Investment Analyst Intern - Summer 2027

Indiana Public Retirement System; Indianapolis (IN); On-site; USD 28,000 - 36,000; Full time

Benefits offered by this job

Employer paid parking

Job summary

Indiana Public Retirement System (INPRS) seeks two Investment Analyst Interns for Summer 2027 to assist the Investment Team in managing a multi‑billion dollar portfolio. You will gain exposure to asset allocation, risk management, due diligence, and portfolio monitoring across asset classes including equity, fixed income, real estate, and alternatives.

You will contribute to research, evaluate investment strategies, and interact with external managers.

Qualifications

• Strong research and analysis skills for busy internship projects.
• Ability to prioritise tasks and manage a dynamic workload with accuracy.
• Excellent written and verbal communication to share findings with the team.

Responsibilities

• Conduct and complete special projects related to INPRS investment program development.
• Review portfolio risk/return profiles and performance through analysis of strategies.

Skills

Research and analysis

Prioritization

Verbal and written communication

Teamwork

Microsoft Office Suite

Education

Undergraduate or graduate degree in progress

Tools

Microsoft Office Suite

Job description

Indiana Public Retirement System (INPRS’) is among the largest 100 pension systems in the United States. INPRS serves the needs of approximately 473,000 members and retirees representing approximately 1,244 employers, including public universities, school corporations, public safety, municipalities and state agencies. The Indiana Public Retirement System is a public pension fund who manages approximately over $50 billion in assets, making it one of the largest in the United States. We are located in the heart of the city, in downtown Indianapolis, near the circle & across the street from our monumental state house. This position will require you to live in Indiana. This position is not eligible for H-1B or any other kind of temporary or permanent sponsorship for work authorization by the Indiana Public Retirement System.

INPRS’ believes that people are the foundation of our success. It takes people with different backgrounds, ideas, and strengths to be successful. Balance in life is important. We strive to have a flexible and supportive environment while not sacrificing service to our members. We pride ourselves by modeling a collaborative, diverse and inclusive environment for our employees. Our mission. "As fiduciaries, educate stakeholders, collect necessary contributions, and prudently manage member assets to deliver promised defined benefit and defined contribution benefits and services."

Your Impact?

We are seeking 2 Investment Analyst Intern for Summer 2027. Our interns will assist the INPRS’ Investment Team managing a multi-billion dollar investment portfolio. You will have the potential to be involved in all aspects of investment management including asset allocation, risk management, evaluation of strategies, investment manager due diligence and selection, and portfolio monitoring, depending on the specific projects available during the internship. You will interact with a wide variety of institutional-quality external investment managers in asset classes such as public/private equity, fixed income, commodity, real estate, and absolute return.

• Conduct and complete special projects related to the ongoing development of the INPRS investment program.
• Review portfolio risk / return profile and performance through research and analysis of portfolio strategies, securities holdings, and performance attribution analysis.
• Assist in the research and evaluation of the manager universe to help identify candidates for inclusion in the strategic asset allocation.

Job Requirements:

• Considerable skill in research and analysis of large amounts of information, performing analysis of the information.
• Skill in prioritizing assignments to manage workload in a dynamic environment and in completing work with a high degree of detail and accuracy.
• Excellent verbal and written communication skills to communicate project progress and final results to the investment team.
• Ability to establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.
• Considerable skill with the Microsoft Office Suite.

Experience and Qualifications:

• Working toward an undergraduate or graduate degree from an accredited college or university.
• Knowledge of basic investment concepts.
• Knowledge of basic statistical concepts.
• Related internship experience is desired, but not required.
• Competitive paid internship
• Participation in Governor's Summer Internship Program; meet the Governor of Indiana, agency speakers, and community service opportunities
• Flexible hours; up to 37.5 hours weekly
• Employer paid parking

Hiring Timeline:

• Accepting Applications: September 1 - September 30
• Application Review: October 1 - October 9
• Questionnaire completed by selected candidates: October 12 - October 19
• On-Site Interviews: November 9 - November 20
• Offers out to selected candidates: December 7 - December 11

Hourly Pay Rate:

$23.00/hr

Please note that housing is not provided by INPRS

For more information about our organization, please visit our INPRS Careers Page: https://www.in.gov/inprs/careers.htm.

We are an Equal Opportunity Employer. The Indiana Public Retirements System (INPRS) Equal Opportunity Employer and is committed to recruit, select, develop, and promote employees based on individual ability and job performance. Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status. We will comply with the spirit as well as the letter of all applicable state and federal laws.