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The CalSTRS Investments Branch is seeking an experienced 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:
  • Provide a high-level of investment expertise to support quantitative and analytical reporting requirements for Private Equity.
  • Strategize and implement methods to analyze the Private Equity portfolio, including gathering and interpreting data from master custodian, third party data provider, advisors, benchmark provider and other sources.
  • Continually monitor the fund’s realization strategy leading to the successful liquidation of the partnership.
  • Develop and maintain models for Private Equity, including performance attribution projections based on market assumptions, portfolio construction, benchmark composition, cash flow projections and strategy.
  •  Analyze the co-investment portfolio on key metrics, risk, performance measures and valuation methodologies used to determine fair value.

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:
  • BA/BS/MBA or possession of an advanced degree in finance, accounting or other related fields
  • CFA designation or other professional certification such as CAIA
  • Experience conducting investment analysis
  • Experience interacting with external management consultants, advisor, and/or legal expert
  • Experience in underwriting, investment due diligence and investment recommendation
  • Excellent written and verbal communication skills
  • Knowledge of investment principles and practices
  • Strong interpersonal skills
  • Strong quantitative and qualitative analytical skills
  • Excellent written and verbal communication skills
  • Ability to work independently and exercise initiative and flexibility
  • Ability to research, analyze, and interpret information
  • Ability to present information clearly, both orally and in writing, to a wide range of audiences
  • Ability to effectively analyze information to develop and present appropriate recommendations
  • Ability to work independently, prioritize workload, and meet deadlines
  • Ability to interact with various levels of internal and external professionals with tact and diplomacy
  • Ability to work effectively as an individual and as part of a team to support team, unit, and Investments Branch goals
  • High proficiency in Microsoft Excel

Benefits

CalSTRS offers a competitive pay schedule and a work-life-balance for all its employees. The State of California provides comprehensive benefits packages determined by the employee’s bargaining unit and conditions of employment. Some benefits include:

  • Alternative work schedules
  • Flexible work hours
  • Remote work options
  • Medical benefits, including health, dental and vision insurance
  • Paid holidays and a defined benefit retirement program
  • More than four weeks of vacation/sick leave for leaders
  • More than three weeks of vacation/sick leave for staff
  • Health insurance in retirement
  • Employee Assistance Program
  • Loan forgiveness under the federal Public Service Loan Forgiveness Program

Employees

Carrie Lo

Investor

United States of America

Investor | Government Pension

Geetika Misra

Investor | Pension

United States of America

Kevin Bassi

Investor | Pension

United States of America

Don Palmieri

Investor

United States of America

Parry Wang

Investor

United States of America