External Asset Manager Specialist

Description

Duties Description

The New York State Insurance Fund (NYSIF), with over $20 billion in assets under management, is seeking a Specialist to play a central role in overseeing and refining business functions within the Investments Department. This role requires strong knowledge of the investment life cycle—including onboarding, cash flow management, trading, and system integration as well as the ability to track industry best practices and regulatory changes impacting portfolio management. Compensation will be commensurate with experience.

Responsibilities Include, But Are Not Limited To

• Deliver streamlined and consistent processes to optimize operations across multiple investment strategies, including public markets and alternative investments.
• Collaborate with internal teams (administration, technology, finance, compliance, cash management) and external partners (consultants, custodian, vendors) to support portfolio activities.
• Monitor and resolve cash breaks between the custodian, portfolio management systems, external managers, and other relevant parties.
• Coordinate with internal and external managers, as well as key stakeholders, to enhance portfolio management processes.
• Assist the portfolio management team with implementation of new investment strategies.
• Assist with onboarding new managers and setting up their accounts in custodian and portfolio management systems.
• Support strategic planning, operations, and maintenance of the department’s IT infrastructure, ensuring regulatory compliance and efficient alignment with business goals.
• Process capital calls, account funding, and security and cash transfers within custodian and portfolio management systems.
• Create and maintain clear documentation to ensure accurate records of all business functions within this role.
• Perform additional responsibilities as assigned by management.
  
  

Minimum Qualifications

Minimum Qualifications

• Bachelor’s degree and at least seven years of investment experience.
• Strong programming skills, including experience with data mining and analytical programming.
• Proficiency with portfolio management systems (Aladdin preferred) and process development.
  
  

Preferred Qualifications

• MBA or Chartered Financial Analyst (CFA) designation are preferred.
• Proficiency with portfolio management tools such as BlackRock Aladdin, eVestment, eFront, and custodian reporting systems.
• Strong written and verbal communication skills, with exceptional attention to detail.
• Strong technical skills and intellectual curiosity.
• Ability to carry out activities that are large in scope and technically difficult.
• Strong consultative skills with the ability to collaborate effectively with teams and build consensus.
  
  

Please be advised that the New York State Insurance Fund (NYSIF) does not offer sponsorship for employment visas to employees or potential employees. 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 Information

Additional Comments

• Primary Location: New York City
• Travel: 10%
• Schedule: 9 AM – 5 PM
• Telecommuting: Subject to NYSIF’s telecommuting program approval process, this position may offer up to 50% telecommuting.
• Jurisdictional classification: Exempt
• Bargaining unit: Management Confidential (M/C)
• Civil Service title: 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.

Fringe Benefits

• Competitive Compensation
• Future Career Growth Potential
• Open and Supportive Team-Based Environment
• Plentiful Vacation, Personal, and Sick Leave Accruals
• Paid State and Federal Holidays
• Full Medical, Vision, and Dental
• Retirement Options
• Public Student Loan Forgiveness (PSLF)
• Possibility of Telecommuting, Flextime, and Alternative Work Schedules
  
  

About NYSIF

NYSIF is the largest workers' compensation insurer in New York State and among the ten largest nationwide. NYSIF covers 2 million workers and insures 200,000 employers in New York State. NYSIF's mission is to guarantee the availability of workers' compensation, disability insurance and paid family leave at the lowest possible cost to New York employers while maintaining a solvent fund. Since its inception 110 years ago, NYSIF has fulfilled this mission by competing with other insurance carriers to ensure a fair marketplace while serving as a guaranteed source of coverage for employers that cannot secure coverage elsewhere. NYSIF strives to achieve the best health outcomes for injured workers and be an industry leader in price, quality, and service for New York employers. For more information, visit nysif.com.

NYSIF Commitment To Diversity, Equity, And Inclusion

The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.

Executive Order 31

Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. 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.