See also:
• IFEBP
Job Postings
• GFOA
Job Postings
Position Openings:
EQUITY PORTFOLIO MANAGER/TRADER, Arizona State Retirement System
DEPUTY DIRECTOR/CHIEF OPERATING OFFICER, New Jersey Department of the Treasury
DIRECTOR OF INVESTMENT OPERATIONS, Employees Retirement System of Texas
EXECUTIVE DIRECTOR/CHIEF INVESTMENT OFFICER, State Board of Administration of Florida
EXECUTIVE DIRECTOR, New Mexico Educational Retirement Board
RESEARCH ANALYST/POLICY ANALYST, National Institute on Retirement Security
EXECUTIVE DIRECTOR, State Teachers Retirement System of Ohio
EXECUTIVE DIRECTOR, Missouri Department of Transportation and Highway Patrol Employees' Retirement System
CHIEF INVESTMENT OFFICER, Ohio State University
PUBLIC EQUITY INVESTMENT OFFICER, Kansas Public Employees Retirement System
DIRECTOR OF HEALTHCARE, Ohio Public Employees Retirement System
CHIEF INVESTMENT OFFICER, Pension Funds Management Division, State of Connecticut
Arizona
EQUITY PORTFOLIO MANAGER/TRADER
Arizona State Retirement System
The Arizona State Retirement System (ASRS) Investment Management Division (IMD) is seeking an experienced, quantitatively oriented equity portfolio manager/trader to manage various aspects of the five internally managed equity portfolios. The five internally managed equity portfolios account for nearly $7.0 billion of the plans' approximately $27 billion total plan assets. ASRS IMD manages a combination of enhanced passive and passive funds and is currently developing several new strategies. Internal funds are managed using a team approach in which each member of the group is responsible for generating new investment ideas, critiquing and refining the ideas of others, and implementing those ideas in tradable investment strategies.
Responsibilities
The incumbent will be responsible for managing the internal domestic equity portfolios (Large Cap, Mid Cap, Small Cap) which includes trading stock and derivative (e.g. futures and swaps) equity securities; performing pre-trade and post-trade analysis; corporate governance monitoring; management of corporate actions; maintaining trading relationships with the brokerage community; and the management of transitions for the externally managed equity portfolios. The Equity portfolio manager is also responsible for: identify and implement value-added strategic and tactical investment opportunities; providing general market coverage; assistance with tactical asset allocation decisions; monitoring the news related to significant portfolio positions, and additional projects and research as assigned by the Chief Investment Officer and Director.
Qualifications
The ideal candidate will have significant investment related work experience that includes quantitative equity portfolio management, equity trading and analysis, familiarity with market microstructure and trading research, and be an MBA or CFA charter holder or candidate. The candidate will also have a strong background in financial market theory, economic theory, mathematical statistics, and econometrics; experience with holdings based portfolio management systems and multiple trading platforms; pre-trade/post-trade analytics. This includes SQL database programming, the ability to use multiple high-level programming languages, knowledge of financial databases and data feeds, and familiarity with electronic trading strategies and algorithms.
Application
Compensation for this position ranges from $75k -$105k. The ASRS offers excellent benefits, 4 weeks of vacation/ 2 weeks sick time, and a business casual work environment. Please submit a resume, including salary history, in confidence to: Lisa Hanneman, Administrative Project Coordinator, 3300 N. Central Avenue, 14th Floor, P.O. Box 33910, Phoenix, AZ 85067-3910. E-mail: lisah@azasrs.gov
New Jersey
DEPUTY DIRECTOR/CHIEF OPERATING OFFICER
New Jersey Department of the Treasury
The New Jersey Department of the Treasury seeks a Deputy Director/Chief Operating Officer for its Division of Investment to guide and manage the daily operations of its $78 billion public pension fund. The position reports to the Division Director and works closely with the State Investment Council, an independent advisory and oversight body.
The Deputy Director must possess exceptional leadership skills and an understanding of financial markets, securities, alternatives and pension finance. The ideal candidate will have broad-based investment experience and a track record of managing complex organizations.
Minimum qualifications include a bachelor's degree (master's preferred) and managerial experience in financial services. Preferred, but not required, are a CFA, progressive responsibility in investment management and administration and a track record of adding value as compared to appropriate benchmarks.
A generous salary and benefits package is offered. The appointed candidate is required to annually file a Financial Disclosure Statement with the State Ethics Commission.
For a complete job description, information on benefits and how to file for the position, go to: www.state.nj.us/treasury/administration/JobOp/EmpOp.htm.
Qualified candidates should forward a resume and cover letter no later than
May 23, 2008 to: humanresources@treas.state.nj.us.
New Jersey is an Equal Opportunity Employer
posted 5/01/08
Texas
DIRECTOR OF INVESTMENT OPERATIONS
Employees Retirement System of Texas
The Employees Retirement System of Texas, located in Austin, Texas, is seeking a Director of Investment Operations for its $24 billion investment program.
Responsibilities
Reporting to the Deputy Executive Director of Investments, the Director of Investment Operations ("DIO") will provide strategic direction and leadership for the Investment Operations Team. The DIO will plan and supervise the work and procedures for the Operational functions. The DIO will initially manage a staff of five, and will have the opportunity to grow the team by three additional budgeted positions. Key responsibilities include:
- Ensuring the data integrity of Investments' accounting system, portfolio order management system and other investment management tools.
- Ensuring compliance with proper settlement practices in domestic and international markets.
- Serving as Investments' coordinator and troubleshooter for the portfolio order management system and other division software applications.
- Evaluating and recommending enhancements to the Investment accounting system, portfolio order management system and other division software application.
- Coordinating work between the Investments and Finance and Information System divisions.
- Acting as primary contact for custodian, open records requests, industry surveys, and hardware and software vendors.
- Monitoring and measuring performance of the fund.
- Developing, in cooperation with the Deputy Executive Director of Investments, the division's annual budget; monitoring expenditures and approving requisitions.
Background and Experience
- Bachelor's degree from an accredited college or university is required; major in business, computer science or related field is preferred.
- Experience in investment environment with direct application to securities settlement or performance measurement/evaluation.
- Experience with spreadsheet software and word processing software; experience with preparation of investment reports for external distribution.
- Experience managing an investment support unit strongly preferred.
- Experience with investment accounting software strongly preferred.
- CFA designation or current participation in CFA program is a plus.
Compensation:
Compensation will be market-based within the public sector, corresponding to the experience level, credentials, and personal characteristics of the candidate. Incentive compensation is available and is based on total fund performance as well as asset class performance. ERS offers an excellent employee benefits package, including participation in ERS' defined benefit and defined contribution plans.
To Apply, or For More Information:
Mary L. Hobson
Executive Vice President
mhobson@eflassociates.com
Brittney K. Schroeder
Associate
bschroeder@eflassociates.com
Reference Project No. 7260
EFL Associates
Phone: 303-779-1724 or 877-893-1724
The Employees Retirement System of Texas is an equal opportunity employer and does not discriminate based on race, religion, color, sex, age, national origin, or disability.
Florida
EXECUTIVE DIRECTOR/CHIEF INVESTMENT OFFICER
State Board of Administration of Florida
SBA, the nation's 4th largest public pension fund and ranked as one of the best funded public plans nationally, located in Tallahassee, is searching for an Executive Director/Chief Investment Officer (Executive Director) to lead this agency managing over $162 billion in assets at January 31, 2008.
SBA provides investment services to various governmental entities, including asset management of the State's defined benefit plan, defined contribution plan, and 33 other mandates and trusts. For fiscal 2007, SBA exceeded the total fund investment benchmark for all reported time periods, and ranked in the top quartile among its peers over one and three years.
A Board of Trustees governs the SBA, comprised of the Governor, Chief Financial Officer and Attorney General. The Executive Director, leading a team of 180 and overseeing a $24.5 million operating budget, is responsible for all administrative and investment functions of the agency. An Investment Advisory Council appointed by the Trustees advises the System and provides independent oversight.
The SBA is searching for a chief executive with exceptional leadership skills, an understanding of financial markets, securities and pension finance, and broad-based investment experience with a track record of leading complex organizations.
The minimum qualifications and preferences include Bachelor's degree (Master's preferred), CFA preferred, 10 years of progressive responsibility in investment management and administration, experience leading externally managed investment organizations preferred, and a track record of leading investment organizations that add value as compared to appropriate benchmarks. Experience leading a large complex public pension fund is preferred; however, applicants with relevant experience will also be considered.
Compensation base and bonus will be commensurate with experience. Health care, retirement benefits, and relocation assistance are also provided. Florida does not have a state income tax. For further information, please contact :
Jackie Tisch, Senior Consultant
HUDEPOHL & ASSOCIATES, INC.
150 West Wilson Bridge Road, Suite 203
Worthington, Ohio 43085
614.854.7300/614-854-7301 (fax)
jtisch@hudepohl.com
SBA is an Equal Opportunity Employer.
posted 3/07/08
New Mexico
EXECUTIVE DIRECTOR
New Mexico Educational Retirement Board
The New Mexico Educational Retirement Board (NMERB) is a statewide education employee retirement system. Today, the NMERB is a robust organization of 122,000 active members, retirees and inactive members' and manages an $8.5 billion highly diversified portfolio. Active members range from bus contractors and drivers to university professors. About 1,720 educators retire every year and the benefit payroll to retirees averages over $550 million a year.
The NMERB headquarters is in Santa Fe, the capital city of New Mexico. Nestled at 7000 feet in the foothills of the Rocky Mountains, Santa Fe, New Mexico, the "City Different", is America's oldest capital city and claims a long history and rich cultural heritage.
Founded as a capital city in 1607 by Spanish explorers, it was once claimed by the Pueblo Peoples, the Spanish Crown, Mexico, and the Confederacy. In 1846, it was ceded by Mexican Federation to the U.S.
Present day Santa Fe is internationally renowned for its contemporary, cosmopolitan sophistication. Our city is celebrated by an unsurpassed quality: ambiance.
The position of Executive Director of the New Mexico Educational Retirement Board presents a rewarding professional challenge and opportunity. The Director is appointed by and reports to the Board of Trustees. Duties and Responsibilities of the position include:
- Act as the administrative officer to the seven-member board;
- Employ, supervise and direct the work of a fifty-seven staff/team;
- Maintain and update, on a quarterly basis, records of approximately 93,000 active and inactive members;
- Oversee an annual annuitant payroll system of 30,000 retirees with in excess of $550 Million per year;
- Serve on the Board Investment Committee which recommends policy and directs the activities of the Investment Division;
- Maintains an on-going positive relationship with constituent groups, local administrative units, and other agencies within NM State government including the legislature and Office of the Governor;
- Writing and recommending retirement rules and regulations to the Board as necessary;
- Advise and consult with employers and members enrolled in the system on all aspects of the plan;
- Manage public relations for the plan to maintain a positive relationship and professional public image.
A bachelor's degree in business or public administration or a related field is required and a graduate degree is desired. At least 7 years of experience leading and managing, preferably within a public organization of comparable or larger size and complexity, is required.
The position is open until filled with the first résumé review date approximately on March 7, 2008. To be considered for this position, please submit a statement of interest, résumé, current salary information and a list of at least 3 professional; references via email to:
Patrice Armstrong Human Resources Manager
Patrice.armstrong@state.nm.us
NM Educational Retirement Board
701 Camino De Los Marquez,
Santa Fe, New Mexico 87505
posted 2/25/08
Ohio
EXECUTIVE DIRECTOR
State Teachers Retirement System of Ohio
STRS Ohio, the nation's 12th largest and premier public pension fund, located in Columbus, is searching for an Executive Director to lead and manage this $73 billion fund serving 469,000 members.
The System is the oldest of Ohio's five public pension systems providing service retirement, disability and survivor benefits, as well as access to health care coverage for eligible participants. In addition to a defined benefit plan, new members of the System can also select to participate in a defined contribution or a combined plan.
STRS Ohio investment staff internally manages approximately 80% of the assets, including an $8.5 billion real estate portfolio. Although member and employer contributions are substantial, investment returns account for the majority of the fund's growth (20.73% for year-ended June 30, 2007).
A Board comprising 11 members governs the System. The Board has identified the following key objectives for the new Executive Director:
- Continue the development of initiatives to improve the funding of the health care trust so that benefits are available to retirees.
- Lead the development of an appropriate governance structure to ensure a clear delineation of authority and alignment of responsibilities.
- Continue excellent investment returns.
- Implement operating improvements to continue the positive trends in member satisfaction and cost control.
- Enhance relationships at the federal and state levels with key policymakers that affect public pension funds and health care issues.
The Executive Director is responsible for the $96 million annual operating budget, leads 620 associates, and oversees investment management, finance, benefits administration, retiree health care, information resources, human resources, and internal audit. The Executive Director is also responsible to represent STRS Ohio before state and federal legislative bodies. The Executive Director must be strategic and visionary; a leader who will continue to position STRS Ohio as a leader nationally among public funds, have the confidence and courage to make change when change is needed, and be able to say "no" and make tough decisions.
Qualifications and preferences include: Bachelor's degree (Master's degree preferred) in business, public administration, public finance or a related field; ten years of relevant experience, including at least seven years in a senior leadership role in a large/complex organization; experience working with public boards; working knowledge of public pension industry, retiree health care and pension/health care actuarial issues, and legislative experience at the state and federal level.
Compensation will be commensurate with experience and qualifications and is designed to attract the best-qualified professionals from the national market. Comprehensive health care, retirement benefits, and relocation assistance are also provided. For additional information, contact:
Bonnie Scafaro, Senior Consultant
HUDEPOHL & ASSOCIATES, INC.
150 West Wilson Bridge Road, Suite 203
Worthington, Ohio 43085
614.854.7300/614-854-7301 (fax)
bscafaro@hudepohl.com
posted 2/12/08
Missouri
EXECUTIVE DIRECTOR
Missouri Department of Transportation and Highway Patrol Employees' Retirement System
The Missouri Department of Transportation and Highway Patrol Employees' Retirement System (MPERS www.mpers.org
) provides retirement, survivor, and disability benefits to over 17,000 members. The Executive Director reports to an eleven-member Board of Trustees comprised of elected and appointed members, manages a staff of thirteen and $1.85 in trust assets.
The ideal candidate will be a "Visionary" and a conceptual and strategic thinker capable of developing and implementing short-term and long-term plans, and encouraging innovation; offer demonstrable skills in planning, organizing, and directing the activities of technical and administrative staff, as well as consultants; possess excellent communications skills, a high degree of political acumen including tact, diplomacy, and people skills. Experience in administering components of a public or private pension plan and an advanced degree are preferred.
For more detailed information about this position please see Specification for Executive Director
For additional information or to apply, please contact:
Nancy Williams
Senior Consultant
Grant Cooper & Associates
Williams@grantcooper.com
2/12/08
Ohio
CHIEF INVESTMENT OFFICER
Ohio State University
One of Ohio's greatest assets, OSU, is searching for a Chief Investment Officer (CIO), a newly created position, to build and lead an investment organization responsible for management of the University's $2.3 billion endowment fund. The endowment is expected to realize significant growth in contributions from the $2.5 billion capital campaign announced by President Gee.
OSU is a world-class public research university and the leading comprehensive teaching and research institution, ranked 19th among public universities in U.S. News & World Report. OSU is a multi-campus university with more than 60,000 students, 18 colleges, and 170 majors.
The Board of Trustees governs the University; the Investment Committee is responsible for investment oversight. President Gordon Gee, among the most highly experienced and respected university presidents in the nation, returned to OSU as its 14th President in October 2007. He was previously with OSU from 1990 to 1997.
This is an exciting opportunity to be the University's first CIO and the architect of this new investment organization. As CIO, you will be expected to (i) participate and advise the President, Investment Committee and senior University officials on the appropriate reporting and organizational structure for the investment department, (ii) design and build the infrastructure to support external management, (iii) evaluate the current pool of external managers and recommend changes, if necessary, and (iv) evaluate, recommend and modify the manager search process.
The ideal candidate will be a CIO or senior investment leader from a well-recognized investment organization (preference to applicants from endowments and foundations) with a track record of superior performance and established relationships with best-in-class external managers. An undergraduate degree is required (Master's preferred) and a CFA is preferred. Generalist investment knowledge and experience across all asset classes is desired, preference to strong experience in alternative investments is preferred.
Compensation includes salary commensurate with experience and is designed to attract the best-qualified investment professionals from the national market. Comprehensive health care, retirement benefits, and relocation assistance are also provided.
For further information or to apply, please contact Jackie Tisch.
Jackie Tisch, Senior Consultant
150 West Wilson Bridge Road, Suite 203
Worthington, Ohio 43085
614.854.7300/614-854-7301 (fax)
jtisch@hudepohl.com
OSU is an Equal Opportunity Employer.
2/1/08
Kansas
PUBLIC EQUITY INVESTMENT OFFICER
Kansas Public Employees Retirement System
Kansas Public Employees Retirement System (System), a $14 billion fund located in Topeka, is searching for a Public Equity Investment Officer (PEIO) to work closely with the Chief Investment Officer (CIO) to develop, implement and maintain the System's public equity portfolio totaling approximately $8 billion in assets.
The Kansas Legislature created the System in 1962. The System is responsible for the investment of funds and administration of benefits for over 250,000 active, inactive and retired members representing the state, local, city, county employees; teachers; and librarians, to name a few. The System is an umbrella organization administering three statewide pension groups under one plan - Kansas Public Employees Retirement System, Kansas Police and Firemen's Retirement Systems, and Kansas Retirement System for Judges. All three systems are part of a governmental, defined benefit, contributory plan covering substantially all Kansas public employees.
On average, investment income funds about 70 percent of the System's benefits. Fiscal 2007 was a retooling year in the investments division. With staffing changes and policies and strategies reviewed, the System has set the stage for next year's triennial asset liability study.
The System's fiscal 2007 return rate was 18.0 percent exceeding the long-term actuarial target of 8 percent; and the one, three, five, and ten-year investment performance is 18.03 percent, 14.13 percent, 12.28 percent, and 8.70 percent, respectively.
The PEIO is one of four officers reporting to the CIO and works closely with him to develop, implement and maintain the System's public equity portfolio, comprising domestic and global equities. Three portfolio analysts support the Investment Officers. As an investment officer, the PEIO will be exposed to activities and decisions in other asset classes and the rebalancing process, and play a key role in the development and implementation of the overall investment strategy.
The ideal candidate will be a self-motivated individual, who is a team player, with an ability to work in a collaborative environment, and have a working knowledge of domestic and international equity markets and the methods of portfolio construction and management. S/he must be a team player and able to communicate and present complex ideas to a broad range of constituents in a professional manner.
Qualifications and preferences include: Bachelor's degree (advanced degree preferred) in business, economics, finance or a related field; CFA (other relevant or equivalent experience in the analysis and management of a diverse set of institutional assets may be substituted for the CFA at the discretion of the CIO); and five years of relevant experience in the field of institutional investment management, a minimum of two years with responsibility for oversight and review of an institutional public equity investment portfolio or program.
Compensation will be commensurate with experience and qualifications and is designed to attract the best-qualified investment professionals. Comprehensive health care, retirement benefits, and relocation assistance are also provided. For additional information, contact Bonnie Scafaro.
Bonnie Scafaro, Senior Consultant
150 West Wilson Bridge Road, Suite 203
Worthington, Ohio 43085
614.854.7300/614-854-7301 (fax)
bscafaro@hudepohl.com
KPERS is an Equal Opportunity Employer.
posted 2/1/08
Connecticut
CHIEF INVESTMENT OFFICER
Pension Funds Management Division, State of Connecticut
The Office of the State Treasurer exists to provide and to ensure effective financial management of public resources, high standards of professionalism and integrity, and expanding opportunity for State of Connecticut residents and businesses.
The Pension Funds Management Division assists the State Treasurer, as principal fiduciary, in the administration of the $26 billion pension and trust funds.
The Chief Investment Officer will perform as the senior investment executive and will be responsible for assisting the Treasurer in prudently managing the $26 billion dollar State Pension Fund, as well as, a few smaller related funds. The CIO will provide leadership to the Pension Funds Management Division in strategic planning; effective execution of and compliance with investment and other policies, laws and regulations; and, management of division operations. He/ she will work actively with the State Treasurer, keeping her well advised on division activities; and, will establish and maintain effective communication and constructive relationships with investment advisors, consultants, and agency managers. The CIO will collaborate in the development and recommendation of investment policy; assist with external investment advisors; have responsibility for the administration of the State's investment program; and, lead the development of key fund performance indicators.
The ideal candidate will have at least ten years of recent, fulltime experience in investment management, as well as a significant general management background. He/she must have extensive investment/market expertise. Ideal experiences would be founded in managing a diversity of asset classes, as well as all aspects of the investment process for retirement or comparable systems.
The successful candidate will receive an attractive and commensurate salary based upon applicable work experience.
Please send your resume via e-mail or US Mail to:
Korn/ Ferry International
Attn: Michael Kennedy - Managing Director and Senior Client Partner
1230 Peachtree Street, Suite 2000
Atlanta, GA 30309
or michael.kennedy@kornferry.com
posted 10/11/07
|
