The Illinois Municipal Retirement Fund (IMRF) has a current job opening for a Private Markets Analyst in our Investment Department, reporting to an Investment Officer and working closely with the Chief Investment Officer. IMRF is the second largest – and best funded-statewide public pension system in Illinois.
The Private Markets Analyst will be an integral member of the investment team on a global investment portfolio with assets in excess of $40 billion, responsible for evaluating and analyzing various investments across all private market asset classes. It is the mission of the Investment Department to optimize the total return of the IMRF investment portfolio through a policy of long-term diversified investment, using parameters of prudent risk management.
Key Responsibilities Highlights:
Manage the private market program to achieve long-term performance targets within acceptable risk parameters.
Recommend appropriate strategies across a wide range of asset classes (private equity, real assets, and real estate) regarding new investments with existing and new managers.
Conduct manager meetings and prepare prospective and current manager meeting notes in a timely and accurate manner.
Responsible for maintaining NAV, management fees and cash flow files for the Private Markets portfolio.
Review private markets portfolio performance reports and monitor separately managed accounts. Provide updates and recommendations to the Chief Investment Officer on the course of action.
Ensure manager compliance with the relevant investment management agreement(s) and IMRF Investment Policies.
Assess and negotiate legal terms governing existing and pending investments
Perform tasks required of all investment analysts and be familiar with all aspects of Investment Department operations.
Education and Experience Required:
Bachelor’s Degree or Master’s Degree. Accounting, Finance, or Economics preferred AND Minimum of five years’ institutional investment experience, including at least 2 years private market investment experience
Either Chartered Financial Analyst (CFA ), CFA Level III candidate or a Chartered Alternative Investment Analyst (CAIA) designation is required.
Other qualities needed for success in this role:
Ability to think critically about manager performance and portfolio decisions
Demonstrated thoughtful and disciplined approach to private market investing
Strong oral and written communication skills (including presentation skills).
Strong financial modeling skills including working knowledge of Microsoft Excel, PowerPoint and Access
Ability to travel overnight occasionally; holds a valid Driver’s License
Generous insurance benefits, including medical and dental
35 hour base work week, Monday - Friday
Death, disability, and pension retirement benefits as a member of IMRF
Paid vacation, 12 paid holidays and 2 personal days
Onsite amenities include health club, café and salon
Business casual attire
Award-winning organizational approach to performance excellence
Starting Salary Range: $105,000 - $125,000 annually IMRF is conveniently located in Oak Brook, IL. Interview travel reimbursement available. Target dates for interviews: month of April.
Visit our website at www.imrf.org for more information about IMRF and to submit your resume and cover letter on our Employment at IMRF page.
Internal Number: PMA
The Illinois Municipal Retirement Fund (IMRF) is the second largest — and best funded — public pension system in Illinois. With more than $40 billion in assets, IMRF partners with local units of government to provide death, disability and retirement benefits for working and retired public employees. IMRF has more than 275,000 active and retired members working for nearly 3,000 different units of local government, including school districts, counties, cities and villages, parks and libraries. IMRF revenue comes from member contributions, employer contributions, and investment income. IMRF receives no funding from the State of Illinois.