Investment Intern

Arizona Department of Administration • Phoenix, AZ

1d • Onsite

About The Position

The Arizona Public Safety Personnel Retirement System (PSPRS) is hiring an Investment Intern to work with its Investment Team in Phoenix, Arizona. This is a 12-week, on-site internship expected to begin in mid-May and continue through mid-August. Interns must reside in Arizona during the internship. The schedule is flexible, with work of up to 40 hours per week. Compensation is $30.00 per hour; no other benefits are provided.

The intern will support the Investment Team through financial analysis, investment due diligence, research, meeting participation, report organization, and maintenance of the team’s internal contact management system. The position includes assisting portfolio managers with analysis of prospective investments and investment partners.

PSPRS provides retirement benefits to Arizona’s public safety employees and serves approximately 60,000 active and retired public employees. Employment is contingent on passing a background investigation that includes credit and criminal history. Newly hired State employees must successfully complete E-Verify. Driver’s license requirements apply if driving or using a vehicle is an essential job function for State business.

Requirements

• Currently pursuing a bachelor’s or master’s degree in finance, economics, business administration, mathematics, or a related field.
• Knowledge of financial economics, including consumption and investment, portfolio theory, the Capital Asset Pricing Model, and market efficiency.
• Knowledge of characteristics of financial instruments such as stocks and bonds.
• Skill in portfolio optimization, multiple regression analysis, market research, and valuation methodologies.
• Ability to provide close attention to detail, handle overlapping schedules, quickly learn new skills, and cooperate with others.
• Must reside in Arizona during the internship.
• Must pass a background investigation that includes credit and criminal history.
• Must complete the Electronic Employment Eligibility Verification Program (E-Verify) if hired as a State employee.

Nice To Haves

• Preference is given to juniors, seniors, or first-year master’s students.
• A degree program in finance, economics, business administration, mathematics, or a related field is preferred.

Responsibilities

• Conduct bespoke financial analysis, including fundamental and technical market analysis, discounted cash flow analysis, and portfolio optimization.
• Assist with front-end due diligence of prospective investment partners through market research, performance analysis, and memo writing.
• Attend investment-related meetings, including Investment Committee meetings and meetings with current or prospective investment partners.
• Download and organize quarterly reports for more than 150 external investment partner relationships.
• Maintain the Investment Team’s internal contact management system.

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed