Private Equity Investment Officer

Job Description and Duties
Our Investment Office, Private Equity program is currently seeking an Investment Officer I (IO I) to work under the supervision of the Associate Investment Manager (AIM) performing less complex investment work as a team member in the Private Equity (PE) program. The IO I is responsible for assisting with the administration of the PE Program as directed and assists other CalPERS investment staff.

Duties include but are not limited to:

Assist in the management and monitoring of partnerships by establishing and maintaining relationships with an assigned group of partnerships to evaluate performance relative to multiple quantitative and qualitative thresholds over the life of the investment.
Expected to assist with the development of the investments assigned to them for coverage by reviewing, recommending, and implementing appropriate action with respect to amendments or other legal matters impacting assigned investments.
Process and evaluate new investments using the Investment Proposal System (IPS), a tool to screen and track investments through various stages of the evaluation process.
Support underwriting of new investments by providing analytical and process support to Managing Investment Director, Investment Director, and Investment Managers as investments proceed through the Underwriting Process.
Please let us know how you heard about our position by taking this brief survey: https://www.surveymonkey.com/r/7VZHJVM

You will find additional information about the job in the Duty Statement.

Minimum Requirements
You will find the Minimum Requirements in the Class Specification.
INVESTMENT OFFICER I, PUBLIC EMPLOYEES’ RETIREMENT SYSTEMS

Additional Documents
Job Application Package Checklist
Duty Statement
Position Details
Job Code #: JC-235667
Position #(s):
275-645-4656-016
Working Title: Private Equity Investment Officer I
Classification: INVESTMENT OFFICER I, PUBLIC EMPLOYEES’ RETIREMENT SYSTEMS
$3,728.00 – $7,080.00
NOTE: Salaries do not reflect recent changes necessitated by the unanticipated budget shortfalls arising from the COVID-19 pandemic. Information for actual reductions of salaries is available in the Human Resources Manual, Section 2113, Personal Leave Program (PLP) at http://hrmanual.calhr.ca.gov/Home/ManualItem/1/2113

# of Positions: 1
Work Location: Sacramento County
Job Type: Permanent, Full Time

Special Requirements
Live Scan
Candidates new to CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.

Surety Bond
Must be able to qualify for a Surety Bond

CalPERS Disclosure Requirements
If employed, you may be subject to rules imposed by Personal Trading Regulations and Conflict of Interest Code that apply to CalPERS employees, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700)

Application Instructions
Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.

Final Filing Date: 2/23/2021
Who May Apply

Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility (please attach your letter, if available). SROA and Surplus candidates are given priority; therefore, individuals with other eligibility may be considered in the event no SROA or Surplus candidates apply. Individuals who are eligible for a Training and Development assignment may also be considered for this position(s).

Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process. Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).

How To Apply

Complete Application Packages (including your Examination/Employment Application (STD 678) and applicable or required documents) must be submitted to apply for this Job Posting. Application Packages may be submitted electronically through your CalCareer Account at www.CalCareers.ca.gov. When submitting your application in hard copy, a completed copy of the Application Package listing must be included. If you choose to not apply electronically, a hard copy application package may be submitted through an alternative method listed below:
Address for Mailing Application Packages

You may submit your application and any applicable or required documents to:

Public Employees Retirement System
Attn: JC-235667/ QA
Human Resources Division
P. O. Box 942718
Sacramento, CA 94229-2718
Address for Drop-Off Application Packages

You may drop off your application and any applicable or required documents at:

Public Employees Retirement System
JC-235667/ QA
Human Resources Division
400 Q Street, LPN, 3rd Floor, Room 3260
Sacramento, CA 95811
08:00 AM – 05:00 PM
Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at www.CalCareers.ca.gov. All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
Resume is optional. It may be included, but is not required.
Applicants requiring reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview. Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.

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:
Two years private equity or investment management experience.
Basic understanding of benchmarking, return calculations and pacing.
MBA or possession of an advanced degree in finance or another technical field with the majority of work in business administration, economics or a closely related field.
Team oriented with excellent verbal and written communication skills.
Interest in pursuing or have acquired a professional certification such as a CPA, CFA, IA and CAIA.
Computer program knowledge: Microsoft SQL, Visual Basic, Excel Macros and Microsoft Access.

Benefits
CalPERS employees are eligible for a number of benefits. Health benefits and leave programs are available for most permanent, full-time employees and some permanent, part-time employees. Benefit eligibility may depend on length of service and may be subject to collective bargaining agreements, which are contracts negotiated between the State of California and employee organizations that define employees’ wages, hours, and conditions of employment. Some added benefits CalPERS offers include:
Alternate Work Schedules
Flexible Work Hours
Independently run child care facility located on CalPERS campus
For more details about employee benefits, visit the California Department of Human Resources website.
General State Employment Benefits and Protections

Click here to view more information about the outstanding benefits offered to State employees.
Contact Information
The Human Resources Contact is available to answer questions regarding the position or application process.

Human Resources Contact:
CalPERS Careers
(916) 795-3065
Careers@calpers.ca.gov
Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department’s EEO Office.

EEO Contact:
CalPERS EEO
(916) 795-3675
EEO@calpers.ca.gov
California Relay Service: 1-800-735-2929 (TTY), 1-800-735-2922 (Voice) TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.
Equal Opportunity Employer
The State of California 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.

It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.