National Association of State Retirement Administrators


Position Information

Investment Operations Officer
The Position
Under general direction of Chief Investment Officer, ACERA, conducts complex research and analysis related to the retirement fund’s investments operations, oversees the daily operations of the investment programs; and performs related duties as required by ACERA.

Distinguishing Features
This single position classification serves as a fiduciary, reports to the Chief Investment Officer, ACERA. The Investment Operations Officer is distinguished from the Chief Investment Officer in that the latter focuses exclusively upon the maximization of return on investment of ACERA funds by the implementation of the ACERA investment program, whereas the Investment Operations Officer is responsible for overseeing the various activities in the day-to-day functioning of the investment program. This classification supervises the classifications of Investment Analyst, ACERA and administrative positions within the department.

Examples of Duties
The following are the duties performed by employees in this classification. However, employees may perform other related duties at an equivalent level. Each individual in the classification does not necessarily perform all duties listed.

Monitors external investment managers and vendors (eg. Investment consultants and custodian bank) for compliance with investment contracts, policy and guidelines; prepares and summarizes Exception reports for Chief Investment Officer’s review. Provides operational oversight of the investment managers and vendors.

Serves as a primary internal resource to the Chief Investment Officer in the oversight and management of the operations and administrative functions of the ACERA investment portfolio to achieve the investment goals stated in the ACERA Investment Policy.

Assists the Chief Investment Officer in successful implementation of the investment recommendations adopted by the Board of Retirement; monitor the progress of the implementation to ascertain that the above mentioned investment recommendations are on track. Provides Exception report to CIO if appropriate.

Supervises and manages investment staff to successfully complete their investment duties as defined by ACERA.

Directs investment staff to analyze and research investment operations matters in accordance with ACERA’s policy and procedures. Conducts independent investment research and analyses of existing and prospective investment managers and vendors to evaluate and potentially enhance their ongoing and potential contributions to the ACERA portfolio.

Provides oversight and is responsible for the operational needs of ACERA’s investment department including its monthly production and distribution for the Investment Committee Meeting, Board Meeting and all ad-hoc meetings.

Conducts independent research and analyses of any investment-related matters deem appropriate by ACERA for an institutional investor such as ACERA.

Assists Chief Investment Officer in researching, preparing, reviewing and recommending any investment-related policies and procedures.

Monitor, analyze and project cash flow to anticipate fund expenditure requirements and maximize earning power of funds available for investment; ensures that the asset allocation plan is properly executed.

Prepare standard RFP documents under the direction of the Chief Investment Officer, ACERA.

Assists the Chief Investment Officer, ACERA in the preparation of the Investment department budget to ensure adequate staffing and resources to meet the goals and objectives of the department.

Recommend portfolio operation guidelines and procedures consistent with Investment Committee-approved mandate. Prepare and present understandable written and oral reports to the Investment Committee, Plan Sponsors or other groups as required.

Benefits
Alameda County offers a comprehensive and competitive benefits package that affords wide-ranging health care options to meet the different needs of a diverse workforce and their families. We also sponsor many different employee discount, fitness and health screening programs focused on overall well being. These benefits include but are not limited to*:

For your Health & Well-Being
Medical – HMO & PPO Plans
Dental – HMO & PPO Plans
Vision or Vision Reimbursement
Share the Savings
Basic Life Insurance
Supplemental Life Insurance (with optional dependent coverage for eligible employees)
Accidental Death and Dismemberment Insurance
County Allowance Credit
Flexible Spending Accounts - Health FSA, Dependent Care and Adoption Assistance
Short-Term Disability Insurance
Long-Term Disability Insurance
Voluntary Benefits - Accident Insurance, Critical Illness, Hospital Indemnity and Legal Services
Employee Assistance Program
 
For your Financial Future
Retirement Plan - (Defined Benefit Pension Plan)
Deferred Compensation Plan (457 Plan or Roth Plan)
 
For your Work/Life Balance
11 paid holidays
Floating Holidays
Vacation and sick leave accrual
Vacation purchase program
Management Paid Leave**
Catastrophic Sick Leave
Group Auto/Home Insurance
Pet Insurance
Commuter Benefits Program
Guaranteed Ride Home
Employee Wellness Program (e.g. At Work Fitness, Incentive Based Programs, Gym Membership Discounts)
Employee Discount Program (e.g. theme parks, cell phone, etc.)
Child Care Resources
1st United Services Credit Union
 
*Eligibility is determined by Alameda County and offerings may vary by collective bargaining agreement. This provides a brief summary of the ben­efits offered and can be subject to change.
** Non-exempt management employees are entitled to up to three days of management paid leave. Exempt management employees are entitled to up to seven days of management paid leave.


 
Position: Investment Operations Officer
Organization: Alameda County Employees' Retirement Association (ACERA)
Location: Oakland,  CA 
United States
Salary: $142,272.00 - $184,995.20
Posting Start Date: 2/16/2021
Date Posted: 2/16/2021
Requirements Knowledge and Skills
The level and scope of the following knowledge and abilities are related to duties listed under the “Examples of Duties” sec­tion of this specification.
 
Knowledge of
Word processing, spreadsheets, database management and other computer applications.
 
Statistical and computer techniques/programs applica­ble to financial data in evaluating investment managers and portfolios.
 
Investment management procedures and practices.
 
Principles of finance, statistics and administrative analysis.
 
Statistical and computer techniques/programs applica­ble to financial data in evaluating investment managers and portfolios.
 
Sources of data for analyzing securities and market trends.
 
Diversified securities and available markets.
 
Principles and practices of research methods and report preparation.
 
The scientific method of solving problems.
 
Ability to
Establish and maintain professional relationships with members of the Retirement Board, ACERA staff, members of the Retirement Association, other governmental agen­cies, legal and investment professionals an.d consultants.
 
Demonstrate skills and experience in supervising, evaluat­ing and leading a diverse team of staff to motivate them to achieve the goals and mission of ACERA.
 
Demonstrate experience and knowledge of principles of finance, statistics, investment analysis, research methods and report preparation.
 
Demonstrate knowledge, experience and skills in invest­ment management, theories, principles, procedures and practices.
 
Use spreadsheets and databases for analysis and presen­tation of information such as financial statements and budgets.
 
Communicate effectively orally and in writing and exhibit strong interpersonal skills.
 
Represent ACERA in meeting with others and inter­act with external service providers such as, actuarial and investment consultants, attorneys for contract formulation and negotiation, custodians and money managers.
 
Establish written internal operating procedures and sys­tems that assure knowledge transfer, institutional memory and sufficiency of training materials.
 
Understand and assess the quality, accuracy and reliability of manager and consultant reports.
 
Understand and assess the business risks associated with investment manager contracts including fee structures and general compliance with contract terms such as MFNs.
 
Understand the interpret laws, rules and regulations gov­erning the investment of public funds so as to oversee the investment/legal workload and processes.
  
Supplemental Questionnaire
A properly completed Supplemental Questionnaire must be submitted with each resume by 03/16/2021. Resumes and Supplemental Questionnaires must be in the possession of the ACERA Human Resource Department by 5:00 p.m. on the Last Day of Filing. Failure to submit a resume or Supplemental Questionnaire will result in disqualification.

Supplemental Questions: Investment Operations Officer
  1. What is your favorite investment right now and why is it your favorite investment? How would you go about rec­ommending this investment for ACERA’s consideration? 
  2. Describe an investment or finance-related project you have worked on recently (can be academic or prior work experience). Please include a brief summary of the ana­lytical work you performed on this project as well any conclusions you made. 
  3. Please describe the attribute and difference between the asset classes: domestic, international, and global equities; fixed income; real estate; private equity.
 
Status: This listing expires on: 4/17/2021
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Organization Information
Name:
Alameda County Employees' Retirement Association (ACERA)
Address:
475 14th Street
Suite 1000
Oakland,  CA 94612
United States
Email:
varruda@acera.org
Phone:
(510) 628-3039
Fax:
(510) 287-5414
Contact:
Victoria Arruda, Human Resources Officer