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Investment Officer (Real Estate Investments)

Employer
UNJSPF/OIM
Location
New York City, New York (US)
Salary
Grade: P4
Closing date
Mar 21, 2024

View more

Job Function
Investment Advisor/Consultant
Industry Sector
Government
Employment Type
Full Time

Job Opening: 227996

Level: P-4

Duty Station: New York, US

Deadline: Mar 24, 2024

 

Org. Setting and Reporting

The United Nations Secretary-General is responsible for the investment of the assets of the United Nations Joint Staff Pension Fund (UNJSPF). The Secretary-General has delegated this responsibility to the Representative of the Secretary-General for the investment of the assets of the UNJSPF (RSG). The RSG is, in turn, assisted in this function by the Office of Investment Management (OIM). OIM manages approximately$80+ billion multi-asset class, global investment portfolio, about 85% of which is actively managed in-house. Asset classes under management comprise of global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber and commodities. OIM’s staff are all based in New York and come from over 30 countries. For more information please visit OIM's website at https://oim.unjspf.org/.  This position is located in the Real Assets Team, within the Private Markets Team of OIM. The incumbent reports to the Senior Investment Officer, Real Assets Investments.

Responsibilities

Under the overall supervision of the Senior Investment Officer, Real Assets Investments, the incumbent will perform the following duties: 

  1. Implements investment strategy and monitors portfolios. a. Implements approved investment strategies for the strategic and tactical asset allocation and portfolio rebalancing with careful review of the market environments.  b. Monitors portfolio to achieve the performance to meet the Funds investment objectives by reviewing both portfolio and benchmark performance on a regular basis.  c. Ensures that all of the investments are in compliance with OIM's investment and policy guidelines. d. Conducts portfolio review periodically and presents in the Portfolio Review Meeting. 
  2. Conducts careful and thorough investment research. a. Performs fundamental analysis through financial statements, corporate announcements, market news and other publicly available information.  b. Reviews investment research and discuss with strategists, economists, security analysts through brokerage community and the Advisors/Research providers. c. Engages with senior members of corporate management to review their business and corporate strategies. d. Attends investment conferences and seminars to access academia and industry experts e. Conducts portfolio analysis using risk tools and analytical tools. 
  3. Makes specific investment recommendations. a. Ensures the Fund's four investments criteria: i.e. safety, profitability, liquidity, and convertibility. b. Makes specific investment recommendations to achieve optimum investment performance with careful review of the portfolio's investment objectives and risk tolerance. c. Presents and discusses investment recommendations to the Senior Investment Officer of the relevant asset class/region d. Participates in the discussions and development of investment recommendations for asset allocation for the Fund 
  4. Reporting a. Reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF and Chief Investment Officer of OIM when requested. b. Assists the Chief Investment Officer of Office of Investment Management in reporting on investment and related matters to governing bodies, including the UNJSPF Pension Board, the Fifth Committee, Board of Auditors, Office of Internal Oversight Services (OIOS) 
  5. Maintains a high level of professional investment expertise by: a. Participating in seminars and taking courses in investment topics. b. Keeping abreast of rapidly changing techniques of portfolio management and exchanging view with colleagues and members of the investment community.

Competencies

  • Professionalism: Demonstrated ability and sound knowledge of alternative investments' markets, private and public equity investment structures as well as portfolio management. Demonstrated ability and sound knowledge of applied macroeconomics, security analysis and portfolio management. Ability to work under pressure and provide accurate, efficient and effective results. Ability to utilize various portfolio management and data processing tools; such as Bloomberg and familiarity with the use of Internet applications and MS Office programmes. Shows pride in work and in achievements; demonstrates professional competence and mastery of subject matter; is conscientious and efficient in meeting commitments, observing deadlines and achieving results; is motivated by professional rather than personal concerns; shows persistence when faced with difficult problems or challenges; remains calm in stressful situations. Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.
  • Teamwork: Ability to work collaboratively with colleagues, advisers and financial professionals, to achieve organizational goals and solicit input by genuinely valuing others' ideas and expertise; place team agenda before personal agenda; support and act in accordance with final group decision, even when such decision may not entirely reflect own position; shares credit for team accomplishments and accepts joint responsibility for team shortcomings.
  • Accountability: Takes ownership of all responsibilities and honors commitments; delivers outputs for which one has responsibility within prescribed time, cost and quality standards; operates in compliance with organizational regulations and rules; supports subordinates, provides oversight and takes responsibility for delegation assignments; takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.

Education

Advanced university degree (Master's or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required. A first degree level university degree in combination with two additional years of experience in investment management may be accepted in lieu of the advanced degree.

Work Experience

A minimum of seven years of progressively responsible investment management experience in private real estate is required. Experience in co-investments/direct investments and other private markets strategies including infrastructure is desirable. Experience in pension funds, public funds, endowments, foundations or sovereign wealth funds is desirable. Experience in an investment bank, private equity firm or consultancy is desirable.

Languages

English and French are the working languages of the UN Secretariat. For this position, fluency in English is required. Knowledge of another UN official language is desirable.

 

For more information on how to apply, please follow: https://careers.un.org/jobSearchDescription/227996?language=en

 

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