INVESTMENT OFFICER II, STATE TEACHERS' RETIREMENT SYSTEM

at  State Teachers Retirement System

THE INVESTMENT OFFICER II POSITION IS ELIGIBLE FOR INCENTIVE COMPENSATION AND HAS A MAXIMUM INCENTIVE OPPORTUNITY OF 10% OF BASE SALARY.

The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer II 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, growth equity, 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 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!
Under the general direction of the Portfolio Manager, the Investment Officer II is responsible for performing the full range of duties associated with the independent review and evaluation of new and follow-on partnerships, assisting in the management of a portfolio of domestic and international partnerships, and assisting in the management of co-investment and secondary interest segments of the private equity portfolio. The incumbent is expected to perform complex duties requiring a high degree of independence and discretionary judgment.

The ideal candidate will possess the following skills:

• 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

Duties will be adjusted at the Investment Officer I level.
An incumbent who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.
Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.
Does this opportunity seem right for you? If so, see the Application Instructions section below and apply now.
You will find additional information about the job in the Duty Statement.
Working Conditions
CalSTRS offers a hybrid approach with staff working on-site at our Headquarters in West Sacramento 2-3 days per week.
All staff of CalSTRS are employees of the State of California and subject to California employment taxes and withholdings. Upon appointment, staff are required to provide a current California address to CalSTRS Human Resources to be used as a remote work location.
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for visa sponsorship by the start date of employment with CalSTRS.
Minimum Requirements
You will find the Minimum Requirements in the Class Specification.

CALSTRS: SECURING THE FINANCIAL FUTURE AND SUSTAINING THE TRUST OF CALIFORNIA’S EDUCATORS

CalSTRS is the largest educator-only pension fund in the world, providing retirement, disability and survivor benefits to California’s more than 1 million public school educators and their families. The Investments Branch manages a portfolio that is broadly diversified into seven asset categories with assets totaling approximately $325.9 billion as of January 31, 2024. In 2023, the CalSTRS Investments Branch was named one of the Best Places to Work in Money Management by the Pensions & Investments magazine for the ninth time since 2013.
CalSTRS is committed to setting best practice precedents, implementing innovative diversity and inclusion principles, motivating positive change, and advancing the worlds investment markets. We do this by establishing collaborative relationships across a vast network of investment managers, portfolio companies and industry associations in order to maximize returns and leverage opportunities for positive change.
Our two U.S. Green Building LEED Platinum-certified headquarters buildings in West Sacramento, California, feature sustainable construction, abundant natural lighting, an organic garden, sustainable beekeeping and ergonomic functionally designed workspaces. We offer a variety of on-site amenities to our team members, including two full-service cafés, two free fitness centers, a bicycle rental library and a child care center with a covered playground. Team members enjoy walks along the Sacramento River and nearby seasonal farmers markets.
In addition to our state-of-the-art amenities, we offer thriving wellness and sustainability programs, an award-winning employee recognition program, and ongoing training, learning and development opportunities. We offer competitive benefits, flexible work hours and hybrid work options. We are committed to creating a workplace where our team members thrive.
If you’re looking for a rewarding career and are interested in becoming part of a diverse and inclusive workforce where talent, expertise and wellness are valued, we encourage you to find out more about our many career options at CalSTRS.com/about-CalSTRS.
Special Requirements

CALSTRS DISCLOSURE REQUIREMENTS

This position may be subject to disclosure and disqualification requirements concerning economic conflict of interest in government work, including the Conflict of Interest Code that applies to CalSTRS team members and the Political Reform Act, 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).
Application Instructions
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: 8/14/2024

Please refer the Job description for details