New York Seasonal Jobs

Job Information

New York State Civil Service Private Markets Portfolio Manager in New York, New York

Agency Insurance Fund, State

Title Private Markets Portfolio Manager

Occupational Category Other Professional Careers

Salary Grade NS

Bargaining Unit M/C - Management / Confidential (Unrepresented)

Salary Range From $200000 to $250000 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Exempt Class

Travel Percentage 20%

Workweek Mon-Fri

Hours Per Week 37.50

Workday

From 9 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? Yes

County New York

Street Address 199 Church Street

City New York

State NY

Zip Code 10007

Minimum Qualifications Basic Qualifications:Bachelor’s degree with strong academic qualifications; an MBA or CFA designation is preferred. Candidate should have a minimum of 7-10 years of experience in alternative-asset investments,with knowledge of the full spectrum of investment options, including private equity, private debt and real estate; familiarity with leading managers, investment processes, operations, and compliance protocols; an understanding of fund structures, accounting treatment and valuation; experience in calculating rates of return, fees and carried-interest allocations. Minimal travel required.Seeking candidates with the following attributes:• Goal-oriented individual with solid organizational skills• Strong quantitative skills and analytical ability• Compelling presentation skills, and outstanding verbal and written communication skills• A foundation in manager research, selection and monitoring, and experience with alternative-asset execution through the primary and secondary markets (incl. coinvestments)• Ability to work well independently and with potential asset managers or deal teams

Duties Description Description:The New York State Insurance Fund (NYSIF), with over $20 billion of assets under management, is seeking a seasoned investment professional to spearhead its initial foray intoalternative assets. NYSIF’s initial alternative-assets focus is expected to include private equity, real estate and private credit. This represents a unique opportunity to join a dedicated team ofinvestment professionals and help chart the Fund’s future direction in the asset class. This newly created position reports to the Chief Investment Officer. Salary will be commensuratewith experience.Illustrative Duties:The Private Markets Portfolio Manager will assist with the design and implementation of a strategy for private-market assets, real assets and other alternative asset classes for the Fund.Responsibilities will include identifying and analyzing investment opportunities in the alternative assets area; assisting with policy creation and implementation; preparing investmentmemoranda; and actively monitoring all alternative-asset holdings. The person will assist with asset allocation, especially as it relates to sub-asset classes within alternative assets; actively contribute to vetting potential fund managers; and participate in meetings with the Investment Committee of the Board.Specific duties may include, but are not limited to:Program Development and Implementation:• Design and develop investment policy statement, objectives and procedures forinvesting in alternative assets• Establish a process to critically assess fund managers, their processes, and their risk management approaches and capabilities• Establish and monitor appropriate limits and constraints (e.g., industry concentrations)• Establish processes and guidelines for portfolio valuation• Collaborate with NYSIF colleagues and other stakeholders to ensure appropriate risk management Sourcing Managers, Due Diligence, Investment and Monitoring Investments:• Collaborate with Investment Consultant and NYSIF colleagues on investment opportunities• Assist in evaluating and selecting external investment managers using qualitative and quantitative due diligence, including identifying potential opportunities with emergingmanagers and minority-owned firms• Model and value alternative assets and, for funds, their underlying investments, including possible liquidation events• Prepare written proposals for investing in primary- and secondary-market offerings of alternative assets• Analyze program strategy, and articulate strengths and weaknesses to management• Work with Investment Consultant to develop a network for sourcing managers• Challenge underlying investment assumptions, assess liquidity and evaluate sensitivities• Evaluate portfolio performance, using measures such as MOIC, IRR, and PME• Monitor and report on manager / portfolio performance relative to expectations• Partner with legal professionals to review Limited Partner Agreements• Lead groups of NYSIF colleagues and other stakeholders to establish best practices for operations (incl. cash management) in respect of investments in alternative assets

Additional Comments NYSIF has a telecommuting program

Some positions may require additional credentials or a background check to verify your identity.

Name Renee Bartholomew

Telephone

Fax 518-437-1618

Email Address hrexec@nysif.com

Address

Street PO Box 66699

City Albany

State NY

Zip Code 12206

Notes on Applying Please email cover letter and resume to hrexec@nysif.com.

DirectEmployers