Position Details
Job Code #: JC-473400
Position #: 275-640-4695-025
Working Title: Infrastructure Investment Officer
Classification: INVESTMENT OFFICER III, PUBLIC EMPLOYEES RETIREMENT SYSTEM
Salary: $10,370.00 - $12,367.00
This position is eligible for an annual incentive award and Charter Financial Analyst (CFA) pay differential. The annual incentive opportunity is 0-20% of salary and is based on the level of achievement against several quantitative and qualitative measures. Permanent full-time employees who possess certification as a CFA may receive a 5% monthly base pay differential.
# of Positions: 1
Work Location: Sacramento County
Telework: Hybrid
Job Type: Permanent, Full Time
Job Description And Duties
Under the direction of the Real Assets Associate Investment Manager (AIM) and/or Real Assets Investment Manager (IM), the Investment Officer III (IO III) is principally responsible for sourcing and underwriting new Infrastructure investment opportunities, managing the existing portfolio, research, and strategic planning. The IO III will maintain a positive team approach while demonstrating CalPERS’ Core Values of Quality, Respect, Integrity, Openness, Accountability, and Balance in accordance with personal work ethic in alignment with CalPERS Investment Beliefs.
Duties Include But Are Not Limited To:
- Sourcing and underwriting of new Infrastructure investment opportunities, including new partnerships (e.g., commingled funds or separately managed accounts) and single assets and/or platforms (direct investments, co-investments, or investments falling outside partners delegated authorities).
- Lead in the review of due-diligence materials (including, among others, financial statements, advisors’ reports, financial models, legal documents, and investment memorandums).
- Develop financial forecasts, including Microsoft Excel model creation and/or manipulation of an existing one, with a focus on valuation, scenario analysis, risk assessment, business analysis, and the review and analysis of key qualitative and quantitative metrics.
- Negotiation and drafting of legal documentation, including term sheets and partnership agreements, with the assistance of external and internal legal counsels.
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.
Final Filing Date: 5/8/2025
