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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: New York City, New York

Salary: $160K - $175K

The Office of Comptroller of New York City, a position established in 1801, is the chief financial officer and chief auditor of the city agencies and their performance and spending. The comptroller also reviews all city contracts, handles the settlement of litigation claims (amounting to $975 million in 2019), issues municipal bonds, and manages the city’s very large pension funds ($240 billion in assets under management as of 2020).

The Senior Investment Officer will assist in overseeing BAM’s Alternative Credit program, comprising both public and private credit mandates, which currently have a target asset allocation of approximately $25 billion.
Under the general direction of the Head of the Alternative Credit Unit, responsibilities include, but are not limited to, the following:

• Identifying, reviewing and evaluating prospective investment opportunities; conducting due diligence on investment opportunities; managing a pipeline of prospective investment opportunities; analyzing the historical track record of prospective investment opportunities and other financial analyses; constructing financial models and performing technical analyses;
• Assisting the investment team, the General Counsel’s office, and consultants in negotiating terms and conditions of new investment agreements and other related contracts; and preparing and presenting decision-making documents for internal Investment Committees and Boards of Trustees;
• Monitoring and managing the portfolio of existing investments to ensure compliance with the terms of the limited partnership agreement and other contracts; overseeing development of internal database of existing investments; developing framework for analyzing the performance of existing investments; constructing financial models and performing technical analyses;
• Designing criteria and parameters for research analyses on market trends, strategies, industries, sectors, geographies and other topics as required; insuring the accuracy of partnership reporting, including the financial statements, quarterly reports, notices of distributions, capital calls and investment valuations;
• Reviewing and making recommendations on amendment requests, consent notices and other contract changes; participating in limited partner advisory committee meetings, annual meetings and quarterly update calls;
• Utilizing relationships with general partners to monitor fund developments; designing reports to track Systems’ investment activity; and assisting in developing agenda for investment conferences and other events.
• Performing related assignments or special projects as required.

Title: Senior Investment Officer – Alternative Credit

Salary: $160,000 – $175,000

Bureau/Division: Bureau of Asset Management

MINIMUM QUALIFICATION REQUIREMENTS
• A graduate degree from an accredited college or university in business, economics, finance, accounting or a closely related field, and four (4) or more years of progressively responsible experience in a financial services organization handling complex financial transactions with considerable exposure to fixed income investments, such as high yield, bank loans, direct lending, structured products, commercial real estate debt, stressed/distressed, and asset management or similar experience at a consulting firm/bank; or,
• BS/BA degree from an accredited college with major studies in the fields mentioned above and six (6) or more years of progressively responsible professional experience as described above; or,
• A satisfactory equivalent of education and experience mentioned above.

PREFERRED SKILLS IN ADDITION TO MINIMUM QUALIFICATIONS
• Demonstrated professional investment experience in high yield, bank loans, direct lending, structured products, commercial real estate debt, or stressed and distressed debt;
• Experience in investment manager sourcing and due diligence;
• Experience in portfolio management, structuring and monitoring;
• Experience in producing monthly, quarterly and annual investment materials;
• CFA Charterholder, or progress toward earning the Charter;
• Proficiency in Microsoft Office Suite (Word, Excel and PowerPoint);
• Excellent accounting, writing, presentation, interpersonal, communication and organizational skills.

The selected candidate will be subject to the financial disclosure requirements of the office’s Personal Trading Policy.
Note: We appreciate every applicant’s interest; however, only those under consideration will be contacted. Certain residency requirements may apply. Vacancy notices listed as “Until Filled” will be posted for at least five workdays.