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Investment Officer II, Private Equity

Employer
California State Teachers' Retirement System
Location
West Sacramento, California
Salary
$6,826.00 - $8,543.00 per month plus 5% differential for CFA, annual incentive up to 10%
Closing date
May 25, 2021

View more

Job Function
Portfolio Management: Equities
Industry Sector
Government
Employment Type
Full Time

Job Details

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.

 

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
  • 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

 

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

For the latest information on the benefits offered by the state of California, explore the Health Benefits Summary provided by CalHR.

Company

The California State Teachers' Retirement System (CalSTRS) is the largest educator-only pension fund in the world. CalSTRS proudly provides retirement, disability and survivor benefits to California’s 949,000 public school educators and their families.

The Investments Branch manages the investment portfolio for the nation’s second largest public pension fund; providing retirement, disability and survivor benefits to California’s more than 949,000 K-12 teachers, plus community college educators and their families. This branch is responsible for managing all investment activities to ensure performance objectives are met. The branch consists of the following units: Corporate Governance, Fixed Income, Global Equity, Inflation Sensitive, Risk Mitigating Strategies, Innovative Strategies and Risk, Investment Operations, Private Equity, Real Estate, and Administration.

We encourage you to join our world-class financial services institution and state agency. Our headquarters and member service centers located across the state feature sustainable construction, plenty of natural lighting and functionally-designed work spaces. At our LEED Platinum headquarters in West Sacramento, enjoy the full service cafe, free onsite fitness center, bicycle library and walks along the Sacramento River. In addition to state-of-the-art amenities, we offer thriving wellness and sustainability programs, an award-winning employee recognition program, and ongoing learning and development opportunities.

Company info
Website
Telephone
916-414-4990
Location
100 Waterfront Place
West Sacramento
California
95605
US

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