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The Senior Investment Performance Analyst, working under limited supervision, performs complex, investment-related financial analysis work such as calculating, analyzing, reconciling and reporting daily, monthly, quarterly and annual returns and ex-post risk data. This includes benchmark returns, composite returns, multi-period returns, linked sub-period returns, Internal Rates of Return and attribution analysis. This position will also respond to requests for performance data from senior management, surveys and asset class staff. The position is required to maintain a high level of expertise in the performance measurement methodology used by the State Board of Administration and used in the industry as best practice. The Senior Investment Performance Analyst reports to the Manager of Quantitative Investment Analysis.

45% - Performs the daily, monthly, quarterly and annual return reconciliation process using data analytics software (e.g. Excel, SQL, VBA, R, Crystal Reports or similar program)

  • Reconciles monthly composite and benchmark returns to ensure accuracy by building models to compare reasonableness of returns based on market conditions and portfolio activity
  • Calculates and reconciles time-weighted and Internal Rates of Return for private market accounts, composites and benchmarks
  • Evaluates return, valuation and cash flow discrepancies against policy and the custodian contract to determine appropriate action then determines if remaining discrepancies are acceptable and makes recommendations on how to proceed if a return is not reasonable
  • Evaluates the custodian’s documentation on discrepancies and determines if documentation is adequate
  • Maintains organized and effective files and documentation to support account, composite and index performance and risk data
  • Evaluates revisions to prior-period data, determines which composites will be affected and communicates the list of composites to Investment Performance Analytics & Risk staff via email prior to the data arriving in the feed then validates the revised data after it arrives in the feed to determine if it is accurate and if all expected revisions have been received
  • Manages the account/composite opening/change process


40% - Produces reports and ensures accuracy of the performance databases and reporting

  • Updates report models to reflect current valuations and market conditions using SQL, VBA, R or similar program
  • Makes adjustments to SQL, VBA, R or similar program code needed to reflect new investment strategies or to override incorrect market data
  • Requests changes to the performance databases based on requests by the Senior Investment Officers by entering them in the database change log
  • Reviews database entries to determine if changes have been appropriately updated
  • Queries data from various software programs and performs data analysis on the performance returns and risk statistics utilizing Pace query models in SQL, VBA, R or similar program to ensure accuracy
  • Recommends corrections or enhancements to reports to the Director of Performance and Risk Analytics
  • Provides survey data to internal staff responsible for responding to surveys


10% - Maintains expertise in the technical concepts used in performance methodology for rate of return, contribution to return, risk measurement, attribution reporting and in the software used by the SBA in order to manage responses to ad hoc requests from senior management and other SBA staff

  • Remains current with Global Investment Performance Standards and other industry standards and best practices and maintains expertise in technical performance and risk concepts to be used in performance, contribution to return, attribution, risk models, and in extracting data from performance and risk databases
  • Attends classes, conferences and/or workshops and studies training materials on Eagle Pace and DataMart and becomes proficient in system usage
  • Answers questions from the bank, senior management, or asset class staff and follows up on any related requests
  • Evaluates requests to determine the appropriate source of data collection and determines if a new model is needed to respond to the request and creates any models needed to respond to the request using SQL, VBA, R or similar program
  • Analyzes the model’s output for errors and reasonableness using models derived from alternate data sources


05% - Performs other duties as assigned

Qualifications

A bachelor's degree from an accredited college or university in finance, analytics, mathematics, statistics, or a related field and three years of related experience. Or any combination of education and/or experience equal to the minimum requirements.

Preferences:

  • Certificate in Investment Performance Measurement or Chartered Financial Analyst credential


Knowledge, Skills and Abilities: 

  • Knowledge of performance and risk measurement best practices
  • Excellent organizational skills including the ability to provide detailed documentation that supports processes and results
  • Strong computer literacy and analytical skills including the ability to efficiently query databases
  • Ability to communicate effectively, both in writing and orally
  • Ability to consistently produce accurate work
  • Ability to manage multiple projects and tasks simultaneously and demonstrate flexibility necessitated by changing priorities
  • Strong work ethic, positive attitude and sense of urgency to meet deadlines, willingness to work until the task is completed successfully
  • Strong understanding of calculations required for performance and risk measurement, analysis and reporting

Employees

Ash Williams

Investor

United States

Daniel D'Orchimont

Investor | Sovereign Wealth Fund

United States

Kevin Sigrist

Investor | Sovereign Wealth Fund

Luanne Good

Investor | Pension

United States

Paul Groom

Investor | Sovereign Wealth Fund

United States

Stephen Tabb

Investor | Sovereign Wealth Fund

United States