Job Description

Public Employees Retirement System JC-465850 - Real Estate Associate Investment Manager ASSOCIATE INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM Final Filing Date: 2/18/2025 Application Methods: Electronic (Using your CalCareer Account), By Mail, Drop-off The Real Assets (RA) unit is responsible for the management of CalPERS assets in various investment sectors, including real estate, infrastructure, and forestland. The strategic objective of RAU is to provide a stable long-horizon income return, diversification to equity risk, and a partial inflation hedge. Under the direction of the RA Investment Director (ID), the Associate Investment Manager (AIM) will ensure appropriate processes, controls, systems, and risk management are in place within their area of responsibility to implement investment strategies. Duties include but are not limited to: Evaluate and exercise judgment in making recommendations to Senior Management and the Real Assets Investment Committee. Assist the Investment Director (ID) in performing asset management duties for assigned partnerships and assets. Oversee the work of external consultants and advisors, including external legal counsel. Manage the compilation and maintenance of industry data and research sources, financial models, and other analytical tools. You will find additional information about the job in the Duty Statement . Minimum Requirements You will find the Minimum Requirements in the Class Specification. ASSOCIATE INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM Classification: ASSOCIATE INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM $10,437.50 - $17,395.83 This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0-60% of salary and is based on the level of achievement against several quantitative and qualitative measures. The long-term incentive program provides an additional opportunity of 40% of base salary beginning after five years and when absolute total fund returns meet or exceed board-approved thresholds. # of Positions: 1 Work Location: Hybrid Job Type: Permanent, Full Time Department Information California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $533.39 billion as of February 6, 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 offers competitive benefit packages, compensation, and opportunities for advancement. Special Requirements Minimum Qualifications All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position. Please Note: You may need to pass an examination to establish list eligibility prior to any type of job offer. Application Instructions Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. Who May Apply Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list or LEAP eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility. Desirable Qualifications In addition to evaluating each candidate's relative ability, the following factors will provide the basis for competitively evaluating each candidate: Possession of, or working towards an advanced degree in finance (MBA, CFA, CPA, CAIA) or a field closely related to investment, real estate, or infrastructure. Five-plus years of experience working with an investment firm or an asset manager. Five-plus years of Institutional Real Estate, Infrastructure, or Private Equity experience. Experience underwriting and/or managing investment managers/partnerships or portfolio assets. Experience developing and working with financial models. Experience with private markets valuation and capital markets. Experience preparing and presenting investment strategies, financial/performance reports, and developing investment memos. Experience working on large real estate projects, individually or in a team setting. CalPERS team members are eligible for a number of benefits. Health benefits and leave programs are available for most team members. Benefit eligibility may depend on length of service and collective bargaining agreements. Equal Opportunity Employer The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex, and sexual orientation. #J-18808-Ljbffr State of California

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