Washington State Investment Board

The WSIB is seeking a qualified candidate to join our Tangible Assets team as an Assistant Senior Investment Officer (ASIO).. The position will assist the Senior Investment Officer - Tangible Assets (SIO) in prudently deploying the allocation 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.. CFA and/or CAIA Certification.. The WSIB is supportive of an H1B Sponsorship.. The Washington Wellness program from the Health Care Authority works with PEBB to support our workplace wellness programs.

senior investment officer

Salary: $162,672.00 - $280,344.00 Annually Location : Thurston County - Olympia, WA Job Type: Exempt Remote Employment: Flexible/Hybrid Job Number: 2024-05290 Department: State Investment Board Opening Date: 04/29/2024 Description ABOUT THE WSIB: The Washington State Investment Board (WSIB) is a dedicated global investment management organization with over $197.3 billion in assets under management. The WSIB's globally diversified portfolios are comprised of more than 17,500 holdings across 87 countries on 6 continents and in 49 currencies. The WSIB's central mandate is to maximize return at a prudent level of risk. The WSIB manages investments for 18 retirement plans for public employees, teachers, school employees, law enforcement officers, firefighters, and judges. We also manage investments for several other important public funds that benefit Washington's industrial insurance program, colleges and universities, and developmental disability programs. The WSIB's excellent investment performance dramatically contributes to the state's bottom line. To learn more about the WSIB, please visit our website at and follow us on The WSIB operates in a hybrid work environment and this position should anticipate 60% of their time in the office. The WSIB is seeking a qualified candidate to join our Tangible Assets team as an Assistant Senior Investment Officer (ASIO). This is a unique opportunity to join a globally recognized 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 the State of Washington's statutes, regulations, and Board policies. The ASIO is expected to work with the highest standard of professional and ethical conduct, and for the exclusive benefit of WSIB beneficiaries. The position will assist the Senior Investment Officer - Tangible Assets (SIO) in prudently deploying the allocation 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. Duties We are looking for a skilled investment professional with experience in infrastructure, energy, and natural resources; a self-starting, critical-thinking, principal investor interested in improved work/life balance while taking on the challenges associated with working for one of the world's leading asset allocators. This position requires an independent performer who excels at building strong working relationships, and is a trustworthy professional who values diversity, equity, and inclusion. IF SELECTED FOR THIS OPPORTUNITY, YOU WILL: Actively participate in the development, recommendation, implementation, monitoring, and termination of investments in the tangible assets portfolio. Some of these duties include:<ul><li>Assisting the SIO in the creation of innovative investment programs in areas often overlooked by traditional capital providers. <li>Mentoring and assisting with the skill-set development of less experienced team members.<li>Performing all initial research and due diligence necessary to educate staff and the Board relative to non-traditional tangible assets investments.<li>Monitoring current investments, reviewing partners' financial statements, and analyzing the results for acceptability, as well as identifying and reporting any potential problems or opportunities. <li>Reviewing potential investments for possible inclusion in the tangible assets portfolio; conduct robust due diligence efforts which includes general investment overview, document review, financial structure analysis, meetings with management, and the preparation/presentation of findings and conclusions to the appropriate investment committee following approval by the SIO.</li></li></li></li></li></ul> Qualifications COMPETITIVE APPLICANTS WILL HAVE:<ul><li>Bachelor's Degree coupled with 5 years' investment experience in tangible assets, specifically including infrastructure type assets and natural resources, preferably in an institutional investment setting. </li></ul>THE STRONGEST APPLICANT WILL HAVE:<ul><li>CFA and/or CAIA Certification.<li>Management Skills: The ability to participate in key relationships on behalf of the WSIB with partners, consultants, and attorneys; thus, excellent management skills such as planning, organizing, leadership, negotiation, time management, communication, mentoring, and problem solving are vital.<li>Understanding of Portfolio Management: The ability to understand and recommend changes and enhancements to a diversified tangible assets portfolio. The ability to compare firms and investment opportunities based on investment, business, and operational risk assessments, and to evaluate teams and opportunities to meet risk and return objectives for the WSIB.<li>Knowledge of Investment Vehicles: A working knowledge of, and experience with, the variety of ownership structures related to the private and public tangible investments and their associated legal documentation. This would include but not be limited to partnerships, joint ventures, limited liability companies, operating companies, and master limited partnerships. <li>Analytical Skills: The ability to analyze financial, economic, statistical, legal, accounting, market, and other matters quickly, efficiently, and accurately and to summarize those results.<li>Financial Modeling Skills: The ability to objectively combine accounting, financing, and other business, and economic metrics to create an abstract representation of a company's and/or assets' future financial and liquidity position.<li>Interpersonal Skills: The ability to foster an environment where investment officers feel included, which is critical to the success of the Tangible Assets unit. In addition, the ASIO will coordinate and facilitate workflow with a diverse group of external parties, including consultants, attorneys, managers, and general partners.<li>Ability to effectively manage multiple projects simultaneously, often complicated by tight time frames and travel demands.<li>Computer Skills: Proficiency in Word and Excel.</li></li></li></li></li></li></li></li></li></ul>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. Supplemental Information In addition to a complete profile, please include: <ul><li>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.<li>A current chronological resume.<li>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.</li></li></li></ul>BACKGROUND CHECK: Prior to a new hire, a background check including education verification, credit check, and 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. AT THE WSIB... You'll experience true work-life balance and talented, passionate co-workers focused on maximizing the investment returns for the exclusive benefit of the beneficiaries. The WSIB is a respected institutional investor and thought leader in its industry and we value diverse perspectives and life experiences. The WSIB is supportive of an H1B Sponsorship. The WSIB is an equal opportunity employer. Women, people of color and those representing diverse ethnicities, persons of disability, persons over 40 years of age, veterans, military spouses or people with military status, and people of all sexual orientations and gender identities are encouraged to apply. Employees may be eligible for the following benefits: , , , , , & , , , , , , professional development opportunities, flexible work schedules, and participation in the and An overview of benefits of state employment and WSIB specifically can also be found on our The WSIB is committed to the full inclusion of all qualified individuals. As part of this commitment, the WSIB will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@sib.wa.gov. More than Just a Paycheck! Employee benefits are not just about the kind of services you get, they are also about how much you may have to pay out of pocket. Washington State offers one of the most competitive benefits packages in the nation. We understand that your life revolves around more than just your career. Like everyone, your first priority is ensuring that you and your family will maintain health and financial security. That's why choice is a key component of our benefits package. We have a selection of health and retirement plans, paid leave, staff training and other compensation benefits that you can mix and match to meet your current and future needs. Read about our benefits: The following information describes typical benefits available for full-time employees who are expected to work more than six months. Actual benefits may vary by appointment type or be prorated for other than full-time work (e.g. part-time); view the job posting for benefits details for job types other than full-time. Note: If the position offers benefits which differ from the following, the job posting should include the specific benefits. Insurance Benefits Employees and their families are covered by medical (including vision), dental and basic life insurance. There are multiple medical plans with affordable monthly premiums that offer coverage throughout the state. Staff are eligible to enroll each year in a medical flexible spending account which enables them to use tax-deferred dollars toward their health care expenses. Employees are also covered by basic life and long-term disability insurance, with the option to purchase additional coverage amounts. To view premium rates, coverage choice in your area and how to enroll, please visit the Public Employees Benefits Board (PEBB) website. The Washington Wellness program from the Health Care Authority works with PEBB to support our workplace wellness programs. Dependent care assistance allows the employee to save pre-tax dollars for a child or elder care expenses. Other insurance coverage for auto, boat, home, and renter insurance is available through payroll deduction. The Washington State Employee Assistance Program promotes the health and well-being of employees. Retirement and Deferred Compensation State Employees are members of the Washington Public Employees' Retirement System (PERS). New employees have the option of two employer contributed retirement programs. For additional information, check out the Department of Retirement Systems' web site. Employees also have the ability to participate in the Deferred Compensation Program (DCP). This is a supplemental retirement savings program (similar to an IRA) that allows you control over the amount of pre-tax salary dollars you defer as well as the flexibility to choose between multiple investment options. Social Security All state employees are covered by the federal Social Security and Medicare systems. The state and the employee pay an equal amount into the system. Public Service Loan Forgiveness If you are employed by a government or not-for-profit organization, and meet the qualifying criteria, you may be eligible to receive student loan forgiveness under the Public Service Loan Forgiveness Program. Holidays Full-time and part-time employees are entitled to paid holidays and one paid personal holiday per calendar year. Note: Employees who are members of certain Unions may be entitled to additional personal leave day(s), please refer to position specific Collective Bargaining Agreements for more information. Full-time employees who work full monthly schedules qualify for holiday compensation if they are employed before the holiday and are in pay status for at least 80 nonovertime hours during the month of the holiday; or for the entire work shift preceding the holiday. Part-time employees who are in pay status during the month of the holiday qualify for the holiday on a pro-rata basis. Compensation for holidays (including personal holiday) will be proportionate to the number of hours in pay status in the month to that required for full-time employment, excluding all holiday hours. Pay status includes hours worked and time on paid leave. Sick Leave Full-time employees earn eight hours of sick leave per month. Overtime eligible employees who are in pay status for less than 80 hours per month, earn a monthly proportionate to the number of hours in pay status, in the month to that required for full-time employment. Overtime exempt employees who are in pay status for less than 80 hours per month do not earn a monthly accrual of sick leave. Sick leave accruals for part-time employees will be proportionate to the number of hours in pay status, in the month to that required for full-time employment. Pay status includes hours worked, time on paid leave and paid holiday. Vacation (Annual Leave) Full-time employees accrue vacation leave at the rates specified in (1) or the applicable collective bargaining agreement (CBA). Full-time employees who are in pay status for less than 80 nonovertime hours in a month do not earn a monthly accrual of vacation leave. Part-time employees accrue vacation leave hours in accordance with (1) or the applicable collective bargaining agreement (CBA) on a pro rata basis. Vacation leave accrual will be proportionate to the number of hours in pay status, in the month to that required for full-time employment. Pay status includes hours worked, time on paid leave and paid holiday. As provided in , an employer may authorize a lump-sum accrual of vacation leave or accelerate the vacation leave accrual rate to support the recruitment and/or retention of a candidate or employee for a Washington Management Service position. Vacation leave accrual rates may only be accelerated using the rates established WAC 357-31-165. Note: Most agencies follow the civil service rules covering leave and holidays for exempt employees even though there is no requirement for them to do so. However, agencies are required to adhere to the applicable RCWs pertaining holidays and leave. Military Leave Washington State supports members of the armed forces with 21 days paid military leave per year. Bereavement Leave Most employees whose family member or household member dies, are entitled to three (3) days of paid bereavement leave. In addition, the employer may approve other available leave types for the purpose of bereavement leave. Additional Leave Leave Sharing Family and Medical Leave Act (FMLA) Leave Without Pay Please visit the State HR Website for more detailed information regarding benefits. Updated 12-31-2022

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