Investment Operations Associate

Duties Description

The New York State Insurance Fund (NYSIF) is seeking an Investment Operations Associate to support the daily operational and administrative functions of the Investments Department. This role is ideal for someone early in their investment operations career who is eager to learn from senior team members, contribute to process improvements, and gain exposure to a wide range of public and private investment strategies. Compensation will be commensurate with experience.

Responsibilities include, but are not limited to:

• Assist senior investment operations staff in maintaining efficient and consistent processes across multiple investment strategies, including public markets and alternative investments.
• Coordinate with internal teams (administration, technology, finance, compliance, cash management) and external partners (consultants, custodian, vendors) to support day to day portfolio activities.
• Help monitor and resolve cash and position breaks between the custodian, portfolio management systems, and external managers.
• Support onboarding of new investment managers, including account setup within custodian and portfolio management systems.
• Assist with processing capital calls, account funding, and security or cash transfers.
• Maintain accurate documentation of operational workflows, procedures, and investment activities.
• Provide operational support for the implementation of new investment strategies under the guidance of senior team members.
• Contribute to the maintenance and improvement of the department’s technology infrastructure, ensuring data accuracy and regulatory compliance.
• Perform additional duties as assigned.

Minimum Qualifications

• Bachelor’s degree and a minimum of 3 years experience in investment operations, asset management, finance, or a related field.
• Familiarity with the investment life cycle (e.g., onboarding, cash flows, trading support, reconciliations).
• Basic programming or data analysis skills (e.g., Python, SQL, VBA) and interest in developing stronger technical capabilities.
• Exposure to portfolio management or accounting systems (Aladdin experience a plus).

Preferred Qualifications:
• The MBA, CFA, or Operations related credential is a plus.
• Experience with tools such as BlackRock Aladdin, eVestment, eFront, or custodian reporting systems.
• Strong attention to detail, communication skills, and willingness to learn.
• Demonstrated ability to collaborate with cross functional teams.
• Intellectual curiosity and interest in improving processes and systems.

Candidates sponsored for employment by an organization should be aware of their sponsorship status and the relevant expiration date(s) of that sponsorship before applying to this position. NYSIF is not currently enrolled in eVerify, which is a requirement for certain types of employment verifications.

Additional Comments

Please note, the official Civil Service title for this position is: Special Investment Officer.

All exempt appointments require completion of a background check by the NYS Governor’s Office of Appointments prior to appointment and completion of an annual Financial Disclosure Statement upon appointment offer.

As this position is not tenure-bearing, except under specific circumstances, the employment relationship can be altered at any time by either the incumbent or the appointing authority.

Please note, the salary range displayed includes special salary treatments, such as location pay.

Salary within the posted range will be commensurate with experience. Please note, NYSIF does not offer bonus programs as part of our compensation program.

Fringe Benefits:
• Competitive compensation
• Future career growth potential
• Open and supportive team-based environment
• Plentiful vacation, personal, and sick time off
• Paid state and federal holidays
• Affordable health insurance plans
• Dental and vision benefits provided at no additional cost
• Retirement options
• Public Student Loan Forgiveness (PSLF)
• Possibility of telecommuting, flextime, and Alternative Work Schedules (AWS)

For more information about NYSIF, including our mission, commitment to diversity, equity, and inclusion, and efforts to fulfill Executive Order 31, please visit www.nysif.com.

If you are a person with a disability and wish to request that a reasonable accommodation be provided for you to participate in a job interview, please send an email to NYSIF’s Reasonable Accommodations mailbox at ra@nysif.com.

Salary : $154,000 - $179,000