FS
Florida State Board of Administration

Portfolio Manager - Private Equity

Responsibilities

The Portfolio Manager – Private Equity is responsible for sourcing new investments, conducting due diligence and monitoring the performance of assigned portfolio. The position is expected to develop and propose new investment strategies and maintain current market knowledge of private equity markets, under general oversight of the Senior Investment Officer-Private Equity and senior Private Equity staff. The Portfolio Manager – Private Equity reports to the Senior Investment Officer-Private Equity (SIO-PE).

50% - Manages Private Equity new investment process

Sources new investments for the Private Equity portfolio utilizing industry relationships with general partners, limited partners and the consultant community and presents new investment ideas to the Private Equity team for investment consideration
Conducts due diligence on new investments, including references, company analysis, performance attribution and full strategy reviews and presents findings during due diligence process to the Private Equity team for discussion
Manages the legal negotiation and closing process on new investments, coordinates the activities of internal and external counsel with general partner counsel to a successful conclusion

20% - Oversees assigned Private Equity investments and relationships

Monitors the performance of Private Equity and keeps the SIO-Private Equity and other appropriate State Board of Administration (SBA) staff advised
Maintains regular and consistent communication with external advisors and managers, including participating in annual meetings and advisory committee meetings
Maintains regular and consistent communication with internal staff for all matters related to private equity

10% - Assists with Private Equity portfolio strategy

Develops and proposes changes in investment strategy to the SIO-Private Equity
Maintains open lines of communications in private equity markets, including consultants, managers, peers and other industry professionals to develop and maintain a strong understanding of the market place and to perform as an advisor to the SIO-Private Equity
Maintains regular and consistent communication with internal SBA staff to facilitate understanding, acceptance and implementation of the Private Equity Investment Plan

05% - Develops and maintains current market knowledge of Private Equity related matters and continues professional development

Maintains familiarity with finance, legal, accounting and general business standards and trends which affect the Private Equity market and portfolio
Researches and applies market knowledge and best practices of Private Equity strategies
Attends conferences, seminars and other industry networking activities

05% - Demonstrates ability to effectively manage human resources

Complies with policies and procedures and utilizes available resources in order to recruit and hire qualified colleagues
Ensures colleagues are properly oriented to the department/unit and organization and trained to perform the essential functions of their positions
Evaluates performance of colleagues in accordance with policies and procedures and works with colleagues to develop annual specific, measurable, attainable, relevant, and time-bound (SMART) goals, to include goals for career development
Coaches, counsels and commends colleagues throughout the year related to performance of job functions and demonstrating key behaviors
Manages colleagues to ensure work is performed in a safe manner
Identifies and assesses department succession management needs, documents succession plans and develops colleague competencies for succession

05% - Develops, implements and monitors strategic plans, or works in collaboration with the senior leader over the department, to contribute to the success of the department/unit and the overall organization

Functions as a strategic business advisor to senior leaders regarding organizational strategic objectives
Develops, or assists the senior leader over the department with developing, a department strategic plan that contributes to the overall strategic objectives of the organization
Involves colleagues in the implementation of strategic objectives of the department
Ensures successful implementation/deployment of department strategic plans

05% - Performs other duties as assigned

Qualifications

A bachelor's degree from an accredited college or university in finance, mathematics, accounting, economics, statistics, business, or a related field and three years of related experience. Or any combination of education and/or experience equal to the minimum requirements.

Preferences:
Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA) or other related recognized professional designation

Knowledge, Skills and Abilities:
Knowledge of financial concepts and theories and strong background in their application
Knowledge of industry standards, policies and procedures
Knowledge of basic statistical processes and probability distributions
Ability to perform at a high level in a team environment
Ability to gather data, compile information and prepare reports
Ability to communicate effectively, both in writing and orally
Strong analytical background
Strong computer literacy with emphasis on Microsoft Excel, Word and database applications
Travels frequently to various locations throughout the United States and/or internationally. Involves work outside of normal business hours and working remotely to maintain contact with others and normal office-related duties

Hiring Range: $76,000 - $95,000

The State Board of Administration is an Equal Opportunity Employer

Successful completion of a pre-employment background check is a condition of employment with the State Board of Administration
Please mention that you come from MarketForThem when applying for this job.

Posted 2 months ago

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