Assistant Senior Investment Officer – Tangible Assets
POSITION: Assistant Senior Investment Officer – Tangible Assets
LOCATION: Olympia, WA
OPENS: June 18, 2021
CLOSES: Open until filled
ABOUT THE WSIB:
The Washington State Investment Board (WSIB) is a dedicated global investment management organization with over $171.5 billion in assets under management. WSIB’s globally diversified portfolios are comprised of more than 14,000 holdings across 87 countries on 6 continents and in 45 currencies. The WSIB’s central mandate is to maximize return at a prudent level of risk.
WHY WORK AT THE WSIB?
The WSIB is a respected institutional investor and thought leader in its industry. A solid reputation and large scale offer the opportunity to invest in the world’s leading investors on behalf of more than 500,000 public employee beneficiaries.
We are located in Olympia, on the southernmost tip of Puget Sound. Olympians enjoy a quality of life enhanced by natural beauty and a mild year-round climate that promotes outdoor activities such as skiing, sailing, fishing, hiking, kayaking, and mountain climbing. Its proximity to Seattle provides a variety of cultural and culinary experiences, while its residents enjoy a lower cost of living. Within a two-hour drive from Olympia are the Pacific Ocean, the Cascade and Olympic Mountains, and Seattle.
THE WSIB OFFERS:
• Opportunities for professional development, training, growth, and advancement
• Paid membership in professional organizations
• Tuition reimbursement
• A comprehensive benefits package including health, dental, life and long-term disability insurance; vacation, sick, military, and civil leave; 11 paid holidays per year
• Seattle-area public transport pass
• Membership in the Public Employees’ Retirement System
• Opportunities to participate in the Deferred Compensation and Dependent Care Assistance Programs.
EQUAL OPPORTUNITY EMPLOYER
The WSIB is an equal opportunity employer. Women, racial and ethnic minorities, LGBTQ+, persons of disability, persons over 40 years of age, and disabled and Vietnam era veterans are encouraged to apply. Persons of disability needing assistance in the application process, or those needing this announcement in an alternative format, please contact our HR team at [email protected].
Prior to a new hire, a background check, including criminal record history, will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining applicant’s suitability and competence to perform in the position.
The Washington State Investment Board (WSIB) is seeking a qualified candidate to fill an Assistant Senior Investment Officer (ASIO) position in the Tangible Assets Unit. This is a unique opportunity to join an outstanding global investment management organization. The primary objective of the ASIO – Tangible Assets is ongoing selection, due diligence, and monitoring of individual tangible asset investments, while ensuring consistency with statutes, regulations, and Board policies. The ASIO will be expected to work with the highest standard of professional and ethical conduct, and for the exclusive benefit of WSIB beneficiaries.
The position will further assist the Senior Investment Officer (SIO) – Tangible Assets in prudently deploying the allocation that the Board has established for tangible assets, and implementing the annual plans and objectives for the unit with the intent to create a well-diversified and well-performing risk adjusted portfolio.
The ASIO is responsible for actively participating in the development, recommendation, implementation, monitoring, and termination of investments in the Tangible Assets portfolio. This includes:
• Assisting the SIO in the creation of innovative investment programs in areas often overlooked by traditional capital providers.
• Making recommendations to the SIO regarding potential investment sectors or segments within the overall Tangible Assets investable universe.
• Performing economic, industry, and sector research.
• Performing due diligence and presenting assigned investment recommendations to the appropriate committee.
• Implementing approved investments, including legal negotiations, or liaising with the back office regarding new processes or procedures.
• Monitoring current investments and reviewing partners’ financial statements and analyzing the results for acceptability and identifying and reporting any potential problems or opportunities.
• Recommending the termination or disposition of any non-suitable investments in the tangible assets’ portfolio.
• Helping prepare and present the annual plan to the Board.
• Reviewing periodic performance reporting by the consultant for tangible assets.
• Mentoring and helping develop the skills of team members.
• Bachelor’s degree in a related field.
• 5 years’ investment experience in tangible assets including infrastructure; energy assets, both conventional and renewable; minerals and mining; and agriculture including timberlands. Experience in institutional investment setting preferable.
Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA)
Knowledge of differing private investment vehicle types.
Understanding of portfolio management:
o Macro and micro risks
o Risk buckets such as income, growth, midstream, and upstream
o Diversification and concentration levels
o Other equity capital demands
The ability to analyze financial, economic, statistical, legal, accounting, market, and other matters quickly, efficiently, and accurately and to summarize those results.
Financial modeling skills
Objectively combining accounting, financing, and other business and economic metrics to create an abstract representation of an asset’s future financial and liquidity position.
Negotiation, time management, communication, and mentoring.
The ability to utilize all these skills and knowledge sets in a single task.
If your experience or qualifications look a little different from what we’ve identified and you think you can be successful in this position, please address this in your cover letter.
TO APPLY PLEASE VISIT – WWW. CAREERS.WA. GOV
In addition to a complete profile, please include:
• A cover letter specifying why this position is of interest to you and how you meet the qualifications listed above. This letter should be no more than two pages.
• A current chronological resume.
• A list of at least three professional references under the profile section. References will not be contacted without the written consent of the applicant but must be submitted at the time of application.
This recruitment will remain open until filled. The WSIB may make a hiring decision at any time. It is in the candidate’s best interest to apply early. The initial screening will be based on the content and completeness of your application and the materials submitted. Failure to follow the application instructions may lead to disqualification. All information may be verified, and documentation may be required.
This position is anticipated to perform work remotely during the COVID-19 pandemic, although incumbent should be available for onsite work upon a phased reopening of the office.