County of Alameda

Investment Analyst, ACERA (#1343)

Bargaining Unit: Unrep - ACERA Classes (066)
$57.58-$73.49 Hourly / $4,606.40-$5,879.20 BiWeekly /
$9,980.53-$12,738.27 Monthly / $119,766.40-$152,859.20 Yearly

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DESCRIPTION

This classification specification describes the entry level of the Investment Officer, Alameda County Employees’ Retirement Association (ACERA), flexibly staffed series. Incumbents of this classification, under general supervision of the Investment Operations Officer, conduct basic research and analysis related to the operations of the retirement fund’s investments; perform operational duties, basic accounting, and investment reconciliation practices; perform ad hoc and related duties as required.

DISTINGUISHING FEATURES

This classification is part of a three-level flexibly staffed classification series of the Investment Officer, ACERA, series classifications. This position is located in the Office of Alameda County Employees’ Retirement Association (ACERA), and reports to the Investment Operations Officer, ACERA, and with limited supervision, assists in the various activities in the day-to-day operations of the investment program. Incumbents typically work as members of the investment program and are assigned independent work assignments of a well-defined nature.

Investment Analysts, ACERA, are eligible to flexibly promote to the higher-level class of Investment Officer, ACERA, after two (2) years and a successful job evaluation performance.

EXAMPLES OF DUTIES

NOTE: The following are the duties performed by employees in this classification. However, employees may perform other related duties at an equivalent level. Each individual in the classification does not necessarily perform all duties listed.

Primarily responsible for providing support to the overall Investment team, includes but not limited to monitoring ACERA’s portfolio compliance program in accordance with ACERA investment policy guidelines. Assist to implement the same by utilizing the platform of ACERA’s custodian bank. Analyze and report exceptions.
Assists in Investment Committee meeting production including preparation of agenda and minutes. Attend the Committee and Board meetings.
Prepares Daily Holdings analysis and monitors rebalancing activities.
Attends all staff meetings.
Reviews proxy voting analyses provided by outside vendors to ascertain that votes are cast in compliance with ACERA voting policy. Prepares the reported results of voting activities to the Investment Operations Officer, annually.
Conducts primary reviews of monthly performance reports from custodian banks and of the reasonableness of managers’ fees and consultants’ fees. Reconcile ACERA’s monthly financial statement report with custodian bank’s records as they pertain to the Investment department.
Completes external surveys for ACERA’s portfolio.
Performs basic analyses for ACERA’s portfolio including portfolio manager’s performance attributions and styles.
Responsible for phone correspondence, filing, mailing, faxing, and copying. Draft letters as assigned.

MINIMUM QUALIFICATIONS

Education:

Possession of a bachelor’s degree from an accredited college or university in investment, finance, economics, accounting, or business administration.

AND

Experience:

The equivalent of one (1) year of professional full-time financial analysis experience in a financial institution, which has included some combination of financial research and analysis, report preparation, compliance monitoring, relationship and/or program management.

NOTE: The Civil Service Commission may modify the above Minimum Qualifications in the announcement of an examination.

KNOWLEDGE AND SKILLS

NOTE: The level and scope of the following knowledge and abilities are related to duties listed under the “Examples of Duties” section of this specification.

Knowledge of:

Word processing, spreadsheets, database management, and other computer applications.
Basic investment management and portfolio procedures and practices.
Principles of investments, finance, statistics, and administrative analysis.
Business office procedures.
Financial data evaluation and reporting.
Basic understanding of securities and market trends.
Basic principles and practices of research methods and report preparation.
Problem-solving and process improvement.

Ability to:

Communicate effectively in writing and orally with co-workers, stakeholders, and vendors.
Understand the principles of investment, finance, and accounting.
Understand the concept of institutional investment portfolio construction and management.
Manage multiple priorities, meet deadlines, and embody a team-first approach.
Utilize a proactive approach to managing and completing tasks and responsibilities.
Use Excel, Word, Microsoft Outlook, and other relevant computer software.
Analyze financial data and be attentive to details.

CLASS SPEC HISTORY

CK:pf 10/11/01

Newspecs: 1343.doc

CSC Date: 11/14/01

HC:po Revised 3/3/06

CSC Date: 3/29/2006

JP:po Revise/Retitle 9/24/09

old title: Junior Investment Analyst

CSC Date: 10/7/2009

RE:sa Revised 08/11/2022

CSC Date:01/11/2023

IL:saa Revised 01/23/2024

CSC Date:03/06/2024

BENEFITS

Alameda County offers a comprehensive and competitive benefits package that affords wide-ranging health care options to meet the different needs of a diverse workforce and their families. We also sponsor many different employee discount, fitness and health screening programs focused on overall well being. These benefits include but are not limited to*:

For your Health & Well-Being

Medical – HMO & PPO Plans
Dental – HMO & PPO Plans
Vision or Vision Reimbursement
Share the Savings
Basic Life Insurance
Supplemental Life Insurance (with optional dependent coverage for eligible employees)
Accidental Death and Dismemberment Insurance
County Allowance Credit
Flexible Spending Accounts - Health FSA, Dependent Care and Adoption Assistance
Short-Term Disability Insurance
Long-Term Disability Insurance
Voluntary Benefits - Accident Insurance, Critical Illness, Hospital Indemnity and Legal Services
Employee Assistance Program

For your Financial Future

Retirement Plan - (Defined Benefit Pension Plan)
Deferred Compensation Plan (457 Plan or Roth Plan)

For your Work/Life Balance

12 paid holidays
Floating Holidays
Vacation and sick leave accrual
Vacation purchase program
Management Paid Leave**
Catastrophic Sick Leave
Pet Insurance
Commuter Benefits Program
Guaranteed Ride Home
Employee Wellness Program (e.g. At Work Fitness, Incentive Based Programs, Gym Membership Discounts)
Employee Discount Program (e.g. theme parks, cell phone, etc.)
Child Care Resources
1^st United Services Credit Union

*Eligibility is determined by Alameda County and offerings may vary by collective bargaining agreement. This provides a brief summary of the benefits offered and can be subject to change.

** Non-exempt management employees are entitled to up to three days of management paid leave. Exempt management employees are entitled to up to seven days of management paid leave.