Job Description

Job Description and Duties

Career Services live Zoom sessions : Join us on Thursday, March 27, 2025, from 12:00 to 1:00 p.m. for an opportunity to connect with leaders from our Investment Office (INVO) and learn about exciting job opportunities and the application process. Please RSVP by Wednesday, March 26, 2025, by emailing [email protected] . Additional INVO job opportunities are linked below. We look forward to seeing you there! 

Anticipated Interview Dates:  We anticipate holding virtual interviews on an ongoing basis until the position is filled.

This position will run until filled with the following cutoff dates for review: The first cutoff date will be 3/15/25, and then the 1st and 15th of each month until filled.

In addition to completing your online job application, you must provide a Resume for the hiring manager’s review. Applications received without a Resume will not be considered.

Do you enjoy working in fast-paced environment?
Do you thrive working in a positive, dynamic team environment?
Do you enjoy all aspects of financial and investment analysis?
If so, this Investment Officer III position could be right for you!

Under the supervision of the Associate Investment Manager (AIM), Private Market Operations, the Investment Officer III (IO III) is primarily responsible for private markets operational processes. The Private Market Operations Lead will play a critical role in supporting INVO by managing capital calls and distributions, establishing process for new investment strategies, system implementations, and investment operational health metrics. This role requires a meticulous individual with a strong analytical mindset and a deep understanding of investment operations. The IO III will maintain a positive and collaborative team approach while demonstrating CalPERS’ Core Values of Quality, Respect, Integrity, Openness, Accountability, and Balance in accordance with personal work ethic in alignment with CalPERS Investment Beliefs. 

Duties include but not limited to:

• Develop and implement streamlined processes and tools needed to gather investment and financial data, allow timely analysis and planning, and produce expense reports, projections, and forecasts to be utilized by INVO executives in strategic decision making. 
• Perform in-depth analysis of financial statements, investment portfolios, and market data to assess risks and opportunities. 
• Generate solutions and formalize a methodology using business intelligence tools for managing INVO’s total operating expenses to identify and report expenses against relevant investment industry benchmarks. 
• Assist the AIM to develop and implement a financial management operating model to improve investment expense management and total fund financial reporting. 
• Oversee and educate junior investment officers while participating in the creation of customized investment expense management reports, audit reports, and agenda items to ensure transparency.

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.

How did you hear about this position? Tell us in this brief survey .

You will find additional information about the job in the .

Special Requirements

Resume

In addition to completing your online job application, you must provide a Resume for the hiring manager’s review. Applications received without a Resume will not be considered.

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 CalHR’s CalCareers website .

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:

• Experience in asset management, pension or institutional investor industry, financial services, or accounting industry 
• Advanced degree or professional certification (e.g., CFA, CPA) preferred 
• Proven experience in private operations and data analysis within an investment or financial services environment 
• Experience with analyzing business requirements for automation and efficiencies, and building technical data models to support management reporting 
• Flexibility to handle new systems or processes and learn new skills to support investment strategies or products

Benefits

CalPERS team members are eligible for a number of benefits. Health benefits and leave programs are available for most team members. Benefit eligibility may depend on the length of service and collective bargaining agreements.

Some added benefits CalPERS offers include:

• Alternate Work Schedules
• Flexible Work Hours
• Onsite childcare facility
• Onsite fitness center
• Onsite café and nearby restaurants
• Free onsite parking available Mondays and Fridays
• Free offsite parking available with a shuttle service on Tuesdays, Wednesdays, and Thursdays

For more details about employee benefits, visit the California Department of Human Resources website.

Additional Information

Live Scan
Candidates not currently employed at CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.

CalPERS Disclosure Requirements
If employed, you may be subject to rules imposed by Personal Trading Regulations and Conflict of Interest Code that apply to CalPERS team members, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700)

Sponsorship
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for a visa sponsorship now or in the future.

Surety Bond
Must be able to qualify for a Surety Bond.

Please do not include any confidential information on any documents in your application package. Confidential information that should be excluded or removed from these documents include, but is not limited to, your social security number, date of birth, marital status, personal photos, a copy of your driver’s license, equal employment opportunity data, examination scores, and LEAP status.

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 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.

Job Tags

Permanent employment, Full time, Flexible hours, Monday to Friday,

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