SFERS is seeking qualified candidates for the position of Security Analyst to assist in the management of SFERS’ credit strategies. Reporting directly to the Senior Portfolio Manager – Private Credit and the Senior Portfolio Manager – Public Fixed Income, the Security Analyst will be responsible for assisting in the management and oversight of SFERS’ private credit and public fixed income portfolios. It is expected that the Security Analyst will spend majority of his/her time on Private Credit and some time on Public Fixed Income assignments. Under direction and working closely with the Senior Portfolio Manager – Private Credit, the Security Analyst will perform complex research work in helping construct and manage SFERS’ new and expanding private credit portfolio through sourcing, underwriting, execution and active management of investment partnerships and co-investments in accordance to SFERS’ private credit strategy and risk-adjusted return objectives for the asset class. Under direction and working closely with the Senior Portfolio Manager – Public Fixed Income, the Security Analyst will assist in the management and oversight of SFERS’ Treasury and Liquid Credit portfolios.
Essential functions of this position include, but are not limited to:
Assist the internal process for monitoring existing and potential investments, including meeting notes, capital calls, distributions, and quarterly reports.
Liaise with external consultants and custodian to ensure the accurate reporting of portfolio investments.
Assist in the evaluation of investment opportunities, including meeting with investment managers, conducting reference checks, investment modeling, and performing other qualitative and quantitative analysis.
Prepare and write detailed investment memoranda that discuss the merits and considerations of the most compelling private credit investment opportunities.
Conduct ongoing active portfolio management, including direct interaction with SFERS’ investment managers globally; monitoring of specific portfolio exposures, including sub-strategies, geographic, subsector and/or other factors; developing relevant and custom benchmarks when necessary to measure performance; and monitoring of investment cash flows, including fees and expenses.
Monitor the competitive landscape and maintain a forward calendar of new and upcoming investment opportunities, including management of the private credit database.
Generate portfolio characteristic and compliance reports, performance analysis and attribution, and other ad hoc projects.
Perform administrative duties related to legal, compliance and other portfolio initiatives.
Assist in the development of requests for proposals, vendor evaluation, and recommendations regarding tools and/or systems.
Possession of a baccalaureate degree from an accredited college or university, with major coursework in economics, business, finance, banking or closely related field; AND
Three (3) years of relevant investment experience with a major financial institution, consulting organization, pension fund, endowment or foundation including experience monitoring and measuring performance within institutional portfolios and the capital markets; developing quantitative applications to analyze and monitor public and/or private investments including the qualitative skills for assessment and recommendations; AND
Computer proficiency including Windows-based software for database management, word processing, spreadsheets and investment-related software such as Bloomberg, Morningstar, Albourne, Barra, Risk Metrics, StyleAdvisor, StyleResearch, Mercer, and Wilshire.
Possession of a Graduate Degree in Business Administration, Economics, or similar field may substitute minimum qualifications #1.
Possession of Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) designation and a baccalaureate degree in a different field may substitute minimum qualifications #1.
One additional year of relevant investment experience as described above under minimum qualifications #2 and a baccalaureate degree in a different field may substitute for minimum qualifications #1.
Strong desire to assist with both administrative efforts and investment analysis.
Possession or in the process of completing a Chartered Financial Analyst program, the Chartered Alternative Investment Analyst program and/or an advanced degree.
Minimum of two years of investing, financial markets, or consulting experience.
Please use the link below to view the full announcement and submit an online application:
Established in 1922, the San Francisco Employees’ Retirement System (“SFERS”) is dedicated to securing, protecting and prudently investing pension trust (the “Trust”) assets and administering a defined benefit pension fund for eligible members of the City and County of San Francisco (the “City”), San Francisco Unified School District, City College of San Francisco, and the Superior Court for the C...ounty of San Francisco. SFERS’ Retirement Board (the “Retirement Board”) and investment team oversee the management of roughly $20 billion in Trust assets in global public equities, fixed income and alternative investments.
The San Francisco Employees’ Retirement System 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.