Title: Senior Investment Officer - Private Equity (Hybrid Work Schedule)

State Role Title: Investment Analyst II

Hiring Range: $125,269-$190,000 (commensurate with experience and specific job series)

Pay Band: UG

Agency: Virginia Retirement System

Location: Richmond, VA

Agency Website: varetire.org

Recruitment Type: General Public - G

Job Duties

Virginia Retirement System (VRS) is seeking a Senior Investment Officer – Private Equity (Partnerships and Co-Investments), to join the Private Assets team, one of three investment units, working alongside Public Assets and Portfolio Solutions Group. The Private Equity team plays a crucial role in helping VRS achieve the Fund’s actuarial return target. The private equity portfolio is composed of both partnership investments and direct co-investments. This role is essential in realizing VRS’ mission of securing the financial future of public sector employees.

• Support the Program Director and Senior Investment Professionals with management and oversight of the Private Equity investment portfolio.
• Work with the Private Equity team to perform due diligence tasks such as performance analysis, risk assessment, financial modeling and research.
• Identify, evaluate, and recommend private equity investment opportunities.
• Provide decision-making support for senior team members, both in the private equity partnership portfolio and the private equity co-investment portfolio.
• Responsible for special projects relating to the overall VRS portfolio.
• Continue education and training for the continued development of related knowledge and skills.

Minimum Qualifications

• 5 years of experience in private equity assets
• Advanced capabilities in Excel, PowerPoint, and Word
• Process mindset and interest in solving complex problems
• Ability to work well across various investments and investment support groups, and support a collaborative environment
• Demonstrates intellectual curiosity, and strong analytical and problem-solving skills
• Strong work ethic, attention to detail, team orientation, and commitment to excellence
• Excellent verbal and written communication skills

Additional Considerations

• 8 years of experience in private equity assets, preferred
• MBA and/or CFA, preferred

Special Instructions

You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.

VRS is unable to provide sponsorship for this position.

This position follows the VRS hybrid work model which currently requires three days onsite and two days remote; the selected candidate must be able to work in the office any day of the week as required by the manager. Summer schedule: currently allows two days onsite and three days remote.

Investment due diligence performed on external investment managers and other related entities will include both on-site and virtual visits; therefore, out-of-state travel is expected.

**Disclaimer: Applications of individuals who have applied for this position may be considered for vacant positions in a lower job series if the qualifications for the vacant position are met.**

Contact Information

Name: Human Resources

Email: careers@varetire.org

In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.

Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.