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Analyst, Public Equity

533773

PHOENIX

ARIZONA STATE RETIREMENT SYSTEM (ASRS)

Full-time

Closing at: Jun 4 2025 - 23:55 MST

For more than a half-century, the Arizona State Retirement System (ASRS) has provided retirement, health insurance and long term disability benefits to employees of the state, counties, municipalities, universities, community colleges, school districts and other political entities. We are a top performing benefit plan administrator with a solid reputation and sustainable plan design. Our organizational culture is based on the following principles; Professionalism, Results, Improvement, Diversity and Excellence. We believe in delivering service with PRIDE.

The ASRS Investment Division is led by Michael Viteri, Chief Investment Officer, and manages the daily investment of approximately $57 billion in assets held in a diversified investment portfolio of cash, fixed income, domestic and international equities, real estate, private equity and private credit. The ASRS Investment Division, currently comprised of 12 individuals, is responsible for managing the investments of the ASRS pension plan, Long Term Disability plan, and Health Benefits plan. Codified through the ASRS Investment Beliefs, the ASRS Investment Division oversees the actual investments, which are managed by a select group of investment managers, as well as providing internal portfolio management capabilities for select asset class mandates.

Check out our webpage, Azasrs.gov, to learn more about the ASRS.

ANALYST, PUBLIC EQUITY

Job Location:

Address: 3300 N. Central Ave., Phoenix, AZ 85012

Posting Details:

Closing Date: Wednesday, June 4, 2025

Job Summary:

The Arizona State Retirement System (ASRS) is seeking a Senior Investment Analyst to join its Public Equity Team. This role will focus on U.S. mid- and small-cap fundamental public equities, with responsibility for conducting in-depth research and analysis to support investment decision-making. The Analyst will evaluate financial data, market trends, sector performance, and company-specific equity valuations to identify attractive investment opportunities. Additionally, the role includes presenting research findings and market updates to the Public Equity Team.

Essential activities:

Conduct comprehensive fundamental analysis of mid and small-cap U.S. companies, including financial statement analysis, valuation modeling, and industry assessment.
Develop and present research reports, investment recommendations, and market commentary to the internal team.
Engage with company management teams (when applicable), sell-side research analysts, industry experts, and other stakeholders to gain insights and validate investment perspectives.
Track, evaluate and conduct reporting on the performance of existing and prospective investments and positions.
Assist Senior Portfolio Manager and/or Deputy CIO with investment research projects
Works collaboratively across a number of functional areas within ASRS

The ideal candidate will have:

Academic

Relevant Bachelor’s or Master’s degree

Certification

CFA or other appropriate professional investment designation or progress towards designation

Experience

5+ years of experience related to U.S. mid and small-cap equity research

Other Skills

Superb work ethic and positive collegial attitude
Highly organized with exceptional attention to detail
Ability to work both independently and with a team
Creativity and problem solving skills
Excellent Microsoft Office skills
Excellent verbal and written communication skills

Benefits:

The State of Arizona offers a comprehensive benefits package that includes:

Competitive salary and incentive compensation program (up to 30% of base salary)
Tuition/Professional Certification monetary assistance
Robust and affordable insurance plans (medical, dental, life, short-term and long-term disability options)
A top-ranked retirement program
10 paid holidays per year
Accrued vacation (21 days/year) and sick days (12 days/year)
An incentivized commuter club and public transportation subsidy program
The opportunity to participate in deferred compensation, credit union membership, and a wellness program
Rewarding work that benefits the people of Arizona
Public Service Loan Forgiveness eligible employer
Free Covered Parking

The Arizona State Retirement System is located in midtown Phoenix, within walking distance of the Light Rail. We offer a stable work environment and an atmosphere that fosters a healthy work-life balance.

For a complete list of benefits provided by The State of Arizona, please visit our benefits page

Retirement:

Positions in this classification participate in the Arizona State Retirement System (ASRS).

Persons with a disability may request a reasonable accommodation such as a sign language interpreter or an alternative format by contacting 602.677.2902.

* Arizona State Government is an EOE/ADA Reasonable Accommodation Employer.
* All newly hired employees are subject to the E-Verify Employment Eligibility Verification Program.
* Candidates selected for hire will be subject to a background investigation to include credit and criminal history.

ARIZONA MANAGEMENT SYSTEM (AMS)

All Arizona state employees operate within the Arizona Management System (AMS), an intentional, results-driven approach for doing the work of state government whereby every employee reflects on performance, reduces waste, and commits to continuous improvement with sustainable progress. Through AMS, every state employee seeks to understand customer needs, identify problems, improve processes, and measure results.
State employees are highly engaged, collaborative and embrace a culture of public service.

The State of Arizona is an Equal Opportunity/Reasonable Accommodation Employer.

If this position requires driving or the use of a vehicle as an essential function of the job to conduct State business, then the following requirements apply: Driver’s License Requirements