National Association of State Retirement Administrators


Position Information

Staff Attorney (Investments)

Director of Communications description image
 
 
The salary range for this position is
$129,574.00 - $200,840.00 Annually

 
WHO ARE WE
Established in 1945, the Orange County Employees Retirement System (OCERS) provides retirement, death, disability and cost-of-living benefits to retirees of the County of Orange and certain County districts. Serving approximately 48,000 members, OCERS is governed by a ten-member Board of Retirement that is responsible for managing a $21 billion dollar fund. 

Mission
OCERS mission is to provide secure retirement and disability benefits with the highest standards of excellence.

Vision
OCERS vision is to be a trusted partner providing premier pension administration, distinguished by consistent, quality member experiences and prudent financial stewardship. 

Values
  • Open and Transparent
  • Commitment to Superior Service
  • Engaged and Dedicated Workforce
  • Reliable and Accurate
  • Secure and Sustainable
THE OPPORTUNITY 
The Staff Attorney reports directly to the General Counsel and is expected to uphold the highest standards of accountability, Employer focus, and system efficiency. The incumbent works within general instructions and guidelines, exercising discretion and independent judgment in the performance of duties.

Under the general direction of the General Counsel, the Staff Attorney will:
  • Provide advice and counsel to the OCERS Investments Division on the application of state and federal law, federal regulations, and OCERS Board policies to OCERS investment activities
  • Serve as the OCERS attorney liaison to external investment transaction counsel in connection with all OCERS investments
  • Review and advise the OCERS Investments Division on post-closing amendments and “most favored nations” elections 
  • Monitor and report on securities and anti-trust class actions in which OCERS is a lead plaintiff (including reviewing all significant filings), and review and advise OCERS in connection with proposed lead plaintiff opportunities
  • Attend all meetings of the OCERS Investment Committee and advise the committee on Brown Act and other legal questions
  • Advise in connection with conflicts of interest under the Political Reform Act and the regulations of the Fair Political Practices Commission

Essential Duties, and Responsibilities:   
Include but are not limited to the following: 
  • Research, interpret, and advise OCERS Investments Division with respect to state and federal law applicable to OCERS investment activities including without limitation the Investment Advisors Act of 1940, fiduciary duty laws and principles, the Internal Revenue Code, the California Public Records Act, the Brown Act, and California investment fee reporting and pay to play laws
  • Work collaboratively with staff of the OCERS Investments Division
  • Interface with external investment transaction counsel in connection with the negotiation of documentation of OCERS investments
  • Review and advise OCERS Investment Division with respect to post-closing amendments and most favored nations elections
  • Work with external securities litigation counsel to monitor securities and anti-trust class actions in which OCERS is a lead plaintiff (including reviewing all significant filings), and reports to the OCERS Investment Committee on the status of these cases
  • Review opportunities for OCERS to serve as lead plaintiff in securities and anti-trust actions and advise OCERS in connection with these decisions
  • Review and advise OCERS Investments Division in connection with filing claims in foreign securities litigation matters, with particular sensitivity to actions filed in “loser pays” jurisdictions
  • Monitor state and federal legislation affecting OCERS investments and assists in preparing legislative updates to the OCERS Board of Retirement
  • Attend meetings of the OCERS Investment Committee and advise the Committee in connection with Brown Act and other legal issues that arise
  • Advise OCERS Board members and Executive staff in connection with conflicts of interest under the Political Reform Act and the regulations of the Fair Political Practices Commission
 
Position: Staff Attorney (Investments)
Organization: Orange County Employees Retirement System
Location: Santa Ana,  CA 
United States
Salary: $129,574.00 - $200,840.00 Annually
Posting Start Date: 2/6/2023
Date Posted: 2/14/2023
Requirements Minimum Qualifications
The minimum qualifications required for entry into the classification are as follows:

Education and/or Experience 
Must have a Juris Doctor degree from an accredited U.S. law school
AND
Two (2) years of post-bar experience providing legal advice to clients


Benefits
OCERS offers a competitive benefits package that includes a choice of several health plans, annual leave, and paid holidays. Additionally, OCERS has a defined benefit pension plan which has reciprocity with the Public Employees Retirement System (PERS) and a deferred compensation 457 plan. OCERS offers up to an annual $10,000 Educational and Professional Reimbursement, a $3,500 taxable optional benefit plan, and a flexible/hybrid work schedule.  


For additional information and details about the OCERS pension and benefits offered, please
 click here.


 

HOW TO APPLY
Only on-line applications with the completed supplemental questions will be accepted for this opportunity. For additional information and to apply, please visit https://www.ocers.org/careers-ocers.

EEO INFORMATION
OCERS, as an Equal Employment Opportunity employer, encourages applicants from diverse backgrounds to apply.   

Status: This listing expires on: 4/15/2023
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Organization Information
Name:
Orange County Employees Retirement System
Address:
2223 E Wellington Ave
Suite 100
Santa Ana,  CA 92701
United States
Email:
fdurrah@ocers.org
Phone:
7145694810
Fax:
Contact:
Felicia Durrah