What are the responsibilities and job description for the Investment Officer (Private Markets) position at Orange County, CA?
Salary : $140,820.00 - $218,272.00 Annually
Location : 2223 E. Wellington Ave. Suite #100 Santa Ana, CA
Job Type : Full-Time
Remote Employment : Flexible / Hybrid
Job Number : 8023MR-0125-157(O)
Department : OCERS
Opening Date : 01 / 16 / 2025
Closing Date : Continuous
CAREER DESCRIPTION
INVESTMENT OFFICER
Private Markets)
Open to the Public
Applications will be accepted on a continuous basis until the needs of OCERS have been met. Interested applicants are encouraged to apply immediately.
OCERS' Investments Team is eligible to participate in an annual Incentive Compensation Program upon the successful completion of the program requirements. OCERS offers an additional 5.5% certification pay for staff with the Chartered Financial Analyst (CFA) designation.
OCERS offers a competitive benefits package, 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, annual leave, and a flexible / hybrid work schedule.
DESCRIPTION :
The Orange County Employees Retirement System (OCERS) invites you to join our team! We are now accepting on-line applications to fill the position of Investment Officer.
WHO WE ARE :
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 53,000 members, OCERS is governed by a ten-member Board of Retirement that is responsible for managing a $24 billion dollar fund. For more information about OCERS, please click here.
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 :
Under the direction of the Director of Investments, this Investment Officer position will oversee a segment of the OCERS portfolio management operations or asset classes within private markets. Private markets for OCERS include private equity, real assets, and real estate. The Investment Officer position provides expert analytical and technical support for the Investments Division in the areas of investment management, investment reporting, performance measurement, special projects, and studies. This position is typically assigned greater responsibility to operate independently than an Investment Analyst. This position is assigned primary responsibility for one or more central portfolio management operations or asset classes.
The Investment Officer position reports directly to the Director of Investments and is expected to uphold the highest standards of integrity, accountability, professionalism, customer service, and excellence.
The distinguishing characteristics of this position are (1) significant prior experience and familiarity with public pension funds (or the equivalent) and their portfolio management operations; (2) the ability to perform complex and highly responsible departmental functions with minimal supervision; (3) the ability and proven skills to coordinate activities of trustees, consultants, investment managers, and others engaged professionally by OCERS; and (4) the ability to independently perform investment administrative functions as assigned.
The position is further distinguished from the Senior Investment Officer classification in that the latter performs highly complex assignments in a focused investment-related area that typically requires more substantial public pension fund and / or investment portfolio experience.
CORE COMPETENCIES :
The Investment Officer will be expected to :
ESSENTIAL DUTIES AND RESPONSIBILITIES :
The Investment Officer will be expected to perform operational, financial, and investment analysis to support OCERS' system and investment team initiatives and to perform other tasks as assigned. These include but are not limited to the following :
MINIMUM QUALIFICATIONS :
Education and Experience :
Graduation from an accredited university or college with a Bachelor's degree with evidence of professional training in capital markets, investment theory, securities analysis, and portfolio analytic techniques
Five years of experience in investment analysis and / or operations with a pension plan or equivalent institutional investment organization
Substitution : Alternatively, a CFA charter designation with the requisite work experience.
Special Notes, Licenses, or Requirements :
Highly Desirable :
Please click for additional details about the Investment Officer classification.
KNOWLEDGE / SKILLS / ABILITIES :
The Knowledge, Skills, and Abilities necessary to perform essential duties of the position :
Knowledge of :
Skills / Ability to :
PHYSICAL, MENTAL, AND ENVIRONMENTAL CONDITIONS :
The following is a description of the physical and mental abilities that are customarily required to perform the essential job functions of this position.
Physical and Mental Requirements :
Environmental Conditions :
COMPENSATION, INCENTIVE, & CERTIFICATION PAY :
Compensation will be determined based on the experience level, credentials, and personal characteristics of the candidate. OCERS' Investments Team is eligible to participate in an annual Incentive Compensation Program upon the successful completion of the program requirements. OCERS offers an additional 5.5% certification pay for staff with the Chartered Financial Analyst (CFA) designation.
For additional information and details about OCERS Incentive Compensation Policy, please
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.
RECRUITMENT PROCEDURE :
OCERS' Human Resources Department will screen all application materials to identify qualified candidates. Applications submitted without a completed supplemental information form will be disqualified from further consideration. After screening, the more qualified candidates will be referred to the next step in the recruitment process and notified via e-mail of all further procedures applicable to their application status.
Applications Appraisal Panel (AAP) | Application Rating (Refer / Non-Refer) :
A panel of job knowledge experts will screen and evaluate all application materials for job knowledge, competencies, and related education and experience as described above. Please be thorough in your responses to supplemental questions as each will be evaluated and rated accordingly. Additionally, please be thorough in aligning your education and work experience to the competencies and qualifications listed in this bulletin. Clarity of expression, grammar, spelling and ability to follow instructions will also be considered in the evaluation. This is a competitive process and only the more qualified candidates will be referred to the next step.
Qualifications Appraisal Panel | Oral Interview :
Candidates will be interviewed and rated by a panel of job knowledge experts. Each candidate's rating will be based on responses to a series of structured questions designed to elicit the candidate's qualifications for the job.
Based on OCERS' needs and the number of applications received, the selection procedures listed above may be modified, and all affected candidates will be notified.
HOW TO APPLY :
Only on-line applications with the completed supplemental questions will be accepted.
E-mail is the primary form of notification during the recruitment process. Please ensure your correct e-mail address is on your application and only use one e-mail account.
Your application should highlight all of the areas in which you have developed expertise, matching your professional experience with the specific qualifications listed above.
It is recommended that you record or print your confirmation page, as this verifies receipt of your on-line application.
You may apply on-line at the OCERS website :
For specific information pertaining to this recruitment, please contact Sarah Abrahamson at (714) 569-4818 or email
Do not submit a resume to this email address as they will not be considered in lieu of the required application process.
ADDITIONAL INFORMATION
EMAIL NOTIFICATION :
Email is the primary form of notification during the recruitment process. Please ensure your correct email address is included in our application and use only one email account. NOTE : User accounts are established for one person only and should not be shared with another person. Multiple applications with multiple users may jeopardize your status in the recruitment process for any positions for which you apply. Candidates will be notified regarding their status as the recruitment proceeds via email through the GovernmentJobs.com site. Please check your email folders, including spam / junk folders, and / or accept emails ending with "governmentjobs.com" and "ocers.org." If your email address should change, please update your profile at
FREQUENTLY ASKED QUESTIONS :
Click for additional Frequently Asked Questions.
EEO INFORMATION
OCERS, as an Equal Employment Opportunity employer, encourages applicants from diverse backgrounds to apply.
Administrative Management
In addition to the County's standard suite of benefitssuch as a variety of health plan options, sick and vacation time and paid holidayswe also offer an excellent array of benefits such as :
Paid Leave : Twelve holidays per year plus sick and vacation time
Health & Dependent Care Reimbursement Accounts
Dental Insurance : County pays 100% of employee and dependent premiums
Paid Life Insurance : $100,000 life insurance policy
Paid Accidental & Death and Dismemberment Insurance : $100,000 AD&D insurance policy
Paid Short & Long Term Disability insurance programs
457 Defined Contribution Program
Click for information about benefits offered to County of Orange employees.
Thank you for your interest in the Investment Officer position. You are required to provide full and complete responses to the supplemental questions. Your completed responses to these supplemental questions will be evaluated to determine your qualifications and must be completed properly in order to be given full consideration for the next phase in the selection process. Supplemental questions are designed to help you present your qualifications for this position and will be rated based on the information that you supply. Please provide succinct, concise, descriptive, and detailed information and highlight all of the areas in which you have developed expertise, matching your professional experience with the specific qualifications and abilities for each question. Resumes will not be accepted in lieu of completing the supplemental questions. By selecting yes below, you acknowledge that you have read and understood the requirements of this application.
Select the response that best describes your highest level of completed education (please be sure to attach a copy of your degree to this application, or you may email a copy to sabrahamson@ocers.org)
Select the response that best describes your professional investment experience.
Are you a Chartered Financial Analyst (CFA) candidate? If so, please specify your current level.
If you have ever written a relevant field review or due diligence report on an investment company, money manager, or mutual fund, please attach a work sample to this application, or you may email a copy to sabrahamson@ocers.org.
As a public agency committed to transparency and ethical conduct, OCERS requires candidates to disclose any outside business activities. Are you currently engaged in any outside business activities? (Select one)
If you answered "Yes" to the above question, please provide a brief description of the outside business activity, including the nature of the business and your role or involvement.
I have attached a copy of my resume to this Supplemental Questionnaire or emailed it to sabrahamson@ocers.org.
I certify that all statements made in this Supplemental Questionnaire are true and complete to the best of my knowledge. I understand that any false statement(s) of materials facts or omissions may subject me to disqualification.
Required Question
Salary : $140,820 - $218,272
