Description
This position is eligible for incentive compensation and has a maximum incentive opportunity of 20% of base salary.
The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer III (IO III) 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 Associate Portfolio Manager, the IO III provides high level investment and financial expertise to staff and management. The incumbent is responsible for developing and implementing various investment strategies and initiatives associated with the underwriting of investment managers, individual assets, co- investments, or direct investments for an Inflation Sensitive investment portfolio that could include infrastructure, timber, agriculture and other potential investment types with inflation-linked characteristics and provides investment and financial expertise on complex operational activities related to risk, audit, process and controls. The incumbent performs highly complex duties requiring a high degree of independence, confidentiality, creativity and discretionary judgment to support Inflation Sensitive’s strategic goals.
The ideal candidate will possess the following skills:
Bachelor’s degree in finance, economics, business, statistics, or a related field
CFA, CAIA, or other industry certification
Direct experience with infrastructure due diligence and /or asset management
Experience with infrastructure and alternative investments
Financial modeling experience
Understanding of cash flows
Detailed understanding of legal and financial aspects of investment transactions
Experience leading, developing, mentoring, or coaching staff
Strong understanding of diverse business structures
Strong project management skills
Excellent written and oral communication skills
Ability to research, analyze, and interpret information
Ability to present information clearly, both orally and in writing, to a wide range of audiences
Ability to effectively analyze information to develop and present appropriate recommendations
Ability to prioritize and ensure deadlines are met
Ability to research and analyze complex issues with strong attention to detail
Ability to work independently
An incumbent who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.
Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.
