Assistant Investment Officer or Investment Officer - Private Equity

State of Washington•Thurston County – Olympia, WA

10h•Hybrid

About The Position

The Washington State Investment Board (WSIB) is seeking a qualified candidate to join its Private Equity team. This is a unique opportunity to join a globally recognized investment management organization. The primary objective of the Assistant Investment Officer (AIO) or Investment Officer (IO) – Private Equity is the ongoing selection, due diligence, and monitoring of individual private equity partnerships, while ensuring consistency with statutes, regulations, and Board policies. The incumbent will be expected to work with the highest standard of professional and ethical conduct, and for the exclusive benefit of WSIB beneficiaries. This role assists the Private Equity Senior Investment Officer (SIO) in prudently deploying the allocation that the Board has established for Private Equity and implementing the annual plan and objectives for the unit with the intent to create a well-diversified and well-performing risk adjusted portfolio. The WSIB operates in a hybrid work environment, and this position should anticipate 60% of their time in the office.

Requirements

Assistant Investment Officer: Bachelor’s degree in business, finance, accounting or related field.
Assistant Investment Officer: A minimum of one (1) years of experience focused on private equity partnership or direct investing in an institutional investment management organization.
Investment Officer: Bachelor’s degree in business, finance, accounting or related field.
Investment Officer: A minimum of three (3) years of experience focused on private equity partnership or direct investing in an institutional investment management organization.
Either of the following may substitute for up to one (1) year in total of the three years of experience requirement: Certification as a Chartered Financial Analyst (CFA)
Either of the following may substitute for up to one (1) year in total of the three years of experience requirement: An advanced degree in business, finance, accounting, or related field
Proficiency in Word and Excel.

Nice To Haves

MBA / CFA Certification.
A working knowledge of all sub-classes of private equity, including venture capital, growth equity, leveraged buyouts, and credit strategies.
The ability to comprehensively analyze and evaluate complex investment opportunities, identify merits and concerns, evaluate risks, research issues, and make well-reasoned recommendations.
Excellent written and verbal communications skills are essential. The IO prepares concise written due diligence reports for presentation to the Investment Committee and Private Markets Committee, and makes oral presentations to the Investment Committee, Private Markets Committee, and Board. The IO will also complete written quarterly monitoring reports and must clearly and concisely document issues discussed in partnership annual meetings and advisory committee meetings.
The ability to work well with other investment officers as part of a team, which is critical to the success of the private equity unit. In addition, the IO will coordinate and facilitate workflow with a diverse group of external parties, including consultants, attorneys, managers, and general partners.
The ability to participate in the negotiation of terms and conditions of complex limited partnership agreements.
Ability to effectively manage multiple projects simultaneously, often complicated by tight time frames and travel demands.

Responsibilities

Actively participate in the development, recommendation, implementation, monitoring, and termination of investments in the private equity portfolio.
Contribute as a member of a team committed to diversity, equity and inclusion in our work and workplace.
Work closely with general partners, advisors, and legal counsel to implement goals and objectives.
Maintain and develop relationships with the WSIB’s private equity general partners and attend partnership meetings as required.
Participate actively on limited partnership advisory committees.
Identify, evaluate, recommend, and monitor private equity investments.
Perform due diligence on potential investment opportunities.
Prepare written materials for, and make oral presentations to, the Investment Committee, WSIB Board, and WSIB Board Committees.
Negotiate legal and business terms and conditions in partnership agreements.
Assist the Senior Investment Officer in developing and implementing the overall portfolio strategy.
Assist in complex cash flow modeling and strategic management.
Prepare and evaluate Requests for Proposals (RFPs) as needed.
Travel frequently, including internationally, as the WSIB is an actively monitored portfolio which includes a significant non-U.S. component.