Indicates whether if this vacancy posting is part of the NY HELPS Program.NY HELPNo

The agency in which the vacancy exists.AgencyInsurance Fund, State

The job title for the vacancy.TitleStructured Products Analyst

The job title for the vacancy.Occupational CategoryOther Professional Careers

The salary grade for this vacancy. Salaries are determined by salary grade and bargaining unit.Salary Grade667

The collective bargaining unit to which this vacancy is assigned.Bargaining UnitM/C - Managerial/Confidential (Unrepresented)

The minimum and maximum of the salary range for this vacancy.Salary RangeFrom $150000 to $175000 Annually

Indicates whether this job is full-time or part-time. If the job is part-time, an estimated percentage will be provided. Employment Type Full-Time

This indicates the type of job, typically permanent, temporary, or provisional. 'Provisional' means that the appointment will be temporary until the incumbent takes and passes an appropriate civil service examination. Appointment Type Permanent

Jurisdictional class is the indicator for how this job can be filled. The classified service is governed by the Civil Service Commission, and consists of competitive, non-competitive, exempt, and labor classes. 'Competitive class' indicates that the applicant must take and pass an appropriate civil service examination. 'Non-competitive class' indicates that the applicant's qualifications will be evaluated without a civil service examination. 'Exempt class' indicates that the applicant will be evaluated by methods other than competitive or non-competitive, and that incumbents will not be granted tenure. 'Labor class' requires that applicants possess skills or other physical characteristics that cannot effectively be evaluated by other means. The unclassified service is legislatively defined, and includes such positions as elected officials, department and agency heads, and all academic personnel in public schools, colleges, and universities. Jurisdictional Class Competitive Class

Estimates the percentage of time incumbents of this vacancy will be required to travel. Travel Percentage 5%

This provides information on the expected workweek. Workweek Mon-Fri

The number of hours in the workweek, typically 37.5 or 40 for full time, or any other number for part time.Hours Per Week 37.50

Workday

The start time for this vacancy. If the agency employs flextime, this will be the earliest time this vacancy's shift can start. From 9 AM

The end time for this vacancy. If the agency employs flextime, this will be the latest time this vacancy's shift can end. To 5 PM

If checked, the agency allows flextime. Flextime allowed? No

If checked, this vacancy includes mandatory overtime. Mandatory overtime? No

If checked, this agency allows compressed workweek scheduling. Compressed workweek allowed? No

If checked, this agency allows telecommuting for this position. Telecommuting allowed? Yes

The county in which the vacancy is located. County New York

The street address where the vacancy is located. Street Address 199 Church Street

The city where the vacancy is located. City New York

The state where the vacancy is located (the default is New York). StateNY

The zip code where the vacancy is located. Zip Code10007

The duties that the incumbent of the vacancy will be expected to perform. Duties Description Responsibilities include, but are not limited to:
• Evaluate and analyze credit and structures for Commercial Mortgage Backed Securities (CMBS), Asset Backed Securities (ABS), Residential Mortgage Backed Securities (RMBS), and Collateralized Loan Obligations (CLO) using internal and industry tools
• Perform ongoing due diligence and surveillance of structured portfolio positions and communicating updates in a timely fashion
• Produce and assist with written reports, including structured product evaluations and quarterly updates, credit memos, and sector reviews
• Research and analyze collateral and structures, analyze loan details and issuer information on new issue Commercial Mortgage Backed Security (CMBS), Residential Mortgage Backed Security (RMBS), Asset Backed Security (ABS), and Collateralized Loan Obligations (CLO)
• Utilize vender-based research to reflect changes in structured product modeling assumptions
• Provide fundamental and relative value research to generate structured product-driven investment ideas and strategies to enhance portfolio returns and mitigate risk
• Maintain relationships with sell-side strategists and Rating Agencies to achieve the best ideas within structured products
• Assist Structured Product team with ad-hoc analysis and required tasks
• Performs other duties and responsibilities as assigned by management
• The candidate must demonstrate strong written and oral communication skills and pay close attention to details
• The candidate should be experienced in using standard evaluation tools such as Intex Calc, Trepp, Bloomberg, Yieldbook, and should have data mining programming skills

The minimum qualifications required for this vacancy. Minimum Qualifications Basic Qualifications:
• Bachelor’s degree with seven (7) to ten (10) years of experience in structured product credit analysis
• Programming skills, including data mining programming
• Preference may be given to candidates who have obtained their MBA or Chartered Financial Analyst (CFA) credential

Preferred Qualifications:
• Experienced in using standard evaluation tools such as Intex Calc, Trepp, Bloomberg, Yieldbook
• Programming skills, including data mining programming
• Strong communication skills and pay close attention to details
• Strong technical skills and intellectual curiosity

Additional comments regarding the vacancy. Additional Comments Salary will be commensurate with experience.

For new State employees appointed to graded positions, the annual salary is the hiring rate (beginning of the Salary Range) of the position. Promotion salaries are calculated by the NYS Office of the State Comptroller in accordance with NYS Civil Service Law, OSC Payroll rules and regulations and negotiated union contracts.

Fringe Benefits:
• Competitive Compensation.
• Future Career Growth Potential.
• Open and Supportive Team-Based Environment.
• Plentiful Vacation, Personal, and Sick Leave Accruals.
• Paid State and Federal Holidays.
• Full Medical, Vision, and Dental.
• Retirement Options.
• Public Student Loan Forgiveness (PSLF).
• Possibility of Telecommuting, Flextime, and Alternative Work Schedules.

NYSIF Commitment to Diversity, Equity, and Inclusion
The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF 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. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.

Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. If you are a person with a disability and wish to request that a reasonable accommodation be provided for you to participate in a job interview, please send an email to NYSIF’s Reasonable Accommodations mailbox at ra@nysif.com.

Some positions may require additional credentials or a background check to verify your identity.

The name of the contact person for this vacancy. Name HR Executive Recruitment

The telephone number to use for questions about this vacancy. Telephone

The fax to use for this vacancy. Fax 518-437-1618

Email address for emailing applications, or to ask questions about this vacancy. Email Address hrexec@nysif.com

Address

The street address of the contact for this vacancy. Street PO Box 66699

The city for the contact for this vacancy. City Albany

The state of the contact for this vacancy (the default is New York). State NY

The zip code for the contact for this vacancy. Zip Code 12206

Instructions for potential applicants.Notes on ApplyingPlease email your resume and cover letter to hrexec@nysif.com. Your cover letter must outline your experience for this position and clearly indicate whether each of the basic qualifications are met. Submissions without a cover letter will not be accepted.