The bureau responsible for managing the $248 billion New York City Retirement Systems has opened a search for a pair of senior investment officers to help manage the private equity portfolio.
The two officers would work on a private equity portfolio valued at $23.5 billion as of March 31. They would be supervised by Eneasz Kadziela, deputy chief investment officer and head of private equity, according to the job posting.
Along with the two senior investment positions, the city’s Bureau of Asset Management is advertising for a private equity investment officer, private equity senior investment analyst, an infrastructure investment officer, and an alternative credit investment officer.
Compensation: The senior investment officer positions pay a salary of $160,000 to $175000. And if Kadziela’s own career is any indication, they offer room for advancement. Kadziela joined the Bureau of Asset Management, under the direction of New York City Comptroller Brad Lander, as an investment officer in 2015. He advanced to senior investment officer in 2017, to head of private equity in 2021, and to deputy CIO and head of private equity in 2022.
Responsibilities: As senior investment officer you would identify and evaluate investment opportunities; present recommendations to the board of trustees; negotiate partnership terms and conditions; and monitor relationships with fund managers.
Qualifications: You’ll need a Master’s degree in business, economics, finance, accounting or related field and at least four years of “progressively responsible experience” at a financial services organization; or a bachelor’s degree and at least six years of relevant experience. A professional certification such as a CFA or CAIA is preferred.
The five New York City Retirement Systems are New York City Board of Education Retirement System, New York City Employees’ Retirement System, New York City Fire Pension Fund, New York City Police Pension Fund and Teachers’ Retirement System of the City of New York.
We were unable to reach the press office of the New York City comptroller’s office for comment by press-time.
Correction: To qualify for these positions you’ll need a Master’s degree in business, economics, finance, accounting or related field and at least four years of “progressively responsible experience” at a financial services organization; or a bachelor’s degree and at least six years of relevant experience. The original version of this article left out the second option.