$140.81-$179.74 Hourly / $24,408.00-$31,155.00 Monthly / $292,890.00-$373,854.00 Yearly
Reporting to the Retirement Board and to the Board President, the Chief Executive Officer/Chief Investment Officer (CEO/CIO) is the central point of responsibility and accountability for the San Francisco Employees’ Retirement System (System). The CEO/CIO directs all activities of the Retirement System; ensures operation of the System in accordance with its mission, vision and core values, and state and federal law; oversees planning, organization and administration of the Administration, Retirement Services, Investment and Deferred Compensation Divisions of the System; and maintains effective relationships with System stakeholders. The CEO/CIO plans, develops and recommends to the Retirement Board a comprehensive, long-term investment program and investment policy; directs the management of large portfolios of common stocks, bonds, mortgages, real estate and alternative investment categories; directs and participates in capital market research, security analysis and studies of financial trends; maintains liaison with outside investment advisors retained on a consulting basis; maintains harmonious relations with executive management and members of the Retirement Board.
Knowledge of: defined benefit plan and defined contribution plan design and administration; best practices in benefit program administration and management; principles and practices of institutional investing; global economics and capital markets; design of long-term investment programs to fund liabilities; investment theory; asset/liability modeling and asset allocation; active/passive management; costs and the hierarchical nature of the investment risks; best practices in investing; investment related strategic planning; portfolio management techniques; diversified securities and available markets; sources of data for analyzing securities and market trends; methods employed in purchase, sale or transfer of securities; investment management procedures; statistical techniques applied to financial data in evaluating securities; laws governing the sale and purchase of securities; corporate finance.
Ability or Skill to: oversee and direct the activities of the System; recruit and retain qualified staff; analyze and interpret financial statements; evaluate securities; negotiate purchase and sale of securities; prepare reports; develop and maintain effective relationships with those contacted in the course of work; develop, revise and adopt an effective course of action; write and speak effectively; evaluate a sophisticated and complex investment program of a public sector pension fund; negotiate and build consensus with effective social and interpersonal skills; manage key political and stakeholder relationships with effective political and diplomatic skills; and put forward ideas and recommendations while being open to adjusting them based on input from others.
These minimum qualifications establish the education, training, experience, special skills and/or license(s) which are required for employment in the classification. Please note, additional qualifications (i.e., special conditions) may apply to a particular position and will be stated on the exam/job announcement.
Education:
Completion of a four-year college or university with a baccalaureate degree, with major coursework in economics, finance ,or related field of business from an accredited institution.
Experience:
Eight years of managerial and direct supervision experience of which must include:
a. seven years of experience in a senior investment role consulting on or managing or overseeing a complex institutional investment program;
b. In-depth understanding of global economics and capital markets, investment strategies and vehicles, the principles and practices of institutional investing, investment operations, and investment policy development;
c. A positive track record of investment performance;
d. Positive track record of recruiting, hiring, and retaining top talent; and
e. Advocate of defined benefit plans.
ORIGINATION DATE: |
09/09/2013 |
AMENDED DATE: |
10/04/21 |