Position Details
Job Code #: JC-505909
Position #: 275-640-4671-026
Working Title: Real Estate Investment Officer, Real Assets
Classification: INVESTMENT OFFICER II, PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Salary: $7,993.00 - $10,004.00
This position is eligible for an annual incentive award and a Charter Financial Analyst (CFA) pay differential. The annual incentive opportunity is 0-10% 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.
New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.
# of Positions: 1
Work Location: Sacramento County
Telework: Hybrid
Job Type: Permanent, Full Time
Job Description And Duties
In addition to completing your online job application, you must provide a Statement of Qualifications (SOQ) for the hiring manager’s review. Please see the Special Requirements section for instructions and questions for the SOQ. Applications received without an SOQ will not be considered.
Anticipated Interview Dates: We anticipate holding in-person interviews approximately one month from the final file date. We look forward to meeting with you!
The Investment Office’s Real Assets division is seeking an Investment Officer II with strong analytical skills and a collaborative mindset to support the Strategy, Portfolio Analysis, Risk & Research (SPARR) team. This position plays a critical role in portfolio analytics, governance oversight, insurance risk management, and board-level reporting across the Real Assets program.
The incumbent will work closely with senior investment staff, governance partners, insurance brokers, and external stakeholders to support investment decision-making, risk oversight, and policy compliance for one of the largest public pension funds in the nation.
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.
Final Filing Date: 2/8/2026
