INVESTMENT OFFICER III, PUBLIC EMPLOYEES RETIREMENT SYSTEM

Investment Officer III

This position is eligible for incentive compensation and has a maximum incentive opportunity of 20% of base salary. The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer III on the Inflation Sensitive team. The Inflation Sensitive Unit was developed to improve diversification of the overall Investment Portfolio by seeking investment strategies and security types that would protect it against inflation, generate enhanced yield and provide stable cash flows. The unit's portfolio is currently split between private investments in Infrastructure, Agriculture, and Timberland, and public investments such as U.S. TIPS and Commodities. The Inflation Sensitive Portfolio is a unique hybrid asset class of multiple asset types that will invest in a diversified portfolio of strategies and securities utilizing a mixture of both internal and external management. The unit will seek to lower CalSTRS overall portfolio volatility and positively capture long-term changes in inflation.

Under the general direction of the Associate Portfolio Manager, the Investment Officer III performs as a high-level specialist who is responsible for leading and supporting comprehensive oversight of the Inflation Sensitive portfolio by leading investment processes, conducting in-depth financial and risk analyses, coordinating reporting and audits, advancing systems and procedures, and collaborating across internal and external partners to ensure strategic alignment and effective portfolio oversight. The incumbent performs highly complex duties requiring a high degree of independence, confidentiality, creativity and discretionary judgment to support Inflation Sensitive's strategic goals.

The ideal candidate will possess the following skills:

• Bachelor's degree in finance, economics, business, statistics, or a related field
• CFA, CAIA, or other industry certification
• Direct experience with infrastructure due diligence and/or asset management across infrastructure, real assets, or alternative investments
• Financial modeling experience
• Understanding of cash flows
• Detailed understanding of legal and financial aspects of investment transactions
• Strong project management skills
• Experience leading, developing, mentoring, or coaching staff
• Strong understanding of diverse business structures
• Excellent written and oral communication skills
• Ability to research, analyze, and interpret information
• Ability to prioritize and ensure deadlines are met

An incumbent who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential. Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.

In July 2025, the State of California implemented the Personal Leave Program 2025. This program reduces employees' monthly base pay in exchange for paid leave credits. This position is subject to PLP 2025 and will have a monthly base pay reduction of 3% in exchange for 5 hours of leave credits for the duration of the program. The salary ranges shown on this job posting do not reflect the reduced amounts. Does this opportunity seem right for you? If so, see the Application Instructions section below and apply now.

You will find additional information about the job in the Duty Statement.