Investment Officer

PRIVATE MARKETS

Recruitment #210405-1224MP-001

Location

Hartford, CT

Date Opened

4/6/2021 1:30:00 PM

Salary

$105,113 - $143,324/year

Job Type

Open to the Public

Close Date

4/27/2021 11:59:00 PM

Go Back View Benefits

Introduction

The Office of the State Treasurer exists to provide and ensure effective financial management of public resources, high standards of professionalism and integrity, and expanding opportunity for State of Connecticut residents and businesses.

We are accepting applications for the position of Investment Officer, to work in the Pension Funds Management Division at our location in Hartford, CT. This is an unclassified position, and is appointed in accordance with Section 3-13a of the Connecticut General Statues (CGS). The position is full-time (40 hours per week), with a Monday - Friday schedule.

The Pension Funds Management Division assists the State Treasurer, as principal fiduciary, in the administration of the $41 billion Connecticut Retirement Plans and Trust Funds (CRPTF). The CRPTF consists of six State Pension Funds and nine State Trust Funds. The funds are invested in a diversity of asset classes and exist to sustain 219,000 teachers, state and municipal employees.

The incumbent in the role of Investment Officer - Private Markets will assist in overseeing the CRPTF Private Market investments, including the Real Assets Fund (RAF), the Private Investment Fund (PIF) and the Private Credit Fund (PCF) that collectively have a target asset allocation of 34% of the CRPTF's total market value. Under the general direction of the Principal Investment Officers of each private market fund, responsibilities include, but are not limited to, the following:

Research and Manager/Investment Selection

· Assist in the identification and selection of appropriate private investments across various sub-strategies including private equity, private credit, real estate, infrastructure, and natural resources

· Monitor the investable universe and maintain a database of opportunities across the spectrum of private investments

· Assist in the evaluation and selection of external investment managers and a variety of investment vehicles – including fund investments, direct investments and co-investments

· Review and evaluate investment ideas, trends and strategies across all private investment asset classes

· Stay abreast of capital market conditions and pro-actively identify and research new strategic initiatives and tactical investment opportunities

· Conduct independent research and analysis of potential investments and investment managers

· Determine consistency with established investment objectives and criteria and clearly articulate findings and recommendations to the PIO

· Assess risk factors associated with assigned investment opportunities

Monitoring and Risk Management

· Perform ongoing monitoring, analysis, and reporting of investments as well as the aggregate portfolios

· Attend annual meetings as needed, conduct quarterly calls and/or meetings each quarter with each manager and provide written overview of communications with managers

· Review quarterly reports and financial statements and communicate significant team, valuation or policy changes

· Monitor existing investments for compliance with established objectives, guidelines; and parameters

· Prepare a variety of reports including special project reports, reports on investment performance, and correspondence

· Establish and maintain investment databases and prepare spreadsheets and other presentations of investment information

· Discuss investment issues and problems with external investment managers and recommend appropriate action

Reporting

· Prepare portfolio reviews summarizing performance, portfolio analytics and market data

· Prepare and maintain investment reports on fund managers in the portfolios, as well as those under consideration

NOTE: The successful candidate will receive an attractive and commensurate salary, based upon applicable work experience.

Selection Plan

Candidates should have a Bachelor’s degree from an accredited four-year college or university with major coursework in business administration, finance, accounting, economics, or a related area, along with:

A minimum of 7 years of investment, finance, accounting or related business experience required.
Investment experience related to foundations, endowments, plan sponsors, private banks or insurance companies.
Private markets institutional experience preferred, including familiarity with terms and structures.
Demonstrated analytical and quantitative skills and proficiency with excel preferred.
Experience with privatei, eFront, Investran or other private equity software.
Ability to work both independently and as a team member.
Ability to generate both qualitative and quantitative independent analysis.
Ability to independently prioritize multiple tasks, plan and manage projects in their entirety and ensure they are delivered on time.
Excellent verbal and written communication and presentation skills, including the demonstrated ability to articulate ideas and issues clearly to a variety of audiences.
Ability to prepare and/or edit complex reports involving logical and quantitative analysis.

All applicants must include a resume within the "Resume Tab" of their application. Applicants invited to interview may be required to submit additional documentation, which supports their qualification(s) for this position. These documents may include: performance reviews, supervisory references, college transcripts, licensure, etc., at the discretion of the hiring agency.

Should you have questions pertaining to any phase of this recruitment, please contact: Lorna Reid, lorna.reid@ct.gov.

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Investment Division of the Office of the State Treasurer, this class is accountable for managing one or more investment programs or trust funds (e.g., real estate, short term, equities, international trade, etc.).

EXAMPLES OF DUTIES

Plans, directs and coordinates the implementation and operation of an investment program or trust fund (e.g., real estate, short term, equities, international trade etc.); maintains close contact with government and private sector officials (e.g., investment banking firm employees, external investment advisors, financial consultants, bank officials, corporate treasurers, clients of the Investment Division, etc.); conducts periodic reviews of on-going investment programs and recommends changes in strategy as required; stays informed on events and other factors which could affect investment programs; conducts feasibility reviews of potential investments and makes appropriate recommendations; analyzes economic indicators in investment markets; decides priorities of investment options; maintains appropriate performance records; prepares reports requested by the State Treasurer; performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

Considerable knowledge of investment practices and procedures; considerable knowledge of specific disciplines required for performance of duties (real estate, short term, etc.); considerable oral and written communication skills; considerable ability to analyze and evaluate investment alternatives; considerable ability to prepare financial and analytical reports; considerable ability to plan and maintain appropriate controls and records of investment transactions; supervisory ability.

PREFERRED QUALIFICATIONS

An advanced degree in finance, economics, or a related field as well as a CAIA or CFA designation is preferred.

Conclusion

AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.