See also:
• IFEBP
Job Postings
• GFOA
Job Postings
Position Openings:
CHIEF INVESTMENT OFFICER, Kentucky Retirement Systems
ASSISTANT MANAGER OF PRIVATE EQUITY, New York State Teachers' Retirement System
EXECUTIVE DIRECTOR, National Institute on Retirement Security
INVESTMENT OFFICER, Kern County Employees Retirement Association
CHIEF INVESTMENT OFFICER/EXECUTIVE DIRECTOR, North Dakota Retirement & Investment Office
INVESTMENT ANALYST: PORTFOLIO, Kansas Public Employees Retirement System
EXECUTIVE DIRECTOR, Teacher Retirement System of Texas
MANAGING DIRECTOR OF INVESTMENTS, Orange County Employees Retirement System
DEPUTY CHIEF BENEFITS OFFICER, District of Columbia Retirement Board
DEPUTY STATE INVESTMENT OFFICER, New Mexico State Investment Council
CHIEF INVESTMENT OFFICER, San Antonio Fire & Police Pension Fund
INSURANCE BROKER, The Segal Company
SENIOR INVESTMENT ANALYST POSITIONS, Maryland State Retirement Agency
DIRECTOR/CHIEF INVESTMENT OFFICER, New Jersey Department of the Treasury
DIVISION DIRECTOR, State of Connecticut, Retirement Services Division
GENERAL COUNSEL, Indiana Public Employees' Retirement Fund
Kentucky
CHIEF INVESTMENT OFFICER
Kentucky Retirement Systems
Located in Frankfort, KY, the Kentucky Retirement Systems (KRS, http://kyret.ky.gov) directs the investment activity and administration of over $13 billion in pension and insurance funds for the Kentucky Employees Retirement System, the County Employees Retirement System and the State Police Retirement System. Assets are primarily invested and managed by external investment managers.
Responsibilities: The CIO has a dual reporting relationship to the Investment Committee of the Board (for investment matters) and to the Executive Director (for administrative matters). The CIO manages a staff of 7 Division Directors and Investment Analysts, and is responsible for: reviewing and making recommendations on asset allocations and on investment policies and procedures; performance analysis and reporting; manager research and analysis; research; training of the Board and investment staff; and, presentations to the Investment Committee, full Board and other stakeholders.
Requirements: Preferred candidates will have: significant institutional investment management experience with a variety of asset classes, including experience managing funds externally; experience reporting to/working with a board; experience making public presentations; strong leadership skills; and, outstanding communication skills, including the ability to present complex investment concepts in an understandable way. An advanced degree and/or CFA certification are preferred.
For more information, or to apply, contact:
Elena M. McCall
EFL ASSOCIATES
720-200-7021
emccall@eflassociates.com
posted 8/30/10
New York
ASSISTANT MANAGERER OF PRIVATE EQUITY
New York State Teachers' Retirement System
New York State Teachers' Retirement System
10 Corporate Woods Drive
Albany. New York 12211-2395
(800) 356-3128 or 447-2666 (Albany-area calls)
Web Site: www.nystrs.org
Thomas K. Lee, Executive Director
Human Resources Department
(518) 447-2906
Assistant Manager of Private Equity
Starting Salary- $80,000-$92,000
Commensurate with experience
Duties
The Assistant Manager of Private Equity (PE) will participate in all aspects of the PE Fund Investing group’s activities. This includes extensive data gathering and financial modeling, initial screening of investment opportunities, attending fundraising pitch meetings, monitoring active fund investments, various administrative tasks, and other ad-hoc projects. NYSTRS Private Equity portfolio is comprised of 130+ limited partnerships and 60+ general partners with $12+ billion in aggregate commitments. The team is currently staffed with 1 Managing Director, 1 Manager of Private Equity and 3 full-time investment professionals, affording the Assistant Manager of Private Equity significant exposure to all aspects of the investment process. Primary responsibilities include:
Active Investment Monitoring: Regular collection and review of financial statements, capital account statements, and mark-to-market reports from funds. Contact fund managers to explore any discrepancies in valuations or financial statements. Process capital call and distribution notices. Attend fund annual meetings.
Opportunity Screening: Prepare a Pipeline of opportunities and responsible for the offerings database. Identify PE funds within the group’s area of investment focus. Review of fund’s pitch book materials and private placement memorandums. Prepare fund screening and formulation of a proceed/pass recommendation made to the group’s Managing Director.
Fund Due Diligence: Assist in the preparation of formal due diligence request list. Communication with the fund’s Partners to collect due diligence materials. Manage the receipt, collection, and filing of requested diligence materials into due diligence binder. Manage the collection of quantitative data for input into data analysis models. Work closely with the group’s Managing Director to prepare data analysis tables and discuss results. Conduct industry research for industry-specific funds. Conduct and participate in reference calls on the fund manager. Participate in on-site due diligence meetings and conference calls. Assist in preparing internal investment recommendation memorandum, attend pitch meeting to internal investment committee. Ability to think strategically and work independently to drive the analysis process is required.
Financial Modeling: Input, analysis, and interpretation of fund track records. Research historical and projected income statement analysis of individual portfolio companies to gain insight on co-investment managers’ performance as well as for ad hoc projects. Preparation of various analysis tables to identify trends in performance track records. Projections of expected performance and returns by portfolio company and by fund. Extensive knowledge of MS Excel and Word are imperative.
Functional Responsibilities: Effectively prioritize, organize and make timely progress on multiple simultaneous projects. Remain current on Private Equity and Financial Services industries by regularly reading “The Private Equity Analyst”, “The Wall Street Journal”, “The New York Times” and various trade blogs. Attend industry workshops. Review of legal documents. Regular in-person and phone contact with investment fund managers, portfolio company CEO’s, and other industry professionals. Travel (10%-20% of time) is required.
Supervisory Responsibilities: Mentor Junior Investment Team.
Minimum Qualifications
A bachelor’s or master’s degree in Accounting, Business Administration, Finance or a closely related field, certification as a Chartered Financial Analyst and four (4) years of professional level investment experience at least two (2) years of which must have specialized in private equity and/or investment banking.
Highly Preferred
- Robust knowledge of the private equity industry.
- Direct investing experience.
- Knowledge of Asian Private Equity market.
- Ability to demonstrate critical thinking skills.
- A strong understanding of MS Excel, Word, Access, and quantitative/modeling skills.
- A strong desire to learn new information and be a self-starter.
- Ability to work independently.
The System
Founded in 1921, the New York State Teachers' Retirement System is a self-sustaining public corporation, responsible for administering the fund from which all public school teachers, outside of New York City, receive their retirement allowance. A ten member Board oversees the activities of the System. Our staff manages a multi-billion dollar investment portfolio and services over 400,000 active and retired members. We are located in Albany, New York and boast a state-of-the-art office building providing easy access to all points in the Capital District via Interstate 90.
Our Mission
To provide the membership with timely service and accurate benefit payments; to assure the funding of these benefits by utilizing proper actuarial techniques and maximizing investment returns.
Our Vision
To be the best public retirement system, continually working to exceed customer expectations
How to Apply
A link to our current employment opportunities may be found by visiting the NYSTRS homepage, www.nystrs.org. Once there, simply click on About Us and then click on Employment Opportunities. You’ll also find a link to our employment application there.
To be considered for a position this opportunity, mail a completed employment application to: NYSTRS/HR, 10 Corporate Woods Drive, Albany, NY 12211
Please note that although you may include a resume with your application, you must still fill out the application completely. A resume will not be accepted as a substitute, in whole or part, for a completed application.
Inquiries regarding vacancy postings, minimum qualifications, or application procedures may be made by e-mail to strsrecruitment@nystrs.state.ny.us.
You can reach us by phone at (518) 447-2906.
Our Commitment to Diversity
NYSTRS is 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.
NYSTRS is an equal opportunity employer.
posted 8/29/10
District of Columbia
EXECUTIVE DIRECTOR
National Institute on Retirement Security
About NIRS and NIRS-REF
The National Institute on Retirement Security (NIRS, www.nirsonline.org/) is a 501(c)(4) non-profit research and education organization based in Washington, DC. NIRS was established to contribute to informed policymaking by fostering a deep understanding of the value of retirement security to employees, employers, and the economy as a whole. NIRS seeks to encourage the development of public policies that enhance retirement security and to foster a deep understanding of the traditional pension system in the United States.
Founded in 2007, NIRS’s diverse membership of nearly 100 organizations interested in retirement security issues makes its work possible. Members include employee benefit plans, state or local agencies that manage retirement plans, trade associations, financial services firms, and other retirement service providers.
In 2009, the NIRS Research and Education Fund (NIRS-REF), a 501(c)(3) organization, was established to share NIRS’s mission of educating the American public about key problems, challenges, and potential solutions related to retirement security.
NIRS and NIRS-REF are governed by a seven-member board of directors.
Responsibilities
Reporting to the board of directors, the Executive Director manages a team of NIRS staff and consultants to develop the organization’s strategic direction and oversee day to day operations. The Executive Director is responsible for:
- developing and overseeing implementation of the strategic plan and annual business plans;
- developing and managing on-going research and educational programming on retirement security;
- fundraising (through membership recruitment and donors);
- serving as a spokesperson and as a resource on broad retirement issues;
- membership programming;
- cultivating relationships with other organizations and thought leaders involved in defined benefit/retirement issues;
- identifying and rolling out innovative ways to further strengthen NIRS’s thought leadership position; and,
- managing budgets and overseeing financial records and annual audits.
Qualifications
- Knowledge of, and commitment to, retirement security issues, including the value of defined benefit plans.
- Ability to craft strategic research and educational programming.
- Knowledge of membership development and grant/foundation development.
- Ability to serve as effective spokesperson via speeches, testimony and media.
- Ability to function well in small organization.
- Ability to grow an organization and ensure its financial sustainability.
- Experience with budgets and business operations experience.
- Ability to work with a board of directors.
- Ability to travel, as needed.
- Industry experience, or at least substantive knowledge of retirement policy issues, preferred.
- Experience overseeing marketing, communications, and fundraising preferred.
- Advanced degree in the field of public policy, finance and/or economics preferred.
Selection Process
NIRS has selected EFL Associates, a retained executive search firm, to conduct this search.
For more information, call:
EFL Associates
Mary Hobson, Executive Vice President, 720-200-7005
OR
Elena McCall, Assistant Vice President, 720-200-7021
To apply, send a resume and cover letter via email
(with “NIRS” in the subject line) to:
emccall@eflassociates.com
posted 8/19.10
California
INVESTMENT OFFICER
Kern County Employees Retirement Association
Salary DOQ. Kern County, the third largest county in California hosts a wealth of recreational and tourism opportunities. The position of Investment Officer for the Kern County Employees Retirement Association (KCERA, Bakersfield) is a newly created position. Assisting and reporting directly to the Executive Director, the Investment Officer will support the Retirement Board and the Executive Director by providing investment analysis and recommendations, data and information, general advice, and training and education. Assets of the KCERA as of September 2009 were approximately $2.4 billion and are externally managed. Requires a BC/BA (a master’s degree and/or a Chartered Financial Analyst (CFA) designation is desired) and five years of investment management experience. For more information, please visit www.allianceresourceconsulting.com. Contact Eric Middleton or Sherrill Uyeda at (562) 901-0769 or email info@allianceRC.com. Resumes should be received by September 3, 2010. EEO/ADA
posted 8/16/10
North Dakota
CHIEF INVESTMENT OFFICER/EXECUTIVE DIRECTOR
North Dakota Retirement & Investment Office
Located in Bismarck, ND the North Dakota Retirement & Investment Office (RIO) manages the investment programs of the constituents of the State Investment Board (SIB), including the Teachers’ Fund for Retirement (TFFR), the Public Employees’ Retirement System (PERS), the Workforce Safety and Insurance Fund, and other state entities and political subdivisions. As of June 2010, the SIB portfolio totaled approximately $5 billion with 13 statutory clients and 12 contracted clients. In addition, the RIO administers the retirement program of the TFFR.
Responsibilities
Reporting to the 11-member SIB, the CIO/ED manages a staff of 16 and directs all RIO operations. All funds are managed externally. The CIO/ED and RIO staff coordinate and monitor activities and performance of the external investment managers, the custodial bank, and the professional investment consultant.
Requirements
The ideal candidate will have substantial progressively responsible experience in investment related duties at a public pension fund or a complex financial organization, including combined management/executive management experience. The successful candidate will also have the ability to establish and maintain positive working relationships with a variety of constituents. An advanced degree is preferred, and a CFA designation is strongly preferred.
For more information, or to apply, contact:
Mary L. Hobson, Executive Vice President
Daniel J. Cummings, Vice President
Brittney K. Friesell, Associate
EFL ASSOCIATES
720-200-7045
bfriesell@eflassociates.com
posted 8/2/10
Kansas
INVESTMENT ANALYST: PORTFOLIO
Kansas Public Employees Retirement System
Experience and Education
Applicants should have at least three years of related investment experience and an undergraduate degree in a related field such as business, economics, finance, or mathematics, from an accredited college or university. Participation in the CFA program is preferred. Sufficient equivalent experience may be substituted at the discretion of the Chief Investment Officer.
Knowledge, Skills and Abilities
We are looking for applicants with a working knowledge of investment principles who are detail-oriented and intellectually curious. The position requires strong analytical skills with an ability to analyze, organize and communicate a variety of information in a logical manner and provide reasonable and prudent conclusions and recommendations. The ability to effectively communicate and form good working relationships with other financial-and investment-oriented professionals is necessary. Applicants should be self-motivated with an ability to work in a team environment. Applicants should be proficient in Microsoft Office.
Duties of the position include:
- Analyzes the System’s investment portfolio from a broad perspective, with guidance and direction from the CIO, in terms of structure, performance and risk.
- Conducts market-related research, assisting in the development, improvement and maintenance of monitoring tools for the financial markets.
- Conducts market-related research, collects and organizes data and performs analysis on: broad-based investment themes and macro topics; capital market assumptions and trends among leading providers; and peer group performance, asset allocations, and investment trends.
- Supports the CIO with analysis and assistance in project management, with asset/liability studies, in asset allocation/rebalancing, and portfolio positioning.
- Supports CIO and other staff as directed by CIO, with presentation materials, data or information requests, and ad hoc or regular analyses.
- Completes other analysis, projects or reports, as assigned by CIO.
Our office is located in Topeka, Kansas. The benefits package includes health, life, disability insurance, and retirement plan. The salary range for this position is expected to be $50,000 - $65,000.
To apply
Interested parties should submit a detailed resume and cover letter to Julie Baker, KPERS Human Resources Manager, 611 S. Kansas Avenue, Topeka, KS 66603. Phone 785-296-1476. Complete application materials may also be submitted to KPERSrecruitment@kpers.org.
Applications will be accepted until the position is filled. KPERS is an EEO/ADA employer.
posted 8/3/10
Texas
EXECUTIVE DIRECTOR
Teacher Retirement System of Texas
COMPANY BACKGROUND/CULTURE
TRS is one of the largest public pension funds in the United States and the largest public retirement system in Texas with assets of approximately $98 billion. The pension plan provides retirement and related benefits for over 1,300,000 public education employees. The trust is funded by a combination of contributions from members and the state and by investment returns. In addition to the pension plan, TRS administers two large group health insurance programs for retirees and active employees of the public school districts of the state.
The mission of TRS is to deliver retirement and related benefits authorized by law for members and their beneficiaries through the prudent investment and management of assets held in trust for them in an actuarially sound system administered in accordance with applicable fiduciary principles.
TRS has been serving the needs of Texas public education employees for more than 70 years. In November 1936, voters approved an amendment to the Constitution of Texas creating a statewide teacher retirement system. With the passage of enabling legislation passed in 1937, TRS was officially formed.
The System is responsible for investing funds under its stewardship and for delivering benefits to members as authorized by the Texas Legislature. TRS is a defined benefit plan, with retirement benefits determined by a pre-established formula. The trust fund is sustained principally by three sources -- contributions by members during their working careers, contributions by the state, and investment revenues.
KEY RESPONSIBILITIES
The Executive Director is the Chief Executive Officer and administrative head of TRS. The Executive Director will be responsible for direct communication and coordination with the TRS Board of Trustees; providing leadership to agency executives and managers in planning, developing, and implementing short and long term strategies for the accomplishment of TRS mission, goals and objectives; ensuring appropriate controls are established to safeguard systems assets and that pension, insurance and other programs are administered in accordance with applicable federal, state and agency laws, rules and policies; and supervising staff, directly and through subordinate managers.
The Executive Director will be responsible for upholding the collaborative, team-oriented culture within the organization. The Executive Director’s duties also include the administration of separate group health insurance plans for retirees and active employees of the public school districts of the state. The Executive Director must deal with issues relating to employee benefits, public administration, federal and state legislation, member and public relations, actuarial matters and investments.
Other essential duties include, but are not limited to:
- Provides leadership and mentoring to TRS managers in the recruitment and development of a diverse, high performing, customer service oriented work force; and maintains a high commitment to ethical management and business practices free of conflicts of interest to uphold a strong positive culture throughout the organization.
- Represents TRS to members, government officials, the public the press and other interested parties including:
- Developing and maintaining favorable relations and communications with government officials, employers, members and annuitants.
- Serving as principal spokesperson to the public, the press, the legislature and other government agencies.
- Consulting with Board appointed advisory groups, governmental officials, and member and annuitant groups.
- Oversees the development, recommendation to the Board, and implementation of investment policies and asset allocation that are consistent with the purposes of the pension trust fund.
- Coordinates and communicates with the Board of Trustees regarding TRS administration, including agency planning, operations and performance; preparation and distribution of Board business agendas; training of Trustees; consulting with the Board on legislative matters, recommending to the Board actuarial and other services necessary to administer the system and submitting an annual itemized budget for Board review and adoption.
- Oversees the development of and revisions to the system’s strategic plan, legislative appropriation requests, TRS Laws and Rules, and biennial and annual budgets.
PROFESSIONAL EXPERIENCE / QUALIFICATIONS
The successful candidate will possess demonstrated leadership, operational management, and diplomatic skills to effectively manage the organization and to effectively work with the Board. He/she should be a natural relationship builder and extremely comfortable leading a complex organization. The ideal candidate will have a passion for excellence and the desire to have a significant impact on the business as well as a compelling presence, vision and strong business acumen. Ten plus years of full-time management experience, including six years in an executive capacity is required. Experience in Texas state government and in the Texas Public School system is ideal.
The successful candidate will have significant:
- Deep and broad knowledge of pension funds, particularly public pension funds.
- Knowledge of Texas government organization and processes, and of the Texas public school system.
- Skill in providing effective leadership in the areas of institutional portfolio management and benefits administration. Strong strategic planning skills. The ability to develop, plan, and implement short- and long-range plans.
- Superb team building skills with a predisposition to building consensus and achieving goals through collaboration rather than direct line authority.
- A positive, results oriented style, evidenced by listening, motivating, delegating, influencing, and monitoring the work being done.
- Extensive skill in managing, mentoring, and motivating staff to meet organization goals and objectives while upholding a strong culture within the organization.
- Ability to promote and maintain harmonious working relationships with the Board of Trustees; co-workers, agency staff; state leadership, legislators and their staffs; and external contacts; and to work effectively in a professional team environment.
- Knowledge of procedural rules, regulations and guidelines guiding the operations of pension systems; Knowledge of financial management, investments, actuarial services, and legal compliance requirements. Knowledge of domestic and international financial markets and economies.
- A proven record of success in both academic and professional pursuits, established outstanding results, and a record of rapid advancement in every challenge undertaken.
- Expertise in effective written and verbal communications, including preparing and delivering complex correspondence, reports, presentations, policies and proposals.
Resumes should be sent to Michael.kennedy@kornferry.com
California
MANAGING DIRECTOR OF INVESTMENTS
Orange County Employees Retirement System
OCERS, located in Santa Ana, CA, is seeking a strategic investment leader as Managing Director of Investments of this $7.5 billion fund, serving some 39,000 active and retired members.
Reporting to the CEO, the newly created position of Managing Director is responsible for developing a comprehensive, long-range investment vision and strategy for OCERS’ portfolio and overseeing the three-person investment staff and 37 investment managers.
A Bachelor’s degree is required (Master’s preferred); a CFA is preferred. At least 10 years of relevant generalist investment experience and a positive track record of performance as compared to appropriate benchmarks are required. The ideal candidate should be strategic with excellent leadership capabilities to advance investment performance. While plan sponsor experience is desirable, applicants with relevant investment experience will be considered.
Compensation is designed to attract the best-qualified applicants. Health care, retirement benefits, and relocation assistance will be provided. For further information, please contact Jackie Tisch at
jtisch@hudepohl.com.
Hudepohl & Associates, Inc.
2727 Tuller Parkway Suite 210
Dublin, OH 43017-2314
Phone: 614-854-7300
Fax: 614-854-7301
www.hudepohl.com
OCERS is strongly committed to diversity in the workplace. EOE.
posted 6/28/10
District of Columbia
DEPUTY CHIEF BENEFITS OFFICER
District of Columbia Retirement Board
POSITION SUMMARY: Under the direction of the Chief Benefits Officer (CBO), the Deputy Chief Benefits Officer is a senior benefits management position responsible for overseeing the day-to-day operations and coordination of activities consistent with the established goals, objectives and policies set by the District of Columbia Retirement Board.
PRIMARY RESPONSIBILITIES
- Manages and supervises day-to-day benefits administration activities, including interaction with the US Treasury Department and other stakeholders, member services center operations, and quality assurance staff.
- Sets the direction, integration and delivery of all core retirement services/transactions to all members and beneficiaries of the Police, Firefighters and Teachers’ Retirement Plans.
- Provides support and guidance related to the direction and structure of benefits administration functions involving active, inactive, and retired members, including survivors and beneficiaries.
- Assists the Chief Benefits Officer in managing the determination of benefits, implementation of payments, interpretation of policies, and communication with active, retired and inactive members.
QUALIFICATIONS
- Bachelor’s degree (masters degree a plus, preferably in Business Administration, Public Administration, Human Resources or related field).
- CEBS certificate preferred
- Five to seven years of benefits administration experience, including call center operations, pension benefit law and calculations.
- At least five years of management and supervisory experience, preferable in the administration of public defined benefit pension plans.
- Previous experience implementing new pension information systems a plus.
SALARY STARTING RANGE: $114,840 – 129,195 DOQ
(Entire Range: $114, 840 – 172,260)
Additional information about the position and how to apply is available at www.dcrb.dc.gov under “Employment Opportunities”.
posted 6/22/10
New Mexico
DEPUTY STATE INVESTMENT OFFICER
New Mexico State Investment Council
New Mexico State Investment Council, located in Santa Fe, is seeking a strategic investment leader as
Deputy State Investment Officer, Investments, for this $13 billion fund. The SIC oversees investments of
the State’s Permanent Funds and monies of other state agencies, cities, counties and political
subdivisions.
Reporting to the State Investment Officer, the Deputy SIO is responsible for the investment
performance and management of the 14-person investment division and oversees the key aspects
of the investment program, including staffing, internal and external management, portfolio
rebalancing, risk control, and compliance. The SIC invests in publicly-traded fixed income and
equities, as well as alternatives, including real estate, private equity, hedge funds, and credit &
structured debt.
A Bachelor’s degree in finance or related field is required (Master’s and CFA preferred). Minimum
requirements include at least 10 years of relevant generalist investment experience (internal management
preferred), at least five years of which have been in a senior investment leadership role, and a positive
track record of performance as compared to appropriate benchmarks.
The ideal candidate should be intellectually sharp, a strategic thinker and visionary, with excellent
leadership capabilities to advance organizational and investment performance. While endowment
experience is desirable, applicants with plan sponsor or other relevant investment experience will be
considered.
Compensation is designed to attract the best-qualified applicants. Health care, retirement benefits, and
other benefits will be provided. For further information, please contact:
Jackie Tisch at jtisch@hudepohl.com.
Hudepohl & Associates, Inc.
2727 Tuller Parkway
Suite 210
Dublin, OH 43017-2314
Phone: 614-854-7300 | Fax: 614-854-7301 | www.hudepohl.com
New Mexico is strongly committed to diversity in the workplace. EOE.
posted 6/14/10
Texas
CHIEF INVESTMENT OFFICER
San Antonio Fire & Police Pension Fund
The San Antonio Fire & Police Pension Fund is seeking a Chief Investment Officer to guide and implement the investment policies and decisions of the Board of Trustees and monitor all elements of the investment process. The San Antonio Fire & Police Pension Fund (SAFP) is a $1.8 billion defined benefit pension fund. The System is chartered by state statute and operates independently from the City of San Antonio. It is governed by a nine member Board of Trustees. With the addition of this position, there will be 10 staff positions. The Board of Trustees is responsible for overseeing the investment of the fund which is 100% externally managed. The position of Chief Investment Officer is new. Up to this point, the basic functions have been accomplished by the Executive Director with heavy reliance on an independent outside investment consultant. We expect to continue utilization of an independent investment consultant.
This position reports to the Executive Director, but will work directly with the Board of Trustees and Investment Committee. Primary job functions are as follows:
• Develop, recommend, and implement the overall investment strategy by performing analysis and ongoing review with respect to diversification, capital market conditions, portfolio management, cash flow and capital structure.
• Monitor the performance and reporting of external investment managers, custodial bank, and commission recapture brokers. Identify and resolve any discrepancies and compliance issues. Participate in site visits to existing managers and finalists for new assignments.
• Research and recommend new asset classes and innovative investment management that can increase the return, reduce risk, or reduce the cost of the plan.
Minimum qualifications require a Bachelor’s Degree in related field, five year track record in institutional investment management and knowledge and experience across all major asset classes. Preferred qualifications are certification as a Chartered Financial Analyst and investment experience within a public pension organization of similar size.
For a complete job description, go to www.safireandpolicepension.org. Electronic submissions are encouraged (pdf format preferred). Subject line should state: CIO Recruitment – Application of [Name]. Send to wschott@swbell.net.
posted 5/15/10
Illinois
INSURANCE BROKER
The Segal Company
Segal is a leading employee benefits, human resources, and compensation consulting firm seeking an Insurance Broker to join its National Fiduciary Liability Practice (NFLIP) located in our Chicago Office. NFLIP is a highly specialized and unique provider of insurance brokerage services to the multiemployer and public sector employee benefit industry segments. For more information on NFLIP and the Segal Company, please visit www.segalco.com.
This is a service-oriented position, and the ideal candidate will work to maintain and cultivate relationships with existing and new clients. The Insurance Broker working within the Practice provides a specialized service for Segal's clients (primarily Multiemployer and Public Sector) and collaborates with other members of the team, placing fiduciary liability insurance, fidelity bonds, and other specialized insurance products.
This position is responsible for coordinating the renewal and placement of all insurance placements, and has considerable interaction with NFLIP's New York brokerage staff, clients, benefits consultants, and fund counsel. The Insurance Broker provides day-to-day client service for the book of business assigned, manages correspondence to both clients and consultants, presents recommendations to clients based on quotes received from carriers, presentations at client board of trustee meetings, as appropriate, and marketing and sales calls.
The incumbent must have a valid "good standing" Illinois Property and Casualty Insurance license or obtain one within sixty days of employment. Preferred candidates will have a minimum of two years of previous experience in the insurance industry, specifically Property and Casualty, but other relevant experience or educational background will be considered. Excellent communication skills (both written and oral) and the ability to prioritize are essential. A familiarity with insurance terminology is a strong plus. This position requires a solid knowledge of PCs, the ability to work independently and in a timely manner, and a high degree of accuracy. Some travel will be required.
We offer an excellent pay and benefits package and the opportunity to grow professionally in a collaborative environment dedicated to excellence. We are an Equal Opportunity Employer. Please submit your resume by e-mail to: national@segalco.com
posted 5/3/10
Maryland
SENIOR INVESTMENT ANALYST POSITIONS
Maryland State Retirement Agency
 Press Release
Maryland State Retirement and Pension System
120 East Baltimore Street • Baltimore, Maryland 21202-6700
For Immediate Release Contact: Michael D. Golden 410-625-5603
443-540-6499 (mobile)
mgolden@sra.state.md.us
Maryland State Retirement Agency Seeks
To Add Four Senior Investment Analysts
Investment Division Will Expand 25% with New Hires
Baltimore, MD (April 21, 2010) — The Maryland State Retirement Agency has begun a search to fill four Senior Investment Analyst positions within its Investment Division. These positions will work as part of a team that ensures prudent investment of the Maryland State Retirement and Pension System’s $35 billion in assets.
“The Investment Division manages a global portfolio with significant commitments in private equity, absolute return, real estate, real return and credit strategies, as well as public equities and traditional fixed income,” said Mansco Perry III, Chief Investment Officer of the Maryland State Retirement and Pension System. “This is a good opportunity for experienced investment professionals who would like to play an active role in shaping and strengthening the Retirement System’s portfolio.”
With support from the System’s investment consultants, the Investment Division recommends asset allocation, provides oversight of external managers and implements initiatives of the System’s Board of Trustees.
More information about the Investment Analyst positions with the Maryland State Retirement Agency is available at: http://www.sra.state.md.us/Agency/Jobs/Administrator_VII-Investment-Multiple_Positions.pdf
posted 5/3/10
New Jersy
DIRECTOR/CHIEF INVESTMENT OFFICER
New Jersey Department of the Treasury
The New Jersey Department of the Treasury seeks a Director/Chief Investment Officer for the Division of Investment to guide and manage the investment of monies in the State’s various pension systems, valued at approximately $70 billion as of January 21, 2010 and more than 180 separate investment funds. Additionally, the Director is responsible for managing the Division of Investment which currently employs 68 State employees. The position reports to the Treasurer of the State of New Jersey. The Director also works closely with the State Investment Council, an independent advisory and oversight body which formulates and establishes the methods, practices or procedures for the investment of the pension and other State funds managed by the Director and the Division of Investment.
The Director must possess an exceptional understanding of financial markets, securities, alternative investments and pension finance. The ideal candidate will have broad-based investment experience and a track record of managing complex investment portfolios, as well as supervising and managing staff.
Minimum qualifications and preferences include a bachelor’s degree (master’s preferred), CFA preferred, 10 years of progressive responsibility in investment management and administration and a track record of adding value as compared to appropriate benchmarks. Experience in managing the investment of large pension funds is preferred. However, applicants with relevant experience will also be considered.
For a complete job description, information on benefits and how to file for the position, go to: http://www.nj.gov/treasury/administration/job-op/emp-op.shtml.
New Jersey is an Equal Opportunity Employer
posted 3/2/10
Connecticut
DIVISION DIRECTOR
State of Connecticut, Retirement Services Division
The State of Connecticut, Office of the State Comptroller is currently seeking applicants to fill a Division Director position in the Retirement Services Division. This position is responsible for managing a staff of approximately eighty professional, technical and clerical employees. Reporting to the State Comptroller, Deputy Comptroller and providing staff support to the Retirement Commission, this position is responsible for the administration of seven public pension systems that impact nearly 61,000 active members, 50,000 retirees and fund assets in excess of $7 billion.
A minimum of ten years experience in the administration of pension benefits in a collective bargaining environment is required for this position. Three (3) years of the General Experience must have been in a managerial capacity. Preference will be given to those who are admitted to practice law in Connecticut.
If you are interested in this position, please submit a cover letter, statement of qualifications, resume, salary requirements and salary history, and three letters of professional reference to: Elena Vazquez, Human Resources Assistant, Office of the State Comptroller, 55 Elm Street, Room #208, Hartford, CT 06106.
Review of applications will continue until this position is filled.
The Office of the State Comptroller is an Affirmative Action/Equal Employment Opportunity Employer and strongly encourages the application of women, minorities, persons with disabilities and veterans.
posted 1/11/10
Indiana
GENERAL COUNSEL
Indiana Public Employees' Retirement Fund
With more than $17 billion in assets under management at fiscal year-end 2007, the Indiana Public Employees' Retirement Fund (PERF) is among the largest 100 pension funds in the United States. The fund serves the needs of more than 220,000 public employees and retirees representing more than 1,200 employers including public universities, school corporations, municipalities and state agencies.
Indiana PERF has an immediate need for the following executive position in their Legal Division:
General Counsel
Responsible for executive-level management of the Legal Department. This individual will serve as legal counsel to the Board of Trustees and hold the position of Ethics Officer.
Minimum Qualifications for General Counsel:
- JD degree from accredited law school
- License to practice law in Indiana or ability to gain Indiana licensure
- 5 - 10 years legal experience either in a law firm or in-house position
- Experience in the field of investments, financial services and/or employee benefits
- Must possess excellent writing and communication skills and be able to present ideas and opinions clearly
Suggested Qualifications for General Counsel:
- Multi-disciplinary legal experience or general counsel experience
- Experience in regulatory or statutory legal interpretation
- Legislative or lobbying experience
Salary will be commensurate with candidate's background and experience.
For additional information, please contact PERF Human Resources at jgurney@perf.in.gov.
posted 7/07/08
|
