Private Markets Investment Manager Position Available In New York, New York

Basics Schedule Location Job Specifics How to Apply Indicates whether if this vacancy posting is part of the

NY HELPS

Program. NY HELP No The agency in which the vacancy exists. Agency Insurance Fund, State The job title for the vacancy. Title Private Markets Investment Manager The job title for the vacancy. Occupational Category Other Professional Careers The salary grade for this vacancy. Salaries are determined by salary grade and bargaining unit. Salary Grade NS The collective bargaining unit to which this vacancy is assigned. Bargaining Unit M/C – Managerial/Confidential (Unrepresented) The minimum and maximum of the salary range for this vacancy. Salary Range From $225000 to $239000 Annually Indicates whether this job is full-time or part-time. If the job is part-time, an estimated percentage will be provided. Employment Type Full-Time This indicates the type of job, typically permanent, temporary, or provisional. ‘Provisional’ means that the appointment will be temporary until the incumbent takes and passes an appropriate civil service examination. Appointment Type Permanent Jurisdictional class is the indicator for how this job can be filled. The classified service is governed by the Civil Service Commission, and consists of competitive, non-competitive, exempt, and labor classes. ‘Competitive class’ indicates that the applicant must take and pass an appropriate civil service examination. ‘Non-competitive class’ indicates that the applicant’s qualifications will be evaluated without a civil service examination. ‘Exempt class’ indicates that the applicant will be evaluated by methods other than competitive or non-competitive, and that incumbents will not be granted tenure. ‘Labor class’ requires that applicants possess skills or other physical characteristics that cannot effectively be evaluated by other means. The unclassified service is legislatively defined, and includes such positions as elected officials, department and agency heads, and all academic personnel in public schools, colleges, and universities. Jurisdictional Class Exempt Class Estimates the percentage of time incumbents of this vacancy will be required to travel. Travel Percentage 20% This provides information on the expected workweek. Workweek Mon-Fri The number of hours in the workweek, typically 37.5 or 40 for full time, or any other number for part time. Hours Per Week 37.50 Workday The start time for this vacancy. If the agency employs flextime, this will be the earliest time this vacancy’s shift can start. From 9 AM The end time for this vacancy. If the agency employs flextime, this will be the latest time this vacancy’s shift can end. To 5 PM If checked, the agency allows flextime. Flextime allowed? No If checked, this vacancy includes mandatory overtime. Mandatory overtime? No If checked, this agency allows compressed workweek scheduling. Compressed workweek allowed? No If checked, this agency allows telecommuting for this position. Telecommuting allowed? Yes The county in which the vacancy is located. County New York The street address where the vacancy is located. Street Address 199 Church Street The city where the vacancy is located. City New York The state where the vacancy is located (the default is New York). State NY The zip code where the vacancy is located. Zip Code 10007 The duties that the incumbent of the vacancy will be expected to perform.

Duties Description Description:

The New York State Insurance Fund (NYSIF), with over $20 billion of assets under management, is seeking an experienced private markets investment professional to execute investment opportunities in its growing, internally managed private markets portfolio. This position will report to the Private Markets Portfolio Manager. Responsibilities include, but are not limited to:

• Design and lead the diligence process for potential investments in private markets, including private equity, private credit and real assets
• Establish a process to critically assess fund managers, their processes, and their risk management approaches and capabilities
• Assist in sourcing and screening investment opportunities
• Develop analytical and forecasting models
• Prepare investment memos and create PowerPoint presentations related to investment recommendations, portfolio performance, and market updates
• Help to design and develop policies, objectives and procedures for investing in alternative assets
• Conduct market research to stay informed about market trends, economic conditions, and regulatory changes impacting private markets
• Monitor and report on manager/portfolio performance relative to expectations
• Build and maintain relationships with external consultants, general partners, limited partners, and other stakeholders
• Assist in the evaluating and selecting external investment managers using qualitative and quantitative due diligence, including identifying potential opportunities with emerging managers and minority-owned firms
• Mentor and guide junior team members, fostering a collaborative and high-performance culture
• Support leadership on ad hoc projects related to strategy development, asset allocation and market studies
• Perform other duties and responsibilities as assigned by management The minimum qualifications required for this vacancy.

Minimum Qualifications Minimum Qualifications:

• Bachelor’s degree with a strong academic qualifications
• A minimum of five (5) years of experience in sourcing and evaluating primary and/or secondary private market comingled fund opportunities
• Understanding of fund structures, accounting treatment and valuations
• Experience in calculating rates of return, fees and carried-interest allocations
• Advanced proficiency in Excel for developing M&A and fund cash flow models to facilitate analysis and forecasting

Preferred Qualifications:

• Master’s degree in Business Administration
• Candidates who have obtained their MBA, Chartered Financial Analyst (CFA), or Chartered Alternative Investment Analyst (CAIA) credential
• A foundation in manager research, selection and monitoring, and experience with alternative-asset execution through the primary and secondary markets (incl. co-investments)
• Excellent leadership and team management abilities
• Strong analytical and quantitative skills, with ability to interpret complex financial data
• Strong communication skills and attention to detail
• Demonstrated high level of integrity and ethical standards in investment practices
• Familiarity with industry financial tools such as Bloomberg, CapitalIQ, eFront, Pitchbook, Private i Platform – MSCI (f.k.a. Burgiss), and others
• Proficiency in Python is a plus Additional comments regarding the vacancy.

Additional Comments For new State employees appointed to graded positions, the annual salary is the hiring rate (beginning of the Salary Range) of the position. Promotion salaries are calculated by the NYS Office of the State Comptroller in accordance with NYS Civil Service Law, OSC Payroll rules and regulations and negotiated union contracts.

Fringe Benefits:

• Competitive Compensation.
• Future Career Growth Potential.
• Open and Supportive Team-Based Environment.
• Plentiful Vacation, Personal, and Sick Leave Accruals.
• Paid State and Federal Holidays.
• Full Medical, Vision, and Dental.
• Retirement Options.
• Public Student Loan Forgiveness (PSLF).
• Possibility of Telecommuting.

NYSIF Commitment to Diversity, Equity, and Inclusion The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have. Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. If you are a person with a disability and wish to request that a reasonable accommodation be provided for you to participate in a job interview, please send an email to NYSIF’s Reasonable Accommodations mailbox at ra@nysif.com. #li-dni Some positions may require additional credentials or a background check to verify your identity. The name of the contact person for this vacancy. Name HR Exec The telephone number to use for questions about this vacancy. Telephone The fax to use for this vacancy. Fax 518-437-1618 Email address for emailing applications, or to ask questions about this vacancy. Email Address hrexec@nysif.com Address The street address of the contact for this vacancy. Street PO Box 66699 The city for the contact for this vacancy. City Albany The state of the contact for this vacancy (the default is New York). State NY The zip code for the contact for this vacancy. Zip Code 12206 Instructions for potential applicants. Notes on Applying Candidates must submit a resume and cover letter outlining their interests and skills to hrexec@nysif.com referencing the NYSIF Vacancy Posting Number and title in the subject line. Submissions without a cover letter may not be considered.