NEW YORK STATE
Department of Civil Service Announces
Examinations Open to All Qualified Individuals

NEW ON-LINE APPLICATION PROCESS: The New York State Department of Civil Service now offers the opportunity to apply for this open-competitive examination via the internet
(see How to Apply below).

THE LIST RESULTING FROM THIS EXAMINATION WILL BE USED
FOR VACANCIES IN THE ALBANY AREA ONLY.

MINIMUM QUALIFICATIONS: On or before April 17, 2006, you must have a bachelor's degree including or supplemented by 30 semester credit hours in any one, but no more than two, of the following areas: accounting, economics, finance, investments, mathematics or statistics.

You must submit a transcript or course listing demonstrating that you have successfully completed the required 30 semester credit hours, including the grade and credit hours received for each course. You must identify your qualifying courses on the transcript. If applying by OC-APP application form, you must attach the transcript or course listing to the application. If applying online, you must include course information in the space provided.

If you expect to meet the education requirements by June 30, 2006, you can apply for this examination but you cannot be considered for appointment until you submit proof of successful completion of the educational requirement to the New York State Department of Civil Service.

THE POSITIONS: These positions exist in the New York State Teachers' Retirement System in Albany, NewYork.

These positions are two-year traineeships. Appointments begin at entry-level Teachers' Retirement System Investment Officer Trainee 1 and advance, without further examination, to Teachers' Retirement System Investment Officer Trainee 2 (current salary $42,140) upon successful completion of the first year. Upon successful completion of the second year of the traineeship, you will advance to the full performance-level Teachers' Retirement System Investment Officer 1, SG-18 (current salary $47,135), with further advancement opportunities through performance raises and promotion opportunities.

Advanced Placement: If appointed, you will enter a two-year traineeship leading to a full performance-level title. However, if beyond meeting the minimum qualifications, you have an additional 12 semester credit hours in the same one or two areas for which you met the minimum qualifications or one year of relevant full‑time experience, you will be appointed to the Trainee 2 level, reducing the traineeship by one year. You must inform the New York State Teachers' Retirement System of this education or experience at the time of interview. Relevant experience is:

• Commercial real estate investing (investment acquisitions or asset management) or commercial mortgage lending, specifically involving the financing, investing in, leasing of, or asset management of large commercial real estate assets (generally properties worth $10 million or more);
• Investment-related duties reflecting a fundamental knowledge of the financial markets and an understanding of the economic forces that impact the financial markets, or analysis of financial or economic data.

Specifically excluded are activities applicable to small commercial properties (e.g., 2- to 4-family homes), the sale or brokerage of single-family homes, or experience marketing or selling financial service products to individuals, as performed by financial advisors and stockbrokers.

DUTIES: Teachers' Retirement System Investment Officer traineeships exist in the Investments and Real Estate Departments. In Investments, the traineeship will include assisting higher level staff in the analysis and management of NYSTRS investments through duties such as: (1) assisting with trading domestic stocks and bonds and “due diligence,” selection and monitoring of private equity investments; (2) learning the use of quantitative tools and investment software to maximize the return of internally managed investment portfolios; (3) assisting with credit analysis of fixed income securities and monitoring externally managed portfolios; (4) assisting in preparation of detailed analysis of investment offerings, maintenance/development of statistical data, and preparation of correspondence and documents in connection with purchases and sales of investments.

In Real Estate, duties during the traineeship may include: (1) assisting with analyzing and underwriting large commercial real estate transactions for potential acquisition; (2) assisting in evaluating requests for financing commercial real estate assets across the U.S.; (3) assisting with performing site inspections, conducting market assessments, modeling investment performance, reviewing leases/appraisals/engineering and environmental reports, and conducting other “due diligence” work as necessary; (4) participating in the preparation of the closing legal documents.

SUBJECT OF EXAMINATION: There will be no written test. The test will consist of an evaluation of your education and experience. When you apply, you must provide complete information to show that you meet the minimum qualifications. Do NOT send resumes. Additional unsolicited information will not be accepted after the last date for filing.

If you meet the Minimum Qualifications, you will be sent a supplemental questionnaire to complete and return. The questionnaire will be used to evaluate your education and experience in the following areas:

• Academic Performance
• Pre-graduate Work/Internship Experience in a Related Field
• Community, Campus, Intercollegiate Athletics, or Professional Activities/Organizations

This questionnaire will be used to evaluate your education and experience against the general background/critical activities of the position. This questionnaire will be the only basis for rating your education and experience.

Your final score must be 70 or higher in order to pass. Rank on the eligible list will be determined after adding any wartime veterans' and Civil Service Law Section85-a credits to your final passing score.

NOTES:

1. Appropriate part-time and volunteer experience, which can be verified, will be accepted on a prorated basis.
2. New York State residence is not required.
3. Your degree and/or college credit must have been awarded by a regionally accredited college or university or one recognized by the NYSEducation Department as following acceptable educational practices. If your degree and/or college credit was awarded by an educational institution outside the UnitedStates and its territories, you must provide independent verification of equivalency. You can write to the Examination Information Desk of the Department of CivilService for a list of acceptable companies who provide this service.This information is also available here.You must pay the required evaluation fee.

ADDITIONAL INFORMATION

NEW YORK STATE IS AN EQUAL OPPORTUNITY EMPLOYER: It is the policy of the State of New York to provide for and promote equal opportunity in employment, compensation and other terms and conditions of employment without discrimination on the basis of age, race, color, religion, disability, national origin, gender, sexual orientation, marital status, or arrest and/or criminal conviction record unless based upon a bona fide occupational qualification or other exception.

REASONABLE ACCOMMODATIONS IN TESTING: In addition, it is the policy of the Department of Civil Service, in accordance with the New York State Human Rights Law and the Americans with Disabilities Act, to provide qualified persons with disabilities equal employment opportunity and equal opportunity to participate in and receive the benefits, services, programs, and activities of the Department. It is the policy of the Department to provide such persons reasonable accommodations and reasonable modifications as are necessary to enjoy equal opportunity. Persons with disabilities who require an accommodation to participate in an examination must note this on their applications. Further information is available from the Special Arrangements Unit of the Department of Civil Service at (518) 457-3416 or TDD (telecommunications device for the deaf) (518) 457-8480.

S5/PMC-dmb
Issued: 2/10/06