Investment Analyst

Orange County Employees Retirement System
Orange County, California
$64,159.00 - $107,044.00 Annually
Jan 05, 2021
Feb 04, 2021
Job Function
Operations, Risk Management
Industry Sector
Employment Type
Full Time





Open to the Public

This recruitment will close Friday, January 22, 2021, at 4:59 PM



The Orange County Employees Retirement System (OCERS) is now accepting on-line applications for the Investment Analyst position. This recruitment is open to the public and being held to fill an immediate vacancy. Interested applicants are encouraged to apply immediately.


Established in 1945, the Orange County Employees Retirement System (OCERS) provides retirement, death, disability and cost-of living benefits to retirees of the County of Orange and certain County districts. Serving approximately 45,000 members, OCERS is governed by a ten-member Board of Retirement that is responsible for managing a $16 billion dollar fund. For more information about OCERS, please click here.
OCERS' mission is to provide secure retirement and disability benefits with the highest standards of excellence.
OCERS vision is to be a trusted partner providing premier pension administration, distinguished by consistent, quality member experiences and prudent financial stewardship.

  • Open and Transparent
  • Commitment to Superior Service
  • Engaged and Dedicated Workforce
  • Reliable and Accurate
  • Secure and Sustainable


The Investment Analyst position reports directly to the Chief Investment Officer ("CIO") and is expected to uphold the highest standards of integrity and professionalism, plan sponsor focus, and system efficiency. Under the direction of the CIO, the successful candidate will provide analytical and technical support for the Investment Division in the areas of investment management, investment reporting, performance measurement, risk management, special projects and studies, and perform related duties as required.

The incumbent will assist the CIO in the day-to-day operations within the Investment Department. The Investment Analyst will track investment activities, ensure necessary transactions are completed as required, and identify potential areas of concern. 

Ideal Candidate:
The ideal candidate will possess or attain the knowledge, attributes, and qualities to be successful in an institutional setting. Responsibilities include, but are not limited to the following areas:

  • Provide technical assistance to the CIO and members of the Investment team in administering the long-term investment policy, strategic objectives, portfolio guidelines, and manager selection.
  • Regularly monitor the investment managers to assess performance, risk and return, and evaluate any strategy modification.
  • Review portfolios to assess return and risk attribution and prepare reports, as required.
  • Assist in the search process of investment managers, as required.
  • Monitor compliance to Board-approved investment policies, strategies, and portfolio guidelines.
  • Assist CIO in working with pension investment consultants to coordinate asset allocation studies and integrate results into the long-term investment strategy.
  • Monitor portfolios of marketable and non-marketable securities to assess and maintain current valuation in custodian statements.
  • Research and maintain history of capital calls, distributions, and returns of capital and prepare summary reports.
  • Receive and file Reconciliation Statements and Compliance Reports from investment managers for assigned portfolios.
  • Monitor investment performance relative to expected return and risk, ensure compliance consistent with investment policies, strategies, and guidelines, and report significant changes and/or discrepancies.
  • Assist CIO in preparing materials for Investment Committee meetings.
  • Assist in the research and data collection required to fulfill information requests.
  • Provide timely monthly portfolio reports and verify the accuracy of investment manager invoices.
  • Support and monitor the investment manager due diligence CRM database.
  • Support internal risk management systems, preparing reports as required.
  • Complete various surveys on behalf of the Investment Department.

Minimum qualifications required for entry into the classification:

Education and Experience
Bachelor's Degree in Economics, Accounting, Finance, Business or a related field from an accredited university or college. 


Up to two years of relevant investment experience in an institutional setting such as a pension plan, foundation, endowment, consultant, or asset management firm.

Special Notes, Licenses or Requirements:

  • A valid California Class C driver's license or the ability to arrange necessary and timely transportation for field travel. 
  • May be required to use personal vehicle.
  • A complete background investigation is required; a felony or misdemeanour conviction may be cause for disqualification.
  • Highly Desirable: Experience with Microsoft Excel and PowerPoint.
  • Desirable: Interest in pursuing the Chartered Financial Analyst (CFA) designation
  • Desirable: Experience with Bloomberg and CRM systems.

  Please click here for details on this classification.

The following lists the knowledge, skills, and abilities necessary to perform the essential duties of the position.

Knowledge of:

  • Investment concepts, terminology, styles, models, and strategies, including portfolio theory, asset allocation and performance measurement, and a solid understanding of capital markets.
  • Principles and practices of institutional investment management.
  • Modern portfolio theory and application. 
  • Analytical techniques and tools commonly utilized in the management of equity and fixed income portfolios.
  • Knowledge of statistical concepts, methods and models, and their application to investments.
  • Computer techniques/programs applicable to financial data in evaluating investment managers and portfolios.
  • Telephone, office, and online etiquette.

Skills/Ability to:

  • Establish and maintain professional relationships with members of the Board of Retirement and Investment Committee, OCERS management and professional staff, and consultants.
  • Isolate critical investment data to assess the financial risk of investment options and operations.
  • Evaluate the overall performance of external investment managers and consultants.
  • Analyze economic, financial, and market trends to determine the highest overall investment returns consistent with OCERS' long-term goals and risk tolerances.
  • Prioritize conflicting timelines to ensure that project deadlines are met.
  • Interact with external service providers such as actuarial and investment consultants, money managers, and custodians.
  • Utilize and coordinate the delivery of custodial services. 
  • Communicate in English clearly, concisely, and effectively both orally and in writing.
  • Perform job functions with a high degree of independence and in an ethical and objective manner.
  • Assist CIO with quantitative research projects and evaluate risk models.
  • Utilize computer software to compose spreadsheets, graphs, flowcharts, calculations, and time reports, etc.

Compensation and Benefits
Compensation will be determined based on the experience level, credentials, and personal characteristics of the candidate. OCERS' employee benefits program will be offered to the successful candidate. The competitive benefits package includes retirement and deferred compensation programs; health, dental, life, and disability insurance; professional organization memberships and tuition reimbursement up to $10,000 maximum annually; a taxable optional benefit plan; and annual leave.

Physical, Mental, and Environmental Conditions
The following is a description of the physical and mental abilities that are customarily required to perform the essential job functions of this position.

Physical and Mental Requirements

  • Speak and hear well enough to communicate clearly and understandably in person, over the telephone, and in small groups.
  • Manual dexterity sufficient to use hands, arms, and shoulders repetitively to operate a telephone, keyboard, write, and use a calculator.
  • Mental stamina to interact professionally with members of the Board of Retirement, Plan Sponsors, peers, and consultants.
  • Vision sufficient to read fine print and a computer monitor.
  • Independent body mobility, agility, and stamina to stand, walk, stoop, bend, and twist, to access a standard office environment.
  • Ability to sit for prolonged periods of time.
  • Body strength sufficient to lift up to 15 pounds and carry files.
  • Independent body mobility, agility, and stamina to stand, walk, stoop, bend and twist, to access a standard office environment.
  • Ability to sit for prolonged periods of time.
  • Body strength sufficient to lift up to 15 pounds and carry files.

Environmental Conditions

  • The primary work place is in an office environment, working with standard office equipment.
  • Peripheral office equipment generates a quiet to moderate noise level.
  • Operates in an environment that includes elected officials, non-elected officials, government agencies, community interest groups, and the general public in the development and coordination of OCERS affairs.
  • Out of area travel may be required to attend professional conferences, due diligence, and meetings.


OCERS Human Resources Department will screen all applications and supplemental responses to identify qualified candidates. Applications submitted without a completed supplemental information form will be disqualified from further consideration. After screening, the more qualified candidates will be referred to the next step in the recruitment process and notified of all further procedures applicable to their application status.

Application Rating (AAP): 
(Refer/Non-Refer) Application materials will be rated by a panel of job knowledge experts for those qualifications most needed to perform the duties of the job. The more qualified candidates will be referred to the next step. All notifications regarding this recruitment will be sent via e-mail.

Qualifications Appraisal Panel (QAP): 
(Weighted 100%) Candidates will be interviewed and rated by a panel of job knowledge experts. Each candidate's rating will be based on responses to a series of structured questions designed to elicit the candidate's qualifications for the job.

Based on OCERS needs and the number of applications received, the selection procedures listed above may be modified and all affected candidates will be notified. 

Only on-line applications with the completed supplemental questions will be accepted.

E-mail is the primary form of notification during the recruitment process. Please ensure your correct e-mail address is on your application and only use one e-mail account.

Your application should highlight all of the areas in which you have developed expertise, matching your professional experience with the specific qualifications listed above.

It is recommended that you record or print your confirmation page, as this verifies receipt of your on-line application.

You may apply on-line at OCERS website:

For specific information pertaining to this recruitment please contact Felicia Durrah at (714) 569-4810 or email Do not submit resumes to this email address as they will not be considered in lieu of the required application process.







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