Treasurer guides the overall direction, coordination, and operation of the organization's treasury department. Develops the strategic vision and direction for the treasury function. Being a Treasurer directs and manages treasury activities of an organization including financial forecasting and mitigating risk. Ensures financial transactions, policies, and procedures fulfill the organization's objectives, needs, and regulatory body requirements. Additionally, Treasurer is responsible for the corporate banking, credit, and investment functions. Requires a bachelor's degree. Typically reports to top management. The Treasurer manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Treasurer typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Overview:
The State of Connecticut Office of the State Treasurer is accepting applications for the position of Senior Investment Associate – Private Markets with a primary focus on private equity and private credit investments.
Under the leadership of Connecticut’s State Treasurer, Erick Russell, the Office of the Treasurer is dedicated to safeguarding the state’s financial resources and taxpayers’ dollars while maximizing returns, minimizing risks, and operating at the highest professional and ethical standards. Through investments and disbursements, the Office of the Treasurer continues to enhance the State’s fiscal stability, financial literacy, college savings, and its approach to leveraging business partnerships and corporate governance policies to address social issues that impact shareholder value.
The Pension Funds Management Division (PFM) assists the State Treasurer, as principal fiduciary, in executing the investment programs of the Connecticut Retirement Plans and Trust Funds (CRPTF), which consists of six State Pension Funds and ten State Trust Funds. We are recruiting a Senior Investment Associate to assist the PFM in managing the investment and operational objectives of the private equity and private credit asset classes.
This is a full-time (40 hours per week, Monday - Friday), unclassified position and is appointed in accordance with Section 3-13a of the General Statutes. of the Connecticut General Statutes. The Senior Investment Associate – Private Markets will work at our location in Hartford, CT.
THE ROLE:
Under the direction of the Principal Investment Officer – Private Equity/Private Credit and their team, the Senior Investment Associate assists in the management of private market investments in adherence with all aspects of the Investment Policy Statement. Private market classes include, but are not limited to real estate, private equity, and alternative strategies. While the Senior Investment Associate – Private Markets will have exposure to all private asset classes, it is expected that the position will be primarily focused on the CRPTF’s private credit and private equity investment activities.
ABOUT THE PENSION FUNDS MANAGEMENT DIVISION
The Pension Funds Management Division executes the investment programs of the Connecticut Retirement Plans and Trust Funds, which consists of six State Pension Funds and ten State Trust Funds. As the principal fiduciary of the CRPTF, State Treasurer Erick Russell is responsible for managing the invested assets for approximately 212,000 state and municipal employees, teachers, retirees, and survivorships who are pension plan participants and beneficiaries as well as for trust funds that support academic programs, grants, and initiatives throughout the State.
NATURE OF WORK
With direction from the Principal Investment Officer - Private Equity/Private Credit and their team, this position will assist with the administration and operations of the Private Markets asset classes of the CRPTF, specifically, private equity and private credit.
EXAMPLES OF DUTIES
Knowledge, Skills, and Abilities
Strong candidates for the Senior Investment Associate position will possess the following:
MINIMUM QUALIFICATIONS
AND
To Apply
NOTE: Selection for employment is contingent upon the satisfactory completion of reference checks.
This position is an appointed position that serves at the pleasure of the Treasurer. This position is in the unclassified service and is not covered by the terms of a collective bargaining agreement.
AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER
The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.