Manager of Private Market Impact Investments
JOB OPPORTUNITY ANNOUNCEMENT
Position Title: Manager of Private Market Impact Investments
Division: Fiscal
Classification: Exempt
Location: Chicago, Illinois
Salary: $80,000-$90,000
Position Summary:
The Manager – Private Market Impact Investments is responsible for assisting on a number of investment objectives, fiduciary duties, and strategic initiatives for the Private Markets Impact Investment portfolio. This includes support for due diligence and oversight for the impact focused strategies across the external investment portfolios of the Office of the Illinois State Treasurer, including, but not limited to, the Illinois Growth and Innovation Fund (“ILGIF”), FIRST Fund, the Student Empowerment Fund, and the long-term CDFI Investment program – known as the Private Market Investment Portfolios. The Manager - Private Market Impact Investments will utilize best practices to continually support effective oversight of various investment portfolios, measure investment performance, source new impact focused opportunities. The Manager - Private Market Impact Investments interacts with many divisions within the Treasurer’s Office in the interest of achieving underlying policy objectives. Attendance and punctuality is essential.
Duties and Responsibilities:
- Support day-to-day management of the Student Empowerment Fund, impact sleeves within ILGIF and FIRST Fund, CDFI Investment Program, and other impact-oriented programs where applicable.
- Source, evaluate, and recommend new impact-oriented investment opportunities (funds and direct investments).
- Assist in the monitoring of investment performance results and manage the selection, retention, performance monitoring, and termination of external investment managers and companies/projects for the Impact focused allocations across the Private Market Investment Portfolios, and other prospective alternative investment pools.
- Maintain robust market intelligence on impact investing trends, products, and managers relevant to program mandates.
- Maintain investment and impact performance reporting frameworks.
- Assist with coordination efforts for current investment manager tracking and impact-related reporting requirements as a part of the monitoring process, while effectively communicating with investment managers and companies.
- Maintains a comprehensive understanding of the Treasurer’s Office investment policies, relevant statutory requirements, and other pertinent operating guidelines to ensure effective analysis, reporting, and compliance.
- Coordinate timely review of quarterly, annual and special reports issued by program and investment managers to confirm the completeness and accuracy of the content, and to ensure senior management are well-positioned to assess the effectiveness of the program and investment manager performance.
- Draft educational and promotional content to support publications for external parties and implement outreach strategies, including presentations and meetings, to spread awareness of the related programs.
- Actively collaborates with Directors and Managers in the Office of the Illinois State Treasurer with responsibilities relating to externally managed investment programs.
- Performs other duties as assigned or required which are reasonably related to the duties enumerated above.
- In-depth understanding of the financial services industry and impact investing with prior portfolio analysis experience expected.
- Quantitative and qualitative analysis skills
- Ability to multi-task and prioritize effectively
- Strong written and oral communication skills
- Strong presentation skills with ability to influence and educate key stakeholders
- Strong relationship building skills
- Strong interpersonal skills with the ability to work in a team environment
- Detail-oriented
- Ability to maintain satisfactory working relationships and communicate effectively with all levels of staff and the general public
- Proficient in Microsoft Excel, Word, PowerPoint, and other standard computer programs
Bachelor’s degree in accounting/finance/economics or a related field, preferred; Master’s Degree in business/finance/economics, preferred; 2 to five (5) years’ experience in areas of financial analysis, investments, portfolio management, and/or a related field; OR any equivalent combination of experience and training that provides the required knowledge, skills and abilities to carry out the duties of the position.
Illinois State Treasurer Employee Benefits:
As a State of Illinois Employee, you will receive a robust benefit package that includes the following:
- A Pension Program
- Competitive Group Insurance Benefits including Health, Life, Dental and Vision Insurance
- Up to 4 Paid Personal Business Days annually
- 12 Paid Sick Days annually (Sick days carry over from year to year)
- 15-25 Days of Paid Vacation time annually - (15 days in year one of employment)
- 13 Paid Holidays annually, 14 on even numbered years, and 1 Floating Holiday.
- 12 Weeks Paid Parental Leave
- Deferred Compensation Program - A supplemental retirement plan
- Optional Pre-Tax Programs such as Medical Care Assistance Plan (MCAP), Dependent Care Assistance Plan (DCAP)
- Federal Public Service Loan Forgiveness Program eligibility
- Commuter Savings Program (Chicago only)
Application Process: Please visit https://illinoisstatetreasurer.applytojob.com/apply to apply by completing the online application, uploading a resume and letter of interest
Equal Employment Opportunity Employer. Applicants must be lawfully authorized to work in the United States.
Applicants are considered for all positions without regard to race, color, religion, sex, national origin, sexual orientation, age, marital or veteran status, or the presence of a non-job related medical condition or disability.