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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: New York City, New York

Salary: $200K - $225K

NYSIF is the largest workers’ compensation carrier in NYS and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $20 billion in assets.

Minimum QualificationsBasic Qualifications:
• Bachelor’s Degree with strong academic qualifications; an MBA or CFA designation is preferred.
• Minimum of four (4) to six (6) years of experience in corporate-credit analysis, preferably at a “buy-side” institution.
• Superior organizational skills with attention to detail.
• Strong ability for effective time management and meet deadlines.
• Strong computer proficiency (MS Office) and adeptness to learning new software.
• Excellent verbal and written communication skills.

Preferred Qualifications:
• Motivated self-starter
• High-energy individual that strives to continuously learn
• Working knowledge of investment principles, products, and markets or demonstrates an enthusiasm to learn
• Desire to work in a highly collaborative environment with various stakeholders
• Dedication to public protection and a broad, well-developed array of administrative skills, with background in governmental administration and policies.

 

Duties DescriptionResponsibilities include, but are not limited to:
• Evaluate and monitor creditworthiness of corporate credits within assigned sectors.
• Keep abreast of industry and market developments that could affect the credit portfolio.
• Produce written reports on individual credits.
• Conduct periodic reviews of assigned sectors, including the identification of industrywide strengths, weaknesses, opportunities and threats, and likely implications for specific
credit positions.
• Communicate with other buy-side, sell-side and rating agency analysts to enhance perspective.
• Review bond indentures, covenants and other terms related to bond offerings and corporate actions.
• Prepare financial models of material credit exposures, including “what-if” scenarios, to critically assess creditworthiness and proactively minimize potential credit losses.
• Respond in a timely manner to requests from NYSIF colleagues for credit opinions and market perspective.
• Assist the broader team on key initiatives, special projects, and other credit matters.
• Collaborate with NYSIF colleagues to improve risk identification and monitoring tools.
• Coordinate with NYSIF colleagues in investment operations, accounting, and other enabling functions on portfolio positions, as needed,
• Communicate with the PM, traders and other NYSIF colleagues on credit matters that affect the portfolio.
• Other related duties and responsibilities as necessary and assigned.

Additional CommentsFringe Benefits:
• Competitive Compensation
• Future Career Growth Potential
• Open and Supportive Team-Based Environment
• Vacation, Personal, and Sick Leave Accruals
• Paid State and Federal Holidays
• Full Medical, Vision, and Dental
• Retirement Options
• Possibility of Telecommuting, Flextime, and Alternative Work Schedules

Please note, the targeted income range for this position is $200,000 to $225,000, based upon the candidate’s individual experience. NYSIF does not offer bonus programs as part of our compensation program. The Civil Service title for this position is Special Investment Officer.

The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF’s mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair marketplace and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere.

NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $22 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding.

In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 56,000 New York employers. In 2018, NYSIF added paid family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.

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.