Working Title: Real Estate Investment Manager - Real Assets
Classification: INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Salary: $15,250.00 - $25,416.67
This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0-75% of salary and is based on the level of achievement against several quantitative and qualitative measures. The long-term incentive program provides an additional opportunity of 50-75% of base salary beginning after five years and when absolute total fund returns meet or exceed board-approved thresholds.
Work Location: Sacramento County
Telework: Hybrid
Job Type: Permanent, Full Time
Job Description And Duties
Our Real Assets (RA) Team is currently seeking an Investment Manager (IM) who will assist in the management of the CalPERS RA portfolio in implementing RA’s Strategic Plan. The incumbent will be responsible for sourcing and underwriting new investment opportunities, managing assigned portfolios, and ensuring appropriate processes, controls, systems, and risk management are in place within their area of responsibility to enable investment performance and assure control of operations.
Duties Include But Are Not Limited To:
- Contribute to the implementation of the RA Strategic Plan by researching and conducting investment analysis, oversight work, and making recommendations to the RA Associate Investment Manager. This may include but is not limited to the sourcing and underwriting of new 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).
- Perform asset management duties for assigned partnerships and assets. Use various investment reports and platforms to monitor portfolio activity and performance to ensure fluency and knowledge of the assigned managers, portfolios, assets, markets, and operating agreements.
- Participate in the development and regular update of strategic plans and research reports typically focused on specific sectors, geographies, or trends; tasks include the sourcing, gathering, organization, application, and presentation of data and research.
Telework Information: This position is eligible for hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.
Special Requirements
An executive search firm will be assisting in the recruitment process for this position. Your application package will be forwarded to their team for consideration.
Final Filing Date: Until Filled
