Investment Intern State of Rhode Island Office of the General Treasurer
CLASS DEFINITION
GENERAL STATEMENT OF DUTIES: To assist with various projects and analyses related to the investment of funds within the Office of the General Treasurer. This includes assisting in the monitoring of the Employees’ Retirement System of Rhode Island (“ERSRI”) investment portfolio (both defined benefit and defined contribution plans). To assist in matters related to the Investment Management processes, presentation, and monitoring; and to do related work as required.
SUPERVISION RECEIVED: Receives direction and works under the general supervision of the Chief Investment Officer and senior staff, who will review work results for conformance to established procedures, regulations and controls.
SUPERVISION EXERCISED: None.
ILLUSTRATIVE EXAMPLES OF WORK PERFORMED
To support the functions of the Investment Division in a variety of financial functions
pertaining to retirement funds, defined contribution and deferred compensation plans, and
CollegeBound products.
Pension Fund
To analyze, monitor, and assist senior Investment Staff with the monitoring of the state’s investment portfolio, consisting of recording monthly, quarterly and annual performance relating to various investment managers, the master custodian, general consultant, hedge fund, private equity, real estate, 529, and Defined Contribution advisors and the Retirement Accounting System.
To assist in the verification and reconciliation of performance of the investment managers and monitor the contractual provisions of the investment managers and other service providers to ensure compliance with guidelines and restrictions outlined in Investment Policy Statements. To monitor actual asset class allocation relative to targeted allocation. To assist with managerial due diligence and portfolio construction.
To work with the Custodian to enhance and update the monthly reporting process. To work with outside investment advisors and managers to construct monthly and weekly performance and risk reporting to facilitate portfolio management and reporting to the State Investment Commission and outside parties. Perform other related duties as required.
To assist in reporting the Fund’s investment performance versus peer universes and a selected group of similar funds
To assist in reporting the Fund’s managers’ performance versus similar funds in their category
To assist in producing monthly and quarterly reports on short-term investment portfolio performance, including peer benchmark comparisons.
To perform a variety of routine office functions and routine clerical tasks incidental to the work of the investment division.
To do related work as required.
REQUIRED QUALIFICATIONS FOR APPOINTMENT
KNOWLEDGES, SKILLS, CAPACITIES: Must possess strong quantitative and analytical skills; must be detail oriented and have a knowledge of the principles of investment management; must have a working knowledge of computer systems and related capacities and abilities. Must have strong experience with Excel and Power Point.
EDUCATION AND EXPERIENCE: Working towards a bachelor’s degree from a recognized college or university with a concentration in business, economics, math/statistics or related field