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Job Opening

Posting Title: INVESTMENT OFFICER, REAL ESTATE, P3 (Temporary Job Opening)
Job Code Title: INVESTMENT OFFICER
Department/Office: United Nations Joint Staff Pension Fund
Duty Station: NEW YORK
Posting Period: 03 August 2018 - 09 August 2018
Job Opening Number: 18-Investment Management-UNJSPF-100962-J-New York (R)
Staffing Exercise N/A
United Nations Core Values: Integrity, Professionalism, Respect for Diversity
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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 (RSG) for the investment of the assets of the UNJSPF. The RSG is, in turn, assisted in this function by the Investment Management Division (IMD) of the UNJSPF. IMD manages a $65 billion multi-asset, global investment portfolio, about 85% of which is actively managed in house. Asset classes under management comprise global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber and commodities. IMD’s staff are all based in New York, but come from over 30 countries. We are seeking a highly motivated professional with experience in investing in real assets, including real estate, real estate debt, infrastructure, timberlands, and agriculture. This position is located in the Real Assets Team in IMD. The incumbent will report to the Senior Investment Officer-Real Assets.

Responsibilities

The real assets portfolio of the UNJSPF consists of over 100 investments in private open-ended and closed-ended real assets (real estate, infrastructure, agriculture and timber) funds totaling over $4 billion. Under the overall supervision of the Senior Investment Officer (SIO), the incumbent will be responsible for the following functions:

1) Assists the Senior Investment Officer (SIO) and other Investment Officers to manage and invest the assets of the Fund.

•Assists in managing and investing in Real Assets investments globally. Provides the SIO and team with analysis both in pre-investment due diligence as well as portfolio monitoring for each fund in the real assets portfolio.
•Assists in balancing long-term strategies to achieve results superior to benchmarks by constructing and monitoring the portfolio through dedicated research while complying with risk control parameters as delineated in the Investments Manual.
•Assists in appraising performance of external managers.
•Exchanges views and provides advice and guidance to colleagues within IMD with a goal of improving skills and expanding experience in order to increase motivation and promote superior performance by all staff members.
•Integrates Principles of Responsible Investments into investment analysis and monitor both internally and externally managed holdings, subject to IMD' standards of fiduciary responsibility to the Fund.

2) Conducts analysis of potential fund-level and direct real assets investments

•Uses Excel modeling to analyze and support analysis for investment recommendations
•Conducts careful and thorough investment research
•Ensures IMD maintains a high level of professional investment expertise and knowledge by reviewing published economic and investment material provided by investment brokers, banks, government sources, financial analysts, fund sponsors and other research providers.
• Collects and synthesizes research on global real assets investment markets where the Fund has investments or may add them, including infrastructure, timber and agriculture sectors.
•Participates in regular meetings/discussions with the designated investment advisors and other sources of information; participates in seminars on investment topics;

3) Under direction, makes investment recommendations
•Participates in interviews of new fund managers, assists with due diligence on new investments, as well as the process of reviewing of fund documentation, as requested.
•Prepares analyses of potential co-investment opportunities in real assets, using excel spreadsheets and employing pivot tables and charts as necessary.

4) Reporting
•Prepares reports on investment returns and strategy for review and discussion in regularly scheduled meetings, such as Private Markets Committee (PMC) and Performance Review meetings, and ensures the availability of accurate data on the Fund’s real assets investments.
•Prepares for, and attends as needed, quarterly Investments Committee meetings; participates in implementing asset class and regional allocation strategies decided upon by the Representative of the Secretary-General for the investments of the UNJSPF. Ensures that the Director of IMD and the Representative of the Secretary-General for the investments of the UNJSPF have accurate and timely reports on real assets investments and related matters for the UNJSPF Board, the Advisory Committee on Administrative and Budgetary Questions (ACABQ), the Fifth Committee and the General Assembly by producing papers on real assets investment-related subjects.
•Works with the Advisor and Master Record Keeper to synchronize financial reporting. Promotes a high standard of transparency and accountability in all respects of the management of the assets of the Fund through record keeping; coordinates production of investment data that is accurate and timely; interacts effectively with Internal and External Auditors.
•Promotes a high standard of transparency and accountability in all respects of the management of the assets of the Fund through accurate and timely record keeping.
•Performs other duties as required, in all other aspects of new and existing real assets investments.

Competencies

Professionalism:
• Demonstrated ability and sound knowledge of applied macroeconomics, investing with real estate fund managers and excel spreadsheet modeling.
• Ability to work under pressure accurately, efficiently and effectively.
• Having the highest level of integrity;
• Shows pride in work and in achievements
• Demonstrates professional competence and mastery of real assets 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 and 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: • Works collaboratively with colleagues to achieve organizational goals;
• Solicits input by genuinely valuing others’ ideas and expertise; is willing to learn from others;
• Places team agenda before personal agenda;
• Supports and acts in accordance with final group decision, even when such decisions 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 honours 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 delegated assignments;
• Takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.

Education

Advanced university degree (Master's degree or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required. A first-level university degree in combination with additional two years of qualifying experience may be accepted in lieu of the advanced university degree. Chartered Financial Analyst (CFA) designation is desirable.

Work Experience

A minimum of five (5) years of progressively responsible experience in investment analysis and/or investment management in commercial real assets markets, are required. Experience in the banking industry and with public investments in commercial real assets is desirable. Experience of co-investments and/or direct investments is desirable. Experience in collaborating with other long-term investment institutions on real assets investments is desirable. Experience in infrastructure equity and debt investments is desirable. Experience in Pension funds, Endowments, Foundations, and private real assets fund sponsors or owners is desirable.

Languages

English and French are the working languages of the United Nations Secretariat. For the post advertised, fluency in oral and written English is required. Knowledge of another UN official language is desirable.

Assessment

Evaluation of qualified candidates may include an assessment exercise which may be followed by competency-based interview.

Special Notice

DURATION: Please note that this is a temporary job opening, available for 364 days, with possibility of extension, which is subject to extension of the mandate and/or the availability of the funds. The selected candidate is expected to start as soon as possible. Any candidate from a member organization of the UNJSPF applying for this post is considered as an internal candidate provided he/she has been appointed through the appointment and promotion procedures applicable in his/her respective organization. Staff members are subject to the authority of the Secretary-General and to assignment by him or her. In this context, all staff are expected to move periodically to new functions in their careers in accordance with established rules and procedures. Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial disclosure Programme. An appointment to the Investment Management Division (IMD) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to IMD's Code of Ethics, Personal Securities, Gift and Hospitality policies.• While this temporary assignment may provide the successful applicant with an opportunity to gain new work experience, the selection for this position is for a limited period and has no bearing on the future incumbency of the post.• Subject to the funding source of the position, the eligibility for this temporary job opening may be limited to candidates based at the duty station.• This temporary job opening may be limited to "internal candidates," who have been recruited through a competitive examination administered according to staff rule 4.16 or staff selection process including the review of a central review body established according to staff rule 4.15.• Staff members of the United Nations common system organizations who will reach the mandatory age of separation or retirement within the duration of the current temporary need period are not eligible to apply. Submitting an application or selection for the current temporary job opening does not delay or increase the mandatory age of separation.• Retirees above the mandatory age of separation who wish to be considered for the current temporary job opening must indicate the reason for their last separation as "retirement." Such retirees shall not be employed by the Organization, unless (a) the operational requirements of the Organization cannot be met by staff-members who are qualified and available to perform the required functions; and (b) the proposed employment would not adversely affect the career development or redeployment opportunities of other staff members and represents both a cost-effective and operationally sound solution to meet the needs of the service.

United Nations Considerations

According to article 101, paragraph 3, of the Charter of the United Nations, the paramount consideration in the employment of the staff is the necessity of securing the highest standards of efficiency, competence, and integrity. Candidates will not be considered for employment with the United Nations if they have committed violations of international human rights law, violations of international humanitarian law, sexual exploitation or sexual abuse, or crimes other than minor traffic offences, or if there are reasonable grounds to believe that they have been involved in the commission of any of these acts. The term “sexual exploitation” means any actual or attempted abuse of a position of vulnerability, differential power, or trust, for sexual purposes, including, but not limited to, profiting monetarily, socially or politically from the sexual exploitation of another. The term “sexual abuse” means the actual or threatened physical intrusion of a sexual nature, whether by force or under unequal or coercive conditions.

Due regard will be paid to the importance of recruiting the staff on as wide a geographical basis as possible. The United Nations places no restrictions on the eligibility of men and women to participate in any capacity and under conditions of equality in its principal and subsidiary organs. The United Nations Secretariat is a non-smoking environment.

Applicants are urged to follow carefully all instructions available in the online recruitment platform, inspira. For more detailed guidance, applicants may refer to the Manual for the Applicant, which can be accessed by clicking on “Manuals” hyper-link on the upper right side of the inspira account-holder homepage.

The evaluation of applicants will be conducted on the basis of the information submitted in the application according to the evaluation criteria of the job opening and the applicable internal legislations of the United Nations including the Charter of the United Nations, resolutions of the General Assembly, the Staff Regulations and Rules, administrative issuances and guidelines. Applicants must provide complete and accurate information pertaining to their personal profile and qualifications according to the instructions provided in inspira to be considered for the current job opening. No amendment, addition, deletion, revision or modification shall be made to applications that have been submitted. Candidates under serious consideration for selection will be subject to reference checks to verify the information provided in the application.

Job openings advertised on the Careers Portal will be removed at 11:59 p.m. (New York time) on the deadline date.

No Fee

THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.

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