Career Opportunity

Investment Analyst, Operations - San Francisco Employees' Retirement System (4331) (131572)

Recruitment: RTF0131571-01120089

Published: February 27, 2023

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About:

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.

Our Mission

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:  February 27, 2023
• Application Deadline:  Open Until Filled
• Recruitment ID: RTF0131571-01120089

This job announcement will not close before March 10, 2023. Interested applicants are encouraged to apply as soon as possible.

Appointment Type

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.

Role description

Reporting directly to the Investment Operations Director, the Investment Analyst of Operations will be responsible for assisting in the management and oversight of SFERS' investment performance and attribution reporting.

The Investment Analyst is a member of the Investment Operations team of SFERS. The Retirement Board sets forth the policies and procedures for the investment program. This position provides technical, professional, and administrative support for the Investment Operations Director. The incumbent of the position is expected to have a deep understanding of performance measurement and reporting standards for investment portfolios across a diverse range of asset classes including public equity, fixed income, real assets, private equity, private credit, and absolute return.

Essential duties of this position include, but are not limited to:

1. Spearheading the design of policies, procedures, and controls for investment performance reporting and reconciliation for the retirement system.
2. Create and implement policies and controls on the maintenance and review of the composition of and changes to SFERS composites and benchmarks.
3. Conduct primary review and monitoring of performance reporting for SFERS investment accounts and composites across all asset classes.
4. Coordinating and reconciling performance reporting across SFERS’ custodian, investment managers, and consultants to proactively identify and resolve any reporting differences.
5. Assisting with the preparation, review, and dissemination of reporting for relevant public records requests.
6. Assisting with account/investment subscription documentation for limited partnerships and other private investments.
7. Assisting with the processing of global custodial requests such as account and market openings, to facilitate investment initiatives.
8. Assisting with the fulfillment of ad-hoc reporting requests from internal and external parties as required.
9. Responding to audit requests related to investment performance reporting.
10. Assist in investment research/analysis as required by investments operations staff.

How to qualify

Minimum Qualifications

1. Possession of a baccalaureate degree from an accredited college or university; AND
2. Two (2) years of relevant investment experience with a major financial institution, consulting organization, pension fund, endowment, foundation, family office, or sovereign wealth fund, including experience monitoring and measuring performance within institutional portfolios and the capital markets; developing quantitative applications to analyze and monitor public and private investments including qualitative skills for assessment and recommendation.

Substitution

• Possession of a baccalaureate degree from an accredited college or university with a major coursework in economics, business, finance, accounting, mathematics, statistics, banking may substitute for one (1) year of the required experience.
• Possession of a master’s degree in economics, business, finance, accounting, mathematics, statistics, banking, or similar field may substitute for the required education and experience.
• Possession of a Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) designation may substitute for the required education and experience.

Desirable Qualifications

• Two (2) years of analyst-level work in investment quality control, reconciliation, and reporting.
• Possession of a Graduate Degree in Business Administration, Public Administration, Economics, Environmental Management or related field.
• Possession or in the process of completing the Chartered Financial Analyst program and/or a Chartered Alternative Investment Analyst program.
• Experience with performance measurement and attribution for a public pension or endowment fund.

The stated desirable qualifications may be used to identify job finalists at the end of the selection process when candidates are referred for hiring.

Verification

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.

Selection Procedures

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 karen.perez@sfgov.org.

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.