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Review Vacancy

Date Posted 02/28/24

Applications Due03/14/24

Vacancy ID152302

NY HELPNo

AgencyTeachers' Retirement System

TitleDeputy Managing Director, Private Equity

Occupational CategoryOther Professional Careers

Salary GradeNS

Bargaining UnitNone listed

Salary RangeFrom $180423 to $203068 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 5%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 8 AM

To 4:30 PM

Flextime allowed? Yes

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? Yes

County Albany

Street Address 10 Corporate Woods Dr.

City Albany

StateNY

Zip Code12211

Minimum Qualifications A bachelor’s degree and ten (10) years of institutional private equity experience with an investment management organization, pension consulting firm or plan sponsor, including:

Five (5) years of leadership experience including managing and developing staff, and experience interacting at Executive/Board level, AND
Five (5) years of Private Equity and/or Private Debt investment management experience including conducting research, sourcing opportunities, conducting, and managing the due diligence process for primary funds, and making recommendations to an Investment Committee and/or Board.
Preferred Qualifications

Master’s degree in business administration
CFA and/or CAIA Charter holder
Strong professional network including both general partners and limited partners.
Experience serving on Limited Partner Advisory Committees
Strong analytical skills
Excellent interpersonal communication skills
Excellent oral and written communication skills
Attention to detail.
Ability to make and support business and investment decisions while taking into consideration other viewpoints and enterprise-wide needs.
Ability to organize and prioritize work in a dynamic and complex environment to meet deadlines and daily requirements.
Self-motivated with the ability to work independently but also as a team player.
Commitment to providing exceptional customer service.
Working knowledge in Microsoft Word, Excel, and PowerPoint
Experience underwriting co-investments

Duties Description The duties of the Deputy Managing Director, Private Equities include, but will not be limited to, the following:

Assist the Managing Director of Private Equity with oversight of the Private Equity and Private Debt portfolios.
Assist the Managing Director of Private Equity with creating and executing on a long-term strategic plan as it relates to staffing and staff professional development.
In the absence of the Managing Director of Private Equity, represent Private Equity at Executive staff, committee, and Board related meetings.
Oversee and participate in various administrative activities including annual budget process, and investment policy manual review.
Active involvement in the Private Equity LP community to stay current with industry trends and establish and maintain professional networks.
Develops and implements strategic and tactical asset allocation of the private equity and private debt portfolios in conjunction with the System’s non-discretionary consultants.
Develops and implements a rigorous evaluation process to ensure selection of appropriate private equity and private debt managers for the System’s portfolio including all stages of investment due diligence process and legal document negotiations on business issues in conjunction with NYSTRS’ legal department and external fund counsel.
Monitors existing investments and assists in managing relationships with the System’s non-discretionary consultants, General Partners of the System’s private equity and private debt investments and other Limited Partners (“LP”)
Performs such other duties as assigned by the Managing Director of Private Equity

Additional Comments NYSTRS is an equal opportunity employer. We are committed to fostering an inclusive environment where diversity is valued and recognized as a source of strength and enrichment. We seek to attract talented people from a diverse range of backgrounds and cultures and encourage women, people of color, LGBTQ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

All applications to NYSTRS should be done via our website. 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.

Some positions may require additional credentials or a background check to verify your identity.

Name Human Resources

Telephone 518-447-8870

Fax

Email Address recruitment@nystrs.org

Address

Street 10 Corporate Woods Dr.

City Albany

State NY

Zip Code 12211

 

Notes on ApplyingPlease do not email a resume and cover letter for consideration. In order to be considered, you must navigate to our applicant portal, Clear Company, and submit your application to the posting. The link to the application is: https://nystrs.clearcompany.com/careers/jobs/4da9b714-9207-09fc-0776-dd81ab029a5e/apply?source=2969160-CS-53663

You may also view our job board at: https://www.nystrs.org/Careers/Job-Opportunities

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