Investment Officer II, Private Equity
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:
- Performing the full range of duties associated with the independent review and evaluation of new and follow-on partnerships in a multi-billion-dollar private equity portfolio of active commitments.
- 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, and existing policy and procedures.
This position is eligible for incentive compensation and has a maximum incentive opportunity of 10% of base salary.
An Investment Officer II who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.
The ideal candidate for this position will be a highly motivated self-starter with a strong work ethic and a high degree of integrity.
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
- 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
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
For the latest information on the benefits offered by the state of California, explore the Health Benefits Summary provided by CalHR.