County of Alameda

Investment Analyst,ACERA (#1343)

Bargaining Unit: Unrep - ACERA Classes (066)
$33.43-$56.84 Hourly / $2,674.40-$4,547.20 BiWeekly /
$5,794.53-$9,852.27 Monthly / $69,534.40-$118,227.20 Yearly

Under general supervision conducts basic research and analysis related to the retirement fund's investments; performs basic accounting practices and applications in regards to investment reconciliation; performs related duties as required.


This classification reports to the Chief Investment Officer, ACERA, and assists in the various activities in the day-to-day functioning of the investment program. Incumbents typically work as a junior member of the investment program and are assigned independent work assignments of a well-defined and limited nature. Incumbents of positions in the next higher class of Investment Officer, ACERA are responsible for handling continuing assignments in the day-to-day functioning of the investment program with limited supervision.

NOTE: The following are the duties performed by employees in this classification. However, employees may perform other related duties at an equivalent level. Each individual in the classification does not necessarily perform all duties listed.

1. Monitors ACERA's portfolio compliance program in accordance with ACERA investment policy guidelines. Assist to implement the electronic version of the same by utilizing the platform of ACERA's custodian bank. Analyze and report exceptions.
2. Assists in Investment Committee meeting production including preparation of agenda and minutes. Attend the Committee and Board meetings.
3. Prepares Daily Holdings analysis and monitors rebalancing activities.
4. Attends all staff meetings.
5. Reviews proxy voting analyses provided by outside vendors to ascertain that votes are cast in compliance with ACERA voting policy. Reports the results of voting activities to the Chief Investment Officer, annually.
6. Conducts primary reviews of monthly performance reports from custodian bank and of the reasonableness of managers' fees and consultants' fees. Reconcile ACERA's monthly financial statement report with custodian bank's records as they pertain to the Investment department.
7. Completes external surveys for ACERA's portfolio.
8. Performs basic analyses for ACERA including portfolio manager's performance attributions and styles.
9. Responsible for phone correspondence, filing, mailing, faxing, and copying. Draft letters as assigned.


Graduation from an accredited college or university with a Bachelor's degree in Investment, Finance, Economics or Accounting.


The equivalent of one year of full-time financial analysis experience in a financial institution, which has included some combination of financial research and analysis, report preparation, compliance monitoring, relationship and/or program management.

NOTE: The Civil Service Commission may modify the above Minimum Qualifications in the announcement of an examination.

NOTE: The level and scope of the following knowledge and abilities are related to duties listed under the "Examples of Duties" section of this specification.

Knowledge of:

• Word processing, spreadsheets, database management and other computer applications.
• Basic investment management procedures and practices.
• Principles of investments, finance, statistics and administrative analysis.
• Business office procedures.

Ability to:

• Communicate effectively with co-workers and vendors.
• Understand the principles of investment, finance and accounting.
• Understand the concept of institutional investment portfolio construction and management.
• Use Excel, Word, Microsoft Outlook and other relevant computer software.
• Analyze financial data.

CK:pf 10/11/01
Newspecs: 1343.doc
CSC Date: 11/14/01
HC:po Revised 3/3/06
CSC Date: 3/29/2006
JP:po Revise/Retitle 9/24/09
old title: Junior Investment Analyst
CSC Date: 10/7/2009


Alameda County offers a comprehensive and competitive benefits package that affords wide-ranging health care options to meet the different needs of a diverse workforce and their families. We also sponsor many different employee discount, fitness and health screening programs focused on overall well being.  These benefits include but are not limited to*:

For your Health & Well-Being

  • Medical – HMO & PPO Plans
  • Dental – HMO & PPO Plans
  • Vision or Vision Reimbursement
  • Share the Savings
  • Basic Life Insurance 
  • Supplemental Life Insurance (with optional dependent coverage for eligible employees)
  • Accidental Death and Dismemberment Insurance 
  • County Allowance Credit
  • Flexible Spending Accounts - Health FSA, Dependent Care and Adoption Assistance
  • Short-Term Disability Insurance
  • Long-Term Disability Insurance
  • Voluntary Benefits - Accident Insurance, Critical Illness, Hospital Indemnity and Legal Services
  • Employee Assistance Program

For your Financial Future

  • Retirement Plan - (Defined Benefit Pension Plan)
  • Deferred Compensation Plan (457 Plan or Roth Plan)

For your Work/Life Balance

  • 11 paid holidays
  • Floating Holidays
  • Vacation and sick leave accrual
  • Vacation purchase program
  • Management Paid Leave**
  • Catastrophic Sick Leave
  • Group Auto/Home Insurance
  • Pet Insurance
  • Commuter Benefits Program
  • Guaranteed Ride Home
  • Employee Wellness Program (e.g. At Work Fitness, Incentive Based Programs, Gym Membership Discounts)
  • Employee Discount Program (e.g. theme parks, cell phone, etc.)
  • Child Care Resources
  • 1st United Services Credit Union 

*Eligibility is determined by Alameda County and offerings may vary by collective bargaining agreement.  This provides a brief summary of the benefits offered and can be subject to change.

** Non-exempt management employees are entitled to up to three days of management paid leave. Exempt management employees are entitled to up to seven days of management paid leave.