high-quality product.
Ability to perform work with a high degree of accuracy
and be highly organized.
Integrity and the ability to maintain complete
confidentiality.
Ability to exhibit exemplary professionalism.
Ability to be a responsible steward of City resources.
Verbal communication skills to positively represent the
department to individuals and groups both large and small.
Ability to work cooperatively and effectively with people
whose backgrounds may differ from one's own.
Written communication skills; ability to produce clear and
concise reports, data analysis, letters, and memos.

ERS Pension Investment Analyst I-II-III
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.

Critical Thinking and Professionalism

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 a high-quality product.
Ability to perform work with a high degree of accuracy
and be highly organized.
Integrity and the ability to maintain complete
confidentiality.
Ability to exhibit exemplary professionalism.
Ability to be a responsible steward of City resources.

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 the Board of Trustees.
Ability to work cooperatively and effectively with people
whose backgrounds may differ from one's own.
Written communication skills; ability to produce
clear and concise reports, data analysis, letters, and memos.

Current Salary

Investments and Financial Services Specialist (Pay Range 2IX):

The current salary range is $68,244-$89,460 annually,
and the salary range for City of Milwaukee residents is $70,974-$93,038
annually.

Pension Investment Analyst I (Pay Range 2PX):

The current salary range is $96,999-$139,868 annually, and
the salary range for City of Milwaukee residents is $100,879-$145,463 annually.

Pension Investment Analyst II (Pay Range 2QX):

The current salary range is $103,384-$149,086 annually, and
the salary range for City of Milwaukee residents is $107,519-$155,049 annually.

Pension Investment Analyst III (Pay Range 2RX):

The current salary range is $110,197-$158,908 annually, and
the salary range for City of Milwaukee residents is $114,605-$165,265 annually.

All titles listed above: Appointment above the minimum is
possible based upon level of experience and other qualifications and is subject
to approv

Requirements

Requirements

Investments and Financial Services Specialist

Bachelor's degree in finance, economics, or a closely
related field from an accredited college or university attained or expected by
June 2027.
One of the following must be demonstrated on your