National Association of State Retirement Administrators


Position Information

Junior Portfolio Manager, Alternative Investments (2 Positions)
The New Mexico Educational Retirement Board (NMERB) is a statutory entity established to administer the Educational Employees Retirement Plan (Plan).  The plan is a cost-sharing, multiple-employer pension plan established to provide retirement and disability benefits and services for our more than 163,000 members and 216 public educational employers. The NMERB is overseen by a nine-member Board of Trustees and operates from offices in Santa Fe and Albuquerque, New Mexico.
The NMERB is a state agency, accountable not only to its members and its board, but also to the Legislature and Governor. It is self-funded through investment income and educational employer and employee contributions, and receives no appropriation from the state’s general fund. Board members and agency personnel pride themselves on a conservative and careful approach to investing, and utilize sound actuarial management, efficient operations, and a member-oriented focus.
 
The Investment Department of NMERB is comprised of 17 individuals that oversee the approximately $16 billion trust fund.  Recognizing NMERB’s fiduciary responsibilities to the Plan and long-term nature of the pension fund, assets are managed on a total return basis with a long-term objective of achieving and maintaining a fully funded status for the benefits provided through the pension plan. NMERB’s Investment Division seeks to diversify investment assets to both enhance returns and control risk. Over the long term, the fund’s objective is to earn the actuarial rate of return of 7.0%.
 

The Jr. Portfolio Manager will be an integral part of the investment team, participating in all aspects of the investment process, from initial screening and due diligence, through approval, to post-investment monitoring and reporting. This position demands excellent communications skills, strong analytical insight and spreadsheet modeling skills, an understanding of financial statements, perseverance and creativity in accessing information, and the ability to balance multiple tasks.

Position: Junior Portfolio Manager, Alternative Investments (2 Positions)
Organization: New Mexico Educational Retirement Board
Location: Albuquerque,  NM 
United States
Salary: Salary range is a level 42 ($68,355 to $169,790).
Posting Start Date: 7/28/2022
Date Posted: 7/28/2022
Requirements
  1. Serve as an integral part of a team responsible for sourcing, selection, and management of private markets investment portfolios by leveraging in-house software programs (Private I, Pitchbook, Prequin, Bloomberg) and participating in NMERB's thorough due diligence processes. Candidates should have knowledge of both capital markets and private markets. 
  2. Assist Senior Portfolio Managers or Deputy Chief CIO in preparation, negotiation and administration of external investment manager contracts and monitor external managers for investment performance relative to prescribed benchmarks as established in our investment policy. The incumbent will complete cohort studies of NMERB’s existing portfolio to ensure superior investment performance and appropriate investment pacing. 
  3. Perform comprehensive research and analysis on investment topics that may include working extensively with Excel and PowerPoint to model performance, illustrate economic and market-based trends, track upcoming fund-raising cycles, track investment pacing plans, and monitoring adherence to limited partnership agreements
Significant domestic travel may be required for this position.

Candidate Requirements – Portfolio Manager:
  • A Bachelor’s Degree with a strong academic record; Applicable education includes investment management, business administration, accounting, financial management, economics, mathematics, statistics, or related field. An understanding of financial theory and statistical measures is required
  • Progress toward Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), or related designations is a plus.
  • Private Markets fund or direct investment experience is a plus.
 
Please send a current resume and cover letter to Steve Neel at New Mexico Educational Retirement Board, 8500 Menaul Boulevard NE Albuquerque, New Mexico 87112. Applications may also be emailed to Steve.Neel@state.nm.us and invest.recruitment@state.nm.us Only candidates chosen to participate in interviews will be contacted. Posting will remain open until filled. 
 
Status: This listing expires on: 9/26/2022
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Organization Information
Name:
New Mexico Educational Retirement Board
Address:
8500 Menaul Boulevard NE, Suite 450-B

Albuquerque,  NM 87112
United States
Email:
Steve.Neel@state.nm.us
Phone:
Fax:
Contact:
Steve Neel