Investment Attorney

Indianapolis, IN, United States

About Us?

Indiana Public Retirement System (INPRS’) is among the largest 100 pension systems in the United States. INPRS serves the needs of approximately 473,000 members and retirees representing approximately 1,244 employers, including public universities, school corporations, public safety, municipalities and state agencies. The Indiana Public Retirement System is a public pension fund who manages approximately over $40 billion in assets, making it one of the largest in the United States. We are located in the heart of the city, in downtown Indianapolis, near the circle & across the street from our monumental state house. This position will allow a flexible (hybrid) work arrangement, but will require Indiana state residency. This position is not eligible for H-1B or any other kind of temporary or permanent sponsorship for work authorization by the Indiana Public Retirement System. Therefore, if you will require sponsorship from us for work authorization now or in the future, we cannot consider your application at this time.

Why Join?

INPRS’ believes that people are the foundation of our success. It takes people with different backgrounds, ideas, and strengths to be successful. Balance in life is important. We strive to have a flexible and supportive environment while not sacrificing service to our members. We pride ourselves by modeling a collaborative, diverse and inclusive environment for our employees. Our mission. “ As fiduciaries, educate stakeholders, collect necessary contributions, and prudently manage member assets to deliver promised defined benefit and defined contribution benefits and services”.

Your Impact?

This position is a member of the investment team which is responsible for INPRS’ multi-billion dollar investment portfolio. As a member of the Investment Legal & Stewardship Team, the Investment Attorney is responsible for due diligence on investment legal and regulatory matters with the INPRS portfolio. Additionally, the Investment Attorney will manage the work performed by external counsel. The role will collaborate and maintain relationships with a wide variety of industry specialists, third-party vendors, INPRS investment leadership, and other INPRS departments.

Essential Duties:

Negotiate and advise on legal issues that pertain to the execution of investment transaction documents, fund administration, and corporate regulatory compliance.

Counsel on real estate matters, including negotiating and drafting leases, property management matters, insurance, tax exemption filings, and addressing liability concerns.

Manage global custody arrangement to ensure securities and tax compliance in foreign jurisdictions.

Legal due diligence for alternative investments, including reviewing offering documents, completing subscription documents, negotiating side letters and MFN elections, and work with Investment Operations on anti-money laundering and “know your customer” documents.

Legal review various investment regulatory matters relating to Sudan & Terror States, AML, FINRA, CFTC

Legal review of alternative fund governance matters (i.e., LPA consents and amendments for private equity funds and hedge funds)

Periodic training to assist non-legal investment staff in issue spotting potential business, legal, compliance or risk issues.

Compliance liaison for various transactional and regulatory matters (e.g., interpretations for compliance with Investment Policy Statement, monitoring placement agent fees, etc.)

Conduct legal research, analyze legal issues and preparation of legal memoranda as may be directed by Chief Investment Officer and Investment Counsel

Carry out other legal duties as assigned by the Chief Investment Officer, Deputy Chief Investment Officer, and Investment Counsel.

Job Requirements:

Considerable skill in using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software to prepare correspondence, spreadsheets, charts, and reports.

Exceptional skill in planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced, changing environment and in completing detailed work with a high degree of accuracy.

Excellent verbal and / or written communication of complex information that is accurate, timely and based on sound judgment, and in making presentations to groups with varied levels of investment knowledge.

Excellent judgment and critical thinking skills.

Ability to establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts, and to work effectively in a professional team environment.

Ability to travel as needed in order to conduct due diligence on investment managers and monitor current managers / investments.

Experience and Qualifications:

Juris Doctor Law Degree is required.

Bachelor’s degree from an accredited four-year college or university is required.

7 or more years of professional experience is preferred with 3 to 5 of those years in corporate/securities law with exposure to alternative investment transactions.

Comprehensive Benefits Package:

Competitive compensation

Flexible Work Arrangement (3 days in-person & 2 days remote)

Healthcare coverage (medical / dental / vision)

Health savings account with employer contribution

Prescription coverage

Employer funded retirement plan (pension plan)

Deferred compensation plan (employer and/or employee contribution plan)

Flexible spending account

Work/life balance (37.5 hours weekly)

12 paid holidays; 14 during election year

Paid leave (personal, sick, vacation)

Tuition reimbursement

Professional credential reimbursement

Group life insurance

Employer-paid downtown parking

If you are interested in this position, please submit your application and resume for review. For more information about our organization, please visit our INPRS Careers Page: https://www.in.gov/inprs/careers.htm.

Equal Employment Opportunity:

The Indiana Public Retirement System (INPRS) is an Equal Opportunity Employer and is committed to recruit, select, develop, and promote employees based on individual ability and job performance. Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status. We will comply with the spirit as well as the letter of all applicable state and federal laws.

Indiana Public Retirement System has established a culture that welcomes equity, inclusion, and opportunity for all employees and applicants. We encourage you to apply if you feel you have the transferrable skills to be successful in this position and we look forward to reviewing your application.

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