County of Alameda

Investment Analyst, ACERA (#1343)

Bargaining Unit: Unrep - ACERA Classes (066)
$57.58-$73.49 Hourly / $4,606.40-$5,879.20 BiWeekly /
$9,980.53-$12,738.27 Monthly / $119,766.40-$152,859.20 Yearly

This classification specification describes the entry level of the Investment Officer, Alameda County Employees’ Retirement Association (ACERA), flexibly staffed series.  Incumbents of this classification, under general supervision of the Investment Operations Officer, conduct basic research and analysis related to the operations of the retirement fund’s investments; perform operational duties, basic accounting, and investment reconciliation practices; perform ad hoc and related duties as required.


This classification is part of a three-level flexibly staffed classification series of the Investment Officer, ACERA, series classifications.  This position is located in the Office of Alameda County Employees’ Retirement Association (ACERA), and reports to the Investment Operations Officer, ACERA, and with limited supervision, assists in the various activities in the day-to-day operations of the investment program.  Incumbents typically work as members of the investment program and are assigned independent work assignments of a well-defined nature.  

Investment Analysts, ACERA, are eligible to flexibly promote to the higher-level class of Investment Officer, ACERA, after two (2) years and a successful job evaluation performance.

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. Primarily responsible for providing support to the overall Investment team, includes but not limited to monitoring ACERA’s portfolio compliance program in accordance with ACERA investment policy guidelines.  Assist to implement 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.  Prepares the reported results of voting activities to the Investment Operations Officer, annually.
  6. Conducts primary reviews of monthly performance reports from custodian banks 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’s portfolio including portfolio manager’s performance attributions and styles.
  9. Responsible for phone correspondence, filing, mailing, faxing, and copying.  Draft letters as assigned.



Possession of a bachelor’s degree from an accredited college or university in investment, finance, economics, accounting, or business administration.


The equivalent of one (1) year of professional 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 and portfolio procedures and practices.
  • Principles of investments, finance, statistics, and administrative analysis.
  • Business office procedures.
  • Financial data evaluation and reporting.
  • Basic understanding of securities and market trends.
  • Basic principles and practices of research methods and report preparation.
  • Problem-solving and process improvement.
Ability to:

  • Communicate effectively in writing and orally with co-workers, stakeholders, and vendors.
  • Understand the principles of investment, finance, and accounting.
  • Understand the concept of institutional investment portfolio construction and management.
  • Manage multiple priorities, meet deadlines, and embody a team-first approach.
  • Utilize a proactive approach to managing and completing tasks and responsibilities.
  • Use Excel, Word, Microsoft Outlook, and other relevant computer software.
  • Analyze financial data and be attentive to details.


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
RE:sa Revised 08/11/2022
CSC Date:01/11/2023
IL:saa Revised 01/23/2024
CSC Date:03/06/2024


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

  • 12 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.

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