Description
This position is eligible for incentive compensation and has a maximum incentive opportunity of 50% of base salary.
The CalSTRS Investments Branch is seeking an experienced individual to work as an Associate Portfolio Manager on the Inflation Sensitive team.
The Inflation Sensitive Unit was developed to improve diversification of the overall Investment Portfolio by seeking investment strategies and security types that would protect it against inflation, generate enhanced yield and provide stable cash flows. The unit’s portfolio is currently split between private investments in Infrastructure, Agriculture, and Timberland, and public investments such as U.S. TIPS and Commodities. The Inflation Sensitive Portfolio is a unique hybrid asset class of multiple asset types that will invest in a diversified portfolio of strategies and securities utilizing a mixture of both internal and external management. The unit will seek to lower CalSTRS overall portfolio volatility and positively capture long-term changes in inflation.
Under the general direction of the Portfolio Manager of Inflation Sensitive, the Associate Portfolio Manager provides independent analysis and consultation regarding the development and implementation of various Inflation Sensitive strategies within the asset class and participates in the-day-to-day management of the Inflation Sensitive portfolios.
The ideal candidate will possess the following skills:
Experience with infrastructure and alternative investments
Experience performing investment due diligence
Experience preparing investment recommendations and making formal presentations both written and verbal
Strong leadership and teamwork skills
Ability to effectively analyze information to reach supportable conclusions
Experience prioritizing and ensuring deadlines are met
Ability to research and analyze complex issues with strong attention to detail
Ability to work independently
Ability to take the initiative
Possession of a degree in business, finance, economics or other closely related field
An incumbent who possesses a professional certification in one of the following designations: Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or Chartered Alternative Investment Analyst (CAIA) may receive a 5% monthly base pay differential. Only one 5% base pay differential is eligible regardless of the number of certifications.
Relocation benefits may be available.
In July 2025, the State of California implemented the Personal Leave Program 2025. This program reduces employees’ monthly base pay in exchange for paid leave credits. This position is NOT subject to PLP 2025.
