Description

In the capital markets’ ever-evolving landscape, PERA aims to strategically position the Fund to enhance liquidity, generate income, and achieve capital growth through careful capital and risk management. We are looking for an Investment Associate or Portfolio Manager to join our team and help shape the future of public pensions. This role will primarily support the Credit and Real Assets portfolios and will have generalist exposure to all other public and private asset categories.

Ideal applicants will demonstrate intellectual curiosity and the capacity to engage in innovative thinking when faced with complex problems. Candidates should excel in communicating their ideas clearly and persuasively, both in writing and verbally. A strong enthusiasm for quantitative and qualitative research and an interest in investment strategies and asset management analysis are essential.

At PERA, we highly value our culture, emphasizing collaboration and teamwork. However, we also recognize the importance of individual initiative and the ability to navigate and adapt within a rapid and dynamic work environment. The team is mission-focused, understanding its fiduciary duty and the importance of prudently investing assets to meet its statutory obligations to its members. If you’re passionate about contributing to a team while also forging your path in the fast-paced world of public pension plan investing, we would like to hear from you.

Requirements

The ideal candidate will possess the following skills:

• Self-starter with the initiative and drive to learn while doing.
• Time management and organizational skills to promote organizational efficiency through high professional standards.
• Ability to assist in monitoring, analysis, and research for a portfolio of illiquid investment strategies.
• Ability to assist in due diligence of new and existing investment managers and strategies.
• Ability to assist in implementation and execution of portfolio, strategy, and investment-specific recommendations.
• Ability to assist in preparing investment recommendations based on strategic asset allocation decisions.
• Ability to cross-collaborate with the operations team, custody bank, and various consultants to assist in validating monthly and quarterly performance and risk reporting.
• Ability to act as lead project manager on research and operational projects on an ad-hoc basis.
• Strong communication skills that allow for frequent correspondence with investment managers, external service providers, and industry experts to formulate market opinions, identify investment opportunities, and gauge investment trends.
• Team-player skills that allow for contribution to ongoing process improvements.
• Networking skills that will allow for the establishment of professional relationships with institutional investor peers and with tenured industry professionals at professional seminars and conferences.
• Ability to present informational and educational items to the Investment Committee and Board.

Minimum Qualifications:

• A Bachelor’s Degree; Applicable education includes investment management, business administration, accounting, financial management, economics, mathematics, statistics, or related field. An understanding of financial theory and statistical measures
• Prior experience conducting investment manager research, sourcing, and due diligence in an institutional investment setting (pension fund, endowment, asset management, etc.) is preferred
• Progress toward Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), Certificate in Investment Performance Measurement (CIPM), Certified Public Accountant (CPA) or related designations is preferred

Miscellaneous:

• The position is based in Santa Fe, NM 
• Remote work is allowed 2-3 days per week; candidate must live in the State of New Mexico, per Governor mandated order.
• Periodic travel
• This is an exempt, at-will position.
• Salary range is $ 80,000 - 150,000.

Consider this a footnote. Bonus points if you reference it in the cover letter.