Associate Investment Officer

Associate Investment Officer

Under general supervision, the Associate Investment Officer supports SBCERA's investment program by conducting research, monitoring investments, preparing reports, and making recommendations. The role supports the investment team in managing the investment portfolio and ensuring compliance with investment policies and objectives. SBCERA CORE VALUES IN ACTION Every employee is expected to model SBCERA's core values by acting with integrity, embracing accountability, collaborating across teams, and striving for professional excellence in service to our 50,000+ members and beneficiaries. THE RECRUITMENT PROCESS Candidates are expected to complete the full application including all relevant work experience, education, credentials/professional designations and/or progress toward credentials/professional designations. Zoom interviews will be conducted on or about July 21, 2026. Candidates who most closely meet the needs of SBCERA will then be invited to participate in in-person interviews, which are anticipated to take place on or about August 12, 2026.

Examples of job duties include, but are not limited to:

1. Assist in analyzing global economic and financial markets, as well as pension fund investment management trends and new product developments.
2. Support the implementation of investment program objectives and guidelines.
3. Monitor and analyze cash flows and portfolio liquidity to meet expenditure requirements while maintaining the asset allocation plan.
4. Assist in research and due diligence on existing and prospective investments, including quantitative and qualitative analysis.
5. Assist in monitoring investment performance and evaluating portfolio and manager performance.
6. Prepare special analyses, investment performance reports, and presentations for internal use, Board and Committee meetings, and external stakeholders.
7. Support compliance monitoring and ensure adherence to Board-approved investment policies and guidelines.
8. Participate in investment due diligence meetings with investment managers, consultants, and service providers.
9. Maintain accurate records, investment documentation, and reporting systems.
10. Develop deep proficiency with data, performance and portfolio tools used to manage the portfolio.
11. Collaborate with other investment staff and SBCERA departments to support organizational goals.
12. Perform other related duties as assigned.

To perform this job successfully, an individual must be able to perform each essential function above. The requirements listed below are representative of the knowledge, skill, and/or ability required. Knowledge of: SBCERA's mission, strategic pillars, and core values of Integrity, Accountability & Transparency, Commitment, Effectiveness, Professional Excellence, and Collaboration. Principles and practices of investment analysis, portfolio management, and financial markets. Basic understanding of asset allocation, investment products, and risk management concepts. Techniques and methods for quantitative and qualitative analysis of investments. Principles of investment performance measurement and reporting. Skill to: Apply SBCERA's core values of Integrity, Accountability & Transparency, Commitment, Effectiveness, Professional Excellence, and Collaboration to their daily work assignments. Use sound analytical judgment to evaluate complex investment data and market trends. Communicate persuasively with internal and external stakeholders through written reports, presentations, and verbal briefings. Interpret and apply investment guidelines, policies, and industry standards. Organize and prioritize work to meet competing deadlines in a dynamic, fast-paced environment. Use financial modeling tools, spreadsheets, databases, and performance analytics systems with precision. Demonstrate adaptability and initiative in learning new investment concepts, tools, and strategies. Ability to: Model SBCERA's core values of Integrity, Accountability & Transparency, Commitment, Effectiveness, Professional Excellence, and Collaboration. Conduct research, analyze data, and make reasoned investment recommendations. Communicate clearly and effectively, both orally and in writing. Prepare reports, presentations, and analyses for diverse audiences. Work independently and collaboratively in a fast-paced, team-oriented environment. Use financial software, databases, spreadsheets, and reporting tools. Establish and maintain effective working relationships with colleagues, external service providers, and stakeholders. Travel as necessary for meetings, due diligence, and conferences.

Education, Experience and License/Certificates A combination of education, experience and license/certificate that would likely provide the required knowledge, skills and abilities may be qualifying. A typical way to obtain the knowledge, skills and abilities would be:

• Education: A bachelor's degree in finance, economics, mathematics, accounting, business administration (with an emphasis in investments, economics, or related fields), or a closely related field.
• Experience: At least three (3) years of professional investment experience with multi-asset portfolios in a public agency or financial institution involving investment analysis.
• Desired Designations: Progress toward or having obtained a Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), or Financial Risk Manager (FRM) designation is desirable but not required.
• Licenses and Certificates: A valid California Class C driver's license may be required.
• Special Requirements: Willingness to travel as necessary for meetings, due diligence, and conferences.

Physical Requirements Work is primarily performed in an office environment. Some travel to investment managers, consultants, and conferences may be required. Working Conditions This position requires occasional travel and the ability to work beyond standard office hours as needed to meet deadlines and organizational needs.

Applications must include a resume and cover letter. The information you provide will be used to verify and evaluate your job qualifications. Failure to submit the required materials and/or to provide information that clearly demonstrates possession of the above job qualifications will result in disqualification. There will be a competitive evaluation of qualifications based on a review of all application materials submitted. Applicants must clearly describe their experience in the areas designated. Those who demonstrate exceptional qualifications in the competitive evaluation will be invited to continue in the selection process which may include written and/or performance examinations, oral interviews and/or other related evaluation methods. Prior to employment, the prospective candidate must successfully complete a thorough background review, including being fingerprinted, as well as a medical examination, which will include a drug/alcohol screening. The resulting report of your conviction history, (if any), will be evaluated along with the other information received in connection with your application. Except as otherwise required by law, a criminal conviction will not necessarily disqualify you from the position. The nature, date, surrounding circumstances, and the relevance of the offense to the position applied for may, however, be considered. This position is "at will" and serves at the pleasure of the Chief Executive Officer. Hybrid/Telework and Flexible Work Schedule: This position may be eligible for a hybrid working schedule with 3 days in the office and 2 days working remotely.

SBCERA offers a generous benefits package including:

• Medical Employee Only 100 % SBCERA paid
• Employee +1 75% of the difference between employee-only and employee +1 coverage
• Employee + Family 75% of the difference between employee-only and employee + family coverage
• Dental SBCERA paid for employee and dependents
• Vision SBCERA paid for employee and dependents
• Life Insurance & Accidental Death & Dismemberment - $100,000 SBCERA paid
• Administrative Leave 80 hours/year
• Vacation Leave 80 - 160 hours/year.
• Holiday Leave 14 days + 1 Floating holiday/year
• Sick Leave 3.69 hours/pay period
• Bereavement Leave up to 5 days, with 3 days paid
• Tuition Reimbursement up to $5,000 per fiscal year after 1 year of service.
• Long-Term Disability (LTD) SBCERA paid
• Short Term Disability (STD) SBCERA paid
• Flexible Spending Account (FSA) up to a $40.00/biweekly SBCERA match.
• Dependent Care Assistance Plan (DCAP)
• Colonial Life Voluntary Benefits
• United Pet Care
• Annual Gym Membership Reimbursement up to $324
• 529 Education Savings Plan Scholar Share
• Employee Assistance Program (EAP)
• Retirement Participation in SBCERA's pension plan
• Deferred Compensation 457(b) Plan: Biweekly employer match equal to 1 times the employee's contribution up to 1% of the employee's biweekly base salary upon hire.
• 401(k) Plan : Biweekly employer match 2 times the employee contribution, up to 8% of the employee's biweekly base salary upon hire.