Senior Investment Officer - Suffolk, United States - City of New York

Description

Senior Investment Officer - Infrastructure


OFFICE OF THE COMPTROLLER
Full-time
Location

MANHATTAN
Department
Asset Management

Salary range:
$165,000.00 – $175,000.00
Job Description

The New York City Comptroller's Office works to promote the financial health, integrity, and effectiveness of New York City government, in order to strengthen trust, secure a thriving future for all New Yorkers, and build a more just, equitable, and resilient city.

Led by an independently elected citywide official, the comptroller's office provides checks and balances needed to hold City government accountable for budgeting wisely, investing responsibly, operating efficiently, acting fairly, living up to its obligations and promises, and paying attention to the long-term challenges we face together.

As a workplace driven by our values, we are: Principled, Collaborative, Communicative, Equitable, Transformative, and Innovative.

The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems.

Through a culture of collaboration, individual development, and teamwork that leverages diverse talent and strives for continuous improvement, the goal of the Bureau of Asset Management is to achieve exceptional investment outcomes for all stakeholders; to deliver outstanding support to plan Trustees; and to serve as a responsible steward of the resources of plan beneficiaries and the City of New York.

The Senior Investment Officer will assist in overseeing the investment activity for the infrastructure investment program for the five New York City pension systems.

The Senior Investment Officer will report to the DCIO and Head of Infrastructure.

Under the supervision of the DCIO and Head of Infrastructure Investments, responsibilities include, but are not limited to, the following:

• Identifying, reviewing, and evaluating prospective fund and coinvestment opportunities. Conducting due diligence of coinvestment opportunities; summarizing the due diligence findings in investment recommendation memoranda for presentation to the internal Investment Committee and Boards of Trustees;
• Monitoring the portfolio of existing fund and coinvestments to ensure compliance with the terms of the closing documents and other contracts. Updating internal databases and analyzing the performance of existing investments;
• Reviewing deal documents and assisting various teams, including the General Counsel's office and consultants, in negotiating terms and conditions of nondisclosure agreements, new investment agreements and other related contracts;
• Participating in fund and coinvestment quarterly update calls. Writing investment update reports, briefing memoranda and meeting summaries;
• Constructing financial models as necessary for due diligence and preparing analyses used in annual implementation and strategic plans;
• Designing criteria and parameters for research analyses on market trends, strategies, industries, sectors, geographies and other topics; ensuring the accuracy of investment reporting;
• Monitor investment developments; designing reports to track Systems' investment activity; and assisting in developing agendas for investment conferences and other events;
• Performing related assignments or special projects as required. They could include, but are not limited to evaluating and monitoring fund investments; reviewing and making recommendations with respect to amendment requests, consent notices, other contract changes and corporate governance matters; and,
• Performing other related tasks and responsibilities as may be required.

Minimum Qualifications

• A graduate degree from an accredited college or university in business, economics, finance, accounting or a closely related field, and four (4) or more years of progressively responsible experience in a financial services organization handling complex financial transactions with considerable exposure to infrastructure investments (equity or debt), or similar experience at a consulting firm/bank; or,
• BS/BA degree from an accredited college with major studies in the fields mentioned above and six (6) or more years of progressively responsible professional experience as described above; or,
• A satisfactory equivalent of education and experience mentioned above.

Preferred Skills

The New York City Comptroller's Office works to promote the financial health, integrity, and effectiveness of New York City government, in order to strengthen trust, secure a thriving future for all New Yorkers, and build a more just, equitable, and resilient city.

Led by an independently elected citywide official, the comptroller's office provides checks and balances needed to hold City government accountable for budgeting wisely, investing responsibly, operating efficiently, acting fairly, living up to its obligations and promises, and paying attention to the long-term challenges we face together.

As a workplace driven by our values, we are: Principled, Collaborative, Communicative, Equitable, Transformative, and Innovative.

The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems.

Through a culture of collaboration, individual development, and teamwork that leverages diverse talent and strives for continuous improvement, the goal of the Bureau of Asset Management is to achieve exceptional investment outcomes for all stakeholders; to deliver outstanding support to plan Trustees; and to serve as a responsible steward of the resources of plan beneficiaries and the City of New York.

The Senior Investment Officer will assist in overseeing the investment activity for the infrastructure investment program for the five New York City pension systems.

The Senior Investment Officer will report to the DCIO and Head of Infrastructure.

Under the supervision of the DCIO and Head of Infrastructure Investments, responsibilities include, but are not limited to, the following:

• Identifying, reviewing, and evaluating prospective fund and coinvestment opportunities. Conducting due diligence of coinvestment opportunities; summarizing the due diligence findings in investment recommendation memoranda for presentation to the internal Investment Committee and Boards of Trustees;
• Monitoring the portfolio of existing fund and coinvestments to ensure compliance with the terms of the closing documents and other contracts. Updating internal databases and analyzing the performance of existing investments;
• Reviewing deal documents and assisting various teams, including the General Counsel's office and consultants, in negotiating terms and conditions of nondisclosure agreements, new investment agreements and other related contracts;
• Participating in fund and coinvestment quarterly update calls. Writing investment update reports, briefing memoranda and meeting summaries;
• Constructing financial models as necessary for due diligence and preparing analyses used in annual implementation and strategic plans;
• Designing criteria and parameters for research analyses on market trends, strategies, industries, sectors, geographies and other topics; ensuring the accuracy of investment reporting;
• Monitor investment developments; designing reports to track Systems' investment activity; and assisting in developing agendas for investment conferences and other events;
• Performing related assignments or special projects as required. They could include, but are not limited to evaluating and monitoring fund investments; reviewing and making recommendations with respect to amendment requests, consent notices, other contract changes and corporate governance matters; and,
• Performing other related tasks and responsibilities as may be required.

Minimum Qualifications

• A graduate degree from an accredited college or university in business, economics, finance, accounting or a closely related field, and four (4) or more years of progressively responsible experience in a financial services organization handling complex financial transactions with considerable exposure to infrastructure investments (equity or debt), or similar experience at a consulting firm/bank; or,
• BS/BA degree from an accredited college with major studies in the fields mentioned above and six (6) or more years of progressively responsible professional experience as described above; or,
• A satisfactory equivalent of education and experience mentioned above.

Preferred Skills

• Extensive demonstrated experience in a financial services firm with expertise in infrastructure or private equity
• Experience in investment manager and coinvestment due diligence, portfolio management, and monitoring
• Chartered Financial Analyst designation
• MBA or a graduate degree in Finance
• Excellent financial, writing, presentation, interpersonal, communication, and organizational skills
• Proficiency in Microsoft Office Suite.

Public Service Loan Forgiveness

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs.

For more information, please visit the U.S. Department of Education's website at
Residency Requirement
New York City residency is generally required within 90 days of appointment.

However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County.

To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

Senior Investment Officer - Infrastructure
07/30/2024
Number of positions
1
Work location

Category:
Finance, Accounting, & Procurement

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