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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Sacramento , California

Salary: $120K - $190K

The California State Teachers’ Retirement System (CalSTRS) has $309 billion in AUM and provides retirement, disability and survivor benefits for California’s 965,000 prekindergarten through community college educators and their families. Details below.

This position is eligible for incentive compensation and has a maximum incentive opportunity of 50% of base salary.
The CalSTRS Investments Branch is seeking experienced individuals to work as an Associate Portfolio Manager on the Real Estate team.
The Real Estate units’ primary objective is to provide stable cash flow and generate an enhanced yield while providing total fund diversification and an inflation hedge. Real Estate partners with best-in-class managers with common goals to create a portfolio of high quality assets. The portfolio includes allocations to core, value add and opportunistic risk strategies across property types globally.
Under the general direction of the Portfolio Manager, the Associate Portfolio Manager provides investment expertise and is responsible for managing a portfolio of investments utilizing independent analysis regarding the development and implementation of various risk management, investment program strategies, processes and controls consistent with policies and procedures in order to meet investment and policy objectives.
The ideal candidate will possess the following skills:
  • Broad and extensive investment management experience for a major financial institution or firm or government agency
  • Knowledge of investment strategies and portfolio implementation process
  • Ability to manage multiple critical projects with comprehensive project management skills.
  • Ability to research, lead, coordinate and mitigate risks relating to implementation and initiatives
  • Ability to develop and evaluate risks, processes, and controls
  • Ability to develop change management and communication strategies
  • Ability to communicate effectively, both orally and in writing, with all levels of staff and management
  • Ability to work collaboratively across multiple asset classes
  • Promotes teamwork and cross-functional collaboration and communication in support of the organization’s strategic goals
  • A high degree of initiative, professionalism, confidentiality, and ability to work well under pressure in a fast-paced environment
  • Ability to independently perform research, analyze data and present ideas/recommendations clearly and concisely to management

An incumbent who possesses a professional certification in one of the following designations: Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or Chartered Alternative Investment Analysts (CAIA) may receive a 5% monthly base pay differential. Only one 5% base pay differential is eligible regardless of the number of certifications.

Relocation benefits may be available.

Working Conditions

CalSTRS offers a hybrid approach with staff working on-site at our Headquarters in West Sacramento 2-3 days per week.
All staff of CalSTRS are employees of the State of California and subject to California employment taxes and withholdings. Upon appointment, staff are required to provide a current California address to CalSTRS Human Resources to be used as a remote work location.

This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for visa sponsorship by the start date of employment with CalSTRS.