What are the responsibilities and job description for the Associate Investment Manager, Underwriting position at California Public Employees' Retirement System...?
California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $526.87 billion as of April 3, 2025. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Vision and their decisions and actions are guided by our Investment Beliefs.
Anticipated Interview Dates: We anticipate virtual interviews to be held one month from the final file date. We look forward to meeting with you!
In addition to completing your online job application, you must provide a Statement of Qualifications (SOQ) for the hiring manager’s review. Please see the Special Requirements section for instructions and questions for the SOQ. Applications received without an SOQ will not be considered.
Our Private Debt (PD) asset class is currently seeking an Associate Investment Manager (AIM) who, under the direction of the Investment Manager (IM), will manage CalPERS PD portfolios. The AIM will maintain a positive team management approach while demonstrating CalPERS’ Core Values of Quality, Respect, Integrity, Openness, Accountability, and Balance in accordance with personal work ethic in alignment with CalPERS Investment Beliefs.
Duties include but are not limited to:
- Evaluating, underwriting and monitoring investments in private debt funds, separate accounts, and performing analyses to determine appropriate sector allocations for the various portfolios.
- Conducting analyses and provide recommendations to the PD team on co-investment opportunities.
- Conducting analyses on private debt industry trends and competitive landscape.
- Managing relationships with existing General Partners and maintaining appropriate contacts with private debt managers, loan managers, and professional peers in the investment and broker/dealer communities as a source of valuable investment information.
Job Type: Full-time
Pay: $10,437.50 - $17,395.83 per month
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Retirement plan
- Vision insurance
Schedule:
- Monday to Friday
Work Location: Hybrid remote in Sacramento, CA 95811
Salary : $10,438 - $17,396
