Website New York State Insurance Fund (NYSIF)
About New York State Insurance Fund (NYSIF)
The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original New York State Workers’ Compensation Law. The fund’s mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $22 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding. Since its inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair marketplace and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere. In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 56,000 New York employers. In 2018, NYSIF added paid family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families. NYSIF also prioritizes and champions diversity, equity, and inclusion (DEI) throughout the agency. The fund 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. This commitment helps ensure a diverse and dynamic workplace where individuals can participate fully in the decision-making process and have ample opportunities for advancement.
About this Role
The New York State Insurance Fund (NYSIF), with over $20 billion in assets under management, is seeking an experienced investments practitioner to assist its ESG Team. This role is crucial to the Investments Team, focusing on building out the ESG/Sustainable Investments strategy and managing a new portfolio of sustainable investments. The ideal candidate will play an instrumental role in leading data efforts, conducting due diligence processes, and evaluating investments that align with NYSIF’s net zero and ESG objectives. The role offers significant responsibility and exposure to best-in-class ESG investment practices within a growing and entrepreneurial culture. Reporting to the Head of ESG and Sustainable Investing, this position requires a highly quantitative and research-driven professional who thrives in a collaborative and fast-paced environment. Detailed analysis and effective communication with both internal and external stakeholders are key aspects of this position.
Responsibilities
- Lead comprehensive due diligence (investment and ESG-related) for new investments across various asset classes.
- Research and assess potential investment options available in the market and select funds that align with NYSIF’s ESG policies and strategies.
- Compare the performance, risk, and cost of various investment products and funds, making recommendations to internal and external stakeholders.
- Manage and monitor the investment portfolio performance.
- Oversee regular benchmarking of ESG performance against peers, industry trends, and best practices.
- Prepare and present reports, dashboards, and presentations on ESG research and analysis findings.
- Collaborate with internal and external stakeholders on ESG data collection, validation, and disclosure, and provide industry updates.
- Support the development and implementation of ESG policies, frameworks, and initiatives.
- Draft content for internal and external communications.
Requirements
- Bachelor’s degree in finance, economics, sustainability, or a related field (master’s degree preferred).
- Minimum of 5 – 10 years’ experience in sustainability (ESG/Impact) related research, management consulting, banking, or investing.
- Demonstrated skills in conducting qualitative and quantitative research and data analysis.
- Experience with ESG related data providers such as MSCI, Bloomberg, Sustainalytics, ISS, Aladdin etc., and/or disclosure organizations such as PRI, TCFD, SBTi, CDP.
- Very strong desire to work within the growing field of sustainable investing with a deep understanding of the ESG investing landscape.
- Excellent analytical, quantitative, and problem-solving skills.
- Excellent verbal and written communication skills.
- Proficiency in data analysis techniques and tools.
- Ability to work independently and collaboratively.
- Strong willingness to learn and openness to feedback.
Benefits
- Competitive Compensation
- Entrepreneurial Opportunity to Develop Strategy and Investments at an Asset Owner
- Future Career Growth Potential
- Open and Supportive Team-Based Environment
- Generous Vacation, Personal, and Sick Leave Accruals
- Paid State and Federal Holidays
- Full Medical, Vision, and Dental
- Retirement Options
- Possibility of Telecommuting, Flextime, and Alternative Work Schedules
