0922 Investment Officer

0922 Investment Officer - Public Markets - Fixed Income - San Francisco Employees' Retirement System (01134277)

• Full-time
• Job Code and Title: 0922-Manager I
• Fill Type: Permanent Exempt

Who We Are

The San Francisco Employees’ Retirement System (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 as a fund for families and orphans of firefighters and police officers, today the San Francisco Employees’ Retirement System 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 serves as a resource to the Retirement Board in the development of investment policies and practices. In accordance with the annual investment plan, the investment team deploys capital with the objectives of enhancing the structure and diversity of the investment portfolio and sustaining long-term performance. Additionally, the Investment Division’s professional staff analyzes, develops, and recommends asset allocation mixes, manages investment portfolios, and monitors the activities and performance of external investment managers.

• Application Opening: June 24, 2025
• Application Deadline: Open Until Filled
• Salary: $134,576 to $171,834 annually
• Recruitment ID: RTF0157559-01134277

This job announcement will not close before July 31, 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 Public Fixed Income portfolio, which includes Treasuries, Public Credit and Investment Cash. Reporting to the Senior Portfolio Manager (“SPM”) of Public Fixed Income, the Managing Director of Public Markets, and the CIO, the IO and the Public Fixed Income team are responsible for the oversight and management of SFERS’ $3 billion Public Fixed Income portfolio.

The IO serves as a key member of the team overseeing SFERS’ Public Fixed Income portfolio. The IO will participate in the monitoring of existing investments, in the underwriting of prospective investments, and ongoing portfolio monitoring and analysis..

The IO conducts work with oversight from the SPM of Public Fixed Income. The IO is responsible for the following and will keep the SPM informed on the relevant issues.

• Responsible for representing SFERS with distinction and class to external managers and other stakeholders.
• Responsible for overseeing the data collection and aggregation process for the Public Fixed Income portfolio including performance, exposures, and other risk metrics.
• Responsible for the organization and maintenance of investment manager agreements, guidelines, subscription documents, offering memorandums, transactions statements, meeting notes and other investment documents.
• Responsible for cash management related to external manager accounts, and other operational and monitoring functions related to the Public Fixed Income portfolio.
• Assists in conducting due diligence on existing and prospective external investment managers.
• Assists in the monitoring of external investment managers’ investment performance and the factors affecting performance, including material differences versus the managers’ underlying benchmarks.
• Assists in writing detailed investment recommendations and reports for review and approval from senior investment staff.
• Assists in reviewing and evaluating key terms and documents related to existing or prospective investments. Assists in the due diligence of external investment managers’ memorandums, subscription documents, and other materials related to existing or prospective investments.
• Assists in managing the relationship with external managers.
• Takes direction from senior investment staff and completes assigned tasks accurately and on time.

Minimum Qualifications

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

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 possession of the Chartered Financial Analyst designation, may be substituted for an undergraduate degree in a different field than described above.

• 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 substituted for an undergraduate degree in a different field than described above.

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 prior experience with fixed income asset classes, such as Treasuries, government debt, corporate credit, bank loans, securitized assets, and others.
• Experience in understanding complex investment strategies and concepts and investment market trends and developments.
• Strong organizational and analytical skills with a demonstrated proficiency in Microsoft Excel, Word, PowerPoint, and PowerBI.
• Analytical, financial modeling, and data visualization skills.
• Strong writing and presentation skills with a genuine interest in the subject matter.
• Excellent attention to detail and commitmentto delivering the highest quality work.
• Ability to effectively prioritize and handle multiple, time-sensitive tasks.
• Highly self-motivated and hardworking with an ability to work and think independently as well as in a collaborative, team-oriented environment.
• High level of professionalism and an ability to build networks and positive working relationships with key internal and external contacts.
• Willingness to travel globally up to 20% of the time.
• Possession of Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) designation.
• Sound judgment, integrity, and moral code.

Verification

Applicants may be required to submit verification of qualifying education and experience at any point during the recruitment and selection process. If education verification is required, information on how to verify education requirements, including verifying foreign education credits or degree equivalency, can be found at .

Note : Falsifying one’s education, training, or work experience or attempted deception on the application may result in disqualification for this and future job opportunities with the City and County of San Francisco.

All work experience, education, training, and other information substantiating how you meet the minimum qualifications must be included on your application by the filing deadline. Information submitted after the filing deadline will not be considered in determining whether you meet the minimum qualifications.

Resumes will not be accepted in lieu of a completed City and County of San Francisco application.

Applications completed improperly may be cause for ineligibility, disqualification, or may lead to lower scores.

Selection Procedures

Applications will be screened for relevant qualifying experience. Additional screening mechanisms may be implemented in order to determine candidates’ qualifications. Only those applicants who most closely meet the needs to the Agency will be invited to participate in the selection process. Applicants meeting the minimum qualifications are not guaranteed advancement in the selection process.

Additional Information / What else should I know?

All applicantsmustsubmit aresumeandcompleted job application (all sections, including Experience and Education, must be completed) in order to be considered. Resumes will not be taken as a substitute for completing the application.

Applications for City and County of San Francisco jobs are only accepted through an online process.

• Select the “I’m Interested” button and follow instructions on the screen

Applicants may be contacted by email about this recruitment and, therefore, it is their responsibility to ensure that their registered email address is accurate and kept up-to-date. Also, applicants must ensure that email from CCSF is not blocked on their computer by a spam filter. To prevent blocking, applicants should set up their email to accept CCSF mail from the following addresses (@sfgov.org, @sfdpw.org, @sfport.com, @flysfo.com, @sfwater.org, @sfdph.org, @asianart.org, @sfmta.com, @sfpl.org, @dcyf.org, @first5