Washington State Investment Board, Olympia, is searching for an investment officer in private equity, a deputy director for operations and an assistant investment officer in fixed income.
Duties for the private equity officer at first will focus on developing and overseeing economically targeted investments. After the first year, the officer will assume additional responsibilities, including identifying, evaluating, recommending and monitoring private equity investments.
The board is offering a salary range of $59,089 to $78,876. Preferred qualifications include four years of experience in private equity or mergers and acquisition or public equity management and experience in public or corporate pension fund investing.
The private equity portfolio is valued at $5.6 billion, or 15.5% of the $36.3 billion in retirement funds the board oversees. The board also oversees an additional $12.3 billion in non-retirement assets. The private equity portfolio is allocated to venture capital, leveraged buyouts, international, mezzanine and distressed/restructuring.
The deputy director of operations is expected to provide policy direction and oversight for investment accounting and financial reporting, and payment of investment management fees and expenses. Other duties include directing the formulation of policies and procedures for RFP development.
The board is offering an annual salary range of $87,941 to $112,565. Qualifications include five years of executive experience with executive and legislative agencies in state government.
The assistant investment officer-fixed income functions primarily in an analytical or research support role. About 30% of the retirement funds are in fixed income, all managed internally. The board is offering a salary in the range of $36,708 to $46,992. Preferred qualifications include at least one year of experience in fixed-income analysis and experience with analytic and trading systems.
Anyone interested in the positions may apply to the WSIB.