Position Information

NY HELPNo

AgencyState Comptroller, Office of the

TitleSenior Investment Officer (Special Investment Officer) Item# 01340

Occupational CategoryOther Professional Careers

Salary GradeNS

Bargaining UnitM/C - Managerial/Confidential (Unrepresented)

Salary RangeFrom $210676 to $278093 Annually

Employment Type Full-Time

Appointment Type Contingent Permanent

Jurisdictional Class Exempt Class

Travel Percentage 15%

Schedule

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 9 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? Yes

Location

County To Be Determined

Street Address 110 State Street

59 Maiden Lane

City Albany/New York

StateNY

Zip Code00000

Job Specifics

Duties Description Under the direction of the Director of Private Equity, the Senior Investment Officer will informally oversee the junior investment and operations staff (no formal direct reports) for the Private Equity Team at the New York State Common Retirement Fund (“CRF” or the “Fund”). This position may be based in the Albany or New York City office.
• Lead teams responsible for fund investments, continuation vehicles, and co-investments, from sourcing to investment committee presentation, while offering independent recommendations on the merits of investment opportunities.
• Supervise the due diligence process of external private equity managers, including leading the evaluation of the manager’s investment strategy and process, team composition, portfolio exposures, risk management, and performance.
• Lead internal meetings and build quality external commercial relationships with managers and consultants.
• Serve as an advisor to the director on portfolio weighting, resource allocation, and new lead generation.
• Challenge asset class heads and other fund leaders on their investment ideas and theses.
• Mentor and develop junior investment staff on both private equity knowledge and career topics.
• Contribute meaningfully to the Investment Advisory Committee presentation development and production process.
• Lead, guide, and execute ad hoc and/or special projects as requested by the Director of Private Equity.

Minimum Qualifications Preferred Qualifications/Knowledge, skills, and abilities:

• Education: BA in related field (business, finance, economics, or similar quantitative field). MBA, CFA, MS in Finance, or equivalent advanced degree and/or certification preferred.
• Experience: At least ten years of buyside or institutional investor experience.
• High ethical standards and commitment to the fiduciary responsibilities of a public pension fund.
• Deep knowledge of the private equity asset class including performance and valuation metrics, market dynamics and industry trends, and key organizations and practitioners.
• Strong written and verbal communication skills, including the ability to construct investment memos, deal presentations, and participate in internal investment strategy meetings as well as external manager meetings.
• Ability to independently form judgments on the merits of various investment opportunities and provide high quality recommendations to the Director of Private Equity.
• Deep knowledge of institutional private equity portfolio management and the diligence process required to close transactions.
• Proficient in use of financial modeling and quantitative analytics to evaluate investment opportunities.
• Extensive experience in the review and negotiation of private equity legal documentation and deep practical understanding of key terms and provisions.
• Ability to build strong, trust-based relationships with a variety of internal and external contacts, such as consultants, managers, vendors, peer institutions, other departments of OSC.
• Strong motivation with the ability to see projects through to completion in a timely manner with limited guidance and a solutions-oriented mindset.
• Team player who is energized by a collaborative working environment, within and outside of the asset class.

Additional Comments Telecommuting: The Office of the New York State Comptroller (OSC) supports telecommuting where it is reasonable to do so based upon the agency’s mission and operational needs. Generally, employees new to OSC will be restricted from telecommuting for at least 8 calendar weeks. After the initial 8 calendar week restriction, if an employee’s primary residence location, duties, and work performance are aligned with telecommuting and operational needs they may be allowed to do so. Generally, OSC employees may telecommute up to 5 days per pay period but may be approved to telecommute less.

Reasonable Accommodation: The NYS Office of the State Comptroller provides reasonable accommodations to applicants with disabilities. If you need reasonable accommodation for any part of the application and hiring process, please notify the Division of Human Resources at (518) 474-1924.

Equal Opportunity Employment: The Office of the NYS Comptroller values a workforce with a broad, diverse range of backgrounds and perspectives. All employees are expected to contribute to a professional environment focused on self-evaluation and improvement, as well as acceptance and support of coworkers.

The Office of the State Comptroller does not participate in E-Verify or sponsor visa applications.

OSC offers competitive salaries and benefits, and opportunities for advancement, continuing education, and professional development. We provide a professional environment where employees are encouraged to push themselves while maintaining work-life balance. Our generous benefits package includes:
• A state pension with vesting after five years’ service
• Comprehensive medical, dental and vision insurance available to all employees and their dependents
• Flexible spending accounts for dependent and health care
• Productivity Enhancement Program (PEP), allowing eligible employees to exchange previously accrued leave in return for a credit to be applied toward their health insurance
• Public Service Loan Forgiveness (PSLF)
• NYS Deferred Compensation plan
• Access to NY 529 and NY ABLE College Savings Programs, and U.S. Savings Bonds
• Holiday and paid time off
• Shift and geographic pay differentials
• A committed continuous learning environment
• Informational Brown Bag sessions
• Wellness at Work Programs to promote employee health and wellness
• OSC Mentoring Program to network, contribute, and provide an opportunity to strengthen competencies in a variety of areas
• And much more

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

How to Apply

Name Brittany Pebler

Telephone (518) 474-1924

Fax (518) 486-6723

Email Address Jobs@osc.ny.gov

Address

Street Office of the New York State Comptroller, Division of Human Resources

110 State Street, 12th Floor

City Albany

State NY

Zip Code 12236

 

Notes on ApplyingSubmit a clear, concise cover letter and resume stating how you meet the minimum qualifications for this title. To apply, copy and paste the following link into your browser:

https://gen-oscstateofny-prd.inforcloudsuite.com/hcm/xmlhttp/shorturl.do?key=OZ
Reference Item #01340-BEP on your cover letter for proper routing.

Unofficial transcripts and/or templates will be required for certain positions. Documents must be sent as unlocked and accessible attachments.
If you have questions about this vacancy, please contact this Division representative:
Division Contact: Shari Burnett
Email Address: sburnett@osc.ny.gov