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0922 Investment Officer – Real Assets - San Francisco Employees' Retirement System (143510-01155424)
0922 Investment Officer – Real Assets - San Francisco Employees' Retirement System (143510-01155424)San Francisco • San Francisco, CA, United States
0922 Investment Officer – Real Assets - San Francisco Employees' Retirement System (143510-01155424)

0922 Investment Officer – Real Assets - San Francisco Employees' Retirement System (143510-01155424)

San Francisco • San Francisco, CA, United States
6 days ago
Job type
  • Permanent
Job description

Overview

Company : San Francisco Employees’ Retirement System (SFERS)

SFERS 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.

Established in 1889, SFERS serves more than 75,000 active, vested, and retired employees of the City and County of San Francisco and their survivors.

What We Do

The Investment Division supports the Retirement Board in developing investment policies and practices. Following the annual investment plan, the team deploys capital to enhance portfolio structure and long-term performance, analyzes asset allocation, manages portfolios, and monitors external investment managers.

Application Details

  • Application Opening : April 25, 2025
  • Application Deadline : Open Until Filled
  • Salary : $134,576 to $171,834 annually
  • Recruitment ID : RTF0143509-01155424

This job announcement may close at any time, but not before November 30, 2025. 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.

What We’re Looking For

SFERS seeks an experienced investment professional for the position of Investment Officer (IO) for its Real Assets portfolio, including real estate, infrastructure, natural resources, and other specialty investments. Reporting to the Director or Associate Portfolio Manager (APM) of Real Assets, the Managing Director of Private Markets, and the CIO, the IO and the Real Assets team oversee SFERS’ large and complex $5 billion Real Assets portfolio.

The IO participates in monitoring existing investments, underwriting and executing prospective investments, and portfolio construction and analytics. The IO works with oversight from the Director or APM of Real Assets and will perform the following essential duties and keep the Director or APM informed.

Essential Duties

  • Manage the internal process for monitoring existing investments, including taking meeting notes, reviewing quarterly reports, and administering capital calls and distributions.
  • Assist in due diligence of existing and prospective investment managers, including compiling screening memos, written investment recommendations, and reports for review and approval by senior staff.
  • Assist with review of key partnership documents and the execution of subscription agreements, amendments, consents, and other materials related to existing or prospective investments.
  • Assist in monitoring the Real Assets portfolio through quantitative and qualitative analysis, such as returns attribution.
  • Organize and maintain investment records including subscription documents, side letters, offering memorandums, and other documents related to existing and prospective investments.
  • Coordinate with investment managers, service providers, and colleagues to ensure compliance with investment policies and accurate reporting of investments.
  • Work closely with SFERS’ real assets consultants to achieve asset class goals and manage the portfolio in accordance with the Strategic Plan.
  • Perform research on investment trends affecting global markets and engage in internal investment discussions.
  • Receive direction from senior investment staff and complete assigned tasks accurately and timely.
  • Provide administrative and operational support as necessary.
  • Represent SFERS with distinction and class to external investment managers, investment consultants, and other stakeholders.
  • Qualifications

    Education : 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

    Experience : Three (3) years of investment experience with an investment management firm, pension plan, university, endowment, foundation, corporation, family office, or consulting firm.

    Substitution

  • Possession of a graduate degree in Business Administration, Finance, Statistics, Investment Management, Economics or similar field, or CFA designation, may be substituted for an undergraduate degree in a different field.
  • Two 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 substitute for an undergraduate degree in a different field.
  • How to Stand Out

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

  • Knowledge and experience with alternatives, specifically real assets (real estate, infrastructure, natural resources) and / or other private markets strategies.
  • Understanding of complex investment strategies and market trends and developments.
  • Strong organizational and analytical skills with proficiency in Microsoft Excel, Word, PowerPoint, and PowerBI.
  • Analytical, financial modeling, and data visualization skills.
  • Strong writing and presentation skills with genuine subject matter interest.
  • Attention to detail and commitment to high-quality work.
  • Ability to prioritize and handle multiple, time-sensitive tasks.
  • Self-motivated, capable of working independently and in a team.
  • Professionalism and ability to build internal and external relationships.
  • Willingness to travel globally up to 20% of the time.
  • CFA or CAIA designation.
  • Sound judgment and integrity.
  • Verification

    Applicants may be required to verify education and experience. Details on verification can be found at : sfdhr.org / how-verify-education-requirements.

    Note : Falsifying education, training, or work experience may result in disqualification. All information must be included on the application by the filing deadline. Resumes will not be accepted in lieu of a completed City application.

    Applications are accepted online only. Visit careers.sf.gov to begin the application process.

    Selection Procedures

    Applications are screened for qualifying experience. Additional screening mechanisms may be used. Meeting minimum qualifications does not guarantee advancement.

    Additional Information

  • 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) to be considered. Applications are online only. Visit careers.sf.gov to apply, or select the “I’m Interested” button on the site.

    Applicants may be contacted by email; ensure your email address is accurate and not blocked by spam filters. For questions, contact the recruitment analyst : michael.nettles@sfgov.org

    All information will be kept confidential per EEO guidelines. The City and County of San Francisco encourages women, minorities and persons with disabilities to apply. Applicants will be considered regardless of sex, race, age, religion, color, national origin, ancestry, disability status, or other protected category.

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    Investment Officer • San Francisco, CA, United States

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