RESEARCH OFFICER DIVISION OF INVESTMENT

Code: 52467 State Competitive Range: V34 (FY 2027) Hire up to Step 9

Salary: $121,055.33 - $179,045.93/year FY 2027 schedule (last updated 2026-07-27)

Official job specification

The text below is the official specification published by the New Jersey Civil Service Commission. The plain-language summary and analysis above are derived from it by NJ Civil Service Navigator. Source: the official specification page at NJ CSC.

Definition

Under direction of the Director, Division of Investment, Department of the Treasury, assumes full responsibility and authority for developing and implementing investment research policies and guidelines required for the investment management of pension and state funds aggregating billions of dollars; develops and directs the work programs, office procedures, and activities of the staff of the Research Section; does related work as required.

Examples of work

Develops procedures to maintain comprehensive files and statistical records of the industries, companies, authorities, and municipalities whose debt or stock is held by the New Jersey Investment Funds including companies and industries that are possible candidates for future purchases. Supervises the maintenance of and recommends additions and deletions to the approved common stock list involving the basic research of the fundamentals and quality minimally required for each security. Maintains cooperative relationships with brokerage offices, institutional research analysts, and portfolio advisors. Develops procedures to update division records relevant to dividend payments, stock dividends, stock splits, name changes, bond redemptions, rating changes, mergers, and sinking fund calls. Maintains a record of research assistance received from brokers, and recommends allocation of stock business based on the substance of the information and its timeliness. As an agent for the State Treasurer, signs and approves voucher forms for the investment of money and for vouchers covering out-of-pocket disbursements by custodian institutions for the various State of New Jersey Investment Funds. Develops procedures and methodology for the preparation of fund analyses. Develops procedures and methodology for the preparation of supervisory bulletins. Plans, organizes, and assigns the work of the organizational unit and evaluates employee performance and conduct, enabling the effective recommendation of the hiring, firing, promoting, and disciplining of subordinates. Prepares extensive correspondence in the course of official duties. Prepares and directs the preparation of clear, technically sound, accurate, and comprehensive reports of investments and related matters containing findings, conclusions, and recommendations. Supervises the maintenance of essential division records and files. Functions in the absence of and represents the Director at meetings and conferences. Will be required to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units.

Requirements

License

Appointees will be required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee mobility, is necessary to perform the essential duties of the position.

Knowledge, skills and abilities

Knowledge of the Federal Tax Code as it relates to the corporate sector. Knowledge of foreign currency exchange and its impact on investment activity. Knowledge of the firms engaged in securities business in the metropolitan area including New York, Philadelphia, and New Jersey. Knowledge of prospectuses, bond indentures, and covenant changes for the purpose of recommending an appropriate course of action to the Director and Deputy Director. Knowledge of the typical business activities and operations of publicly and privately owned companies. Knowledge of the quality of credit of bond holdings and new issue bonds. Knowledge and understanding of the methods and techniques used by companies to finance growth, both short and long term, involving bank borrowing, commercial paper, sale of debt and/or equity, and the resulting impact on corporate financial strength and earnings. Knowledge of modern accounting practices and their impact on corporate balance sheets, earnings, and cash flow. Knowledge of the role of fiscal and monetary policy and its impact on interest rates, overall economic growth, and inflation. Ability to read, interpret and apply the laws of the State of New Jersey relevant to the administration and investment of various state funds, and the rules, regulations, and procedures of the Department of the Treasury and the State Investment Council relevant to state investments and fund analyses. Ability to interpret and evaluate balance sheets, income statements, litigations, cash flow statements, 10-K reports, annual reports, and other relevant corporate documents. Ability to conduct productive interviews with senior management of publicly and privately owned companies and to supervise such interviews. Ability to plan, direct, and implement investment research activities and projects. Ability to direct research staff to use proper judgment in the maintenance of essential files and records (corporate reports, newspaper clippings, brokerage reports, other documents, and so forth) applicable to monitoring the fundamental outlook for stocks and bonds. Ability to present well-documented written and/or oral opinions and recommendations to senior staff. Ability to establish and maintain cooperative working relationships with brokers, the representatives of banks, investment houses, and with those groups and individuals engaged in the securities business and/or concerned with the work of the Division of Investment. Ability to prepare correspondence. Ability to prepare and direct the preparation of clear, technically sound, accurate, and comprehensive reports of investments and related matters containing findings, conclusions, and recommendations. Ability to monitor and evaluate the quality of credit of bond holdings and new issue bonds, and to assist in the development of methods to improve this function. Ability to monitor and evaluate the activities and operations of publicly and privately owned companies. Ability to review and evaluate varied investment statements, documents, reports, and other relevant corporate documents. Ability to delegate assignments, provides instruction, and supervises the work performance of professional and clerical staff. Ability to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units. Ability to read, write, speak, understand, or communicate in English sufficiently to perform the duties of this position. American Sign Language or Braille may also be considered as acceptable forms of communication. Persons with mental or physical disabilities are eligible as long as they can perform the essential functions of the job after reasonable accommodation is made to their known limitations. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible. CODES: 34/V34- MCK 04/02/05 <

Note

The definition and examples of work for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job specification. Conversely, all duties performed on the job may not be listed. Applicants must meet one of the following or a combination of both experience and education. Thirty (30) semester hour credits are equal to one (1) year of relevant experience. Ten (10) years of professional experience with an investing entity such as a bank, insurance company, public or private pension fund, or professional money management organization engaged solely in institutional investment research activity, at least three (3) years of which shall have been as the manager of an entire investment research department; three (3) years of which shall have been within the most recent eight (8) year period; and three (3) years of which shall have included membership on an investment committee which establishes investment strategy and policy guidelines of the investing entity; including or supplemented by eighteen (18) semester hour credits in any one or combination of the following areas: accounting, finance, money, and banking, statistics, economics, or investments. OR Possession of a bachelor's degree from an accredited college or university, including or supplemented by eighteen (18) semester hour credits in any one or combination of the following areas: accounting, finance, money, and banking, statistics, economics, or investments; and six (6) years of professional experience with an investing entity such as a bank, insurance company, public or private pension fund, or professional money management organization engaged solely in institutional investment research activity, at least three (3) years of which shall have been as the manager of an entire investment research department; three (3) years of which shall have been within the most recent eight (8) year period; and three (3) years of which shall have included membership on an investment committee which establishes investment strategy and policy guidelines of the investing entity. OR Possession of a master's degree from an accredited college or university in one of the areas listed above; and five (5) years of professional experience with an investing entity such as a bank, insurance company, public or private pension fund, or professional money management organization engaged solely in institutional investment research activity, at least three (3) years of which shall have been as the manager of an entire investment research department; three (3) years of which shall have been within the most recent eight (8) year period; and three (3) years of which shall have included membership on an investment committee which establishes investment strategy and policy guidelines of the investing entity. Experience involving retail investment and retail research will not be acceptable. Experience as a registered representative for individuals is not acceptable for this position. "Professional experience" refers to work that is creative, analytical, evaluative, and interpretive; requires a range and depth of specialized knowledge of the profession's principles, concepts, theories, and practices; and is performed with the authority to act according to one's own judgment and make accurate and informed decisions.