Fixed Income & Credit Portfolio Analyst

For more than a half century, the Arizona State Retirement System (ASRS) has provided retirement, health insurance and long‑term disability benefits to employees of the state, counties, municipalities, universities, community colleges, school districts and other political entities. We are a top performing benefit plan administrator with a solid reputation and sustainable plan design. Our organizational culture is based on the following principles:
Professionalism, Results, Improvement, Diversity and Excellence. We believe in delivering service with PRIDE.

The ASRS Investment Division is led by Michael Viteri, Chief Investment Officer, and manages the daily investment of approximately $64 billion in assets held in a diversified investment portfolio of cash, fixed income, domestic and international equities, real estate, private equity and private credit. The ASRS Investment Division currently comprised of 12 individuals, is responsible for managing the investments of the ASRS pension plan, Long Term Disability plan, and Health Benefits plan.

Codified through the ASRS Investment Beliefs, the ASRS Investment Division oversees the actual investments, which are managed by a select group of investment managers, as well as providing internal portfolio management capabilities for select asset class mandates.

Check out our webpage, Azasrs.gov, to learn more about the ASRS.

The Arizona State Retirement System (ASRS) is seeking a Portfolio Analyst to play a key role on its Fixed Income & Credit Team. The Analyst will support the Deputy CIO and the asset class Portfolio Manager in managing the internally managed fixed income portfolio and monitoring the credit portfolio which includes investments in Private Credit, Distressed Debt and other credit investments.

Responsibilities will include oversight of legal documentation, performance measurement and reporting, participation in quarterly manager calls, and—at the discretion of the Deputy CIO and Portfolio Manager—attendance at annual limited partner meetings.

1. Assist with oversight of the Interest Rate Sensitive asset class, including portfolio management and trading responsibilities for the approximately $3 billion internally managed U.S. Treasury and futures portfolio. The role will also involve conducting investment research across sectors of the investment‑grade market to evaluate potential inclusion in the Treasury portfolio and identify opportunities for incremental alpha outside the assigned benchmark. Responsibilities include utilizing Bloomberg PORT for portfolio construction and risk management, and offering trade support through execution of trades through Bloomberg, Market Axess, and Tradeweb with approved broker‑dealers.

2. Assistance with the management and oversight of the Credit asset class including primary due diligence and monitoring roles for select Credit partnerships. The Fixed Income & Credit portfolio analyst will also assist in the identification of new investment ideas in Credit and conducts due diligence on potential externally managed opportunities across private debt, distressed debt, structured credit and other opportunistic strategies;

including a comprehensive review of the investment and operational process, negotiating fund level economics, working with external legal counsel to review all fund terms and presenting attractive opportunities to the internal asset class committee.

Additionally, the Fixed Income & Credit Portfolio Analyst will assist in the following:

• Assist in the quarterly and annual reconciliation returns, including the calculation of asset class returns
• Assist in monitoring sector and geographic exposures across the asset class as well as offer trading support for internal portfolios
• Assist in the management of the deal documentation process, legal review, and financial administration
• Assist in the…