Review Vacancy
AgencyTeachers' Retirement System
TitleTRS Investment Officer 1/Trainee
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitCSEA Local 658 (NYS Teachers’ Retirement System)
Salary RangeFrom $50905 to $66419 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.
Preferred Qualifications:
- Critical thinking skills
– Ability to work in a team environment, providing and accepting input/feedback on transactions
– Previous real estate experience and knowledge related to acquiring, leasing, managing, financing or disposing of commercial properties
– Previous financial analysis experience
– Computer literacy including experience using Microsoft products, particularly Excel
– Commitment to providing exceptional customer service
– Excellent interpersonal skills
– Excellent writing and verbal communication skills
– Master’s degree in Accounting, Business Administration, Economics, Finance, Mathematics, Statistics, Engineering or in a closely related field
– Having one or more of the following certifications: CAIA, CPA, CCIM, MAI, or CFA
Duties Description
The TRS Investment Officer 1/Trainee will provide operational and analytical support to investment-related departments (Public Equities, Fixed Income, Real Estate, Private Equity and Risk Management) which will include trade and capital call processing; cash management; accounting and reconciliations; investment rates of return calculations and attribution analysis; proxy voting; data governance and monthly and quarterly investment reporting and compliance.
The duties of the TRS Investment Officer 1/Trainee include, but are not limited to, the following:
- Trade processing and accounting related to internally managed investment portfolios
- Coordinating and monitoring investment portfolio reconciliation, reporting and accounting for externally managed investment portfolios including public market portfolios, as well as real estate and alternative investments
- Cash processing and other activities requiring interaction with the custodial bank
- Operational compliance functions of a statutory and regulatory nature
- Oversight and accounting for the securities lending program
- Calculate and/or review investment performance at portfolio, asset class and total fund levels
- Analysis of investment related activities, fees, valuations and attribution
- Work with investment staff/investment reporting requirements
- Support data governance initiatives, policies, procedures and structure
- Quarterly board investment reporting including performance, asset allocation and proxy reports
- Conduct research on investment related concepts and topics
Additional Comments Please apply via our website:
https://nystrs.peopleadmin.com/postings/3916
THIS IS NOT A REMOTE WORK POSITION.
There are currently no mandatory re-employment lists at this time. However, please note that if such a list is certified against this title prior to the completion of the selection process, candidates applying based on meeting the minimum qualifications or transferability under Civil Service Law can no longer be considered.
The work hours of this position are subject to change in accordance with Article 12 of the collective bargaining agreement.
This position falls under NYSTRS’ Personal Trading policy, which requires pre-clearance of personal trades and reporting of trading activity.
Some positions may require additional credentials or a background check to verify your identity.