What are the responsibilities and job description for the Senior Investment Officer - Private Equity position at NYC Department of Housing Preservation & Development?
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 the investment activity for the Private Equity investment program for the five New York City pension systems. The Senior Investment Officer will report to the DCIO and Head of Private Equity.
Under the supervision of the DCIO and Head of Private Equity, responsibilities include, but are not limited to, the following:
Preferred Skills
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.
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 Private Equity investment program for the five New York City pension systems. The Senior Investment Officer will report to the DCIO and Head of Private Equity.
Under the supervision of the DCIO and Head of Private Equity, responsibilities include, but are not limited to, the following:
- Leading initiatives to identify, review and evaluate prospective investment opportunities; conducting due diligence on investment opportunities;
- Performing technical and quantitative analyses of track records and summarizing due diligence findings in investment recommendation memoranda for internal Investment Committee and Boards of Trustees;
- Preparing and presenting investment recommendations to internal Investment Committee and Boards of Trustees;
- Monitoring and managing the portfolio of existing investments; analyzing the performance of existing investments; conducting financial and technical analyses; preparing presentations used in annual implementation and strategic plans;
- Reviewing legal documents and assisting the investment team, legal team, and external consultants in negotiating terms and conditions of new investment agreements and other related contracts;
- 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; writing investment update reports, briefing memoranda and meeting summaries; and,
- Performing related assignments or special projects as may be required.
- A graduate degree from an accredited college or university with major studies in business, economics, finance, accounting, or a 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 private equity funds or similar experience; or,
- BS/BA degree from an accredited college in the fields mentioned in “1” above and six (6) or more years of progressively responsible full-time professional experience as described above; or,
- A satisfactory equivalent of education and experience mentioned in “1” or “2” above.
Preferred Skills
- Expert knowledge of financial principles and concepts used in the underwriting and valuation of private equity partnerships. - Experience in investment manager due diligence and portfolio management. - Excellent financial, writing, presentation, interpersonal, communication, and organizational skills. - Professional certification such as CFA or CAIA, or equivalent. - Proficiency in Microsoft Office Suite.
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.
Salary : $179,200 - $196,000
