Investment Analyst or Sr. Investment Analyst; Private Equity – Venture Buyout, Special

About The Company

We serve Utah public employees with retirement and insurance benefits in a partnership of trust with a commitment to value, innovation, and excellence. URS has two divisions. The Retirement Office administers pension benefits and retirement savings plans. Public Employees Health Program (PEHP), a division of Utah Retirement Systems, is a nonprofit trust with the vital job of providing health benefits to Utah’s public employees and their families.

We serve only the public sector — the State of Utah, its counties, cities, school districts, and other public agencies.

The Investments Team is responsible for implementing the investment program of the URS Defined Benefit plan. The Investments Team manages investments internally and partners with external investment firms to manage a globally diversified portfolio. The teams’ efforts have a strong emphasis on Absolute Return, Real Assets, and Private Equity investments. Defined Benefit assets were $48.1 billion as of 12/31/2024.

• Meaningful and interesting work
• Make an impact
• Career development and personal growth
• Learning opportunities across asset classes
• Access to investment thought leaders globally
• Hybrid work environment
• Team oriented and collegial culture
• Competitive pay and benefits
• Outstanding outdoor lifestyle, including proximity to 7 ski resorts

• Team player
• Strong analytical and critical thinking skills
• Passion for quantitative and qualitative analysis, manager selection, and strategy research
• Strong written and verbal communication skills
• Ability to build relationships
• High degree of intellectual curiosity
• Entrepreneurial mindset (see something, do something)
• Mission-oriented

This job may be filled at either of the levels listed below:

Collaborates with the Investment Team in the ongoing monitoring, evaluation, and selection of external managers and/or direct investments. Provides research, analysis, and recommendations to Senior Investment Professionals on risk, performance, and portfolio fit. Gathers data for Risk Management Systems. Provides support for decisions regarding asset allocation, Board communication, and reporting.

• Conducts analysis and due diligence on investment managers. Evaluates, monitors, and makes recommendations in the context of portfolio objectives, market conditions, performance of peers, benchmarks, and other considerations. May perform similar functions related to joint venture or direct investments.
• Develops and demonstrates competence in specific strategy area(s), sector(s), and/or asset class(es).
• Assists senior URS investment professionals and other personnel as needed.
• Prepares investment recommendations based on strategic and tactical asset allocation decisions.
• Corresponds frequently with partners, investment managers, external service providers, and industry experts to formulate market opinions, identify investment opportunities, and gauge investment trends.
• Contributes to ongoing process improvement for investment decisions, analyst workflow, strategy modeling, etc.
• Attends professional seminars and conferences; establishes professional relationships with institutional investor peers and with tenured industry professionals.
• Promotes internal cooperation among the Investment Team and with external service providers.
• Promotes organizational efficiency through high professional standards.
• Demonstrates a high level of intellectual curiosity.
• Maintains regular and reliable attendance.
• Maintains strict confidentiality and adheres to URS Ethics and Compliance policies.
• Other related duties as required.

Education and Experience

• A Bachelor’s Degree and a minimum of one (1) year directly related professional experience; or an equivalent combination of education and experience.
• Applicable degrees include: investment management, business administration, accounting, financial management, real estate, agriculture, economics,…