San Joaquin County Employees’ Retirement Association—SJCERA
SJCERA is a $4.6 billion multi-employer public employee retirement system that provides retirement, disability, and survivors’ benefits to eligible employees of San Joaquin County and nine other participating employers. SJCERA has constructed a diversified portfolio that invests across public and private markets, including a risk mitigation component, designed to meet the annual assumed rate of return of 6.75%. SJCERA is responsible for maximizing investment returns on member and County contributions and minimizing expenses for administration.
The Board of Retirement oversees the administration of the benefits and investments in accordance with the California statutes, Internal Revenue Code, and SJCERA's bylaws and policies. For more information about SJCERA, the Board of Retirement, and its investment portfolio, visit sjcera.org.
The Position
The Retirement Investment Officer assists the Retirement Administrator in administering, monitoring and evaluating SJCERA’s $4.6 billion investment program. This position serves as liaison with SJCERA’s investment consultants, oversees the development of comprehensive investment agreements with investment managers, monitors and analyzes investment performance, and maintains asset allocation and risk-limits through rebalancing.
Ideal Candidate
The Retirement Investment Officer for San Joaquin County will possess the following leadership qualifications:
· A high level of integrity and strong professional work ethics
· Fiscally sound leadership and advising, professional accountability, the ability to make sound business decisions as a fiduciary for members
· Strong and articulate communications skills
· Demonstrated analytical skills, seasoned judgement and a proven ability to effectively collaborate with multiple entities to attain common goals
Desirable Qualifications
Possession of a master’s degree in economics, finance, accounting, business/public administration (with an emphasis in investment, economics, finance, accounting, or real estate) or a closely related field.
Three years of recent professional investment experience with the primary responsibility of assisting in the management of a multi-million dollar investment portfolio in a public agency or financial institution.
Current designation as a Chartered Financial Analyst (CFA) by the CFA Institute is highly desired.
Compensation and Benefits
The County provides a competitive Senior Management benefit package that includes:
- Defined benefit retirement plan with reciprocity with most other California public retirement plans
- 15 days of vacation leave a year (20 days after 10 years, 23 days after 20 years)
- 12 days of sick leave annually with unlimited accumulation
- 14 paid holidays per year
- 80 hours of administrative leave annually
- 125 Flex Benefits Plan
- 2% employer contribution to Deferred Compensation plan
Recruitment Incentives
- Reimbursement of qualifying moving expenses up to $5,000
- Vacation accrual rate consistent with candidate’s total years of public service
- Sick leave credit up to 160 hours of unreimbursed sick leave from prior public sector employer.
A hybrid work schedule is potentially available for this position.
Application Procedure
Applications including resume, cover letter, and answers to supplemental questions must be received by the final filing date: Friday, November 22, 2024
For more information or to apply online, visit the recruitment announcement page at https://www.jobapscloud.com/SJQ/sup/bulpreview.asp?b=&R1=1024&R2=EB2860&R3=EX
Selection Process
If warranted by the number of candidates, applications may be reviewed by a screening panel. If utilized, the screening panel will select those most qualified to be considered to participate in interviews with the Chief Executive Officer, tentatively scheduled for the week of December 9, 2024. Final candidates will be subject to a background investigation and reference check prior to final selection. Offers of employment will be conditional on clearing a background check, criminal records verification with the DOJ, and pre-employment drug screening.