INVESTMENT ANALYST 2

Code: 52483 State Competitive Range: P26 (FY 2027) Hire up to Step 9 Work week NE: FLSA coveredOvertime table (4A:3, Appx. A)

Salary: $83,582.01 - $122,831.91/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 the limited 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, and companies to make recommendations concerning the purchase and sale of equities and the credit quality of fixed income securities under consideration for purchase or sale; prepares periodic Investment Supervisory Bulletins and Fund Analyses in accordance with schedules set by the State Investment Council; as a lead worker, assists in the training of lower-level Investment Analysts, Investment Technicians, and other staff involved in the work of the unit; independently initiates and develops information resources to aid in complex problem solving solutions and assesses the accuracy of the information; provides recommendations to buy or sell stocks and securities making up 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

Summarizes research findings in annual Industry Review presentations to the Equity Committee. Prepares the monthly Investment Supervisory Bulletins and recommends additions or deletions to the approved list of companies and conducts ongoing discussions with colleagues and the supervisor. Conducts ongoing analysis of the quality of stock issues owned by New Jersey Investment Funds. Prepares detailed comprehensive financial analysis of companies. Attends company meetings, conferences, and seminars at brokerage houses to keep abreast of current developments in assigned companies and industries. This may require frequent travel and overtime. 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. Researches computerized databases, financial newsletters, trade publications, newspapers, and books to obtain accurate, current financial information. Reviews and interprets annual reports of companies whose securities are owned by New Jersey Investment Funds. Assists in the training of Investment Analysts 1's, Trainees, and Investment Technicians. Maintains PFRSNJ's relationships with investment advisors, general partners, consultants, and service providers within their assigned asset classes. Prepares correspondence in the course of official duties. Maintains essential records and files. Prepares clear, technically sound, accurate, and up-to-date reports on complex 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.

Requirements

NOTE: 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. Seven (7) 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 which shall have been within the most recent seven (7) 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 investment; and three (3) years of the above-mentioned professional experience which shall have been within the most recent seven (7) year period. OR Possession of a master's degree in Business Administration (M.B.A.), Accounting, Finance, Economics, or related field; and two (2) years of the above-mentioned professional experience which shall have been within the most recent seven (7) year period.

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 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 make presentations before the Equity Committee, other groups and individuals concerned with investment activity. Ability to analyze and evaluate high risk investments and develop financial projections using econometric models. Ability to develop recommendations concerning the purchase and/or sale of securities. 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 carry out assigned investigations, surveys, and studies. Ability to read, analyze, and interpret technical material dealing with common stocks and convertible security holdings. Ability to keep current with dividend changes, stocks splits, and mergers, and advise division or agency staff of such matters. Ability to read and interpret research reports and keep supervisory staff advised of investment recommendations. Ability to take the lead over investment staff. Ability to train lower-level Investment Analysts, Investment Technicians, and other staff involved in the work of the unit. Ability to maintain statistics and charts of common stocks in current conditions. 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. 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 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.