Skip to main content

Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Ventura, California

Salary: $151K - $212K

The Ventura County Employees’ Retirement Association (VCERA) is a multi-employer, defined benefit, public pension plan located in Ventura County, California. Founded in 1947, the association is governed by the County Employees Retirement Law of 1937 (“1937 Act”) and the California Public Employees’ Pension Reform Act of 2013 (PEPRA). VCERA’s primary responsibility is to provide lifetime retirement benefits for eligible employees of the County of Ventura, Ventura County Superior Court, Ventura County Air Pollution Control District (APCD), Ventura Regional Sanitation District (VRSD) and VCERA. Details below.

WHAT WE OFFER
The County of Ventura offers an attractive compensation and benefits package. In addition to the salary of approximately $136,589.53 to $211,644.12 annually an employee within this position will also be eligible for the following:

  • Flexible/Hybrid Schedule – Possible flexible and hybrid telecommuting work schedule.
  • A general salary increase – 3.5% effective December 22, 2024.
  • Educational Incentive – An educational incentive of 2.5% for completion of an associate’s degree, 3.5% for completion of a bachelor’s degree, OR 5% for completion of a graduate’s degree.
  • Bilingual Incentive – Incumbents may also be eligible for bilingual incentive depending upon operational needs and certification skills.
  • Executive Annual Leave – The candidate selected for this position will earn 248 hours per year, increasing to 288 hours after 5 years of service, to 328 hours after 10 years of service, and to 368 hours after 15 years of service or other public service.
  •  *Credit for prior public service may be considered (Management Resolution, § 1202A)
  • Annual Leave Redemption – The ability to “cash in” or redeem up to 100 hours of Annual Leave per year after using 80 hours of annual leave within the previous 12 months (Management Resolution, § 1205).
  • Deferred Compensation – Eligible to participate in the County’s 401(k) Shared Savings Plan and/or the Section 457 Plan. This position is eligible for up to a 3% match on your 401(k) contributions. Eligible employees meeting the criteria in Sec. 1907 of the Management Resolution will receive two percent (2%) of their annualized compensation contribution towards their 401(k) account.
  • Health Insurance Plans – Medical, dental, and vision plans for you and your dependents. A flexible credit allowance of up to $23,530 annually.
  • Flexible Spending Accounts – Increase your spending power by reimbursement with pre-taxed dollars for IRS-approved dependent care and health care expenses.
  • Holidays – 12 paid days per year which includes a scheduled floating holiday.
  • Pension Plan – Both you and the County contribute to the County’s Retirement Plan. If you are eligible, you may establish reciprocity with other public retirement systems, such as PERS.
  • Additional Benefits – Professional Memberships, Disability Plans, Employee Assistance Program, Life Insurance, Tuition Reimbursement, Wellness Program.

To learn more about this exciting opportunity and what we have to offer, please click this link to be taken directly to the brochure: Investment Officer

For more information about the Ventura County Employees’ Retirement Association, please visit  https://www.vcera.org/

Payroll Titles and Approximate Annual Salaries
Administrative Services Director III:  $136,589 – $191,225
Administrative Services Director IV:  $151,174 – $211,644

The Administrative Services Director III/IV are at-will classifications exempt from civil service.

TENTATIVE SCHEDULE
Opening Date:  March 8, 2024
Closing Date: Open until filled
First Review of Resumes: The first review of resumes is anticipated to begin March 18, 2024. If you are interested in this exciting opportunity, please submit your cover letter and resume in advance of the review date.

Recruitment Process

To apply for this exceptional career opportunity, please send a resume and a cover letter that illustrates examples of your experience demonstrating:

Education and Experience
Any combination of education and experience which would demonstrate possession of the required knowledge, skills and abilities. An example of a qualifying education and experience is:

Possession of a bachelor’s degree in investment management, business, finance, financial investments, math, psychology, communications, public administration, or a related field
AND
Five (5) years at the III level to six (6) years at the IV level of recent full-time, increasingly responsible professional experience analyzing, investing, managing, servicing, monitoring, and/or recommending institutional investments across disparate asset classes including public and private equity, real estate, real assets, infrastructure, publicly traded fixed income, private credit in various legal structures such as separate accounts, commingled investment trusts, and/or private credit limited partnerships.

Necessary Special Requirements
Must be willing to work irregular hours as necessary.
Some travel is required for this position.

Desired

  • Experience underwriting primary, secondary, and co-investment opportunities in situational investments, such as private equity, venture capital, private credit, real assets, and real estate
  • Experience with 1937 Act Retirement systems and/or pension administration systems
  • Attainment of one or more of the following:
    • Chartered Financial Analyst (CFA)
    • Chartered Asset Allocator (CAA)
    • Chartered Alternative Investment Analyst (CAIA)
    • Certified Public Accountant (CPA)
    • Real Estate Broker license
    • Certified Employee Benefit Specialist (CEBS)
    • Certified Financial Planner (CFP)

To Apply
If you are interested in this opportunity to serve the citizens of the County of Ventura, you may do one of the following:
E-mail your current resume and cover letter to: Katie.Reynolds@ventura.org

OR
Submit an online application at www.ventura.org/jobs and attach your current resume and cover letter.

Resume Evaluation
A first review of resumes will begin March 18, 2024. All relevant work experience, training and education need to be included to determine eligibility.

Interview Process
Following a structured evaluation of the resumes, the most qualified candidates will be invited to a panel interview. The top candidates, as determined by the panel, will then be invited to a second interview with VCERA executive management. The interviews may be consolidated into one process or expanded into multiple interviews contingent upon the size and quantity of the candidate pool.

Background Investigation
The selected candidate may be subjected to a thorough background investigation which may include inquiry into past employment, education, and criminal background information. In addition, the successful candidate may be subjected to Live Scan fingerprinting.

EQUAL EMPLOYMENT OPPORTUNITY
The County of Ventura is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding, and related medical conditions), and sexual orientation.

For further information about this recruitment, please contact Katie Reynolds by email Katie.Reynolds@ventura.org or by telephone at (805) 654-2629.