Investment Officer, Private Equity - San Francisco Employees' Retirement System (0922) (128765)
Published: January 12, 2023
Contact:Karen Perez - firstname.lastname@example.org
Apply using SmartRecruiters, the City and County of San Francisco's application portal Learn More
Job class: 0922-Manager I
Starting salary range: $122,200.00 - $156,026.00 (Range A)
Role type: Permanent Exempt What does this mean?
The San Francisco Employees’ Retirement System ("SFERS") offers an exceptional opportunity for the right candidates to serve this historic, well-established City Department by engaging in interesting and rewarding mission-critical work. Established in 1889 as a fund for families and orphans of firefighters and police officers, today the San Francisco Employees’ Retirement System serves more than 75,000 active, vested, and retired employees of the City and County of San Francisco and their survivors.
The San Francisco Employees’ Retirement System is dedicated to securing, protecting, and prudently investing the pension trust assets, administering mandated beneﬁts programs, and providing promised beneﬁts to the active and retired members of the City and County of San Francisco.
Specific information regarding this recruitment process is listed below:
- Application Opening: January 6, 2023
- Application Deadline: Open Until Filled
- Recruitment ID: RTF0128764-01149785
This job announcement will not close before January 25, 2023. Interested applicants are encouraged to apply as soon as possible.
This permanent exempt position is excluded by the Charter from the competitive Civil Service Examination process and shall serve at the discretion of the Appointing Officer.
Reporting directly to the Assistant Portfolio Manager and Director of Private Equity, the Investment Officer is responsible for assisting in the daily management of SFERS’ Private Equity portfolio, with a focus on venture capital and growth equity strategies. The Investment Officer will be part of the six-person Private Equity team, which works collaboratively across various private equity strategies. The incumbent is responsible for supporting sourcing, due diligence, and monitoring activities within the portfolio and has full ownership of all administrative tasks related to the portfolio.
The essential functions of this position include, but are not limited to:
- Assist in the due diligence of existing and potential external investment managers
- Assist in the monitoring of an external manager’s investment performance and the factors affecting performance
- Assist in writing detailed investment recommendations and reports for review to and approval from senior staff
- Assist in reviewing and evaluating key partnership terms and documents. Assist in the due diligence on a manager’s offering memorandum, subscription documents, and other materials related to an existing or prospective investment
- Manage the internal process for monitoring existing and potential investments, including reviewing marketing materials, taking meeting notes, reviewing quarterly reports, and administering capital calls and distributions
- Prepare screening memos and detailed investment memoranda that discuss the merits and considerations of the most compelling investment opportunities
- Organize and maintain subscription documents, offering memorandums, transactions, and other investment documents
- Take direction from senior investment staff and complete assigned tasks accurately and on time
- Responsible for maintaining distributions from external managers, furnishing capital calls to external managers, and other functions related to managing the relationship with external managers
- Responsible for representing SFERS with distinction and class to external managers and other stakeholders
How to qualify
- Possession of a baccalaureate degree from an accredited college or university with major coursework in finance, economics, business administration, accounting, statistics, or similar field; AND
- Three (3) years of investment experience with an investment management firm, pension plan, university, endowment, foundation, corporation, family office, or consulting firm.
- Possession of a graduate degree in Business Administration, Finance, Statistics, Investment Management, Economics or similar field or possession of the Chartered Financial Analyst designation may be substituted for an undergraduate degree in a different field than described above.
- Two (2) years of investment management experience at a position equivalent to an Investment Officer or higher with an investment management firm, pension plan, university, endowment, foundation, corporation, family office, consulting firm or other investment institution with at least $1 billion in assets, or seven years of such responsibility at a firm of any size, may substituted for an undergraduate degree in a different field than described above.
- Knowledge and prior experience with alternatives, specifically venture and growth capital, and/or other private markets strategies (buyouts, real assets, private credit, secondaries, co-investments, etc.), and/or prior knowledge and experience in other asset classes.
- Prior experience in reviewing, evaluating, and negotiating complex partnership and contractual agreements.
- Strong organizational and analytical skills with a demonstrated proficiency with Microsoft Excel, Word, and PowerPoint.
- Strong writing and presentation skills with a genuine interest in the subject matter.
- Strong interpersonal and communication skills (written and verbal).
- Excellent attention to detail and commitment to delivering the highest quality work.
- Ability to work in a fast-paced environment and under the pressure of tight deadlines.
- Ability to effectively prioritize and handle multiple. time-sensitive tasks.
- Highly self-motivated and hardworking with an ability to work and think independently as well as in a collaborative, team-oriented environment.
- High level of professionalism and an ability to build networks and positive working relationships with key internal and external contacts.
- Sound judgment, integrity, and personal values.
The stated desirable qualifications may be used to identify job finalists at the end of the selection process when candidates are referred for hiring.
Applicants may be required to submit verification of qualifying education and experience at any point during the recruitment and selection process. If education verification is required, information on how to verify education requirements, including verifying foreign education credits or degree equivalency, can be found at https://sfdhr.org/how-verify-education-requirements.
Note: Falsifying one’s education, training, or work experience or attempted deception on the application may result in disqualification for this and future job opportunities with the City and County of San Francisco.
All work experience, education, training, and other information substantiating how you meet the minimum qualifications must be included on your application by the filing deadline. Information submitted after the filing deadline will not be considered in determining whether you meet the minimum qualifications.
Resumes will not be accepted in lieu of a completed City and County of San Francisco application.
Applications completed improperly may be cause for ineligibility, disqualification, or may lead to lower scores.
Applications will be screened for relevant qualifying experience. Additional screening mechanisms may be implemented in order to determine candidates’ qualifications. Only those applicants who most closely meet the needs to the Agency will be invited to participate in the selection process. Applicants meeting the minimum qualifications are not guaranteed advancement in the selection process.
What else should I know?
- Information About The Hiring Process
- Conviction History
- Employee Benefits Overview
- Equal Employment Opportunity
- Disaster Service Worker
- ADA Accommodation
- Seniority Credit in Promotional Exams
- Veterans Preference
- Right to Work
- Copies of Application Documents
- Diversity Statement
HOW TO APPLY
All applicants must submit a resume and completed job application (all sections, including Experience and Education, must be completed) in order to be considered. Resumes will not be taken as a substitute for completing the application.
Applications for City and County of San Francisco jobs are only accepted through an online process.
Visit careers.sf.gov and begin the application process.
- Select the “I’m Interested” button and follow instructions on the screen
Applicants may be contacted by email about this recruitment and, therefore, it is their responsibility to ensure that their registered email address is accurate and kept up-to-date. Also, applicants must ensure that email from CCSF is not blocked on their computer by a spam filter. To prevent blocking, applicants should set up their email to accept CCSF mail from the following addresses (@sfgov.org, @sfdpw.org, @sfport.com, @flysfo.com, @sfwater.org, @sfdph.org, @asianart.org, @sfmta.com, @sfpl.org, @dcyf.org, @first5sf.org, @famsf.org, @ccsf.edu, @smartalerts.info, and @smartrecruiters.com).
Applicants will receive a confirmation email that their online application has been received in response to every announcement for which they file. Applicants should retain this confirmation email for their records. Failure to receive this email means that the online application was not submitted or received.
If you have any questions regarding this recruitment or application process, please contact the recruitment analyst, Karen Perez, at email@example.com.
All your information will be kept confidential according to EEO guidelines.
CONDITION OF EMPLOYMENT: All City and County of San Francisco employees are required to be fully vaccinated against COVID-19 as a condition of employment. Someone is fully vaccinated when 14 days have passed since they received the final dose of a two-shot vaccine or a dose of a one-shot vaccine. Any new hire must present proof of full vaccination status to be appointed. Any new hire who will be routinely assigned or occasionally enter High-Risk Settings, must provide proof of having received a COVID-19 booster vaccine by March 1, 2022, or once eligible.
The City and County of San Francisco encourages women, minorities and persons with disabilities to apply. Applicants will be considered regardless of their sex, race, age, religion, color, national origin, ancestry, physical disability, mental disability, medical condition (associated with cancer, a history of cancer, or genetic characteristics), HIV/AIDS status, genetic information, marital status, sexual orientation, gender, gender identity, gender expression, military and veteran status, or other protected category under the law.