San Francisco Employees' Retirement System ("SFERS") is seeking qualified candidates for the position of Security Analyst for its large and growing real assets portfolio, which currently includes over $2 billion in investments in real estate and natural resources. Under direction and working closely with the Senior Portfolio Managers (“SPMs”), the Security Analyst will perform complex research work in helping construct and manage a global real assets portfolio through the sourcing, underwriting, execution and active management of investment partnerships, co-investments and direct investments in accordance to SFERS’ real assets strategy and risk-adjusted return objectives for the asset class. The Security Analyst will have a principal focus on natural resources (oil and gas, power, metals and mining, timber, and agriculture) and real estate (core, value-add, and opportunistic), and have the opportunity to be involved across other real assets strategies.
The essential functions are:
Manage 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 detailed investment memoranda that discuss the merits and considerations of the most compelling real assets investment opportunities.
Present investment recommendations (both written and oral) to the SPM, Managing Director, CIO and Retirement Board for review and approval as assigned.
Conduct ongoing active portfolio management, including direct interaction with SFERS’ investment managers globally; monitoring of specific portfolio exposures, including geographic, subsector and/or other factor; 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 real assets database.
Conduct thematic research by analyzing and monitoring primary source data to identify investment trends, risks and investable opportunities.
Work closely with SFERS’ real assets consultant(s) to achieve asset class goals and manage the portfolio in accordance with the Strategic Plan.
Provide technical and administrative support in the development and utilization of tools for portfolio management and in the development of investment management processes.
Assist in development of requests for proposals, vendor evaluation, and recommendations regarding tools and/or systems.
Train other investment personnel regarding use and utilization of models, tools and 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.
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.
Desire to assist with both administrative efforts and investment analysis.
Possession of or in the process of completing the 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 complete 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.