Private Equity Quant Analysis Investment Officer
The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer I 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 I include:
- Performing analysis to evaluate analytics, such as portfolio data, strategy, sub-strategy, manager and benchmark information and present findings.
- Gathering data from master custodian, third party data provider, advisors, benchmark provider and other sources to analyze Private Equity portfolio to perform detailed analysis.
- Assisting in the management of a legacy portfolio of domestic and international partnerships
- Assisting with developing and maintaining models for Private Equity that include performance attribution projections based on market assumptions, portfolio construction, benchmark composition, cash flow projections and strategy.
- Assisting with analyzing the co-investment portfolio on key metrics, risk, performance measures and valuation methodologies used to determine fair value.
Duties will be adjusted at the Investment Officer II level.
The Investment Officer II is eligible for incentive compensation and has a maximum incentive opportunity of 10% of base salary.
An Investment Officer I or II who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.
The ideal candidate for this position will be a highly motivated self-starter with a strong work ethic and a high degree of integrity.
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
- Excellent written and verbal communication skills
- Strong interpersonal skills
- Ability to research, analyze, and interpret information
- Ability to establish and maintain positive and professional working relationships
- Ability to successfully multi-task and re-direct job focus when needed
- Ability to research and analyze complex issues with strong attention to detail
- Ability to effectively access and utilize resources to gather information quickly
- Ability to work independently, exercising a high degree of initiative, independence, and discretionary judgment
- 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
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.
Private Equity Quant Analysis Investment Officer
||California State Teachers' Retirement System
||West Sacramento, CA
||$3,728 - $7,080 / month
|Posting Start Date:
This position requires a current Investment Officer I, CalSTRS or 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.
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.
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for visa sponsorship now or in the future.
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.
Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. 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: 12/4/2020
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
P.O. Box 15275, MS 31
Sacramento, CA 95851-0275
Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
CalSTRS, Attn: Recruitment
100 Waterfront Place
West Sacramento, CA 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.
- Resume is required and must be included.
- 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 4909, JC-223036
- 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.
||This listing expires on: 12/4/2020