Job Description and Duties
In addition to completing your online job application, the hiring manager is requesting that you complete a Statement of Qualifications (SOQ) for review.
Please see the Special Requirements section for instructions.
Our Total Fund Portfolio Management (TFPM) group is currently seeking an Associate Investment Manager to provide a high level of decision-making authority in the areas of strategy development and portfolio structuring and drive our CalPERS mission.
Duties include, but are not limited to :
Manage and ensure the generation and / or delivery of model-driven asset allocation strategies, coordinating with various staff, external research consultants, data vendors, and benchmark providers.
Review model output, manage adherence with compliance requirements and risk exposures, and oversee the communication between all stakeholders, culminating with internal implementation.
Act as a subject matter expert in private asset class research and allocation-related processes within the TFPM or at the Total Fund level.
Provide in-depth analysis of private company fundamentals, investment alternatives, and industry competitiveness. Enhance and automate Private Equity LBO / Growth Equity / VC / Real Assets / Infrastructure returns and risk forecasting frameworks and tools to support private asset strategies.
Telework Information : This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.
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Special Requirements
Statement of Qualifications
Please provide a Statement of Qualifications (SOQ) for the hiring manager’s review. Applications received without an SOQ or those that do not respond to the specific questions below will not be considered.
The SOQ must be typed, titled Statement of Qualifications , and each question must be numbered and answered listing all relevant experience, education, and training, including places of employment, dates, and duties performed.
The SOQ must not exceed two pages in length and must not have font smaller than 11 point.
- Describe your background as it relates to the position’s Duty Statement.
- Describe a project you've led that relates directly to the responsibilities outlined in the duty statement.
- Describe your experience creating presentations and presenting to your peers and team leaders.
Minimum Qualifications
All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position.
The Classification Specification is located on this Job Posting under "Minimum Requirements."
Please Note : You may need to pass an examination to establish list eligibility prior to any type of job offer. To find and take an exam, visit the .
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CalPERS also offers disability retirement, partial service retirement, and death benefits for eligible employees.
401(k) and 457(b) Plans (Savings Plus)
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This allows you to contribute, through payroll deduction, up to twice the amount available to the private sector and most public sector employees.
You can contribute on both a pre-tax and an after-tax designated Roth basis that offers you the opportunity to take advantage of tax savings now and in the future.
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Cash In Lieu of Health and / or Dental Benefits (Cash Option)
Allows you to receive cash in lieu of state-sponsored health and / or dental benefits insurance if you have other qualifying medical and / or dental coverage through a spouse, domestic partner, parent or other source.
Common Carrier Travel and Accident Insurance for Excluded Employees Only
Offers employer-paid accidental death and dismemberment insurance to managers, supervisors and other specified employees who travel on state business.
Commute Program
Voluntary benefits that subsidize commuting expenses for eligible employees who commute to and from work using public transportation, vanpools, or bicycles.
Consolidated Benefits (CoBen)
Provides a benefit allowance, rather than specific contribution amounts for health, dental and vision benefits. You may receive additional taxable income each month, depending on the total cost of the benefit plans you choose.
Consolidated Omnibus Budget Reconciliation Act (COBRA)
Continuation of health, dental, and vision insurance coverage as well as medical reimbursement account for employees and eligible dependents who involuntarily lose coverage.
Death Benefits
Benefits available to legal survivors and / or designees of state employees; see "Planning Ahead" handbook.
Planning Ahead Handbook Dental Benefits
Offers you and your dependents preventive, basic and major dental care coverage through one of several dental plans.
Employee Assistance Program
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866) EAP-4SOC
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Group Legal Services Insurance
Voluntary, employee-paid plan that provides comprehensive legal coverage designed to meet most common personal legal needs.
Available to eligible employees and their eligible dependents.
Group Long-Term Disability Insurance For Excluded Employees Only
Voluntary, employee-paid plan that replaces a portion of the employee's income in the event the employee is unable to work for six months or longer due to a covered illness or injury.
Health Benefits
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CalPERS Health and Wellness
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Long-Term Care Program
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Reimbursement Accounts
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You can increase your take home pay and decrease your taxable income.
Third-Party Pre-Tax Parking Reimbursement Account Program
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Vision Benefits
Employer-paid benefit that offers you and your dependents an annual eye examination and an allowance for frames and lenses.
An enhanced vision plan is also available which provides higher allowances for certain materials and other benefits.