NY HELP No Agency Insurance Fund, State Title Private Credit Portfolio Manager Occupational Category Other Professional Careers Salary Grade NS Bargaining Unit M/C - Managerial/Confidential (Unrepresented) Salary Range From $270000 to $300000 Annually Employment Type Full-Time Appointment Type Permanent Jurisdictional Class Exempt Class Travel Percentage 5% Workweek Mon-Fri Hours Per Week 37.50 Workday From 9 AM To 5 PM Flextime allowed? No Mandatory overtime? No Compressed workweek allowed? No Telecommuting allowed? Yes County New York Street Address 199 Church Street City New York State NY Zip Code 10007 Duties Description Description:The New York State Insurance Fund (NYSIF), with over $20 billion of assets under management, is seeking an experienced private credit investment professional to lead and manage private credit-related investments in its growing internally-managed private markets portfolio. This role will play a pivotal role in shaping NYSIF’s investment strategy by spearheading private credit initiatives, leveraging your expertise in alternative assets, and fostering strong relationships within the investment community. The Private Credit Portfolio Manager will report to the Head of Private Markets. Salary will be commensurate with experience.Responsibilities include, but are not limited to:Leadership• Lead and mentor the private credit team, providing guidance, training, and development to junior staff members.• Shape the private credit strategy by driving new initiatives and establishing NYSIF as a key player in the alternative investment community.• Collaborate with cross-functional teams (legal, accounting, ESG, custodial, etc.) to ensure seamless execution of investment transactions.• Support senior leadership on strategic projects, including asset allocation and market studies.Investment Sourcing and Diligence• Lead the sourcing and evaluation of private credit funds and co-investments, including senior debt, mezzanine, asset-based lending (ABL), specialty credit, and opportunistic strategies.• Conduct rigorous due diligence on potential investments, preparing and presenting comprehensive written recommendations to key stakeholders.• Manage procurement processes to identify and select high-quality external managers.Portfolio Development and Management• Develop and refine the framework for evaluating investment opportunities and constructing a well-diversified private credit portfolio.• Monitor portfolio performance and risk management through proactive engagement with general partners and utilizing third-party data management tools to generate quarterly updates.• Contribute to the broader private markets portfolio, including private equity and real assets.• Forecast capital flows to achieve strategic allocation targets and pacing plans.Relationship Management• Foster and maintain strong relationships with external consultants, existing managers, and internal stakeholders.• Act as NYSIF’s ambassador within the alternative investment community, cultivating a robust network to source future investment opportunities. Minimum Qualifications Basic Qualifications:• At least ten (10) years of experience evaluating private market assets, specifically private credit – with experience evaluating private equity and real assets a plus• A minimum of five (5) years of experience sourcing and vetting primary and/or secondary private credit related comingled fund opportunities• Proven track record of successful investment performance in alternative asset classes• Strong network within the alternative investment community• Excellent leadership and team management abilities• High level of integrity and ethical standards in investment practices• Advanced financial analysis and modelling skills• Preference may be given to candidates who have obtained their MBA, Chartered Financial Analyst (CFA), or Chartered Alternative Investment Analyst (CAIA) credentialPreferred Qualifications:• Strong analytical and quantitative skills, with ability to interpret complex financial data• Strong communication skills and attention to detail Additional Comments For new State employees appointed to graded positions, the annual salary is the hiring rate (beginning of the Salary Range) of the position. Promotion salaries are calculated by the NYS Office of the State Comptroller in accordance with NYS Civil Service Law, OSC Payroll rules and regulations and negotiated union contracts.Fringe Benefits: • Competitive Compensation.• Future Career Growth Potential. • Open and Supportive Team-Based Environment.• Plentiful Vacation, Personal, and Sick Leave Accruals. • Paid State and Federal Holidays.• Full Medical, Vision, and Dental. • Retirement Options. • Public Student Loan Forgiveness (PSLF).• Possibility of Telecommuting.NYSIF Commitment to Diversity, Equity, and InclusionThe New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. If you are a person with a disability and wish to request that a reasonable accommodation be provided for you to participate in a job interview, please send an email to NYSIF’s Reasonable Accommodations mailbox at ra@nysif.com. Some positions may require additional credentials or a background check to verify your identity. Name HR Exec Telephone Fax 518-437-1618 Email Address hrexec@nysif.com Address Street PO Box 66699 City Albany State NY Zip Code 12206 Notes on Applying Please email cover letter and resume to hrexec@nysif.com.