Special Notice The United Nations Joint Staff Pension Fund (UNJSPF) is an independent inter-agency body established by the United Nations General Assembly. The applicable human resources procedures are governed by a Memorandum of Understanding (MoU) between the Fund and the UN Secretariat. 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.
Org. Setting And Reporting This position is located in the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF). IMD is responsible for the day-to-day management of the investments of the Fund. The incumbent reports directly to the Senior Investment Officer- Real Estate who is responsible for managing the Real Estate portfolio.
Responsibilities The real assets portfolio of the UNJSPF consists of 80 investments in private open-ended and closed-ended real assets (real estate, infrastructure, agriculture and timber) funds totaling nearly $3 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) to manage and invest the assets of the Fund.
Assists managing and investing in Real Assets investments globally. Provides the SIO with analysis both in pre-investment due diligence as well as portfolio monitoring for each fund in the real asset 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 monitors both internally and externally managed holdings, subject to IMD's standards of fiduciary responsibility to the Fund.
2) Conducts analysis of potential fund-level and direct real estate investments.
Uses Excel modeling to analyze and support analysis for investment recommendations
Uses pivot tables as part of data analysis and presentation
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 asset 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) Makes specific 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.
Prepares reports on investment returns and strategy for review and discussion in regularly scheduled meetings, such as, Investments Committee and Portfolio Review meetings, and ensures the availability of accurate data on the Fund's real asset investments.
Attends 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 asset 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 asset 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 aspects 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.
Must be able to travel domestically and internationally at least monthly.
Performs other duties as required, in all other aspects of new and existing real asset investments.
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.
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.
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 degree) in Business Administration (MBA), Finance, Economics or related field is required. A first-level university degree in combination with an 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 estate markets, are required. Experience with public investments in commercial real asset is desirable. Experience in Pension funds, Endowments, Foundations, and private real asset 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.
United Nations Considerations Candidates will be required to meet the requirements of Article 101, paragraph 3, of the Charter as well as the requirements of the position. The United Nations is committed to the highest standards of efficiency, competence and integrity for all its human resources, including but not limited to respect for international human rights and humanitarian law. Candidates may be subject to screening against these standards, including but not limited to whether they have committed, or are alleged to have committed criminal offences and/or violations of international human rights law and international humanitarian law.
The United Nations shall place 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. (Charter of the United Nations - Chapter 3, article 8). The United Nations Secretariat is a non-smoking environment.
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