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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Olympia, Washington

Salary: $163K - $280K

The Washington State Investment Board (WSIB) is a dedicated global investment management organization with over $188 billion in assets under management . The WSIB’s globally diversified portfolios are comprised of more than 17,500 holdings across 87 countries on 6 continents and in 49 currencies. The WSIB’s central mandate is to maximize return at a prudent level of risk. The WSIB manages investments for 18 retirement plans for public employees, teachers, school employees, law enforcement officers, firefighters, and judges. We also manage investments for several other important public funds that benefit Washington’s industrial insurance program, colleges and universities, and developmental disability programs. The WSIB’s excellent investment performance dramatically contributes to the state’s bottom line by reducing the amount of state contributions needed to cover state pension benefits. Details below.

We are looking for a skilled investment professional with experience in infrastructure, energy, and natural resources; a self-starting, critical-thinking, principal investor interested in improved work/life balance while taking on the challenges associated with working for one of the world’s leading asset allocators. This position requires an independent performer who excels at building strong working relationships, and is a trustworthy professional who values diversity, equity, and inclusion.

IF SELECTED FOR THIS OPPORTUNITY, YOU WILL:
Actively participate in the development, recommendation, implementation, monitoring, and termination of investments in the tangible assets portfolio. Some of these duties include:

  • Assisting the SIO in the creation of innovative investment programs in areas often overlooked by traditional capital providers.
  • Mentoring and assisting with the skill-set development of less experienced team members.
  • Performing all initial research and due diligence necessary to educate staff and the Board relative to non-traditional tangible assets investments.
  • Monitoring current investments, reviewing partners’ financial statements, and analyzing the results for acceptability, as well as identifying and reporting any potential problems or opportunities.
  • Reviewing potential investments for possible inclusion in the tangible assets portfolio; conduct robust due diligence efforts which includes general investment overview, document review, financial structure analysis, meetings with management, and the preparation/presentation of findings and conclusions to the appropriate investment committee following approval by the SIO.

Qualifications

COMPETITIVE APPLICANTS WILL HAVE:

  • Bachelor’s Degree coupled with 5 years’ investment experience in tangible assets, specifically including infrastructure type assets and natural resources, preferably in an institutional investment setting.

THE STRONGEST APPLICANT WILL HAVE:

  • CFA and/or CAIA Certification.
  • Management Skills: The ability to participate in key relationships on behalf of the WSIB with partners, consultants, and attorneys; thus, excellent management skills such as planning, organizing, leadership, negotiation, time management, communication, mentoring, and problem solving are vital.
  • Understanding of Portfolio Management: The ability to understand and recommend changes and enhancements to a diversified tangible assets portfolio. The ability to compare firms and investment opportunities based on investment, business, and operational risk assessments, and to evaluate teams and opportunities to meet risk and return objectives for the WSIB.
  • Knowledge of Investment Vehicles: A working knowledge of, and experience with, the variety of ownership structures related to the private and public tangible investments and their associated legal documentation. This would include but not be limited to partnerships, joint ventures, limited liability companies, operating companies, and master limited partnerships.
  • Analytical Skills: The ability to analyze financial, economic, statistical, legal, accounting, market, and other matters quickly, efficiently, and accurately and to summarize those results.
  • Financial Modeling Skills: The ability to objectively combine accounting, financing, and other business, and economic metrics to create an abstract representation of a company’s and/or assets’ future financial and liquidity position.
  • Interpersonal Skills: The ability to foster an environment where investment officers feel included, which is critical to the success of the Tangible Assets unit. In addition, the ASIO will coordinate and facilitate workflow with a diverse group of external parties, including consultants, attorneys, managers, and general partners.
  • Ability to effectively manage multiple projects simultaneously, often complicated by tight time frames and travel demands.
  • Computer Skills: Proficiency in Word and Excel.

If your experience or qualifications look a little different from what we’ve identified and you think you can be successful in this position, please address this in your cover letter.

Supplemental Information

In addition to a complete profile, please include: 

  • 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.
  • A list of at least three professional references under the profile section. References will not be contacted without the written consent of the applicant but must be submitted at the time of application.

BACKGROUND CHECK:
Prior to a new hire, a background check including education verification, credit check, and 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.

AT THE WSIB…
You’ll experience true work-life balance and talented, passionate co-workers focused on maximizing the investment returns for the exclusive benefit of the beneficiaries. The WSIB is a respected institutional investor and thought leader in its industry and we value diverse perspectives and life experiences. The WSIB is supportive of an H1B Sponsorship.

The WSIB is an equal opportunity employer. Women, people of color and those representing diverse ethnicities, persons of disability, persons over 40 years of age, veterans, military spouses or people with military status, and people of all sexual orientations and gender identities are encouraged to apply.

Employees may be eligible for the following benefits:
Medical, Dental, and Vision for employee & dependentsPublic Employees Retirement System (PERS)Vacation, Sick, and other Leave11 Paid Holidays and 1 Personal Holiday per yearPublic Service Loan ForgivenessLong Term Disability & Life InsuranceDeferred Compensation ProgramsDependent Care Assistance Program (DCAP),  Flexible Spending Arrangement (FSA)Employee Assistance ProgramCommute Trip Reduction Incentives, professional development opportunities, flexible work schedules, and participation in the Combined Fund Drive and SmartHealth.

An overview of benefits of state employment and WSIB specifically can also be found on our website (Download PDF reader) (Download PDF reader).
 
The WSIB is committed to the full inclusion of all qualified individuals. As part of this commitment, the WSIB will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@sib.wa.gov.