Senior Investment Officer - Alternative Credit (AC) portfolio

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.

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 BAM’s Alternative Credit program, comprising both public and private credit mandates. The SIO will report to the Head of Alternative Credit.

Responsibilities

Under the general direction of the Head of the Alternative Credit Unit, responsibilities include, but are not limited to, the following:

• Identifying, reviewing and evaluating prospective investment opportunities; conducting due diligence on investment opportunities; managing a pipeline prospective investment opportunities; analyzing the historical track record of prospective investment opportunities and other financial analyses; constructing financial models and performing technical analyses;
• Assisting the investment team, the General Counsel’s office, and consultants in negotiating terms and conditions of new investment agreements and other related contracts; and preparing and presenting decision-making documents for internal Investment Committees and Boards of Trustees;
• Monitoring and managing the portfolio of existing investments to ensure compliance with the terms of the limited partnership agreement and other contracts; overseeing development of internal database of existing investments; developing framework for analyzing the performance of existing investments; constructing financial models and performing technical analyses;
• Designing criteria and parameters for research analyses on market trends, strategies, industries, sectors, geographies and other topics as required; insuring the accuracy of partnership reporting, including the financial statements, quarterly reports, notices of distributions, capital calls and investment valuations;
• Reviewing and making recommendations on amendment requests, consent notices and other contract changes; participating in limited partner advisory committee meetings, annual meetings and quarterly update calls;
• Utilizing relationships with general partners to monitor fund developments; designing reports to track Systems’ investment activity; and assisting in developing agenda for investment conferences and other events; and,
• Performing related assignments or special projects as 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 fixed income investments, such as high yield, bank loans, direct lending, structured products, commercial real estate debt, stressed/distressed, and asset management 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

• Demonstrated professional investment experience in high yield, bank loans, direct lending, structured products, commercial real estate debt, or stressed and distressed debt. - Experience in investment manager sourcing and due diligence. - Experience in portfolio management, structuring and monitoring. - Experience in producing monthly, quarterly and annual investment materials. - CFA Charterholder, or demonstrated equivalence of financial analysis skills. - Proficiency in Microsoft Office Suite (Word, Excel and PowerPoint). - Excellent accounting, writing, presentation, interpersonal, communication and organizational skills.
  
  

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 https://studentaid.gov/pslf/.

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.