Review Vacancy
AgencyTeachers' Retirement System
TitleTRS Investment Officer 1/Trainee
Occupational CategoryOther Professional Careers
Bargaining UnitCSEA Local 658 (NYS Teachers’ Retirement System)
Salary RangeFrom $66261 to $82752 Annually
Minimum Qualifications Traineeship Enter at the Grade 14
A bachelor’s degree or higher in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering, or in a closely related field.
Traineeship Enter at Grade 16
A bachelor’s degree or higher in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering, or in a closely related field; and one year of professional investment experience.
Qualifying experience includes:
Investment-related duties reflecting a fundamental knowledge of the financial markets and an understanding of the economic forces that impact the financial markets, or analysis of financial or economic data; investment risk or portfolio management; investment operations; investment compliance, investment auditing, investment accounting, and quantitative analysis.
Commercial real estate investing (investment acquisitions or asset management) or commercial mortgage lending, specifically involving the financing, investing in, leasing of, or asset management of large commercial real estate assets (generally properties worth $10 million or more);
Non-qualifying experience includes:
Activities applicable to small commercial properties (e.g., two to four family homes), the sale or brokerage of single-family homes, or experience marketing or selling financial service products to individuals, as performed by financial advisors and stockbrokers.
Grade 18
A bachelor’s degree or higher in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering or in a closely related field, and two years of professional investment experience.
Qualifying experience includes:
Investment-related duties reflecting a fundamental knowledge of the financial markets and an understanding of the economic forces that impact the financial markets, or analysis of financial or economic data; investment risk or portfolio management; investment operations; investment compliance, investment auditing, investment accounting, and quantitative analysis.
Commercial real estate investing (investment acquisitions or asset management) or commercial mortgage lending, specifically involving the financing, investing in, leasing of, or asset management of large commercial real estate assets (generally properties worth $10 million or more);
Non-qualifying experience includes: Activities applicable to small commercial properties (e.g., two to four family homes), the sale or brokerage of single-family homes, or experience marketing or selling financial service products to individuals, as performed by financial advisors and stockbrokers.
Substitutions: Successful completion of all three levels of the CFA exam may substitute for two years of experience; a Chartered Alternative Investment Analyst (CAIA) designation, a Certified Commercial Investment Member (CCIM), a Member of the Appraisal Institute (MAI), or a Certified Public Accountant (CPA) may substitute for one year of experience; and a master’s degree in Business Administration concentrating in Finance or a closely related concentration may substitute for two years of experience.
Duties Description The duties of the TRS Investment Officer 1/Trainee include, but are not limited to, the following:
• Investment underwriting– review, analyze, and evaluate domestic and international private equity and private debt investment opportunities. Conduct quantitative and qualitative due diligence then present findings. Draft investment memos. – 70%
• Portfolio monitoring and mid-office support – update fund monitoring each quarter based on an analysis of quarterly financial reports, recent interactions, and other updates for private equity and private debt funds. Assist in the review of cash flows and market values. Take meeting notes from interactions with private equity and private debt managers, consultants, and peers using a CRM system. – 20%
• Projects – assist and provide support on quarterly board reports and other projects, as necessary – 10%
Additional Comments POSITION SUMMARY-
All applications to NYSTRS should be done via the https://nystrs.peopleadmin.com/ site. NYSTRS will never ask you to submit private information via email or direct you to submit private information to another site as part of our recruitment process.
These positions are eligible for a 60% remote/40% in-office flexible work option as outlined in NYSTRS’ Flexible Work Pilot Program.
The TRS Investment Officer 1/Trainee will provide both quantitative and qualitative analysis of private equity and private debt investment opportunities, fund monitoring, portfolio analysis, support the Mid-Office team, and complete projects. Minimal travel is required but may increase over time.
Please note that applicants with private equity investment experience will be considered over those with commercial real estate investment experience.
PREFERRED QUALIFICATIONS-
· Commitment to providing exceptional customer service
· Experience in a finance or investment work environment
· Excellent communication skills (verbal and written)
· Excellent interpersonal skills
· Microsoft Office proficiency (Excel, Word & PowerPoint)
· Ability to multi-task
· A strong desire to learn new information and be a self-starter
· Resourcefulness
· Willingness to accept constructive feedback
· Team player
· Positive Attitude
· Commitment to NYSTRS’ Vision and Values
Some positions may require additional credentials or a background check to verify your identity.