LAFPP has issued a Request for Proposals (RFP) from qualified investment managers to provide private credit fund Consulting/Advisory services for its new private credit mandate. A copy of the RFP and related documents are located at https://www.lafpp.com/requests-proposals. Completed RFP packages must be received no later than 4pm PST, May 7, 2021.
The two Trust Funds were incorporated in 2004 as District of Columbia nonprofit corporations and established in accordance with the Compact of Free Association Amendments Act of 2005 (Public Law No. 108-188, 12/17/03).
The Trust Fund Committee of each Trust Fund is seeking an independent external evaluation of the Funds since the Funds are near the end of a 20-year build-up period after which distributions may be allocated. The evaluations would be of contracted expertise, Fund performance, and effectiveness of the management structure and resources utilized by the Committee.
A separate proposal is required for each Trust Fund. Proposals are due by May 14th, 2021. Interested parties may request the RFP and supporting documents for each Trust Fund evaluation from Anthony Costanzo, Executive Administrator, at
[email protected] or [email protected]
The Ohio Public Employees Retirement System has issued an RFP for a multi-asset class portfolio and risk management system. Refer to www.opers.org/about/vendor/index.shtml for details.
Request for Qualifications for
Underwriting Services for the Sale of Pension Obligation Bonds
The City of Quincy acting through The Municipal Finance Department is seeking proposals from potential Contractors in accordance with Massachusetts General Law chapter 30B. This Request for Qualifications (RFQ) sets forth the procedures and requirements to be employed by the City of Quincy in the selection of an underwriter(s) for the sale of pension obligation bonds on a negotiated basis.
All questions regarding this Request for Qualifications should be directed in writing to Kathryn Logan Chief Procurement Officer via email to [email protected] All inquiries must be received by April 23rd, 2021 @ noon.
Minority-owned, Women-owned, and Emerging Small Business Enterprises will be afforded full opportunity to submit their proposal in response to this solicitation and will not be discriminated against on the grounds of race, color, sex or national origin in consideration for an award of any contract entered into.
Bids/Proposals will be received at the Purchasing Office until the time and date stated above, at which time and date they will be opened and registered. Late Bids/Proposals, delivered by mail or in person, will be rejected.
Detailed specifications are available on-line, March 29, 2021 noontime, at the City of Quincy’s website https://www.quincyma.gov/govt/depts/purchasing/current_bids.htm and also available at the office of the Purchasing Agent, Quincy City Hall, 1305 Hancock Street, Quincy, Massachusetts, 02169, between the hours of 8:30 AM and 4:30 PM
The City of Quincy reserves the right to withdraw the Request for Proposal; to reject any and all proposals; and to accept any proposal deemed to be in the best interest of the City of Quincy.
The California Earthquake Authority (CEA) is soliciting proposals from investment management firms to secure additional investment managers to help administer the CEA’s investment portfolio. Please refer to the Contracting & Opportunities section of the CEA’s website at www.earthquakeauthority.com for a copy of the RFQ, minimum qualifications, and contact information. The response to the RFQ is due Friday, April 23, 2021.
The Illinois Firefighters’ Pension Investment Fund (FPIF) is soliciting proposals from Enrolled Actuaries interested in providing actuarial services related to FPIF’s statutory duties under the Illinois Pension Code [40 ILCS 5/1, 40 ILCS 5/1A and 40 ILCS 22C].
Starting on March 22, 2021, the RFP can be found on FPIF’s website:
www.ifpif.org/employment-procurement/.
Proposals must be submitted by 3:00 p.m. CST on April 19, 2021 to:
Illinois Firefighters’ Pension Investment Fund
Steve Zahn, Chief Operating Officer – [email protected]
AND [email protected]
The Board of Trustees of the Government of Guam Retirement Fund (GGRF) seeks proposals from investment firms qualified to provide:
RFP No. GGRF-001-21: Professional Services related to providing Investment Management Services specifically in Global Listed Infrastructure Securities.
RFPs will be issued on Monday, March 22, 2021. Potential offerors may submit written questions on or before Friday, April 9, 2021. Responses to the written questions will be made on or before Monday, April 19, 2021. Submission of proposals will be due by 4:00 p.m. (Chamorro Standard Time) on or before Monday, April 26, 2021.
All interested persons, firms or corporations are requested to download copies of RFPs from the GGRF web-site at www.ggrf.com. RFP copies may also be obtained at the Administrative Services Division of the Government of Guam Retirement Fund, 424 Route 8, Maite, Guam 96910, between 8:00 a.m. and 5:00 p.m., Monday through Friday, with the exception of official Government of Guam holidays. Proposals must be received by GGRF on or before the due date to be considered for evaluation.
Who we are
The State Board of Administration of Florida (SBA) is the investment organization managing the assets of the Florida Retirement System (FRS) and other funds. With more than $200 billion in total assets under management, the SBA is one of the largest institutional investors in the world. A key responsibility is the management of the FRS Pension Plan, the 5th largest public pension fund in the U.S. Year after year, the SBA is able to accomplish sound, long term investment returns above benchmark, while always keeping our beneficiaries’ interests at the forefront of our actions.
At the SBA we recognize that our talented colleagues drive our sophisticated investment strategies, prudently balance risk and reward, and generate above-benchmark returns while adhering to the highest professional and fiduciary standards. It is vital to maintain the trust of the employees and beneficiaries of the funds we oversee. The SBA is committed to seeking individuals who will enhance our team by contributing to our knowledge pool while adhering to the ethics and integrity that underscore our investment strategies and management.
What we need
The SBA is currently seeking a Portfolio Manager II for the Strategic Investments asset class. This position is responsible for sourcing, conducting due-diligence and monitoring managers and funds for the alternative investment program, as well as contributing to the management of the total asset class portfolio and operations.
What you’ll do
• Manages the investment selection process
• Manages and monitors fund relationships with external managers
• Assists with Strategic Investments portfolio strategy
• Manages staff relationships with internal colleagues for all matters related to Strategic Investments
• Works with asset class information systems
• Develops and maintains professional knowledge of topics relevant to the Strategic Investment asset class
What you should have
A bachelor’s degree from an accredited college or university in finance, economics, statistics, accounting, mathematics, business, or a related field and four years of related experience. Or any combination of education and/or experience equal to the minimum requirements.
Preferences:
• Five or more years of related experience
• Master of Business Administration or master’s degree from an accredited college or university in finance, economics, statistics, accounting, mathematics, or a related field
• Enrollment in or completion of Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA)
• Experience in a pension fund, foundation, endowment, family office, fund of fund or sovereign wealth fund
• Experience conducting due diligence and monitoring alternative investment funds such as hedge funds, private debt funds, infrastructure funds, private equity funds, and/or real asset funds and/or direct investment research experience
Knowledge, Skills and Abilities:
• Knowledge of investments and ability to identify attractive investment opportunities
• Strong written and oral communication skills
• Skill in technology systems used by the SBA
• Strong analytical skills
• Ability to work in a team environment
• Ability to work independently as a self-starter
• Ability to multi-task
• Ability to manage internal and external relationships
• Intellectual curiosity of markets and investments
• Travels frequently to various locations throughout the United States and/or internationally. Involves work outside normal business hours and working remotely to maintain contact with others and normal office-related duties
What we offer
The SBA offers a competitive salary, incentive compensation program, and an excellent benefits package including medical, dental, group life, short term disability, retirement and professional development opportunities.
Hiring Range: $95,500 - $129,000
What to do next
If this sounds like you, apply on-line at: https://jobs.sbafla.com
Salary - $105,113 - $143,324/year
Applications are being accepted for the above full-time position, Investment Officer –
Private Markets. Job specific information and application instructions can be found here .
Application Deadline is April 27, 2021.
The Office of the Treasurer is an affirmative action/equal opportunity employer and strongly encourages the application of women, minorities, and disabled persons.
The Missouri State Employees' Retirement System is currently accepting applications for the position of Chief Investment Officer. This position will be available due to the anticipated retirement of the current CIO, a long-term employee of the System.
The CIO reports directly to the Executive Director and has primary responsibility for developing the overall implementation strategy for the $9.1 billion investment program consistent with the asset allocation and other policies established by the MOSERS Board of Trustees. The CIO utilizes both internal and external investment strategies, including hiring external money managers, in order to implement the program.
Our ideal candidate has a minimum of 10 years of institutional investment experience, a bachelor’s degree in business administration, economics, finance, or closely related field, and leadership experience. A master’s degree and a Chartered Financial Analyst (CFA) designation is strongly preferred.
To ensure consideration apply by April 30, 2021, but the position will stay open until filled.
Our client, Illinois Municipal Retirement Fund (IMRF), seeks a Chief Investment Officer (CIO). IMRF is the administrator of an agent multiple-employer public employee retirement plan, with over 177,000 participating members, 138,000 benefit recipients and AUM of $49.8B. IMRF is located in Oak Brook, IL, a Chicago suburb, and employs a staff of 223 dedicated professionals.
The CIO will report to the Executive Director and, along with the investment staff, will oversee the asset allocation policy, the investment manager due diligence and selection process, negotiation of contract details, and monitor investment manager performance across all asset classes. The CIO has eight direct reports and eight indirect reports.
To learn more about the Responsibilities and Preferred Qualifications please view the Position Specifications.
To apply please send your resume to Lauren at [email protected].
Who we are
The State Board of Administration of Florida (SBA) is the investment organization managing the assets of the Florida Retirement System (FRS) and other funds. With more than $200 billion in total assets under management, the SBA is one of the largest institutional investors in the world. A key responsibility is the management of the FRS Pension Plan, the 5th largest public pension fund in the U.S. Year after year, the SBA is able to accomplish sound, long term investment returns above benchmark, while always keeping our beneficiaries’ interests at the forefront of our actions.
At the SBA we recognize that our talented colleagues drive our sophisticated investment strategies, prudently balance risk and reward, and generate above-benchmark returns while adhering to the highest professional and fiduciary standards. It is vital to maintain the trust of the employees and beneficiaries of the funds we oversee. The SBA is committed to seeking individuals who will enhance our team by contributing to our knowledge pool while adhering to the ethics and integrity that underscore our investment strategies and management.
What we need
The SBA is currently seeking a Portfolio Manager II-Investment Grade Credit in our Fixed Income asset class. The ideal candidate will have working knowledge of both short-term investment fundamental/relative value metrics and long-term investment fundamental/relative value metrics, and previous work environment exposure to portfolio management concepts. This candidate has a demonstrated ability to independently drive and complete projects, assimilate a large volume of complex information in a short period of time, and can quickly weigh pros and cons of inter-related variables.
What you’ll do
• Analyzes fundamental and relative value research and provides related recommendations to the Senior Portfolio Manager (SPM) for the internal actively managed corporate bond portfolio
• Evaluates new issues brought to market daily for the internal active corporate bond portfolio
• Prepares and presents economic reviews and tracks data of investor sentiment/anxiety cycles
• Manages and prepares daily, monthly and quarterly reports for portfolio monitoring of the internal actively managed corporate bond portfolio and for monitoring of SBA’s classes B&D counterparties
• Constructs data models and performs research for identified alpha strategy opportunities to provide advice to the SPM
• Analyzes fundamental research and provides written reports for short-term portfolio issuers within assigned sectors
• Conducts analysis for Trade Oversight Group for Counterparty research
• Performs other duties as assigned
What you should have
A bachelor’s degree from an accredited college or university in finance, mathematics, accounting, economics, statistics, business, computer science, Management Information Systems (MIS) and four years of related professional experience. Or any combination of education and/or experience equal to the minimum requirements.
Preferences:
• At least three (3) years of Investment Grade buy side credit fundamental and relative value research analysis experience covering financial services sectors, including but not limited to banking, finance company, insurance, asset management and brokerage sectors
• MBA or Masters in Finance
• CFA or willingness to achieve CFA designation
• Advanced Excel and programming experience utilizing VBA on Excel and Python
• Experience using Bloomberg analytics systems
• Prior work environment exposure to portfolio management concepts
Knowledge, Skills and Abilities:
• General knowledge of accounting
• General knowledge of corporate finance & competitive strategy
• General knowledge of macroeconomics
• General knowledge of statistics
• Basic corporate credit analysis skills
• Basic securities valuation analysis skills
• Advanced skills in building and manipulating Excel spreadsheets
• Ability to independently drive & complete projects
• Ability to assimilate a large volume of complex information in a short period of time
• Ability to quickly weigh pros and cons of inter-related variables
What we offer
The SBA offers a competitive salary, incentive compensation program, and an excellent benefits package including medical, dental, group life, short term disability, retirement and professional development opportunities.
What to do next
If this sounds like you, apply on-line at: https://jobs.sbafla.com
The State of Connecticut Treasurer’s Office, Pension Fund Management Division is hiring a strategic senior investment professional to lead the Division as CIO responsible for the day-to-day administration and advising the Treasurer on the investment of approximately $41 billion in assets.
The PFM Division is responsible for the administration of the Connecticut Retirement Plan and Trust Funds and assists the Treasurer and Investment Advisory Council to develop investment policy and asset allocation strategies, supervise and monitor the performance of investment managers and consultants, and source and diligence new investment opportunities and strategies. The Division also supports the Treasurer in the analysis of plan liabilities. The CIO, appointed by the Treasurer with the consent of the IAC, leads a team of 25.
The CIO is a thought partner and trusted colleague of the Treasurer. The individual must align and support the Treasurer’s investment philosophy and policy objectives including his initiatives on diversity, inclusion and ESG. The CIO must have broad asset class knowledge and institutional experience including significant experience in portfolio construction and asset allocation. An in-depth understanding of global economics and capital markets, investment strategies and vehicles, the principles and practices of institutional investing, investment operations, and investment policy development are also required.
For additional information, including all requirements and preferences, contact Hudepohl & Associates, [email protected] or (614) 854-7300.
State of Connecticut is an Affirmative Action/Equal Employment Opportunity Employer.
Our client, the Maryland State Retirement and Pension System (the “System”) is administered by the State Retirement Agency (the “Agency”), and is seeking an Executive Director (ED). The System was established by State statute to provide retirement and other benefits to State employees, teachers, police, judges, legislators, correctional facility employees and employees of participating governmental units.
The ED reports to a 15-member Board and is primarily responsible for ensuring the Board’s mission is fulfilled and that the Board’s administrative and investment policies are executed efficiently, equitably, and expediently. The Agency administers 12 separate defined benefit pension plans with combined assets of approximately $55 billion. The Agency employs approximately 215 staff members and is based in Baltimore.
To LEARN more and view the DESIRED QUALIFICATIONS please click below to view the Position Specifications:
https://eflassociates.cbiz.com/Portals/2/Denver/MD%20SRA_ED_FINAL%20Specs%207577.pdf
To apply please send your resume to Lauren at [email protected].
Position- General Secretary / Chief Executive Officer
Company - Wespath Benefits and Investments
Location- Glenview, IL
Reporting Relationship - Board of Directors
Website - www.wespath.org
COMPANY INFORMATION
Wespath is a not-for-profit agency that has been serving The United Methodist Church (UMC) for over a century. In accordance with its fiduciary duties, Wespath administers benefit plans and, together with its subsidiaries, including Wespath Institutional Investments, invests over $28 billion in assets on behalf of over 100,000 participants and over 100 United Methodist-affiliated institutions (as of December 31, 2020).
Wespath invests in a sustainable manner that seeks to achieve positive financial, social, and environmental impact while upholding the values of the UMC. Wespath maintains the largest reporting faith-based pension fund in the world. Wespath works globally with corporations to address environmental, social and governance (ESG) issues, with a focus on responsible and sustainable investing.
A unique, values-driven organization, Wespath has been awarded recognition year-over-year as “a great place to work.” The Glenview, IL headquarters building has also been awarded a Leadership in Energy and Environment Design (LEED) Gold certification by the U.S. Green Building Council for efficiencies in the building’s design, construction, operation, and maintenance. Wespath strives to lessen its environmental impact, reinforcing the organization’s core value of stewardship.
Our Mission: We care for those who serve by providing investment and benefit services that honor the mission and principles of The United Methodist Church.
Our Values: Our six core values are teamwork, integrity, stewardship, spirituality, customer satisfaction and mutual respect.
Operating Divisions:
Wespath Institutional Investments
The Wespath Institutional Investments serves the needs of institutional investors through a multi-manager platform of broadly diversified funds, positive social purpose lending, and the integration of environmental, social and governance (ESG) considerations into our investment strategy.
Retirement Plan Services
Retirement Plan Services administers the denomination’s retirement plans, in partnership with United Methodist Church (UMC) annual conferences and other plan sponsors, to help assure clergy, surviving spouses and lay workers receive financial benefits at retirement.
Health, Well-Being and Welfare
Wespath seeks to improve multiple dimensions of health and well-being—physical, emotional, spiritual, social, and financial—for clergy and lay workers of the UMC and their families. We provide health and welfare plans to UMC annual conferences and other plan sponsors.
Central Conference Pensions
Central Conference Pensions (CCP) provides retirement support for clergy and surviving spouses in the Church conferences outside the United States. The initiative is developing sustainable pension plans where none previously existed. CCP provides funding for immediate pension support and education and training to help each region develop its own self-funded pension program.
REPORTING RELATIONSHIPS
The General Secretary/Chief Executive Officer will report directly to the Board of Directors of Wespath. The direct reports include the Chief Operating Officer; Chief Financial and Information Officer; Chief Legal and Governance Officer and Chief Investment Officer.
KEY RESPONSIBILITIES
The General Secretary/Chief Executive Officer of Wespath Benefits and Investments, functions as chief fiduciary and is responsible for providing visionary leadership, guidance, and management to the organization and its staff.
Specific responsibilities of the General Secretary/CEO will include, but not be limited to, the following:
Leadership
• Provide exemplary, innovative, and inspired executive leadership within the Wespath organization
• Provide leadership in the UMC, as part of the Connectional Table, and through key engagements with other agencies of the UMC. The CEO will not only need to comprehend the structures, disciplines and processes of the UMC, but will also need to provide leadership for them as a servant leader
• Create an ethical, sustainable, diverse, and inclusive working environment, such that Wespath operates in the highest aspirations of the United Methodist Church and in compliance with state, federal, and international law, regulatory organizations, and business partnerships.
• Model the value of diversity and provide leadership on diversity initiatives throughout the organization.
• Instill care, compassion, empathy for the benefit participants, staff members, board members and other constituencies.
Vision
• Work with the Board to analyze, evaluate, and implement a clear, distinctive, and comprehensive vision of what Wespath will become in the future, balancing the realities of the business model with the mission and changes within the United Methodist Church.
Strategy
• Establish and implement current and long-range goals, objectives, and policies as well as systems to continually assess key indicators of organizational performance, institutes methods for continuous improvement of those key indicators.
• Assess the overall environment and, with the Board of Directors, chart the course of the organization in response to developing needs of The United Methodist Church and formulate sound strategies and plans to meet those needs.
Communication
• Communicate effectively; translate and interpret Wespath’s mission, issues, and other important information regarding the organization to a broad range of constituencies.
Management
• Ensure that the benefit plans are well managed and that the participants have financial security.
• Strive for outstanding investment performance and provide stewardship of the investment resources which reflects the organization’s commitment to social responsibility and sustainability.
• Ensure the strong financial health of Wespath, which will provide necessary funds for beneficiaries, and for future growth whenever possible.
• Attract and manage an effective, motivated, cohesive, and high-performance executive team.
External Affairs
• Significant involvement in the ongoing preparation for the General Conference.
• Represents Wespath as the largest participant in the Church Alliance.
• Serve as the chief spokesperson for Wespath.
• Ensure that the interests of Wespath are fully represented to all external regulatory bodies - local, state, federal, and international.
• Maintain and enhance key business relationships that help foster the mission of Wespath.
Board of Directors
• Keep the Board informed and engaged in all areas of corporate board oversight/responsibility.
• Work closely with the Board of Directors to develop prioritized goals, objectives, and initiatives to be carried out within specified time frames
DESIRED COMPETENCIES
• Strategic Vision – Seeing ahead to future possibilities and translating them into breakthrough strategies.
• Global Perspective – Taking a broad view when approaching issues, using a global lens.
• Courage – Stepping up to address difficult issues, saying what needs to be said.
• Balances Stakeholders – Anticipating and appreciating the varying needs of all parties invested in outcomes.
• Navigates Networks – Effectively building formal and informal relationships inside and outside the organization.
• Engages and Inspires – Creating a climate in which people are motivated to do their best to help the organization achieve its objectives.
• Situational Adaptability – Adapting approach and demeanor in real time to match the shifting demands of different situations.
• Manages Ambiguity – Operating effectively, even when things are not certain or the way forward is not clear.
• Ensures Accountability – Holding self and others accountable for meeting commitments.
• Aligns Execution – Planning and prioritizing work to meet commitments aligned with organizational goals.
YEAR ONE CRITICAL SUCCESS FACTORS
• Establish broad-based relationships across the organization. Develop trust amongst the Board, Senior Leadership team, and broader UMC community.
• Listen, learn, and ask questions to understand the needs for UMC.
• Continue the trajectories in place (i.e., technology, cyber security, commitment to diversity & inclusion, etc.).
PROFESSIONAL EXPERIENCE/QUALIFICATIONS
• 10 years of proven executive leadership and management.
• Active membership in his/her local United Methodist Church.
• Demonstrated level of investment acumen, and awareness of financial markets.
• Expertise in employee benefits systems with large plan experience and investments experience is ideal.
• Commitment to inclusiveness and to facilitating conflict resolution in a fair and equitable manner.
• Extensive experience working in a diverse environment.
RELIGIOUS AFFILIATION
• It is required that the successful candidate be a Methodist and an active member of his/her local United Methodist Church. The candidate must be committed to acquiring a thorough knowledge and comprehension of structures, discipline, institutions and functioning of The United Methodist Church and its related agencies.
EDUCATION
• Master’s degree in management, business or finance is preferred.
• Bachelor’s degree required.
KORN FERRY CONTACTS
Lauren Metzler
Senior Associate
200 Park Avenue
33rd Floor
New York, NY 10166
(212) 973-5826
[email protected]
