Retirement Investment Officer I/II/III
The Stanislaus County Employees’ Retirement Association was formed in 1948 and provides retirement, death and disability benefits for over 9,000 members. The Association operates under 1937 Act Code, the California Constitution and is governed by a nine member Board of Retirement. The Board of Retirement is responsible for all policy decisions, while internal staff handles the day-to-day administrative functions. Currently, StanCERA has a staff of 14, including both full and part-time employees.
The Retirement Investment Officer series is characterized by the responsibility to assist and provide direction in the management and implementation of the StanCERA investment strategy and policies, to monitor and analyze fund investments, and maintain and discharge discretionary authority and responsibility over some aspects of the program.
The candidate must possess a motivation and curiosity to explore and research data and apply statistical methods to form a basis for opinion and recommendation. The candidate will be expected to understand accounting and financial principles at a level dependent on experience. High level proficiency in the use of excel is very important and a basic understanding of actuarial principles is desirable but not necessary.
Depending on the classification hired, this position will work closely with the Executive Director and at times, the StanCERA independent investment consultant on matters related to investment governance, oversight and performance. The candidate’s experience and knowledge will determine which classification he/she ultimately is hired into and the amount of independence and judgement that will accompany this appointment.
Typical Duties and Responsibilities
Coordinate, enhance and administer StanCERA’s investment governance program. Maintain, calculate and interpret performance metrics on StanCERA’s investment portfolio. Create, maintain and implement processes and procedures related to StanCERA’s investment database. Maintain and enhance reporting and implementation of StanCERA’s liability immunization program. Maintain oversight of all financial and regulatory documents submitted by StanCERA’s investment managers. Participate in negotiation of manager contracts. Maintain regular correspondence with StanCERA investment managers on issues related to performance, cash flow and contract issues. Develop and maintain processes and procedures related to individual portfolio holdings. Attend various peer and general investment conferences throughout the year. Present reports and findings to the Board of Retirement.
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