The Alaska Permanent Fund Corporation (“APFC”) manages the ~$80 billion Alaska Permanent Fund, a sovereign endowment established in 1976 to …
The CalSTRS Investments Branch is seeking a motivated individual to work as an Investment Officer II on the Private Equity team.
Established in 1988, CalSTRS Private Equity program invests globally in partnerships, separate accounts, general partner interests, secondary interests and co-investments. Investments include buyouts, equity expansion, debt-related and venture capital. External advisors support the program by providing investment selection advice, research and gate-keeping services.
Private Equity is a fast-paced, team-oriented environment with opportunities for training and advancement. While collaborating with some of the best general partners, advisors, consultants and attorneys, you will contribute to the success of one of the largest Private Equity programs in the world. Team members will collaborate with the broader CalSTRS Investment Office leaders and engage in projects ranging from evaluation of co-investments, secondary transactions, and other private equity investment strategies.
Come join the Private Equity team as we work toward our goal of enhancing equity returns and ultimately ensuring retirement benefits for California’s educators!
Responsibilities of the Investment Officer II include:
Reviewing, analyzing, and evaluating offering memoranda and other due diligence documents from a variety of domestic and international partnerships to be included in the private equity portfolio.
Analyzing quarterly and annual financial reports submitted by each of the general partners leading to the reconciliation of each partnership’s cost basis and market value with the master custodian and the private equity advisor.
Reviewing, evaluating, and recommending to the Director of Private Equity secondary purchases of domestic and international partnership interest including a complete pricing analysis.
Assisting in the design, development and effectuation of procedures and guidelines to manage the Private Equity portfolio consistent with the investment strategies, existing policy and procedures adopted by the CalSTRS’ Investment Committee.
An Investment Officer II who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.
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:
Bachelor’s or Master’s degree in finance, economics, mathematics, or other similar technical field
Basic knowledge of financial markets
Strong qualitative, quantitative and problem-solving skills
Excellent communication and effective presentation skills
Ability to work independently and in a team environment
One year of experience in the California state service performing the duties of an Investment Officer I, Range D, California State Teachers' Retirement System.
Three years of increasingly responsible experience performing investment security analysis and management for a public agency or private institution, such as a bank, insurance company, pension and endowment fund, real estate development or investment firm, or securities dealer. Possession of an advanced degree in one of the fields included above in the education requirements, or a closely related degree; or certification as a Chartered Financial Analyst or other equivalent financial or accounting certification, such as a Certified Public Accountant, may be substituted for one year of the required experience.
Knowledge and Abilities
Knowledge of: All of the above, and principles and practices of portfolio management and construction of investment policy; methods used to calculate performance evaluations and attributions for assigned portfolios; various portfolio strategies and their relative values; CalSTRS laws impacting investment policies, procedures, and requirements; purchase and sale practices of a large public agency or private institution; domestic and international markets; policies and procedures for current applicability as well as implementation of changes for future requirements; investment merit of domestic and international securities; and nontraditional income generating investment programs.
Ability to: All of the above, and appear before various committees and Boards; and recommend advisability of future commitments.
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