County of Alameda

Investment Officer, ACERA (#1346)

$38.05-$64.69 Hourly / $3,044.00-$5,175.20 BiWeekly /
$6,595.33-$11,212.93 Monthly / $79,144.00-$134,555.20 Yearly


DESCRIPTION
Under general direction, conducts complex research and analysis related to the retirement fund's investments; performs real estate program oversight; assists with the administration of investment programs; and performs related duties as required.

DISTINGUISHING FEATURES

This single position classification reports to the Chief Investment Officer, ACERA. The Investment Officer is distinguished from the Chief Investment Officer in that the latter focuses exclusively upon the maximization of return on investment of ACERA funds by the implementation of the ACERA investment program, whereas the Investment Officer is responsible for assisting in the various activities in the day-to-day functioning of the investment program.

EXAMPLES OF DUTIES
NOTE: The following are 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. Reviews investment committee agendas and official minutes for accuracy and completeness.
2. Develops written procedures to increase efficiency, reduce costs or both.
3. Coordinates real estate property and manager due diligence activities, including on-site inspections.
4. Reviews real estate transactions and records, expenses, revenues, reserves and appraisals for reasonableness.
5. Provides administrative oversight of the real estate consultant and asset managers.
6. Assumes primary responsibility for ACERA's corporate governance program.
7. Analyzes and votes proxies in accordance with Board adopted proxy voting policy or oversees such activity as performed by third party vendors.
8. Maintains accurate and timely records of votes cast and reports results of voting activity to Investment Committee.
9. Uses a variety of contacts and/or resources to remain apprised of developments in the corporate governance arena and suggest appropriate changes to policies or procedures.
10. Represents ACERA at corporate governance seminars or conferences.
11. Monitors account holdings for compliance with investment policy and guidelines; prepares and summarizes Exception Reports for Chief Investment Officer's review.
12. Performs compliance audits in accordance with investment policy; contacts vendors directly to resolve deficiencies; reports problems to Chief Investment Officer.
13. Prepares oral, written and graphical presentations to key decision makers by using a variety of applicable software.
14. Researches and makes recommendations regarding investment policies or procedures, portfolio performance or management, asset classes, asset allocation or other related topics.

MINIMUM QUALIFICATIONS
Education:

Graduation from an accredited college or university with a Bachelor's degree in Finance, Economics or in Business Administration with an emphasis in Investments, Finance, Economics, Real Estate or related field.

AND
Experience:

The equivalent of two years of full-time increasingly responsible 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: A Master's degree in finance, public administration, business administration or a related field based on a two-year curriculum may substitute for two years' experience.

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

KNOWLEDGE AND SKILLS
KNOWLEDGE AND ABILITIES

Knowledge of:

• Word processing, spreadsheets, database management and other computer applications.
• Investment management procedures and practices.
• Principles of finance, statistics and administrative analysis.
• Statistical and computer techniques/programs applicable to financial data in evaluating investment managers and portfolios.
• Sources of data for analyzing securities and market trends.
• Diversified securities and available markets.
• Principles and practices of research methods and report preparation.
• The scientific method of solving problems.

Ability to:

• Establish and maintain professional relationships with members of the Retirement Board, ACERA staff, members of the Retirement Association, other governmental agencies, legal and investment professionals and consultants.
• Evaluate external investment managers and consultants performance.
• Write clearly, concisely and persuasively about technical subject matter.
• Understand and assess the quality, accuracy and reliability of manager and consultant reports.
• Exhibit strong interpersonal skills.
• Use spreadsheets and databases for analysis and presentation of information.
• Communicate effectively orally and in writing.
• Plan, assign, direct and review the work of others on a project on day-to-day basis.
• Represent ACERA in meeting with others.
• Work effectively in situations involving change and uncertainty.
• Isolate critical investment data to assess financial risk of investment options.
• Problem solve.

CLASS SPEC HISTORY
Old document VS:jc
6/98
cadssec/invanal
renamed: jobspecs/1346
DA:jc
Revised: 6/2000
New doc: /1346.doc
ys/12/00
CSC Date: 7/19/00
JP:po Revise/Retitle 9/24/09
Old title: Investment Analyst
CSC Date: 10/7/09

BENEFITS

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
  • Employee Mortgage Loan Program
  • 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.