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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Santa Ana, California

Salary: $109K - $169K

Established in 1945, the Orange County Employees Retirement System (OCERS) provides retirement, death, disability and cost-of-living benefits to retirees of the County of Orange and certain County districts. Serving approximately 50,000 members, OCERS is governed by a ten-member Board of Retirement that is responsible for managing a $20 billion dollar fund.

The Orange County Employees Retirement System (OCERS) is now accepting on-line applications. This recruitment is open to current regular or temporary employees located at OCERS and will close on Friday, January 19, 2024. Interested applicants are encouraged to apply immediately.

Established in 1945, the Orange County Employees Retirement System (OCERS) provides retirement, death, disability, and cost-of-living benefits to retirees of the County of Orange and certain County districts. Serving approximately 48,000 members, OCERS is governed by a ten-member Board of Retirement that is responsible for managing a $21 billion dollar fund. For more information about OCERS, please click here.

OCERS’ mission is to provide secure retirement and disability benefits with the highest standards of excellence.

OCERS’ vision is to be a trusted partner providing premier pension administration, distinguished by consistent, quality member experiences and prudent financial stewardship.


  • Open and Transparent
  • Commitment to Superior Service
  • Engaged and Dedicated Workforce
  • Reliable and Accurate
  • Secure and Sustainable

Under the direction of the Chief Investment Officer (CIO), the Senior Investment Analyst provides analytical and technical support for the Investments Division in the areas of investment management, investment reporting, performance measurement, special projects and studies; performs related duties as required. Ordinarily, this position would represent an in-service career progression for an incumbent employee, although OCERS may hire external candidates at this level if they possess substantial experience sufficient to operate immediately at or above the journey level without additional training.

The Senior Investment Analyst position reports directly to the Director of Investments (DOI) and is expected to uphold the highest standards of integrity and professionalism, plan sponsor focus and system efficiency. Assists the Investments Team in the day-to-day operations within the Investments Department; track investment activities, ensure necessary transactions are completed as required, and identify potential areas of concern. The position is distinguished from the Investment Analyst position by significant experience at OCERS or a similar public pension plan, the level of independent analysis, thinking and work products expected, ability to apply investment principle as opposed to rules, and levels of complexity and independence assigned and demonstrated. This journey-level position is distinguished by its primary analytical and process-oriented functions with a focus on assignments and definable tasks unlike the independence and lengthier OCERS- relevant investment experience and sophistication expected of an Investment Officer, who will ordinarily have higher levels of direct functional interaction with governing bodies.

Essential Duties and Responsibilities
Include but are not limited to the following:

  • Provide technical assistance to the Investments Team in administering the long-term investment policy, strategic objectives, portfolio guidelines and manager selection.
  • Regularly monitor the investment managers to assess performance, risk and return and evaluate any strategy modification.
  • Review portfolios to assess return and risk attribution and prepare reports, as required.
  • Assist in the search process of investment managers, as required.
  • Monitor compliance of Board-approved investment policies, strategies and portfolio guidelines.
  • Assist the Investments Team in working with pension investment consultants to coordinate asset allocation studies and integrate results into the long-term investment strategy.
  • Monitor portfolios of marketable and non-marketable securities to assess and maintain current valuation in custodian statements.
  • Research and maintain history of capital calls, distributions and returns and prepare summary reports.
  • Receive and file Reconciliation Statements and Compliance Reports from investment managers for assigned portfolios.
  • Monitor investment performance relative to expected return and risk, ensure compliance consistent with investment policies, strategies and guidelines and report significant changes and/or discrepancies.
  • Assist the Investments Team in preparing materials for Investment Committee meetings.
  • Assist in the research and data collection required to fulfill information requests.
  • Provide timely monthly portfolio reports and verify the accuracy of investment manager invoices.
  • Mentor, train and support other Investment Analysts as needed.
  • Support internal risk management systems, preparing reports as required.
  • Support and monitor the investment manager due diligence CRM database.
  • Complete various surveys on behalf of the Investment Department.

Education and/or Experience
Graduation from an accredited university or college with a Bachelor’s degree in Economics, Accounting, Finance, Business or a related field. Interest in pursuing a CFA.


Three years of relevant investment experience in an institutional setting such as a pension plan, foundation, endowment, consultant, or asset management firm.  At least two years of experience should be public pension plan related.

Special Notes, Licenses or Requirements

  • A valid California class C driver’s license or the ability to arrange necessary and timely transportation for field travel.
  • May be required to use personal vehicle.
  • A complete background investigation is required; a felony or misdemeanor conviction may be cause for disqualification.


  • Master’s Degree in Business Administration
  • Chartered Financial Analyst (CFA) designation
  • Experience with Bloomberg and CRM systems
  • Experience with performance analytics and investment risk management systems

Please click here for details on this classification.

The following lists the knowledge, skills, and abilities necessary to perform the essential duties of the position.

Knowledge of

  • Investment concepts, terminology, styles, models, and strategies, including portfolio theory, asset allocation and performance measurement and a solid understanding of capital markets.
  • Advanced knowledge of pension investment operations, objectives, procedures strategies and work flows.
  • Principles and practices of institutional investment management.
  • Modern portfolio theory and application.
  • Knowledge of institutional real estate, hedge funds, private equity, alternative investments and other non- traditional investment areas.
  • Analytical techniques and tools commonly utilized in the management of diversified institutional investment portfolios.
  • Advanced knowledge of statistical concepts, methods and models and their application to investments.
  • Statistical and computer techniques/programs applicable to financial data in evaluating investment managers and portfolios.
  • Telephone, office and online etiquette.

Skills/Ability to

  • Establish and maintain professional relationships with members of the Board of Retirement and Investment Committee, OCERS management and professional staff, and consultants.
  • Isolate critical investment data to assess financial risk of investment options and operations.
  • Evaluate overall performance of external investment managers and consultants.
  • Analyze economic, financial and market trends to determine the highest overall investment returns consistent with OCERS’ long term goals and risk tolerances.
  • Prioritize conflicting timelines to ensure that project deadlines are met.
  • Prepare accurate, comprehensive and insightful research reports without supervision.
  • Interact with external service providers such as actuarial and investment consultants, money managers and custodians.
  • Utilize and coordinate the delivery of custodial services.
  • Communicate in English clearly, concisely and effectively both orally and in writing.
  • Apply investment principles to complex and ambiguous problems and assignments.
  • Perform job functions with a high degree of independence and in an ethical and objective manner.
  • Assist the Investments Team with quantitative research projects and evaluate risk models.
  • Utilize, with proficiency, all office software systems typically used by the OCERS investment team.

The following is a description of the physical and mental abilities that are customarily required to perform the essential job functions of this position.

  • Ability to communicate clearly and understandably in person, over the telephone and in small groups.
  • Manual dexterity sufficient to use hands, arms and shoulders repetitively to operate a telephone, keyboard, write and use a calculator.
  • Mental stamina to interact professionally with members of the Board of Retirement, Plan Sponsors, peers and consultants.
  • Vision sufficient to read fine print and a computer monitor.
  • Independent body mobility, agility, and stamina to stand, walk, stoop, bend, and twist, to access a standard office environment.
  • Ability to sit for prolonged periods of time.

Environmental Conditions

  • The primary work place is in an office environment with standard office equipment.
  • Peripheral office equipment generates a quiet to moderate noise level.
  • Operates in an environment that includes elected officials, non-elected officials, government agencies, community interest groups and the general public in the development and coordination of OCERS affairs.
  • Out of area travel will be required to attend professional conferences, due diligence review sessions, and other business meetings.

OCERS’ Human Resources Department will screen all application materials to identify qualified candidates. Applications submitted without a completed supplemental information form will be disqualified from further consideration. After screening, the more qualified candidates will be referred to the next step in the recruitment process and notified via e-mail of all further procedures applicable to their application status.

Applications Appraisal Panel (AAP) | Application Rating (Refer/Non-Refer):
Application materials will be rated by a panel of job knowledge experts for those qualifications most needed to perform the duties of the job. The more qualified candidates will be referred to the next step. All notifications regarding this recruitment will be sent via e-mail.

Qualifications Appraisal Panel | Oral Interview:
Candidates will be interviewed and rated by a panel of job knowledge experts. Each candidate’s rating will be based on responses to a series of structured questions designed to elicit the candidate’s qualifications for the job.

Based on OCERS’ needs and the number of applications received, the selection procedures listed above may be modified, and all affected candidates will be notified.


  • Only online applications with the completed supplemental questions will be accepted. Your application should highlight all areas in which you have developed expertise, matching your professional experience with the specific qualifications listed above.
  • It is recommended that you record or print your confirmation page, as this verifies receipt of your online application.
  • You may apply online at the OCERS website:

For specific information pertaining to this recruitment, please contact Sarah Abrahamson at (714) 569-4818 or email

Do not submit a resume to this email address as they will not be considered in lieu of the required application process.

Email is the primary form of notification during the recruitment process. Please ensure your correct email address is included in our application and use only one email account. NOTE: User accounts are established for one person only and should not be shared with another person. Multiple applications with multiple users may jeopardize your status in the recruitment process for any positions for which you apply. Candidates will be notified regarding their status as the recruitment proceeds via email through the site. Please check your email folders, including spam/junk folders, and/or accept emails ending with “” and “” If your email address should change, please update your profile at


OCERS, as an Equal Employment Opportunity employer, encourages applicants from diverse backgrounds to apply.