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CalPERS – Associate Investment Manager – Opportunistic Strategies – JC-83600 at California Public Employees' Retirement System in Sacramento, CA

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Our Opportunistic Strategies (OS) unit is currently seeking an Associate Investment Manager AIM to help establish an overall strategy for all CalPERS opportunistic strategies and drive our CalPERS mission.

Duties include but are not limited to:
• Propose new deals, conduct due diligence on deal performance and managers, and keep up to date on managers regarding Collateralized Loan Obligation
• Analyze historical and current performance of managers using various key parameters; evaluate the platform of managers including portfolio management system, trading system, settlement, and compliance; review trustee reports and ensure the activities of the managers conform to the legal indenture
  • Negotiate deal terms with underwriters, managers and investors in different tranches across the capital structure; Conduct cash flow analysis to ensure proper pricing and tie it back to deal documents
• Assist in direct day to day implementation of investment strategies and policies in the CalPERS Opportunistic Strategies (OS) portfolios to ensure that these investments earn the highest rate of return at strategically targeted risk levels
• Perform analysis of relative valuations on a large scale of securities to determine appropriate sector allocations for the CalPERS Opportunistic Strategies portfolios


Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:
  • The candidate will be a Seasoned Investment Professional
  • Experience working for a large financial institution
  • Ability to successfully work in a fast-paced environment with a broad range of staff
  • 6 to 8 years of structured product experience in a structuring or trading capacity with at least 5 years dedicated specifically in CLOs
  • Advanced financial analysis and problem solving skills, including performing in-depth analysis of structured product securities
  • Demonstrated track record of establishing and maintaining positive relationship with a broad range of internal and external business partners
  • Strong computer skills with working experience and fluency with in Excel, VBA, SQL and Intex
  • Excellent verbal and written communication skills, as well as polished presentation skills
  • Analytical thinker, quantitative, organized, capacity to process and interpret information quickly, ability to prioritize and multitask
  • Experience working within a public sector or similar environment is beneficial
  • Professional certification such as MBA, CFA or other advanced degree
  • Promotes teamwork and cross-functional collaboration with strong interpersonal skills


To view the Duty Statement and how to apply to this employment opportunity, click here

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