Investment Officer - Private Equity



Investment Officer - Private Equity

Salary

$110,400.00 - $184,000.00 Annually

Location

Thurston County – Olympia, WA

Job Type

Exempt

Job Number

2019-05066

Department

State Investment Board

Opening Date

05/29/2019

Closing Date

7/29/2019 10:13 AM Pacific

Description

The Washington State Investment Board (WSIB) is seeking a skilled professional to fill an Investment Officer (IO) position for the Private Equity Unit.  This is a full time exempt position reporting to the Senior Investment Officer (SIO) for Private Equity.  As a member of the Private Equity team, the IO assists in the development of strategic investment strategies and guidelines pertaining to the fund's private equity portfolio.  Investment officers work closely with consultants, investment managers, and outside legal counsel to implement the program's goals and objectives.  The Private Equity Unit successfully identifies, recommends, negotiates, and monitors private equity investments that will enable the WSIB to earn significant returns on the funds entrusted to it. 
 

Duties

  • Work closely with general partners, advisors, and legal counsel to implement goals and objectives.
  • Identify, evaluate, recommend, and monitor private equity investments.
  • Assist the SIO in developing and implementing overall portfolio strategy.
  • Perform due diligence on potential investment opportunities.
  • Negotiate legal and business terms and conditions in partnership agreements.
  • Prepare written materials for and make oral presentations to the Board and its Committees.
  • Maintain and develop relationships with the WSIB's private equity general partners and attend partnership meetings as required.
  • Participate actively on limited partnership advisory committees.
  • Assist in complex cash flow modeling and strategic management.
  • Prepare and evaluate Requests for Proposals (RFPs) as needed.
  • Frequent business travel is required, including international travel, as this is an actively monitored portfolio which includes a significant non-U.S. component.

Qualifications

MINIMUM QUALIFICATIONS:

  • Bachelor's degree in business, finance, accounting or related field.
  • Three years of comparable experience in institutional private equity investment management.
  • Either of the following may substitute for up to one year in total of the three years of experience requirement:
    • Certification as a Chartered Financial Analyst (CFA).
    • An advanced degree in business, finance, accounting, or related field.
The strongest candidate will possess:
  • Certification as a CFA.
  • Specialized Industry Knowledge – A working knowledge of all sub-classes of private equity, including venture capital, growth equity, leveraged buyouts, and credit strategies.
  • Analytical Skills – The ability to analyze investment opportunities, identify merits and concerns, evaluate risks, research issues, and make recommendations.
  • Computer Skills – Proficiency in Word and Excel.
  • Communication Skills – Excellent written and oral communications skills are essential.  The IO prepares written due diligence reports for presentation to the Investment Committee and Private Markets Committee, and makes oral presentations to the Investment Committee, Private Markets Committee, and Board.  The IO will also complete written quarterly monitoring reports and must clearly and concisely document issues discussed at partnership annual meetings and advisory committee meetings.
  • Interpersonal Skills – The ability to work well with other investment officers as part of a team, which is critical to the success of the Private Equity Unit.  In addition, the IO will coordinate and facilitate work flow with a diverse group of external parties, including consultants, attorneys, managers, and general partners.
  • Negotiating Skills – The IO must have excellent negotiation skills.  The IO participates in the negotiation of terms and conditions in complex limited partnership agreements.
  • Time Management/Organizational Skills – The IO must have the ability to effectively manage multiple projects simultaneously, often complicated by tight time frames and travel demands.

Supplemental Information

In addition to a complete profile, please attach:

  • A cover letter specifying why this position is of interest to you and how you meet the qualifications listed above.  This letter should be no more than two pages.
  • A current chronological resume.
Special Requirement:
Prior to a new hire, a background check, including criminal record history, will be conducted.  Information from the background check will not necessarily preclude employment but will be considered in determining applicant's suitability and competence to perform in the position.
 
Contact
HR@sib.wa.gov: 
360-956-4716
 
Candidate evaluations will be ongoing and the WSIB may make a hiring decision at any time. This recruitment will close when the position is filled.

About WSIB:
The Washington State Investment Board is a dedicated global investment management organization with assets under management in excess of $128 billion.  WSIB's globally diversified portfolios are comprised of more than 15,000 securities across 74 countries on 6 continents and in 44 currencies.  WSIB's central mandate is to maximize return at a prudent level of risk. 
 
Why work at WSIB?
WSIB is a respected institutional investor and thought leader in its industry.  A solid reputation and large scale offer the opportunity to invest in the world's leading investors on behalf of more than 500,000 public employee beneficiaries. 
 
We are located in Olympia, on the southernmost tip of Puget Sound.  Olympians enjoy a quality of life enhanced by natural beauty and a mild year-round climate that promotes outdoor activities such as skiing, sailing, fishing, hiking, kayaking, and mountain climbing. Its close proximity to Seattle provides a variety of cultural and culinary experiences, while its residents enjoy a lower cost of living.  Within a two-hour drive from Olympia are the Pacific Ocean, the Cascade and Olympic Mountains, and Seattle.
 
WSIB Offers:
  • Opportunities for professional development, training, growth, and advancement
  • Tuition reimbursement
  • A comprehensive benefits package including health, dental, life and long-term disability insurance; vacation, sick, military and civil leave; 11 paid holidays per year
  • Membership in the Public Employees' Retirement System
  • Opportunities to participate in the Deferred Compensation and Dependent Care Assistance Programs.

The Washington State Investment   Board is an equal opportunity employer.  Women, racial and ethnic minorities, persons of disability, persons over 40 years of age, and disabled and Vietnam era veterans are encouraged to apply.  Persons of disability needing assistance in the application process, or those needing this announcement in an alternative format, please contact Mary Hougan, Human Resources Consultant at (360) 956-4716 or via email to hr@sib.wa.gov.
 


 

More than Just a Paycheck!
 
Employee benefits are not just about the kind of services you get, they are also about how much you may have to pay out of pocket. Washington State offers one of the most competitive benefits packages in the nation.

We understand that your life revolves around more than just your career and that your priority is making sure that you and your family will maintain health and financial security. That's why choice is a key component of our benefits package. We have a selection of health and retirement plans, paid leave, staff training and other compensation benefits that you can mix and match to meet your current and future needs.

 
Read about our benefits:
 
The following information describes typical benefits available for full-time employees who are expected to work more than six months. Actual benefits may vary by appointment type or be prorated for other than full-time work. Check with the agency human resource office for specific benefit information.

Insurance Benefits
 
Employees and families are covered by medical (including vision), dental and basic life insurance.  There are multiple medical plans with affordable monthly premiums that offer coverage throughout the state.  Staff are eligible to enroll each year in a medical flexible spending account which enables them to use tax-deferred dollars toward their health care expenses.  Employees are also covered by basic life and long term disability insurance, with the option to purchase additional coverage amounts.  To view premium rates, coverage choice in your area and how to enroll, please visit the Public Employees Benefits Board (PEBB) website.
 
Retirement and Deferred Compensation
 
State Employees are members of the Washington Public Employees' Retirement System (PERS).  New employees have the option of two employer contributed retirement programs.  For additional information, check out the Department of Retirement Systems' web site.
 
Employees also have the ability to participate in the Deferred Compensation Program (DCP).  This is a supplemental retirement savings program (similar to an IRA) that allows you control over the amount of pre-tax salary dollars you defer as well as the flexibility to choose between multiple investment options.
 
Vacation (Annual Leave)
 
You begin accruing vacation starting your first month of employment. Since we value your loyalty, the amount of vacation you can accrue increases the longer you work with us. Washington State supports members of the armed forces with 21 days paid military leave per year. Vacation accrues for full-time employees per WAC 357-31-165.
 
Holidays
 
Full-time employees are entitled to eleven* paid holidays:
 
HOLIDAY
DATE
 
New Year's Day
January 1
 
Martin Luther King, Jr's birthday
Third Monday in January
 
Presidents' Day
Third Monday in February
 
Memorial Day
Last Monday in May
 
Independence Day
July 4
 
Labor Day
First Monday in September
 
Veterans' Day
November 11
 
Thanksgiving Day
Fourth Thursday in November & Friday after
 
Christmas Day
December 25
 
Personal Holiday
Employee's selection each calendar year

*Employees who are members of certain Unions are entitled to an additional personal leave day of their choice. Please refer to specific Collective Bargaining Agreements for more information.
 
Social Security
 
All state employees are covered by the federal Social Security and Medicare systems. The state and the employee pay an equal amount into the system.
 
Sick Leave
 
Full-time employees earn eight hours of sick leave per month. Paid sick leave may be used for reasons included in WAC 357-31-130.
 
Please visit the State HR Website for more detailed information.

Agency
State of Washington
Address
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View Job Posting for Location, Washington, 98504
Phone
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