4331 Investment Analyst - Private Equity
|Department||San Francisco Employees' Retirement System|
|Date Opened||9/4/2020 10:30:00 AM|
|Filing Deadline||10/23/2020 5:00:00 PM|
|Salary||$106,574.00 - $129,506.00/year|
|Job Type||Permanent PBT|
Receipt of applications may close at anytime, but not before September 14, 2020 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.
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.
The SFERS Retirement Board (the "Retirement Board") and investment team oversee the management of over $27 billion in Trust assets in public equity, public fixed income, private equity, venture capital, real assets, private credit and absolute return investments. The SFERS investment team has distinguished experience and educational backgrounds. Our investment strategy is unique, we have an exceptional research platform and our returns consistently rank near the top compared to other defined benefit plans.
SFERS is seeking qualified candidates for the position of Investment Analyst for its large and growing private markets portfolio, which currently includes over $8 billion in investments in venture capital, private equity, and real assets. Under direction and working closely with the Senior Portfolio Managers (“SPMs”), the Investment Analyst will perform complex research work in helping construct and manage a global private markets portfolio through the sourcing, underwriting, execution and active management of investment partnerships, co-investments and direct investments in accordance with SFERS’ private markets strategy and risk-adjusted return objectives for the underlying asset classes. While the Investment Analyst will be exposed to a variety of private markets strategies within the portfolio, it is expected that the majority of time will be allocated to private equity investment opportunities, particularly venture capital and growth.
The essential functions of this position include, but are not limited to:
- Assist in the evaluation of investment opportunities, including meeting with investment managers, conducting reference checks, investment modeling, and performing other qualitative and quantitative analyses.
- Manage the internal process for monitoring existing and potential investments, including reviewing marketing materials, taking meeting notes, reviewing quarterly reports, and administering capital calls and distributions.
- Prepare screening memos and detailed investment memoranda that discuss the merits and considerations of the most compelling investment opportunities.
- Present investment recommendations (both written and oral) to the SPMs, Managing Director, CIO and Retirement Board for review and approval as assigned.
- Conduct ongoing active portfolio management, including direct interactions with SFERS’ investment managers globally; monitoring of specific portfolio exposures, including geographic, subsector and/or other factors; reviewing relevant benchmarks; and monitoring of investment cash flows, including fees and expenses.
- Monitor the competitive landscape and maintain a forward calendar of new and upcoming investment opportunities, including management of the private market databases.
- Conduct thematic research by analyzing and monitoring primary source data to identify investment trends, risks and investable opportunities.
- Assist in development of requests for proposals, vendor evaluation, and recommendations regarding tools and/or systems.
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.
Possession of a baccalaureate degree from an accredited college or university; AND
Experience: Two (2) years of relevant investment experience with a major financial institution, consulting organization, pension fund, endowment, foundation, family office, or sovereign wealth fund, 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 qualitative skills for assessment and recommendations
- Possession of a baccalaureate degree from an accredited college or university with a major coursework in economics, business, finance, accounting, mathematics, statistics, banking may substitute for one (1) year of the required experience.
- Possession of a master’s degree in economics, business, finance, accounting, mathematics, statistics, banking, or similar field may substitute for the required education and experience.
- Possession of a Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) designation may substitute for the required education and experience.
The stated desirable qualifications may be used to identify job finalists at the end of the selection process when candidates are referred for hiring.
- Possession of a Graduate Degree in Business Administration, Economics or related field.
- Possession or in the process of completing the Chartered Financial Analyst program and/or a Chartered Alternative Investment Analyst program.
- Experience with investment analysis and financial modeling in Private Markets.
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-4331-105991
- 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, Tess Bobila, by telephone at 415-487-7026, or by email at Tess.Bobila@sfgov.org.
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.
In line with the Official Public Health Order to slow the spread of COVID-19, “shelter-in-place” has been issued for all San Francisco residents that is expected to be in effect until further notice. As a result, Department of Human Resources (DHR)’s office (located at 1 South Van Ness Avenue, 4th Floor, San Francisco, CA 94103) is currently closed to the general public. If you have any questions, please feel free to email the Human Resources Analyst listed on this announcement.
Minimum Qualification Supplemental Questionnaire (Weight: Qualifying):
Candidates will be prompted to complete a Supplemental Questionnaire as part of the online employment application. This Minimum Qualification Supplemental Questionnaire is designed to obtain specific information regarding an applicant's experience in relation to the Minimum Qualifications for this position. Applicants must also complete the official application. It is essential that applicants provide complete information in identifying their education, experience and training. The Minimum Qualification Supplemental Questionnaire will be used to evaluate if the applicant possesses the required minimum qualifications.
Supplemental Questionnaire Evaluation: (Weight: 100%)
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; investment 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.
Please note that the answers to the supplemental questionnaire will be the main criteria for determining candidates' final scores and advancing to the next step of the selection process.
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.
As a selected candidate 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 selected candidate. 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 a selected candidate, 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.
Eligible List/Score Report:
A confidential eligible list of applicant names that have passed the civil service examination process will be created, and used for certification purposes only. An examination score report will be established, so applicants can view the ranks, final scores and number of eligible candidates. Applicant information, including names of applicants on the eligible list, shall not be made public unless required by law. However, an eligible list shall be made available for public inspection, upon request, once the eligible list is exhausted or expired and referrals resolved. The eligible list/score report resulting from this civil service examination process is subject to change after adoption (e.g., as a result of appeals), as directed by the Human Resources Director or the Civil Service Commission. The duration of the eligible list resulting from this examination process will be 6 (six) months, and may be extended with the approval of the Human Resources Director. To find Departments which use this classification, please see https://sfdhr.org/sites/default/files/documents/ASO-Level-Chart.pdf?documentID=21246.
The certification rule for the eligible list resulting from this examination will be Rule of Three Scores. Additional selection processes may be conducted by the hiring department prior to making final hiring decisions.
Reasonable Accommodation Request:
General Information concerning City and County of San Francisco Employment Policies and Procedures:
Copies of Application Documents:
Right to Work:
Position Based Testing:
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.
Issued: September 4, 2020
Recruitment No.: 105991
Micki Callahan, Human Resources Director
Team: RET/TB (415) 487-7026
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.