Senior Investment Officer, LACERA (Real Assets)

Salary : $249,279.96 - $377,304.48 Annually Location : Pasadena, CA Job Type: Full-Time Regular Remote Employment: Flexible/Hybrid Job Number: Resume Canvass 24-01 Department: Investments Opening Date: 07/29/2024 POSITION INFORMATION THIS IS NOT A CIVIL SERVICE EXAMINATION This announcement is a Call for Resumes for the position of Senior Investment Officer, LACERA - Real Assets. The Call for Resumes can be officially suspen ded at any time. First review deadline is 5:00 p.m., August 23, 2024. Resumes submitted after the first review date will be considered on an as needed basis. Annual Salary: $249,279.96 - $377,304.48 The Los Angeles County Employees Retirement Association (LACERA) administers and manages the $80 billion retirement fund for the County of Los Angeles. We provide retirement, disability, and death benefits to eligible County Employees and their Beneficiaries, and collect, deposit, invest, and manage retirement funds collected from the County, Outside Districts, and County Employees. LACERA is one of the largest county retirement associations in the United States with over 184,000 Members. Our Membership is comprised of individuals from a diverse range of careers, age groups, and ethnicities - all contributing to the greater welfare of Los Angeles County. LACERA offers a comprehensive benefits package that includes medical and dental coverage, 401k Plan, 457 Plan, defined benefits pension plan, retirement healthcare benefits, tuition reimbursement program, paid holidays, and annual leave. ABOUT THE POSITION: The Senior Investment Officer position supervises the overall management of one of Los Angeles County Employees Retirement Association's (LACERA) primary asset classes or cross-asset category initiatives such as risk management, asset allocation, performance reporting, and/or corporate governance and stewardship, and provides direction to staff who assist in the management of these categories. This position is responsible for providing administrative and technical supervision to Financial Analysts, LACERA staff in the planning and monitoring of a primary asset class. Under the direction of a Principal Investment Officer, LACERA, this position is responsible for all aspects of pension fund investment management including investment program structure, implementation, and monitoring. Responsibilities include developing and recommending investment structure and policy and implementing Board approved plans and providing advice and counsel to LACERA's Board of Investments and LACERA management. The Investments Division at LACERA encompasses a diverse array of asset classes, including Public Equities, Private Equity, Real Assets (Infrastructure and Natural Resources), Real Estate, Fixed Income, Hedge Funds, Credit, Direct Investments (Private Markets), Portfolio Analytics (Risk Management), and Corporate Governance Stewardship (Environmental, Social, and Governance). IDEAL CANDIDATE: The Ideal Candidate will satisfy the position's requirements (as stated below) and possess the following desirable qualifications: Experience developing a Real Assets investment strategy. Experience assessing and managing a portfolio risk. Experience balancing Risk and Returns of an investment portfolio in Real Assets including infrastructure, natural resources, and TIPS for portfolio diversification. Experience managing a substantial portfolio of Real Assets. Experience monitoring and evaluating the performance of portfolio holdings ensuring adherence to portfolio's contract compliance and preparing regular reports on a portfolio. Experience with external managers and consultants to implement a strategy using funds and co-investment structures. Experience providing strategic insights and recommendations on portfolio adjustments and recommended implementation changes including periodic structure review process. Experience recommending and evaluating proposed investments through a formal internal review process. Experience managing and mentoring an investment team. EXAMPLES OF ESSENTIAL JOB FUNCTIONS The following examples are intended to describe the general nature and level of work performed by persons assigned to the Senior Investment Officer, LACERA classification. Depending on the assignment, duties may include but not limited to the following: Supervises the development and implementation of an investment management strategy in accordance with the goals and guidelines established by the Board of Investments. Develops and recommends to the Board of Investments policies, portfolio investment structures, and strategies for designated asset classes. Designs, develops, and implements policies, procedures and guidelines to manage the portfolio consistent with the investment strategies adopted by the Board of Investments. Prepares and presents written reports to the Board of Investments concerning problem managers and quarterly performance measurement reports. Monitors outside investment managers to ensure performance and portfolio strategies adhere to investment mandates and contractual compliance. Conducts investment manager searches for the Board of Investments including evaluating Request for Proposals, conducting manager interviews, analyzing portfolio performance and investment management style, and on-site visits. Coordinates the work of and acts as a liaison for consultants with LACERA management and the Board of Investments. Supervises the analysis, evaluation, and recommendation of new investment vehicles and trading practices to LACERA management and the Board of Investments. Provides consultation and advice to the Principal Investment Officer, Chief Investment Officer and Board of Investment members on pension management matters. REQUIREMENTS A Bachelor's degree from an accredited college or university in Finance, Economics, Business Administration, or a related field -AND- Five (5) years' responsible investment management experience including responsibility for continuous supervision and review of an extensive investment program involving the purchase and sale of securities, real estate, or other investment vehicles for a large financial institution or governmental agency. A Master's degree in Business Administration, Finance, or a related subject, may be substituted for one (1) year of the required experience. An additional two (2) years of the required experience may be substituted for the Bachelor's degree -OR- Three (3) years' experience as a Finance Analyst III, LACERA. LICENSE: A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions. ADDITIONAL INFORMATION How to Submit Your Interest... If you wish to be considered for this position, please submit your resume along with a letter of interest which details your experience in the following areas: Real Assets markets of public and private infrastructure, public and private natural resources, and TIPS for portfolio diversification. Overseeing asset allocation, sector exposure, and risk management strategies. Monitoring and evaluating the performance of portfolio holdings ensuring adherence to the portfolio's contract compliance in the real asset category. Developing real assets investment strategy. Conducting investment diligence on external investment strategies to be applied to a portfolio. Providing strategic insights and recommendations to senior management and internal review team on portfolio adjustments and recommended implementation changes. Assessing portfolio risk and developing appropriate risk management strategies. Preparing regular portfolio reports including structure reviews and presenting findings and recommendations to senior investment staff and board of investments. Resume and cover letter must be attached during the submission of your online application. Faxed, emailed, or hard copy resumes, and cover letters will not be accepted. To submit your interest online, go to Careers, and click on the current job opportunities link or click directly here . Please contact Lucy Alvarez-Nunez, Senior Human Resources Analyst at for any questions. LACERA is an Equal Opportunity Employer This is not a Civil Service Examination Any language contained in the job posting supersedes any language contained below. Your Responsibilities: 1. Completing Your Application: a. Before submission of the application, it is your responsibility to ensure that all information provided is correct and complete on the application. Incomplete applications cannot be accepted. b. List each payroll title separately for each job. Do not group your experience. Specify the beginning and ending dates for each job. If you are a Los Angeles County employee and have held multiple positions, do NOT list all of your time with the County under your present payroll title. c. To receive credit, include required documents (e.g., copy of your diploma, transcript, certificate, or license) as directed on the job posting. International degrees in a foreign language must be translated to English and evaluated for equivalency to U.S. standards. Refer to the job posting for specific deadlines for supporting documentation. 2. Requirements on Job Posting: a. Your application will only be accepted if it clearly shows you meet the requirements. The information you give will determine your eligibility and is subject to verification at any time. b. You must be at least 16 years of age at the time of appointment unless other age limits are stated on the job posting. The Federal Age Discrimination in Employment Act (ADEA) of 1967, as amended, prohibits discrimination on the basis of age for any individual age 40 or older. c. Experience is evaluated on the basis of a verifiable 40- hour week, unless specified otherwise. Prorated part-time experience may be acceptable. 3. Application Deadline: All job applications must be completed and submitted before the closing time on the last day of the filing period as indicated on the job posting unless other instructions are provided. Job postings with an open continuous filing period are subject to closure without prior notice. It is to your advantage to file your application early and not wait until the last allowable date and time as you will not be able to apply once the filing period has closed. 4. Change of Name or Address: To change personal information such as your name or address, log into your profile on and make the necessary change. This can be done at any time. 5. Equal Employment Opportunity/Non-Discrimination Policy: a. It is the policy of the County of Los Angeles to provide equal employment opportunity for all qualified persons, regardless of race, color, religion, sex, national origin, age, sexual orientation, disability, or any other characteristic protected by state or federal law. b. If you are an individual requesting reasonable accommodation(s) in the examination process, please contact the testing accommodation coordinator listed on the job posting. The provision of accommodation(s) may be subject to verification, consistent with state and federal law. All accommodation-related information will remain confidential. Disclaimer : The Los Angeles County Employees Retirement Association (LACERA) is not responsible or in any way liable for any computer hardware or software malfunction that may affect the employment application or the application selection process. You assume all responsibility and risk for the use of this system and the Internet generally. This system and the information provided on it are provided on an "as is" and "as available" basis without warranties of any kind, either express or implied. No advice or information given by LACERA or its respective staff members shall modify the foregoing or create any warranty. LACERA expressly disclaims any warranty that the information on this system or on the Internet generally will be uninterruptible or error free or that any information, software or other material accessible from the system is free of viruses or other harmful components. You shall have no recourse against the LACERA as the system provider for any alleged or actual infringement of any proprietary rights a user may have in anything posted or retrieved on our system. LACERA shall not be liable for any direct, indirect, punitive, incidental, special or consequential damages arising out of or in any way connected with the use of this system or with the delay or inability to use it (or any linked sites), or for any information obtained through this system, or otherwise arising out of the use of this system, the Internet generally or on any other basis. NOTE: Your application is submitted using Secure Encryption to ensure the privacy of all information you transmit over the Internet. By accepting the Use Disclaimer set forth herein, you agree to all of the above terms and further agree to use this Online Job Employment Application System only for the submission of bona fide employment applications to the County of Los Angeles. Any other use of this Online Job Employment Application System, including without limitation any copying, downloading, translating, decompiling, or reverse engineering of the system, data, or related software, shall be a violation of the Use Disclaimer. Veteran's Credit : In all open competitive examinations, a veteran's credit of 10 percent of the total credits specified for such examinations will be added to the final passing grade of an honorably discharged veteran who served in the Armed Forces of the United States under any of the following conditions: During a declared war; -or- During the period April 28, 1952 through July 1, 1955; -or- For more than 180 consecutive days, other than for training, any part of which occurred after January 31, 1955, and before October 15, 1976; -or- During the Gulf War from August 2, 1990 through January 2, 1992; -or- For more than 180 consecutive days, other than for training, any part of which occurred during the period beginning September 11, 2001, and ending on August 31, 2010 the last day of Operation Iraqi Freedom; -or- In a campaign or expedition for which a campaign medal or expeditionary medal has been authorized and awarded. Any Armed Forces Expeditionary medal or campaign badge, including El Salvador, Lebanon, Grenada, Panama, Southwest Asia, Somalia, and Haiti qualifies for credit. A campaign medal holder or Gulf War veteran who originally enlisted after September 7, 1980 (or began active duty on or after October 14, 1982, and has not previously completed 24 months of continuous active duty) must have served continuously for 24 months or the full period called or ordered to active duty. This also applies to the spouse of such person who, while engaged in such service was wounded, disabled or crippled and thereby permanently prevented from engaging in any remunerative occupation, and also to the widow or widower of any such person who died or was killed while in such service. A DD214, Certificate of Discharge or Separation from Active Duty, or other official documents issued by the branch of service are required as verification of eligibility for Veterans preference. Applicants must submit the documentation for each open competitive exam to qualify for veteran's credit. More information available at: Accreditation Information : Accredited institutions are those listed in the publications of regional, national or international accrediting agencies that are accepted by the Department of Human Resources. Publications such as American Universities and Colleges and International Handbook of Universities are acceptable references. Also acceptable, if appropriate, are degrees that have been evaluated and deemed to be equivalent to degrees from United States accredited institutions by an academic credential evaluation agency recognized by The National Association of Credential Evaluation Services or the Association of International Credential Evaluators, Inc. (AICE). Background Check : LACERA is a Fair Chance employer. Except as otherwise permissible under applicable laws, you will not be asked to provide information about a conviction history unless you receive a conditional offer of employment. LACERA will make an individualized assessment of whether your conviction history has a direct or adverse relationship with the specific duties of the job, and will also consider potential mitigating factors, including, but not limited to, evidence and extent of rehabilitation, recency of the offense(s), and age at the time of the offense(s). I f asked to provide information about a conviction history, any convictions or court records which are exempted by a valid court order do not have to be disclosed. Benefit Information : Depending on the position, the successful candidate will enroll in a contributory defined benefit pension plan if the candidate is a "new member" of the County's defined benefit plan (LACERA) on or after January 1, 2013 (first employed by the County on or after December 1, 2012) - unless she or he established reciprocity with another public retirement system in which she or he was a member before January 1, 2013. It should be noted that County employees do not pay into Social Security but do pay the Medical Hospital Insurance Tax portion of Social Security at a rate of 1.45%. The Los Angeles County Employees Retirement Association (LACERA) has reciprocal agreements with several public retirement systems in California. Americans with Disabilities Act of 1990 : All positions are open to qualified men and women. Pursuant to the Americans with Disabilities Act of 1990, persons with disabilities who believe they need reasonable accommodation, or help in order to apply for a position, may contact the ADA/Personnel Services for Disabled Persons Coordinator. Hearing impaired applicants with telephone teletype equipment may leave messages by calling the teletype phone number on the job posting. The County will attempt to meet reasonable accommodation requests whenever possible. Equal Employment Opportunity : It is the policy of the County of Los Angeles to provide equal employment opportunity for all qualified persons, regardless of race, religion, sex, national origin, age, sexual orientation, disability, or any other characteristic protected by state or federal law. All positions are open to qualified men and women pursuant to the Americans with Disabilities Act of 1990 and the California Fair Employment and Housing Act. The County will comply with all of its obligations under State and Federal laws regarding the provision of reasonable accommodations to applicants. Los Angeles County Child Support Compliance Program : In an effort to improve compliance with court ordered child, family and spousal support obligations, certain employment and identification information (i.e., name, address, Social Security number and date of hire) is regularly reported to the State Directory of New Hires which may assist in locating persons who owe these obligations. Family Code Section 17512 permits under certain circumstances for additional employment and identifying information to be requested. Applicants will not be disqualified from employment based on this information. Social Security Act of 2004 : Section 419 (c) of Public Law 108-203, the Social Security Protection Act of 2004, requires State and local government employers to disclose the effect of the Windfall Elimination Provision and the Government Pension Offset Provision to employees hired on or after January 1, 2005, in jobs not covered by Social Security. The County of Los Angeles does not participate in the Social Security System. All newly hired County of Los Angeles employees must sign a statement (Form SSA-1945) prior to the start of employment indicating that they are aware of a possible reduction in their future Social Security benefit entitlement. For more information on Social Security and about each provision, you may visit the website , or call toll free . Persons who are deaf or hard of hearing may call the TTY number or contact a local Social Security office. Employment Eligibility Information : Final appointment is contingent upon verification of U.S. citizenship or the right to work in the United States. Immigration law provides that all persons hired after November 6, 1986, are required to present original documents to the County, within three (3) business days of hiring, which show satisfactory proof of 1) identity and 2) U.S. employment eligibility. The California Fair Employment and Housing Act (Part 2.8 commencing with Section 12900 of Division 3 of Title 2 of the Government Code) the Regulations of the Fair Employment and Housing Commission (California Code of Regulations, Title 2, Division 4, Sections 7285.0 through 8504) and other applicable laws prohibit employment discrimination based on an applicant's protected characteristics, including race, color, religion, national origin, ancestry, physical disability, mental disability, medical condition, marital status, sex, sexual orientation, age, pregnancy, childbirth, and other characteristics. Updated August 2024 The Los Angeles County Employees Retirement Association (LACERA) recognizes excellence and performance by providing comprehensive and competitive benefit programs to its employees. Emphasis is directed toward offering you and your family a variety of benefits that help meet your needs and balance your career with your personal life. The main theme of all of the programs is flexibility. MegaFlex Benefit Plan - Benefits may be purchased using a tax free monthly benefits allowance of 14.5% - 17% of the Staff Member's monthly salary. If the monthly cost of the benefits selected is less than the monthly allowance, the Staff Member receives the difference as additional taxable pay. Medical, dental, disability, life and AD&D insurance, annual leave, and health and dependent care spending accounts are available in MegaFlex. Defined Benefit Retirement Plans - to learn more about these plans, contact us at (800) . Savings Plan (401k) - Optional tax-deferred income plan that includes a County match up to 4% of employee's salary. Deferred Compensation Plan (457) - Optional tax-deferred income plan that includes a County match of up to 4% of employee's salary. Leave Time - Instead of traditional sick and vacation leave, employees earn 10 days of annual leave per year and may buy up to 20 additional days of annual leave. Holidays - 13 days per year. Bereavement leave Flexible Spending Accounts - Employees may contribute up to $400 per month tax-free, to Health Care and Dependent Care Spending Accounts. The County contributes $75 per month to the Dependent Care Spending Account. Rideshare Benefits - Monthly transit subsidy, pass purchase program, monthly vanpool subsidy, commuter choice subsidy. Tuition Reimbursement subject to availability of funds. This information is intended to provide a general summary of benefits available to staff members of LACERA and is not legally binding. 01 INSTRUCTIONS TO APPLICANTS: Only online resumes are accepted. By submitting your resume and cover letter, you are expressing interest in being considered for the position. This is a call for resumes and not a civil service examination. The information provided in your resume and cover letter will be reviewed and evaluated to determine if you are among the most qualified for the position. Incomplete, false statements, omission of material facts, or partial information may result in rejection of the application. I have read and understand the instructions and that in order to be considered, my resume must be attached to this application, and include details of my experience as indicated on the bulletin. Yes No 02 important notifications are only communicated via e-mail. DO NOT select "Off" under Email Preferences within your profile or click "Unsubscribe" on our notices if you would like LACERA to notify you regarding your application status, ...

Created: 2024-11-05