PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM

Address:  3010 E. Camelback Rd. Suite #200
Phoenix, AZ 85016

Salary: $23.00 

Grade: 04

Closing Date: March 7, 2025

Please note: This is a 12-week Internship. The selected candidates must reside in Arizona during the Internship as this position will work on-site 2 to 3 days per week and remotely the remaining 2 to 3 days per week. We expect the Internship to begin in mid-May and continue through mid-August. We offer a flexible work schedule during the Internship.

The Arizona Public Safety Personnel Retirement System (PSPRS) is seeking interested candidates for a 12-week Internship working with our Investment Team. We are seeking candidates who are currently pursuing a bachelor’s or master’s degree in finance, economics, business administration, mathematics, or a related field. Preference will be given to juniors, seniors, or first-year master’s students.

The mission of Public Safety Personnel Retirement System is to deliver unparalleled service in providing retirement benefits to Arizona’s community of police officers, firefighters, corrections officers, judicial and elected officials. PSPRS serves approximately 60,000 active and retired public employees. Interested applicants can visit www.psprs.com to learn more about our agency.

JOB SUMMARY:
The Arizona Public Safety Personnel Retirement System (PSPRS) is currently seeking qualified candidates for the position of Investment Intern located in Phoenix, Arizona. These positions will be responsible to assist the Investment Team by organizing communication and investment reports, performing bespoke financial analysis, and maintaining the Investment Team's internal contact management system. Investment Interns will also assist Portfolio Managers on front-end due diligence of prospective investments which will include writing memos, conducting market research, and reviewing prior performance (benchmarking, PME analysis, etc.). Lastly, the Investment Interns will attend all internal investment related meetings and meetings with current and/or prospective investment partners.

This position may be available for remote work within Arizona with 2-3 days per week in the office/hoteling.

The State of Arizona strives for a work culture that affords employees flexibility, autonomy, and trust. Across our many agencies, boards, and commissions, many State employees participate in the State’s Remote Work Program and are able to work remotely in their homes, in offices, and in hoteling spaces. All work, including remote work, should be performed within Arizona unless an exception is properly authorized in advance.

• Bespoke financial analysis, including fundamental and technical market analysis, discounted cash flow analysis, and portfolio optimization.
• Assist Investment Team with front-end due diligence of prospective investment partners by completing market research, conducting multiple forms of performance analysis, and writing memos.
• Attend all investment related meetings, including Investment Committee meetings and meetings with prospective and current investment partners.
• Download and organize Quarterly Reports for 150+ external investment partner relationships.
• Maintain the Investment Team's internal contact management system.
  

Knowledge of:

• Financial economics, including consumption and investment, portfolio theory, Capital Asset Pricing Model and market efficiency.
• Characteristics of financial instruments such as stocks and bonds.

Skill in:

• Portfolio optimization.
• Multiple regression analysis.
• Market research.
• Valuation methodologies.

Ability to:

• Provide exquisite attention to detail.
• Handle overlapping schedules.
• Quickly learn new skills.
• Cooperate with others to realize better results.
  

PREFERRED QUALIFICATIONS:

• Currently pursuing a bachelor’s or master’s degree in in finance, economics, business administration, mathematics, or a related field.
• Preference given to juniors, seniors, or first-year master’s students.
  

Employment is contingent on the selected applicant passing a background investigation to include credit and criminal history.

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.

All newly hired State employees are subject to and must successfully complete the Electronic Employment Eligibility Verification Program (E-Verify).

Compensation is $23.00 per hour, up to 40 hours per week, for up to 12 weeks, with no other benefits provided.  

If you have any questions please feel free to contact Andrew Goodwin at agoodwin@psprs.com or 602-296-3738 for assistance.

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

All newly hired employees will be subject to E-Verify Employment Eligibility Verification.