Infrastructure Investment Officer

Job Description and Duties

Anticipated Interview Dates: We anticipate holding virtual interviews approximately two to three weeks after the final file date. We look forward to meeting with you!

CalPERS is one of the largest global private infrastructure investors, with investments in sectors such as digital infrastructure, renewables, power, energy, and transportation. This role offers a unique opportunity to help grow the portfolio, working with top global infrastructure managers and gaining hands-on experience in evaluating and managing infrastructure investments.

A strong work ethic and passion for investing are essential for candidates seeking to grow their expertise in this role.

Duties include but are not limited to:

• Sourcing and underwriting new investments across commingled funds, co-investments and separate accounts and assisting the Investment Manager in managing the existing portfolio.
• Developing and maintain fluency and knowledge of the infrastructure market, including assigned infrastructure managers, portfolios, operating and shareholder agreements.
• Participate in strategic planning and portfolio reporting projects and in making recommendations to Senior Management and Investment Committees.
• Participate in educational sessions and sector updates to develop sector investment expertise.
• Occasional domestic and/or potential international travel

Permanent full-time employees who possess certification as a Chartered Financial Analyst may receive a monthly pay differential of 5%.

Every 12 months, based on performance evaluation, employees may receive a salary increase until they reach the maximum salary for the position.

Telework Information : This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.

Sponsorship: This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for a visa sponsorship now or in the future. CalPERS does not participate in E-Verify for employment authorization purposes.

Effective July 1, 2025, the California Department of Human Resources (CalHR) implemented the Personal Leave Program 2025 (PLP 2025). PLP 2025 directs that each employee shall receive a 3 percent reduction in pay in exchange for 5 hours of PLP 2025 leave credits, monthly. The salary range(s) included in the job advertisement do not reflect the 3 percent reduction in pay.

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Working Conditions

• Moderate amount of travel.

Special Requirements

Minimum Qualifications

All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position. The Classification Specification is located on this Job Posting under "Minimum Requirements."

Please Note: You may need to pass an examination to establish list eligibility prior to any type of job offer. To find and take an exam, visit the CalHR’s CalCareers website .

Career Services & Outreach

Need help with your state application, resume, Statement of Qualifications, or interview preparation?

The CalPERS Career Services & Outreach (CSO) team provides comprehensive support throughout the CalPERS hiring process. Our services include one-on-one online consultations for application assistance, Statement of Qualification review, and interview preparation. To schedule an appointment and receive personalized guidance from our team, please use the following booking link: CalPERS Career Services Consultations .

Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:

• Possession of an advanced degree, such as an MBA, or certifications such as CFA, CAIA, or other equivalent financial or accounting certification
• Experience in infrastructure or private equity due diligence and/or asset management
• Financial modeling skills and understanding of cash flows
• Strong knowledge of legal and financial aspects of investment transactions
• Excellent written and verbal communication
• Ability to research, analyze, and interpret complex information
• Skilled at presenting clear recommendations to varied audiences
• Strong prioritization and deadline management
• High attention to detail and ability to work independently

Benefits

CalPERS team members are eligible for a number of benefits. Health benefits and leave programs are available for most team members. Benefit eligibility may depend on length of service and collective bargaining agreements.

Some added benefits CalPERS offers include:

• Alternate Work Schedules
• Flexible Work Hours
• Onsite childcare facility
• Onsite fitness center
• Onsite café and nearby restaurants
• Free onsite parking available Mondays and Fridays, subject to change 
• Free offsite parking available with shuttle service Tuesdays, Wednesdays, and Thursdays

For more details about employee benefits, visit the California Department of Human Resources website.

Additional Information

Live Scan
Candidates not currently employed at CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.

CalPERS Disclosure Requirements
If employed, you may be subject to rules imposed by Personal Trading Regulations and Conflict of Interest Code that apply to CalPERS team members, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700)

Surety Bond
Must be able to qualify for a Surety Bond.

Please do not include any confidential information on any documents in your application package. Confidential information that should be excluded or removed from these documents include, but is not limited to, your social security number, date of birth, marital status, personal photos, a copy of your driver’s license, equal employment opportunity data, examination scores, and LEAP status.

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is optional. It may be included, but is not required.