The Principal Investment Officer (PIO) in the Portfolio Analytics Section is a new and an unclassified position, meaning the position is at-will, that will report to LACERA's Chief Investment Officer (CIO).
The PIO will be responsible for leading in the development of the Portfolio Analytics Team in LACERA’s Investment Office.
The PIO will apply their management expertise to enhance LACERA’s portfolio construction, corporate governance, risk management, and performance monitoring and data analysis.
The Ideal Candidate will meet the position's Minimum Qualifications and the following Desirable Qualifications:
Knowledge of risk measurement and management tools and systems.
Knowledge of Environment, Social, and Governance ESG categories and structures. Experience managing people and processes for a sophisticated investment organization.
Experience conducting an asset allocation study for an institutional portfolio.
Experience working with a custody bank, auditors, and investment consultants.
Experience presenting recommendations to a Board or Investment Committee.
Excellent organizational, analytical, and communication (oral and written) skills.
Master’s of Business Administration (MBA) preferred.
LACERA is an Equal Opportunity/ADA Complaint Employer
A Bachelor's degree from an accredited university with major course work in economics or finance AND
Six (6) years of investment management experience with a large financial institution or government agency which included responsibility for continuous supervision and review of an extensive investment program. A Master's degree in Business Administration or a related field may be used to substitute for one year of the required experience.
Three (3) years experience at the level of Senior Investment Officer, LACERA with responsibility for the continuous management of an asset class
About Los Angeles County Employees Retirement Association (LACERA)
Los Angeles County Employees Retirement Association – LACERA, administers and manages
the retirement fund for the County of Los Angeles. It is the largest county retirement system in the United States, with approximately $52 billion in assets, serving 156,000 members and more than 54,000
Its membership is comprised of individuals from a diverse range of careers, age groups..., and ethnicities
– all contributing to the greater welfare of Los Angeles County.
LACERA is an independent governmental entity, separate and distinct from the County of Los Angeles.
Its fiduciary responsibility is to promote, enhance, and efficiently administer a financially sound
retirement and health care benefits program through prudent investment and conservation of plan assets.
Produce, Protect and Provide the Promised Benefits
Professionalism, Respect, Open Communication, Fairness, Integrity & Teamwork
Governing Structure… LACERA is governed by two Boards:
Board of Investments (BOI) – This Board is responsible for establishing LACERA's investment policy
and objectives as well as exercising authority over the investment management of the fund. Diversified
investments include Stocks/Equities, Fixed Income/Bonds, Real Estate and Alternative Assets.
Board of Retirement (BOR) – This Board is responsible for the overall management of the retirement
system. Under the policy guidance of the Board of Retirement and the direction of the Chief
Executive Officer, LACERA strives to create innovative ways to streamline and expedite retirement
processes, integrate new technologies, and introduce new member services options and upgrades.