Retirement Investment Officer (#EB2860)
$58.70-$71.35 Hourly / $10,174.35-$12,366.99 Monthly / $122,092.27-$148,403.92 Yearly


Under administrative direction of the Retirement Administrator, administers and reviews the investment program; develops comprehensive investment agreements with investment managers selected by the Board of Retirement; monitors and analyzes investment performance; assists in the planning, and development of investment strategies; serves as liaison with external investment managers; and performs related or other duties as required.


This is a single position, exempt class. The incumbent is responsible for participating in the management of the retirement investment strategy as set forth by the policies of the Board of Retirement, and to monitor and analyze fund investments. The incumbent reports to the Retirement Administrator who has overall responsibility for direction and oversight of he retirement system and strategic oversight of the SJCERA investment program.


  • Analyzes economic, financial markets on a global basis; researches and analyzes pension fund management trends and new product development within the institutional investment industry.
  • Assists the Retirement Administrator in developing objectives and guidelines for the investment program; analyzes and reports on the performance of contracted investment managers; may recommend the termination of investment contracts and participates in the evaluation and selection of replacement vendors; prepares Requests for Proposals; participates in required due diligence as outlined in the Investment Policy Statement.
  • Monitors, analyzes and assists the Retirement Financial Officer with cash flow projections for the retirement system to anticipate fund expenditure requirements to ensure sufficient cash balances to meet fund expenditure requirements while maximizing the earnings power of funds available for investment; properly maintains the asset allocation plan approved by the Board of Retirement.
  • Assists in the drafting and processing of investment agreements with external investment managers.
  • Evaluates the various investments in the portfolio; prepares special analyses of underlying portfolio investments and monitors investment performance relative to original expectations and regularly revised projected returns; researches and screens various investment products and services, and prepares reports, analysis and recommendations for the Retirement Administrator.
  • Attends monthly Financial Board of Retirement meetings and investment sub-committees’ meetings, and participates in said meetings as directed by the Retirement Administrator.
  • Reviews and drafts proposed legislation as it affects investment and financial procedures of public retirement systems.
  • Consults and meets with various groups, governmental agencies, County departments, actuaries, auditors, investment managers and consultants as needed.


Education: Graduation from an accredited four year college or university with a major in economics, finance, accounting, business/public administration (with an emphasis in investment, economics, finance, accounting, or real estate) or a closely related field.

Experience: Three years of professional investment experience in a public agency or financial institution, which involved investment analysis, economic analysis, treasury analysis, trust administration, actuarial analysis, investment reporting, or performance measurement. 

Substitution: A master’s degree in any of the above listed educational areas or a Chartered Financial Analyst (CFA) designation may substitute for one year of the required experience.


Principles and practices of institutional investing, financial analysis, benchmarking, administrative analysis and customer service; principles of pension administration, actuarial analysis, and benefits administration; modern office procedures, practices, and equipment, including computers and applicable software applications such as spreadsheets, databases, and electronic data processing systems, particularly as it is applied to accounting and investment operations.


Evaluate and strategize the management of a public pension system investment portfolio; analyze and communicate the strategies related to complex financial investments; perform complex financial analysis; prepare and write reports or presentations; establish and maintain effective working relationships; effectively communicate verbally and in writing; operate office equipment including computers and supporting word processing, spread sheet and database applications; adapt to changing technologies and learn the functionality of new equipment and systems; make presentations to Boards and management groups; develop complex plans and reports; utilize personal computers to generate investment management analyses (e.g. spreadsheet modeling); exercise appropriate judgment in answering questions and releasing information.


Mobility-Frequent operation of a data entry device and sitting for long periods of time; occasional standing for long periods of time, walking, pushing/pulling, bending/squatting, driving, and climbing stairs; Lifting-Frequently 5 lbs or less; occasionally 5 to 30 lbs.; Visual-Constant use of overall vision and reading/close-up work; frequent need for color perception, hand/eye coordination, and field of vision; Dexterity-Frequent holding, reaching, grasping, repetitive motion, and writing; Hearing/Talking-Frequent hearing of normal speech, hearing on the telephone, talking in person and on the telephone; Emotional/Physiological Factors-Frequent decision making, concentration, and working alone; speaking in public; occasional public contact; Special Requirements-May require working weekends/nights; occasional travel; Environmental Conditions-Occasional exposure to noise, dust, and poor ventilation; occasional exposure to varied weather conditions.

San Joaquin County complies with the Americans with Disabilities Act (ADA) and, upon request, will consider reasonable accommodations to enable individuals with disabilities to perform essential job functions.

CLASS: EB2860; EST: 2/9/2007;