Investment Operations Analyst I

Investment Operations Analyst I

Title : Investment Operations Analyst I

State Role Title : Investment Operations Analyst I

Hiring Range : $70,000 - $80,000 (salary is commensurate with experience)

Pay Band : UG

Agency : Commonwealth Savers Plan

Location : Arboretum North Chesterfield

Commonwealth Savers, formerly Virginia529, is an independent state agency that offers savings and investment programs to meet future financial goals, while providing meaningful work to our diverse and collaborative team. Our name change to Commonwealth Savers, reflects our expanded mission to empower individuals on their entire financial journey through education, disability, and retirement savings programs. Commonwealth Savers manages the largest 529 and independent ABLE plans in the nation, helping people save for higher education and disability related expenses, and now manages the state's private retirement program, RetirePathVA, bringing retirement savings to those who do not have employer-provided options.

We are hiring an Investment Operations Analyst I to support the investment operations team by handling key operational and accounting functions, including processing routine instructions, verifying transactions, reviewing invoices, managing capital call transactions, and maintaining accurate investment data. In this position, you will :

• Support the new account setup process by completing subscription agreements for private placements and initiating new accounts with custodians across all asset types
• Review quarterly statements and monthly reports for accuracy, ensuring the integrity of data shared with third parties
• Coordinate the redemption of program administrative fees, review daily settlements, monitor and rebalance portfolios, monitor and invest cash, and assist with the preparation of investment performance reports
• Summarize data for portfolio expenses and report data and trends in response to internal and external requests
• Assist with the preparation of quarterly proxy voting reports, management fee calculations and rate of return analysis
• Prepare for and participate in Investment Advisory Committee meetings and assist with post-meeting action items

Successful candidates will have :

Work Environment :

Benefits :

Special Instructions :

You will be provided a confirmation of receipt when your application and / or rsum is submitted successfully. Please refer to "Your Application" in your account to check the status of your application for this position.

It is the practice of Commonwealth Savers to conduct in-depth background checks on all candidates identified as a finalist for employment consideration. The type of background checks performed are dependent upon the type of position for which you have been identified as a finalist and may include : reference checks, criminal history including sexual offender registry checks, and degree validation. The results of background checks are made available to Commonwealth Savers employing officials. You will be requested to sign a reference release form, so your past schools and / or employers may be contacted concerning your academic or employment history.

Contact Information :

Name : Alicia Diggs

Email : HR@commonwealthsavers.com

In support of the Commonwealth's commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS / DBVI to get their AHP Letter. Requesting an AHP Letter can be found at or by calling DARS at 800-552-5019.

Note : Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.

Each agency within the Commonwealth of Virginia is dedicated to recruiting, supporting, and maintaining a competent and diverse work force. Equal Opportunity Employer