Investment Officer - Real Assets (Hybrid Work Schedule) - Richmond Virginia

Company: Virginia Jobs
Location: Richmond, Virginia
Posted On: 05/08/2024

Title: Investment Officer - Real Assets (Hybrid Work Schedule)

State Role Title: Investment Officer - Real Assets (Hybrid Work Schedule)

Hiring Range: $122,000-$135,000 (commensurate with job experience)

Pay Band: UG

Agency: Virginia Retirement System

Agency Website:varetire.org

Recruitment Type: General Public - G

Job Duties

Virginia Retirement System (VRS) is seeking an Investment Officer to join the Real Assets investments team. The Real Assets team invests primarily in private markets across real estate, infrastructure, and natural resources (timberland, farmland, energy, minerals & mining). The team collaborates with its peers in other Public and Private asset groups. Real Assets currently manages over $14 billion and has a target allocation of 14% of the Total Plan, which may grow to 15% of the Total Plan, within the next two years. This position would assist in managing and overseeing existing and prospective new managers within the Real Assets program, in addition to some administrative tasks within the team. This position is essential in realizing VRS' mission of securing the financial future of public sector employees.

The Real Assets team currently manages the portfolio through a mix of commingled funds, joint ventures, and separate accounts. The program spans over 50 manager relationships and over 100 individual investments. The Investment Officer would be responsible for primary monitoring duties on a subset of those manager and investments, including:

--- Review of quarterly financial reports
--- Attendance at annual/semi-annual meetings
--- Evaluation of potential co-investment activities from the manager subsets
--- Contributing to new manager due diligence and portfolio construction discussions across the program
--- Obtain market intelligence from meetings with potential managers, industry research and periodicals, conferences, and networking within the Real Assets community (inputs from these numerous sources are critical elements in helping to guide the allocation decisions of the Real Assets program. Potential new opportunities must meet strict investment criteria, and withstand a rigorous due diligence review process)
--- Responsible for various portfolio monitoring reports and other administrative tasks as needed, including monthly performance management, new account set up, and/or quarterly portfolio reports

Minimum Qualifications

--- Bachelor's degree in business, finance, economics, accounting, or an equivalent combination of education and experience
--- Five or more years' experience in investment management or related industry
--- Experience in a variety of asset classes including commercial real estate, infrastructure, and/or natural resources
--- Advanced capabilities in Excel, PowerPoint, and Word
--- Process mindset and interest in solving complex problems
--- Ability to work well across various investment and investment support groups and support a collaborative environment
--- Demonstrates curiosity, strong analytic, and problem-solving skills
--- Excellent verbal and written communication skills
--- Superb work ethic, attention to detail, team orientation, and commitment to excellence

Additional Considerations

--- CFA and/or CAIA designation preferred; pursuit of these designations and/or additional training is expected
--- Familiarity with Python and/or large data processing skills are also preferred

Special Instructions

*VRS is unable to provide sponsorship, for this position*

This position follows the hybrid work model currently requiring two days onsite and three days remote. Effective September 2024, this hybrid arrangement will require three days onsite and two days remote.

Investment due diligence performed on external investment managers (both existing and prospective) and other related entities will include both on-site and virtual visits; therefore, out-of-state travel and occasional international will be required.

You will be provided a confirmation of receipt when your application and/or r--sum-- is submitted successfully. Please refer to "Your Application" in your account to check the status of your application for this position.

Contact Information

Name: Human Resources

Phone: 804-697-6697

Email: careers@varetire.org

In support of the Commonwealth's commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.

Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process. More...

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