4331 Security Analyst (Debt Strategies Investment Analyst)

Recruitment #PBT-4331-089503

Introduction

Receipt of applications may close at anytime, but not before Monday, October 1, 2018 by 5:00 PM.

This is a Position-Based Test conducted in accordance with Civil Service Rule 111A.

Established in 1922, the San Francisco Employees’ Retirement System (“SFERS”) is dedicated to securing, protecting and prudently investing pension trust (the “Trust”) assets and administering a defined benefit pension fund for eligible members of the City and County of San Francisco (the “City”), San Francisco Unified School District, City College of San Francisco, and the Superior Court for the County of San Francisco. SFERS’ Retirement Board (the “Retirement Board”) and investment team oversee the management of $23 billion in Trust assets in public equity, public fixed income, private equity, venture capital, real estate, real assets, private credit and absolute return investments.

Our Mission

The San Francisco Employees’ Retirement System is dedicated to securing, protecting and prudently investing the pension trust assets, administering mandated benefits programs, and providing promised benefits to the active and retired members of the City and County of San Francisco.

SFERS is seeking qualified candidates for the position of Security Analyst for SFERS’ debt strategies. Reporting directly to the Senior Portfolio Manager – Private Debt and the Senior Portfolio Manager – Public Fixed Income, the Security Analyst will be responsible for assisting in the management and oversight of SFERS’ private debt, liquid credit, and Treasury portfolios. It is anticipated that the Security Analyst will spend the majority of his/her time on private debt assignments and some time on public fixed income (liquid credit and Treasury) assignments. Under direction and working closely with the Senior Portfolio Manager – Private Debt, the Security Analyst will perform detailed research work and other essential investment and operational functions in accordance with the objectives and guidelines for SFERS’ growing private debt portfolio.   Under direction and working closely with the Senior Portfolio Manager – Public Fixed Income, the Security Analyst will contribute to investment research, monitoring, and analysis regarding SFERS’ liquid credit and Treasury portfolios.

Essential functions of this position include, but are not limited to:

  1. Perform regular due diligence analysis on existing and potential investments including writing meeting notes and producing monthly and quarterly reports.
  2. Conduct both qualitative and quantitative analysis to monitor investment performance and overall risk management.  Work with external consultants and custodian to ensure the accurate reporting of portfolio investments and performance.
  3. Assist in the sourcing and evaluation of prospective investments including monitoring the competitive landscape, maintaining a forward calendar of new and upcoming initiatives, meeting with investment managers, conducting reference checks, creating and updating portfolio models, and managing the private credit database.
  4. Write detailed memoranda that discuss the rationale for investment recommendations as well as the relevant risks and considerations for the most compelling private credit and public fixed income investment opportunities.
  5. Present analysis and recommendations to the Senior Portfolio Managers, Managing Director, CIO or Retirement Board for review and approval as assigned.
  6. Review and assess limited partnership agreements, private placement memorandums, and investment management agreements and assist in the negotiation of relevant agreements.  Prepare subscription documents and coordinate other aspects of the process for funding new investments.
  7. Conduct ongoing active portfolio monitoring and analysis, including direct interaction with SFERS’ investment managers globally; monitoring of specific portfolio exposures, including sub-strategies, geographic, subsector and/or other factors; developing relevant and custom benchmarks when necessary to measure performance; and monitoring of investment cash flows, including fees and expenses.
  8. Generate portfolio characteristic and compliance reports, performance analysis and attribution, and other ad hoc projects.
  9. Perform administrative duties related to legal, compliance and other portfolio initiatives.
  10. Assist in the development of requests for proposals, vendor evaluation, and recommendations regarding tools and/or systems.
  11. Monitor and process capital calls and distributions.

Minimum Qualifications

  1. Possession of a baccalaureate degree from an accredited college or university, with major coursework in economics, business, finance, banking or closely related field; AND
  2. Three (3) years of relevant investment experience with a major financial institution, consulting organization, pension fund, endowment or foundation including experience monitoring and measuring performance within institutional portfolios and the capital markets; developing quantitative applications to analyze and monitor public and/or private investments including the qualitative skills for assessment and recommendations; AND
  3. Computer proficiency including Windows-based software for database management, word processing, spreadsheets and investment-related analytical tools.

Substitution:

  1. Possession of a Graduate Degree in Business Administration, Economics, or similar field may substitute minimum qualifications #1.
  2. Possession of Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) designation and a baccalaureate degree in a different field may substitute minimum qualifications #1.
  3. One additional year of relevant investment experience as described above under minimum qualifications #2 and a baccalaureate degree in a different field may substitute for minimum qualifications #1.

Desirable Qualifications:

The stated desirable qualifications may be used to identify job finalists at the end of the selection process when candidates are referred for hiring.

  • Strong desire to assist with both administrative efforts and investment analysis.
  • Possession or in the process of completing a Chartered Financial Analyst program, the Chartered Alternative Investment Analyst program and/or an advanced degree.

How To Apply

Applications for City and County of San Francisco jobs are only accepted through an online process. Visit www.jobaps.com/sf to register an account (if you have not already done so) and begin the application process.

  • Select the job announcement PBT-4331-089503
  • Select “Apply” and read and acknowledge the information
  • Select either “I am a New User” if you have not previously registered, or “I have Registered Previously”
  • Follow instructions on the screen

Computers are available for the public (from 8:00 a.m. to 5:00 p.m. Monday through Friday) to file online applications in the lobby of the Dept. of Human Resources at 1 South Van Ness Avenue, 4th Floor, San Francisco.

Applicants may be contacted by email about this announcement and, therefore, it is their responsibility to ensure that their registered email address is accurate and kept up-to-date. Also, applicants must ensure that email from CCSF is not blocked on their computer by a spam filter. To prevent blocking, applicants should set up their email to accept CCSF mail from the following addresses (@sfgov.org, @sfdpw.org, @sfport.com, @flysfo.com, @sfwater.org, @sfdph.org, @asianart.org, @sfmta.com, @sfpl.org, @dcyf.org, @first5sf.org).

Applicants will receive a confirmation email that their online application has been received in response to every announcement for which they file. Applicants should retain this confirmation email for their records. Failure to receive this email means that the online application was not submitted or received.

All work experience, education, training and other information substantiating how you meet the minimum qualifications must be included on your application by the filing deadline. Information submitted after the filing deadline will not be considered in determining whether you meet the minimum qualifications.

Applications completed improperly may be cause for ineligibility, disqualification or may lead to lower scores.

If you have any questions regarding this recruitment or application process, please contact the exam analyst, Grace Tam, by telephone at 415-487-7028, or by email at Grace.Tam@sfgov.org.

Verification:

Applicants may be required to submit verification of qualifying education and experience at any point during the recruitment and selection process. If education verification is required, information on how to verify education requirements, including verifying foreign education credits or degree equivalency, can be found at http://sfdhr.org/index.aspx?page=456

Note: Falsifying one’s education, training, or work experience or attempted deception on the application may result in disqualification for this and future job opportunities with the City and County of San Francisco.

Selection Procedures

Supplemental Questionnaire Evaluation: (Weight: 100%)

Candidates will be prompted to complete a supplemental questionnaire as part of the online employment application. The Supplemental Questionnaire Evaluation is designed to measure knowledge, skills and/or abilities in job-related areas which may include but not be limited to: investment knowledge; security analyst experience; quantitative and analytical skills; computer skills; presentation and oral communication skills; and written communication ability.

A passing score must be achieved on the Supplemental Questionnaire Evaluation in order to be ranked on the eligible list.

 

Applicants meeting the minimum qualifications are not guaranteed advancement in the selection process. The department may administer additional selection procedures upon certification in order to make a final hiring decision.

 

Candidates’ scores on this examination may also be applied to other announcements involving other job titles, when directed by the Human Resources Director.

 

Certification: The certification rule for the eligible list resulting from this examination will be Rule of Ten Scores. The hiring department may conduct additional selection processes to make final hiring decisions.


Eligible List: The duration of the eligible list resulting from this examination process will be six months, and may be extended with the approval of the Human Resources Director.


Upon approval of the Human Resource Director (see Civil Service Rule 111A.26.5), the eligible list resulting from this announcement may be used by other departments that also use this classification or a similar classification. To find other Departments which use this classification, please see http://www.sfdhr.org/Modules/ShowDocument.aspx?documentID=21246. Search that document by title or job code to see which departments use the classification.

Conviction History

As a finalist for a job, you will be fingerprinted, and your fingerprints will be sent to the California Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI). The resulting report of your conviction history (if any) will be used to determine whether the nature of your conviction (or arrest, in limited circumstances) conflicts with the specific duties and responsibilities of the job for which you are a finalist. If a conflict exists, you will be asked to present any evidence of rehabilitation that may mitigate the conflict, except when federal or state regulations bar employment in specific circumstances, such as:

  • Candidates for positions with the Unified School District and the Community College District may be disqualified from consideration should their conviction history not meet the standards established under the California Education Code.
  • Candidates for positions with the Recreation and Park Department may be disqualified from consideration should their conviction history not meet the standards established under California Public Resources Code 5164.

Having a conviction history does not automatically preclude you from a job with the City.

If you are selected as a finalist, the hiring department will contact you to schedule a fingerprinting appointment.

Disaster Service Workers

All City and County of San Francisco employees are designated Disaster Service Workers through state and local law (California Government Code Section 3100-3109). Employment with the City requires the affirmation of a loyalty oath to this effect. Employees are required to complete all Disaster Service Worker-related training as assigned, and to return to work as ordered in the event of an emergency.

Conclusion

Reasonable Accommodation Request:
http://sfdhr.org/getting-job#applicantswithdisabilities

Veteran’s Preference:
http://sfdhr.org/getting-job#veteranspreference

General Information concerning City and County of San Francisco Employment Policies and Procedures:
http://www.sfdhr.org/index.aspx?page=20

Copies of Application Documents:
http://sfdhr.org/getting-job#copies

 

Right to Work:

http://sfdhr.org/getting-job#identification

Position Based Testing:
http://sfdhr.org/getting-job#positionbasedtesting

Terms of Announcement:
Applicants must be guided solely by the provisions of this announcement, including requirements, time periods and other particulars, except when superseded by federal, state or local laws, rules or regulations. Clerical errors may be corrected by posting the correction on the Department of Human Resources website at www.jobaps.com/sf. The terms of this announcement may be appealed under Civil Service Rule 111A.35.1. The standard for the review of such appeals is ‘abuse of discretion’ or ‘no rational basis’ for establishing the position description, the minimum qualifications and/or the certification rule. Appeals must include a written statement of the item(s) being contested and the specific reason(s) why the cited item(s) constitute(s) abuse of discretion by the Human Resources Director. Appeals must be submitted directly to the Executive Officer of the Civil Service Commission within five business days of the announcement issuance date.

Entrance
Issued: September 25, 2018

Recruitment No.: 089503
Micki Callahan, Director
Team: RET/GT (415) 487-7028

Benefits

All employees hired on or after January 10, 2009 will be required (pursuant to San Francisco Charter Section A8.432) to contribute 2% of pre-tax compensation to fund retiree healthcare. In addition, most employees are required to make a member contribution towards retirement, ranging from 7.5%-13.25% of compensation. For more information on these provisions, please contact the personnel office of the hiring agency.

For more information about benefits, please click here.

 



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