NEW JERSEY DEPARTMENT OF THE TREASURY
DIVISION OF INVESTMENT
The New Jersey Department of the Treasury’s Division of Investment seeks an investment professional to function as an Investment Performance Analyst responsible for ensuring investment returns are reported and evaluated accurately and to provide detailed quantitative and qualitative performance and return attribution for a complex portfolio comprised of public and private equity, fixed income, real estate, and risk mitigation strategies. The Investment Performance Analyst validates performance calculations via a prescribed audit trail process and serves as the primary resource for all performance-related matters for the assets under the Division’s management.
The Division of Investment manages and invests approximately $90 billion of investment assets of the State Pension Plans, State of New Jersey Cash Management Fund, Supplemental Annuity Collective Trust (a 403b plan), a portion of the NJBEST Fund (a 529-college savings plan), and several funds under the New Jersey State Employees Deferred Compensation Program (a 457 plan).
This position will assist the Director, Deputy Director, and senior investment staff in the review of Fund, asset class, composite performance, and attribution of returns. The prospective candidate will be responsible for developing and preparing comprehensive performance reports and compare returns versus appropriate market, benchmark, and peer returns, including attribution; analyzing drivers of absolute and relative investment performance, performance attribution, and portfolio characteristics, as well as portfolio strategies; providing updated portfolio, asset class, and composite accounting as well as analytics reports, as needed; developing and implementing standardized and customized performance metrics to evaluate portfolio, asset class, and composite returns; interacting with internal portfolio managers, custodian bank performance analysts, and external investment advisers and consultants as part of the ongoing process of accumulating and evaluating investment returns; establishing, implementing, and monitoring formalized audit trail for reconciliation and validation of performance returns; and performing ad-hoc jobs and projects, as needed.
A strong understanding of performance calculation and attribution methodologies, strong computer skills (particularly Excel and PowerPoint), as well as solid writing, communication, and presentation skills is required. Additionally, experience working with various investment applications including trade order management systems, portfolio management, compliance, risk reporting systems, and performance attribution systems is desired as well as experience working with Investment Committees and Boards.
EDUCATION: Bachelor's Degree in finance, economics, statistics, mathematics or other related field. Master's Degree in a similar field is preferred. (APPLICANT SUBMISSIONS MUST INCLUDE A COPY OF DEGREE AND/OR TRANSCRIPTS (OFFICIAL / UNOFFICIAL) DOCUMENTING POSSESSION OF DEGREE).
EXPERIENCE: Four (4) plus years of experience in the investment management field, preferably with direct experience monitoring and evaluating investment performance returns and attribution.
NOTE: CIPM and/or CFA designation is desirable.
NOTE FOR FOREIGN DEGREES: Degrees and/or transcripts issued by a college or university outside of the United States must be evaluated for accreditation by a reputable evaluation service at your expense. The evaluation must be included with your submission. Failure to submit the required evaluation may result in an ineligibility determination.
RESIDENCY REQUIREMENT: In accordance with the NJ FIRST ACT, new public employees are required to obtain New Jersey residency within one (1) year of employment. Visit http://nj.gov/labor/lwdhome/njfirst/NJFirst.html for more information.
If you are qualified and interested in this employment opportunity, please send your cover letter, resume, proof of degree and application for employment via email only, by February 2, 2019 to the address noted below. Candidates submitting incomplete packages will NOT be given further consideration and submissions must be received by 5:00 pm (close of business) on the last day of the posting period.
NJ Department of the Treasury
Division of Administration/Human Resources
Attn: Employment Recruiter
Email address: EmploymentRecruiter@treas.nj.gov
(Please use “PERFORMANCE ANALYST” in the Subject Line)
Your application for employment must be completed in detail, including names and phone numbers of supervisors, dates of all employment and the reason for leaving. Be sure to answer all questions. In addition, please include (3) business references on your application. To obtain an application for employment, go to: http://www.nj.gov/treasury/administration/pdf/hr-application.pdf.
New Jersey is an Equal Opportunity Employer