INVESTMENT ANALYST 1
Career Family: INVESTMENT ANALYST
Investment Analyst 1 sits in the competitive class of New Jersey's state civil service, so reaching it runs through testing and an eligible list instead of a straight hire.
This is where the Investment Analyst ladder starts, one grade under Investment Analyst 2, whose band tops out about $20,881 higher. It lists a master's degree as the baseline, with an experience-based path open to those who do not hold the degree. Pay on the FY 2027 schedule runs $69,668 to $101,951, and state payroll currently lists about 11 people in the title, most of them at Treasury.
How to apply
This title is filled by competitive examination.
See every real route in, and where to apply. One agency employs it. We don't track live vacancies.
See where to apply for this title →Who employs this title
Investment Analyst 1 appears on the State payroll at one department, Department of Treasury.
State departments
| Employer | Employees |
|---|---|
| Department of Treasury | 11 |
State payroll and independent authority payroll are separate systems and are never merged. See data sources.
Pay ladder: Investment Analyst series
- Investment Analyst 1 — $69,668 – $101,951 (this title)
- Investment Analyst 2 — $83,582 – $122,832
Promoting to Investment Analyst 2 raises the top of the band by about $20,881. Its top salary lands around the 48th percentile of all NJ civil service titles that publish a range.
Rungs are ordered by FY 2027 pay. NJ level numbers are not always sequential, so ordering follows salary rather than the title number.
Who employs this title
State payroll records show 11 people working under this title. The median actual salary is $67,312. The agencies employing the most are:
- Treasury (11)
Counts from NJ YourMoney agency payroll. See statewide workforce analytics.
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 the close supervision of an Investment Analyst 3, or other supervisory official in a division or agency within the Department of the Treasury, analyzes the financial health of securities and companies; uses information from computerized and convertible databases, financial newsletters, newspapers, brokerage houses, companies, periodic Investment Supervisory Bulletins and Fund Analyses, and memoranda to recommend the purchase or sale of stocks and/or bonds; ensures a high level of accuracy based on data sources; independently solves problems and adheres to tight time constraints; develops sound and accurate information to make decisions affecting the financial health of the State's multi-billion-dollar pension funds, as well as other State funds; maintains PFRSNJ's (Police and Fireman's Retirement System of New Jersey) relationship contacts; does other related duties as required.
Examples of work
Assumes primary responsibility for company stocks and fixed income securities, including statistical data, information on financial health and description of company or security activities. Prepares Fund Analyses of the various investment funds of the State of New Jersey, including the collection and assembly of legislative background information affecting funds under review and assembly of historical, statistical, and financial data on the fund. Researches and writes Investment Supervisory Bulletins using knowledge of the industry, personal judgment on the accuracy of company-provided information, financial data bases, newsletters, and other information sources. Responds to requests for bond credit checks as required by the Portfolio Manager and annually updates credit analyses of companies issuing stocks and bonds held by State funds. Attends company meetings, conferences, and seminars at brokerage houses to obtain current information on the financial health of companies and funds. This may require frequent travel and overtime. Calculates percentages, ratios, and other financial statistics using knowledge of mathematics, economics, accounting, and corporate finance. Reviews, analyzes, and interprets annual reports of corporations, municipalities, and authorities then uses this information to prepare statistical schedules on companies whose debt is held by State Investment Funds. Reviews financial newsletters and notifies colleagues about sinking fund calls, rating changes, name changes, and trends in industries followed. Maintains PFRSNJ's relationships with investment advisors, general partners, consultants, and service providers within their assigned asset classes. Uses ongoing financial analysis to identify stocks and securities from smaller companies which require more detailed financial research since the financial information on smaller companies is less readily available from brokerage houses and other sources. Prepares correspondence in the course of official duties. Maintains essential records and files. Prepares clear, technically sound, accurate, and up-to-date reports on investment and securities matters. Will be required to learn how to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units.
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 modern investment practices, procedures, problems, and analysis. Knowledge of statistical theory, practices, and techniques and their application to security analysis. Knowledge of the methods used to evaluate and monitor the quality of activities and operations of public and privately held companies, including the criteria for ranking companies. Knowledge of balance sheets, profit and loss statements, cash flow statements, 10-k reports, cost accounting, and other corporate documents. Knowledge of financial, economic, regulatory trends, and information sources in assigned industries. Knowledge of mortgage-backed securities, foreign currency, and American Depository Receipts (ADR). Knowledge of the Federal Tax Code as it relates to the corporate sector. Knowledge of mathematics to check financial ratios calculated by brokerage houses. Knowledge of computers and computerized databases to obtain financial data, including current financial data and economic forecasts. Knowledge of the methods utilized in developing economic models and financial protections. Knowledge of New Jersey Laws, the pertinent regulations of the Federal Government, and rules, regulations, standards, policies, and procedures of the Department of the Treasury pertaining to State investments. Ability to organize assigned financial analysis and develop effective work methods to carry out the analysis. Ability to compile basic information to develop standards that are applied to the fundamental securities analysis. Ability to analyze, interpret, and apply laws and regulations governing financial analysis and financial transactions. Ability to obtain accurate, timely financial information from a variety of sources. Ability to judge the accuracy of information provided by the companies and brokers. Ability to apply mathematical and statistical theory in the analysis and preparation of technical analyses for use by the Director. Ability to plan, organize, and coordinate investment research activity. Ability to analyze and evaluate high risk investments. Ability to develop recommendations concerning the purchase and/or sale of securities. Ability to make presentations before the Equity Committee, other groups and individuals concerned with investment activity. Ability to monitor and evaluate economic trends and fundamental conditions of individual securities within assigned industry groupings. Ability to conduct ongoing financial analyses of the status of stocks, bonds, and other securities. Ability to make continuing studies and analyses of assigned investment projects to determine all pertinent facts. Ability to develop financial projections using econometric models. Ability to carry out assigned investigations, surveys, and studies. Ability to keep current with dividend changes, stock splits, and mergers, and advise division or agency staff of such matters. Ability to maintain statistics and charts of common stocks in current conditions. Ability to evaluate proxy statements, indentures and covenant changes then recommend by memorandum an appropriate course of action to the Director and Deputy Director. When assigned to PFRSNJ, ability to maintain PFRSNJ's relationships with investment advisors, general partners, consultants, and service providers within their assigned asset classes. Ability to prepare correspondence in the course of official duties. Ability to prepare clear, technically sound, accurate, and informative financial reports containing findings, conclusions, and recommendations. Ability to learn how 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, and communicate in English sufficiently to perform the duties of the position. American Sign Language or Braille may also be considered as acceptable forms of communication. Persons with mental or physical disabilities are eligible if they can perform the essential functions of the job with or without reasonable accommodation. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible.
Note
The examples of work for this title are for illustrative purposes only. A 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. Five (5) years of professional experience with a public or private entity such as a bank, insurance company, public or private pension fund, or professional money management organization engaged solely in institutional investment research activity. The experience shall have been within the most recent six (6) year period, 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 one (1) year of the above-mentioned professional experience, which shall have been within the most recent six (6) year period. OR Possession of a master's degree in Business Administration (M.B.A.), Accounting, Finance, Economics, or related field. Experience involving retail investment and retail research will not be accepted. Experience as a registered representative for individuals will not be accepted. "Professional experience" refers to work that is analytical, evaluative, and interpretive; requires a range of basic knowledge of the profession's concepts and practices; and is performed with the authority to act and make accurate and informed decisions.