Position Information

Position Information Message
Private Equity Investment Officer (Investment Officer II)

Job Description and Duties

The CalSTRS Investments Branch is seeking two experienced individuals to work as an Investment Officers on the Private Equity team.

Established in 1988, CalSTRS Private Equity program invests globally in partnerships, separate accounts, general partner interests, secondary interests and co-investments. Investments include buyouts, equity expansion, debt-related and venture capital. External advisors support the program by providing investment selection advice, research and gate-keeping services.
 
Private Equity is a fast-paced, team-oriented environment with opportunities for training and advancement. While collaborating with some of the best general partners, advisors, consultants and attorneys, you will contribute to the success of one of the largest Private Equity programs in the world. Team members will collaborate with the broader CalSTRS Investment Office leaders and engage in projects ranging from evaluation of co-investments, secondary transactions, and other private equity investment strategies.
 
Come join the Private Equity team as we work toward our goal of enhancing equity returns and ultimately ensuring retirement benefits for California’s educators!
 
Responsibilities of the Investment Officer II include:
  • Performing the full range of duties associated with the independent review and evaluation of new and follow-on partnerships in a multi-billion-dollar private equity portfolio of active commitments.
  • Assisting in the management of a portfolio of domestic and international partnerships contained in the private equity portfolio.
  • Assisting in the management of co-investment and secondary interest segments of the private equity portfolio.
  • Assisting in the design, development and effectuation of procedures and guidelines to manage the Private Equity portfolio consistent with the investment strategies, and existing policy and procedures adopted by the CalSTRS’ Investment Committee.
The Investment Officer II is eligible for incentive compensation and has a maximum incentive opportunity of 10% of base salary.
 
An Investment Officer II who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.
 
The ideal candidate will be results oriented with proven knowledge and experience with investment in private equity or a related field.

Minimum Requirements

You will find the Minimum Requirements in the Class Specification.
 

Additional Documents

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:
  • BA/BS/MBA or possession of an advanced degree in finance, accounting or other related fields
  • Experience performing private market attribution analysis
  • Experience with benchmarks and performance criteria
  • Experience in interaction with external management consultants, advisor, and/or legal expert
  • Experience in underwriting, investment due diligence and investment recommendation
  • Strong financial modeling, portfolio analytics and presentation skills
  • Team player with a strong work ethic, high integrity, and desire to learn
  • Excellent written and verbal communication skills
  • CFA designation or other professional certification such as CAIA

Benefits

CalSTRS offers a competitive pay schedule and a work-life-balance for all its employees. The State of California provides comprehensive benefits packages determined by the employee’s bargaining unit and conditions of employment. Some benefits include:

  • Alternative work schedules
  • Flexible work hours
  • Remote work options
  • Medical benefits, including health, dental and vision insurance
  • Paid holidays and a defined benefit retirement program
  • More than four weeks of vacation/sick leave for leaders
  • More than three weeks of vacation/sick leave for staff
  • Health insurance in retirement
  • Employee Assistance Program
  • Loan forgiveness under the federal Public Service Loan Forgiveness Program

For the latest information on the benefits offered by the state of California, explore the Health Benefits Summary provided by CalHR.

Position: Private Equity Investment Officer (Investment Officer II)
Organization: California State Teachers' Retirement System
Location: West Sacramento,  CA 
United States
Salary: $7,137.00 - $8,932.00 per Month
Posting Start Date: 1/12/2022
Date Posted: 1/12/2022
Requirements
Exam
This position requires a current Investment Officer II, CalSTRS Exam. If you need to take the exam or if your score has expired, click here to gain list eligibility.
 
CalSTRS Personal Trading Program
Investment Branch employees are required to participate in the CalSTRS Personal Trading Program which allows CalSTRS to monitor employees’ personal trading transactions in order to reduce risks associated with insider trading, front running, and misusing material non-public information. Upon accepting a position within the Investment Branch, you will be required to disclose your personal broker account information and be required to utilize a personal broker from a designated list as provided by CalSTRS.

Background Investigation


Prior to employment with CalSTRS, a background investigation (BI) will be conducted. The BI consists of a Personal History Statement and fingerprinting through the Department of Justice. The BI will check criminal and civil records and, if applicable, verify education and check driving records.

The position may be subject to the disclosure and disqualification requirements concerning economic conflict of interest in government work, pursuant to the CalSTRS Conflict of Interest Code and the Political Reform Act.

 

Application Instructions

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: Until Filled

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.

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:

 
 
State Teachers' Retirement System
Attn: Recruitment
P.O. Box 15275, MS 31
SacramentoCA 95851-0275

Address for Drop-Off Application Packages

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

 
 
State Teachers' Retirement System
CalSTRS, Attn: Recruitment
100 Waterfront Place
West SacramentoCA 95605
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.
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.

ADDITIONAL APPLICATION INSTRUCTIONS

  • Electronic applications through your CalCareer account are highly recommended. If you are unable to apply electronically through your CalCareer account, please mail or drop off a hard copy of your application packet. Please provide the following information on your application: RPA 5307, JC-261579
  • If education is being used to meet the minimum qualifications, please submit a copy of your transcripts/degree.
  • Training and Development (T&D) assignments may be considered for this position. If you are applying as a T&D, please indicate this in the eligibility section of your application.
  • Candidate may be selected by application packet review only.
  • Multiple positions may be filled from this recruitment.
Status: This listing expires on: 2/11/2022
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Organization Information
Name:
California State Teachers' Retirement System
Address:
100 Waterfront Place

West Sacramento,  CA 95605
United States
Email:
Recruitment@calstrs.com
Phone:
(916) 414-4990
Fax:
Contact:

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The Public Pension Financial Forum is organized for education, pension advocacy and networking purposes. To support the ongoing education of our membership, we prepare quarterly newsletters, hold member facilitated conference calls and webinars, and host an annual conference.  We also have a Member Forum that allows members to ask questions and receive answers from each other.  To participate in P2F2, follow the member enrollment link above.