Investment Officer (Private Markets)
Orange County Employees Retirement System Santa Ana, CA, USA
- Location: Santa Ana, CA, USA
- Categories: Accounting and Finance, Other
- Job Type: Full Time
- Posted: Jan 16, 2025
Job Description:
Investment Officer (Private Markets)
Description
CORE COMPETENCIES:
The Investment Officer will be expected to:
- Recommend and/or make decisions within the scope of their asset class mandate and role
- Mentor, manage and/or develop junior investment talent as needed
- Represent OCERS, the Investments Division, and their designated asset class when needed
- Participate in vetting, onboarding, and training new investment staff
- Manage investment department initiatives and develop project implementation plans as assigned
- Maintain a high level of oral and written communication
- Act as a model of OCERS’ culture
- Maintain a high level of accountability
- Contribute to the strategic and long-term goals of the organization
- Anticipate future asset class challenges and develop plans to optimize future results
- Have clear expectations on personal career development
ESSENTIAL DUTIES AND RESPONSIBILITIES:
The Investment Officer will be expected to perform operational, financial, and investment analysis to support OCERS' system and investment team initiatives and to perform other tasks as assigned. These include but are not limited to the following:
- Provide subject matter expertise to the CIO and the Investments Team in administering the long-term investment policy, strategic objectives, portfolio guidelines, and manager selection required for successful portfolio performance.
- Perform various investment functions as the team member primarily responsible, with minimal supervision.
- Serve as the primary contact or liaison with several external service providers, such as consultants and advisors, and take the lead in monitoring such providers’ reports, data, interfaces, and information systems.
- Regularly monitor a significant number of selected investment managers to assess performance, risk and return, and investment strategy.
- Recommend the selection or termination of an investment manager for reasons articulated clearly in oral and written analyses.
- Travel to perform due diligence manager reviews; take a lead role in coordinating meetings when so assigned.
- Monitor compliance with Board-approved investment policies, strategies, and portfolio guidelines.
- Assist the Investments Team in working with pension investment consultants to coordinate asset allocation studies and integrate results into the long-term investment strategy.
- Assist the Investments Team in working with pension investment consultants to coordinate pacing plans for private markets asset classes.
- Assist in the formal process of portfolio transition and prepare board-level progress or exception reports when required.
- Work effectively with investment counsel on legal issues.
- Interface effectively with Trustees and key OCERS staff members, communicating such interactions with the CIO and/or the Director of Investments.
- Monitor portfolios of marketable and non-marketable securities to assess and maintain current valuation in custodian statements.
- Prepare materials for Investment Committee meetings with assigned primary responsibility for one or more sections or segments.
- Work effectively with financial auditors, legislative and regulatory agencies, and others to fulfill information requests.
- Review memos, reports, and correspondence for quality control.