Investment Analyst Private Equity
Title: Investment Analyst - Private Equity (Hybrid Work Schedule)
Hiring Range: $75,289-$103,000 (based on job series, and commensurate with experience)
Agency: Virginia Retirement System
Agency Website: varetire.org
Job Duties:
The Investment Analyst will assist the Program Director and Senior Investment Professionals with the management and oversight of the Private Equity investment portfolio. The position reports directly to the Director of Private Equity. The incumbent will work with the entire Private Equity team to perform various types of research and analysis and provide important decision-making support for senior team members, both in the private equity partnership portfolio and the private equity co-investment portfolio. Additionally, the incumbent may be involved with special projects relating to the management of the overall VRS portfolio. Continued education and training are available to team members and are encouraged for the continued development of knowledge and skills.
Partnership Portfolio – The incumbent will provide assistance identifying, evaluating, negotiating, monitoring and closing private equity partnership investments. Investments are made with both existing managers that raise follow-on funds and new relationships that staff determines represent a significant enhancement to the existing group of managers. Potential new opportunities must meet strict investment criteria and withstand a rigorous due diligence review process. The incumbent will also be involved with creating presentations and providing updates to demonstrate the current positioning and results of the portfolio.
Co-Investment Portfolio – The incumbent will assist with the evaluation of new co-investment opportunities as well as monitoring existing investments. New investments will be determined based on an analysis of underlying business fundamentals, the quality of the general partner leading the investment and the fit within the overall co-investment portfolio. Existing investments are monitored and reported at both company and portfolio levels. Monitoring at the deal level involves an analysis of company and industry developments, updates with general partners in regard to the direction and development of an investment, and analysis of any possible follow-on investment opportunities. Portfolio monitoring involves analysis of exposures and performance across the co-investment portfolio and creating presentations to be reviewed by senior staff.
Asset Allocation Decisions - The incumbent will assist in assessing the current and future prospects of sub-asset class investments, and continual market research is performed on changing industry fundamentals through a variety of sources. Market intelligence is obtained from meetings with potential managers, industry periodicals, conferences and networking within the private equity community. Inputs from these numerous sources are critical elements in helping to guide the allocation decisions of the private equity program.
Minimum Qualifications:
• Bachelor's degree in finance, economics, statistics, accounting, or related field; an equivalent combination of education and experience may also be considered
• 0-2+ years' experience in investment analysis, or similar role
• Significant understanding of financial markets
• Attention to detail and analytical skills (both quantitative and qualitative) are critical
• Strong analytical skills, with a process mindset and interest in solving complex problems
• Ability to work well across various investment and investment support groups
• Excellent verbal and written communication skills
• Self-motivated, superb work ethic, attention to detail, team orientation, and commitment to excellence
• Ability to effectively communicate implications of analysis, as well as investment themes, to staff and VRS Management Committee
• Ability to prioritize items and meet deadlines
• Advanced level proficiency with Microsoft Office products, particularly Excel
Additional Considerations:
• CFA or CAIA designation (or the ability to pursue/complete these advanced certifications)
• Familiarity with Python and/or large data processing
Special Instructions:
*VRS is unable to provide sponsorship, for this position*
This position follows the hybrid work model, currently requiring three days on-site and two days remote; the selected candidate must be able to work in the office any day of the week, as required by the manager.
Investment/Operational due diligence performed on external investment managers and other related entities will include both on-site and virtual visits; therefore, some out-of-state travel may be required.
VRS Investments provides additional incentive compensation opportunities which are available, subject to certain eligibility and performance criteria. Please direct any incentive compensation or bonus-specific questions to careers@varetire.org.
**Disclaimer** Applications of individuals who have applied for this position may be considered for vacant positions, within the same job series, if the qualifications for the vacant position are met.
Contact Information
Name: Human Resources
Email: careers@varetire.org