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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Falls Church, Virginia

Salary: $121K - $184K

The Educational Employees’ Supplementary Retirement System of Fairfax County (ERFC or “the System”) is a legally separate single-employer retirement system and fund established under Virginia code to provide pension benefits to all full-time educational and administrative support employees who are employed by the Fairfax County Public Schools. ERFC is a component unit of Fairfax County Public Schools (FCPS). As of December 31, 2021, ERFC achieved a funded ratio of 78.0%, as determined by the System’s actuarial consultant, AON Retirement & Investment. The System’s assumed rate of return is 7.0%. As of June 30, 2021, ERFC was entrusted with assets under management of $3.0 billion.

Description

Assists the executive director with the investment portfolio of the Educational Employees’ Retirement System of Fairfax County (ERFC); analyzes, designs, and recommends strategic investment initiatives supported by fiduciary accountability; provides comprehensive evaluation of current investment manager standings and researches across asset classes to build pipeline considerations targeting future opportunities to ensure portfolio performance; ensures and maintains compliance with legislation; provides qualitative and quantitative documentation, reporting, and presentations; collaborates with investment consultants, fund managers, actuaries, and legal counsel; serves as a liaison to the Chief Investment Officer, Board of Trustees, and School Board.

Qualifications

Required

  • Any combination of education and experience equivalent to a bachelor’s degree in business administration, finance, accounting, economics, or related field.
  • Seven (7) years of progressively more responsible experience in investment management, retirement and pension fund administration, and qualitative and quantitative analysis, some of which shall have been in a supervisory or leadership capacity.
  • Advanced degree(s) beyond the minimum degree requirement in a relevant field may be considered for some experience.
  • Knowledge of management principles and techniques, investment management, retirement and pension fund administration, and qualitative and quantitative analysis
  • Knowledge of federal and state laws governing public employee retirement systems and retirement accounting.
  • Ability to analyze, evaluate, and interpret financial statements and provide supported short- and long-term recommendations.
  • Ability to coordinate and discuss a variety of policy and pension plan matters between leadership, boards, and trustees.
  • Ability to act as a skilled change agent and utilize negotiating skills to manage confidential information and navigate sensitive organizational situations.
  • Ability to budget, plan, organize, direct, and supervise the work of personnel and outside vendors.
  • Ability to establish and maintain successful collaborative working relationships with diverse personnel and outside vendors to address complicated investment needs.
  • Ability to communicate effectively through public speaking, presentations, and business and technical writing.

Preferred

  • Master’s degree.
  • Public pension fund experience.
  • Experience in the institutional investment or institutional consulting industry.
  • Charted Financial Analyst (CFA) designation.
  • Chartered Alternative Investment Analyst (CAIA) designation.
  • Financial Risk Manager (FRM) certification.
  • Certified Lean Six Sigma.
  • Knowledge of PensionGold, Lawson, Levi Ray & Shoup, Inc. (LRS), or other pension software applications.