Associate Investment Manager Portfolio Strategy

Public Employees Retirement System
JC-421660 -
JC-421660 -

Associate Investment Manager – Portfolio Strategy
ASSOCIATE INVESTMENT MANAGER,PUBLIC EMPLOYEES` RETIREMENT SYSTEM
Final Filing Date: Until Filled
Application Methods:

Electronic (Using your CalCareer Account)

By Mail

Drop-off
In addition to completing your online job application, the hiring manager is requesting that you complete aStatement of Qualifications (SOQ) for review. Please see the Special Requirements section for instructions.

Our Total Fund Portfolio Management (TFPM) group is currently seeking an Associate Investment Manager to provide a high level of decision-making authority in the areas of strategy development and portfolio structuring and drive our CalPERS mission.

Duties include, but are not limited to:
Manage and ensure the generation and/or delivery of model-driven asset allocation strategies, coordinating with various staff, external research consultants, data vendors, and benchmark providers. Review model output, manage adherence with compliance requirements and risk exposures, and oversee the communication between all stakeholders, culminating with internal implementation.
Act as a subject matter expert in private asset class research and allocation-related processes within the TFPM or at the Total Fund level. Provide in-depth analysis of private company fundamentals, investment alternatives, and industry competitiveness. Enhance and automate Private Equity LBO/Growth Equity/VC/Real Assets/Infrastructure returns and risk forecasting frameworks and tools to support private asset strategies.
Job Description and Duties

In addition to completing your online job application, the hiring manager is requesting that you complete aStatement of Qualifications (SOQ) for review. Please see the Special Requirements section for instructions.

Our Total Fund Portfolio Management (TFPM) group is currently seeking an Associate Investment Manager to provide a high level of decision-making authority in the areas of strategy development and portfolio structuring and drive our CalPERS mission.

Duties include, but are not limited to:
Manage and ensure the generation and/or delivery of model-driven asset allocation strategies, coordinating with various staff, external research consultants, data vendors, and benchmark providers. Review model output, manage adherence with compliance requirements and risk exposures, and oversee the communication between all stakeholders, culminating with internal implementation.
Act as a subject matter expert in private asset class research and allocation-related processes within the TFPM or at the Total Fund level. Provide in-depth analysis of private company fundamentals, investment alternatives, and industry competitiveness. Enhance and automate Private Equity LBO/Growth Equity/VC/Real Assets/Infrastructure returns and risk forecasting frameworks and tools to support private asset strategies.
Telework Information:

Thisposition is eligible for a hybrid work schedule,with up to two days of remote work and three days or more onsite, per week.

How did you hear about this position? Tell us in this brief survey . You will find additional information about the job in the

Duty Statement

.
Minimum Requirements

You will find the Minimum Requirements in the Class Specification.

ASSOCIATE INVESTMENT MANAGER,PUBLIC EMPLOYEES` RETIREMENT SYSTEM

Classification:
ASSOCIATE INVESTMENT MANAGER,PUBLIC EMPLOYEES` RETIREMENT SYSTEM

$10,437.50 - $17,395.83

This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0-60% of salary and is based on the level of achievement against several quantitative and qualitative measures. The long-term incentive program provides an additional opportunity of 40-60% of base salary beginning after five years and when absolute total fund returns meet or exceed board-approved thresholds.
# of Positions:
1
Work Location:
Telework:
Hybrid
Job Type:
Permanent, Full Time
Department Information

California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $492.77billion as of March 8, 2024. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Vision

and their decisions and actions are guided by our Investment Beliefs .

If you are interested in becoming part of a diverse and inclusive workforce where talent, experience, and expertise are valued, CalPERS invites you to apply for this employment opportunity. To find out more about our Diversity, Equity, and Inclusion efforts, visit our website !

To take a look at CalPERS as a destination employer, view this YouTube video .
Special Requirements

Statement of Qualifications

Please provide a Statement of Qualifications (SOQ) for the hiring manager’s review. Applications received without an SOQ or those that do not respond to the specific questionsbelow

will not

be considered.The SOQ must be typed, titled “Statement of Qualifications”, and each questionmust be numbered and answered listing all relevant experience, education, and training, including places of employment, dates, and duties performed. The SOQ must not exceed two pages in length and must not have font smaller than 11 point.

Describe your background as it relates to the position’s Duty Statement.
Describe a project you've led that relates directly to the responsibilities outlined in the duty statement.
Describe your experience creating presentations and presenting to your peers and team leaders.
Minimum Qualifications

All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position. The Classification Specification is located on this Job Posting under "Minimum Requirements."

Please Note: You may need to pass an examination to establish list eligibility prior to any type of job offer. To find and take an exam, visit the CalHR’s CalCareers website .
Application Instructions

Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.
Final Filing Date:

Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.
Final Filing Date: Until Filled

Who May Apply
Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility (please attach your letter, if available). SROA and Surplus candidates are given priority; therefore, individuals with other eligibility may be considered in the event no SROA or Surplus candidates apply.

Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process.

Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).

How To Apply
Complete Application Packages (including your Examination/Employment Application (STD 678) and applicable or required documents) must be submitted to apply for this Job Posting. Application Packages may be submitted electronically through your CalCareer Account at www.CalCareers.ca.gov. When submitting your application in hard copy, a completed copy of the Application Package listing must be included.If you choose to not apply electronically, a hard copy application package may be submitted through an alternative method listed below:
Address for Mailing Application Packages
You may submit your application and any applicable or required documents to:
Public Employees Retirement System

Attn: JC-421660/TV

Human Resources Division, Recruitment

P. O. Box 942718

Sacramento , CA

94229-2718

Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
Public Employees Retirement System

HRSD, EIR JC-421660/TV

400 Q Street, Lincoln Plaza North

1st floor drop box by security desk

Sacramento , CA

95811

08:00 AM - 05:00 PM

Required Application Package Documents
The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:
Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at www.CalCareers.ca.gov.All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
Resume is optional. It may be included, but is not required.

Application Instructions

Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.
Final Filing Date: Until Filled

Who May Apply
Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility (please attach your letter, if available). SROA and Surplus candidates are given priority; therefore, individuals with other eligibility may be considered in the event no SROA or Surplus candidates apply.

Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process.

Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).

How To Apply
Complete Application Packages (including your Examination/Employment Application (STD 678) and applicable or required documents) must be submitted to apply for this Job Posting. Application Packages may be submitted electronically through your CalCareer Account at www.CalCareers.ca.gov. When submitting your application in hard copy, a completed copy of the Application Package listing must be included.If you choose to not apply electronically, a hard copy application package may be submitted through an alternative method listed below:
Address for Mailing Application Packages
You may submit your application and any applicable or required documents to:
Public Employees Retirement System

Attn: JC-421660/TV

Human Resources Division, Recruitment

P. O. Box 942718

Sacramento , CA

94229-2718

Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
Public Employees Retirement System

HRSD, EIR JC-421660/TV

400 Q Street, Lincoln Plaza North

1st floor drop box by security desk

Sacramento , CA

95811

08:00 AM - 05:00 PM

Required Application Package Documents
The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:
Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at www.CalCareers.ca.gov.All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
Resume is optional. It may be included, but is not required.
Applicants requiring reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview. Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.

Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:
Experience with computer programming (i.e., Python, Matlab, C++, Java, R, VBA, and/or SQL).
Experience with institutional investment management.
Experience with private and public equities, fixed income and/or private credits, real, and liquid assets.
CalPERS team members are eligible for a number of benefits. Health benefits and leave programs are available for most team members. Benefit eligibility may depend on length of service and collective bargaining agreements.

Some added benefits CalPERS offers include:

Alternate Work Schedules
Flexible Work Hours
Onsite childcare facility
Onsite fitness center
Onsite café and nearby restaurants
For more details about employee benefits, visit the California Department of Human Resources

website.

The Human Resources Contact is available to answer questions regarding the position or application process.
Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled.You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s)to the Department's EEO Office.
Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled.You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s)to the Department's EEO Office.
EEO Contact:
CalPERS EEO
(916) 795-3675
[email protected]
California Relay Service: 1-800-735-2929 (TTY), 1-800-735-2922 (Voice)TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.
Additional Information

Live Scan
Candidates not currently employed at CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.

CalPERS Disclosure Requirements
If employed, you may be subject to rules imposed by Personal Trading Regulations

and Conflict of Interest Code

that apply to CalPERS team members, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700)

Sponsorship
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for a visa sponsorship now or in the future.

Background Investigation
In addition to Live Scan, this position requires additional background screening prior to employment.

Surety Bond
Must be able to qualify for a Surety Bond.

Please do not include any confidential information on any documents in your application package.

Confidential information that should be excluded or removed from these documents include, but is not limited to, your social security number, date of birth, marital status, personal photos, a copy of your driver’s license, equal employment opportunity data, examination scores, and LEAP status.
Equal Opportunity Employer

The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.
It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.

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