0922 Investment Officer – Real Assets - San Francisco Employees' Retirement Syst

0922 Investment Officer – Real Assets - San Francisco Employees' Retirement System (143510-01155424)

• Full-time
• Work Hours: Regular
• Job Code and Title: 0922-Manager I
• Fill Type: Permanent Exempt

Who We Are

The San Francisco Employees’ Retirement System (SFERS) is dedicated to securing, protecting, and prudently investing the pension trust assets, administering mandated benefits programs, and providing promised benefits to the active and retired members of the City and County of San Francisco.

Established in 1889, SFERS serves more than 75,000 active, vested, and retired employees of the City and County of San Francisco and their survivors.

What We Do

The Investment Division serves as a resource to the Retirement Board in the development of investment policies and practices. The investment team deploys capital to enhance the structure and diversity of the investment portfolio and sustain long-term performance. Additionally, the professional staff analyzes, develops, and recommends asset allocation mixes, manages investment portfolios, and monitors the activities and performance of external investment managers.

• Application Opening: December 13, 2024
• Salary: $129,974 to $165,958 annually
• Recruitment ID: RTF0143509-01155424

This job announcement may close at any time, but not before January 31, 2025. Interested applicants are encouraged to apply as soon as possible.

Appointment Type

This permanent exempt position is excluded by the Charter from the competitive Civil Service Examination process and shall serve at the discretion of the Appointing Officer.

What We’re Looking For

SFERS seeks an experienced investment professional for the position of Investment Officer (“IO”) for its Real Assets portfolio, which includes real estate, infrastructure, natural resources, and other specialty investments. The IO will participate in the monitoring of existing investments, underwriting and execution of prospective investments, and portfolio construction and analytics.

The IO conducts work with oversight from the Director or APM of Real Assets and is responsible for the following:

• Manage the internal process for monitoring existing investments, including taking meeting notes, reviewing quarterly reports, and administering capital calls and distributions.
• Assist in the due diligence of existing and prospective investment managers, including compiling screening memos, written investment recommendations, and reports for review by senior staff.
• Assist with the review of key partnership documents and the execution of subscription agreements, amendments, consents, and other materials related to investments.
• Assist in monitoring the Real Assets portfolio through quantitative and qualitative analysis, such as returns attribution.
• Organize and maintain investment records including subscription documents and offering memorandums.
• Coordinate with investment managers and colleagues to ensure compliance with investment policies and accurate reporting.
• Work closely with SFERS’ real assets consultants to achieve asset class goals.
• Perform research on investment trends affecting global markets.
• Receive direction from senior investment staff and complete assigned tasks accurately and timely.
• Provide administrative and operational support as necessary.
• Represent SFERS with distinction to external investment managers and stakeholders.

Minimum Qualifications

Education: Possession of a baccalaureate degree from an accredited college or university with major coursework in finance, economics, business administration, accounting, statistics, or similar field; AND

Experience: Three (3) years of investment experience with an investment management firm, pension plan, university, endowment, foundation, corporation, family office, or consulting firm.

Substitution

• Possession of a graduate degree in Business Administration, Finance, Statistics, Investment Management, Economics or similar field, or possession of the Chartered Financial Analyst designation, may be substituted for an undergraduate degree in a different field.
• Two years of investment management experience at a position equivalent to an Investment Officer or higher may substitute for an undergraduate degree in a different field.

How to Stand Out

The stated desirable qualifications may be used to identify job finalists at the end of the selection process.

• Knowledge and prior experience with alternatives, specifically real assets and/or other private markets strategies.
• Experience in understanding complex investment strategies and concepts.
• Strong organizational and analytical skills with proficiency in Microsoft Excel, Word, PowerPoint, and PowerBI.
• Analytical, financial modeling, and data visualization skills.
• Strong writing and presentation skills.
• Excellent attention to detail and commitment to delivering high-quality work.
• Ability to prioritize and handle multiple, time-sensitive tasks.
• Highly self-motivated and hardworking.
• High level of professionalism and ability to build networks with key contacts.
• Willingness to travel globally up to 20% of the time.
• Possession of CFA or CAIA designation.
• Sound judgment, integrity, and moral code.

Verification

Applicants may be required to submit verification of qualifying education and experience at any point during the recruitment process.

Note: Falsifying one’s education, training, or work experience may result in disqualification.

All work experience, education, training, and other information substantiating how you meet the minimum qualifications must be included on your application by the filing deadline.

Applications for City and County of San Francisco jobs are only accepted through an online process.

Applicants will receive a confirmation email that their online application has been received. Failure to receive this email means that the online application was not submitted.

If you have any questions regarding this recruitment or application process, please contact the recruitment analyst, Michael Nettles, at michael.nettles@sfgov.org.

All your information will be kept confidential according to EEO guidelines.

The City and County of San Francisco encourages women, minorities and persons with disabilities to apply.