The National Electrical Benefit Fund (NEBF) seeks a Director/Chief Investment Officer to guide and manage the investments in the NEBF, valued at approximately $10 billion. Additionally, the Director is responsible for managing an internal staff with regards to administrative duties related to the Plan. The position reports to the Board of Trustees of the Plan.
NEBF is a multiemployer defined benefit plan and is the third largest Taft-Hartley Plan in the country. It serves over 502,000 individual participants with over 8,000 contributing employers.
The Director must possess an exceptional understanding of financial markets, securities, alternative investments and pension finance. The ideal candidate will have broad-based investment experience and a track record of managing complex investment portfolios, as well as supervising and managing staff.
The Director will be responsible for the following:
• Managing the investments of the pension plan under the authority of the Trustees.
• Supervising and overseeing the in-house investment staff, the external advisors and the
• In conjunction with the Trustees, providing for the formulation and adoption of long term
investment plans, investment policy statements and manager guidelines and updates.
• Evaluating and advising the Trustees on investment strategies, external advisors, consultants
• Reporting to the Board of Trustees on investment results and other such matters.
Minimum qualifications and preferences include a bachelor’s degree, a master’s degree or CFA preferred, 10 years of progressive responsibility in investment management and administration and a track record of adding value as compared to appropriate benchmarks. Experience in managing the investment of large Taft-Hartley and ERISA regulated funds is preferred, however, applicants with relevant experience will also be considered.
Salary will be set commensurate with qualifications and experience, and a generous benefits package is offered.
Qualified candidates should forward their resume and cover letter with salary requirements by September 30, 2012 to The Search Committee at Response@NEBF.com (Please use “Director of Investments” in the Subject Line).
NEBF is an Equal Opportunity Employer
To place your RFP, Classified, or Career Opportunity ad in Pensions & Investments newspaper and online, please contact Erin Smith at 212-210-0719.
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