County of Alameda

Investment Officer, ACERA (#1346)

Bargaining Unit: Unrep - ACERA Classes (066)
$71.95-$91.84 Hourly / $5,756.00-$7,347.20 BiWeekly /
$12,471.33-$15,918.93 Monthly / $149,656.00-$191,027.20 Yearly

DESCRIPTION
This classification specification describes the advanced level of the Investment Officer, Alameda County Employees’ Retirement Association (ACERA), flexibly staffed series.  Incumbents of this classification, under general direction of the Chief Investment Officer, conducts complex research and analysis related to the retirement fund’s investments; performs investment program oversight; assists with the administration of investment programs; and performs related duties as required.

DISTINGUISHING FEATURES  

This classification is part of a three-level flexibly staffed class series of the Investment Officer, ACERA, series classifications.  This position is located in the Office of the Alameda County Employees’ Retirement Association (ACERA) and reports to the Chief Investment Officer, ACERA.  Incumbents in this classification are expected to perform in an independent and responsible support role in implementing parts of the ACERA investment program, with a focus on maximization of return on investment of ACERA funds while balancing overall risk exposure. The Investment Officer, ACERA, is distinguished from the lower-level classification of Investment Analyst, ACERA, in that the Investment Officer is also responsible for taking a mentor role to the Investment Analysts in managing investment assets and providing oversight on assigned assets while assisting in the various activities in the day-to-day functioning of the investment program. 

Investment Officers, ACERA, are eligible to flexibly promote to the higher-level class of Senior Investment Officer, ACERA, after three (3) years and a successful job evaluation performance.

EXAMPLES OF DUTIES
NOTE: The following are 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.

  1. Reviews investment committee agendas and official minutes for accuracy and completeness.
  2. Develops written procedures to increase efficiency, reduce costs or both.
  3. Conducts investment manager due diligence activities, including on-site visits.
  4. Research, reviews and recommends investment strategies, products and managers.
  5. Provides administrative oversight over consultant(s) and asset managers within the assigned asset classes.
  6. Assumes primary responsibility for ACERA’s corporate governance program.
  7. Analyzes and votes proxies in accordance with Board adopted proxy voting policy or oversees such activity as performed by third-party vendors.
  8. Maintains accurate and timely records of votes cast and reports results of the voting activity to the Investment Committee.
  9. Uses a variety of contacts and/or resources to remain apprised of developments in the investment markets and corporate governance arenas and suggests appropriate changes to the relevant policies or procedures.
  10. Represents ACERA at investment seminars or conferences.
  11. Monitors account holdings for compliance with investment policy and guidelines; prepares and summarizes Exception Reports for the Chief Investment Officer’s review.
  12. Performs compliance audits in accordance with investment policy; contacts vendors directly to resolve deficiencies; reports problems to the Chief Investment Officer.
  13. Prepares oral, written, and graphical presentations to key decision-makers by using a variety of applicable software.
  14. Researches and makes recommendations regarding investment policies or procedures, portfolio performance or management, asset classes, asset allocation, or other related topics.


MINIMUM QUALIFICATIONS

EITHER I
Experience:

The equivalent of two (2) years of full-time experience in the classification of Investment Analyst, ACERA, in the Alameda County classified service.

OR II
Education:

Possession of a bachelor’s degree from an accredited college or university in Finance, Economics, or Business Administration with an emphasis in Investments, Finance, Economics, Real Estate, or a related field.

AND
Experience:

The equivalent of three (3) years of full-time professional-level experience in a financial institution, which has included some combination of financial research and analysis, report preparation, compliance monitoring, relationship and/or program management.

Substitution:

A master’s degree in finance, public administration, business administration, or a related field based on a two (2)-year curriculum may substitute for two (2) years of the required work experience.

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.
  • Investment management procedures and practices.
  • Principles of investment, finance, statistics, and administrative analysis.
  • Statistical and computer techniques/programs applicable to financial data in evaluating investment managers and portfolios.
  • Sources of data for analyzing securities and market trends.
  • Diversified securities and available investment markets.
  • Principles and practices of research methods and report preparation.
  • The scientific method of solving problems.
Ability to:

  • Establish and maintain professional relationships with members of the Retirement Board, ACERA staff, members of the Retirement Association, other governmental agencies, legal and investment professionals, and consultants.
  • Evaluate external investment managers’ and consultants’ performance.
  • Write clearly, concisely, and persuasively about technical subject matter.
  • Understand and assess the quality, accuracy, and reliability of manager and consultant reports.
  • Exhibit strong interpersonal skills and emotional intelligence.
  • Use spreadsheets and databases for analysis and presentation of information.
  • Communicate effectively orally and in writing.
  • Plan, assign, direct, and review the work of others on a project on a day-to-day basis.
  • Represent ACERA in meetings with others.
  • Work effectively in situations involving change and uncertainty.
  • Isolate critical investment data to assess financial risk of investment options.
  • Problem-solve and be attentive to details.


CLASS SPEC HISTORY
Old document  VS:jc
6/98
cadssec/invanal
renamed: jobspecs/1346
DA:jc
Revised: 6/2000
New document:  Jobspects/1346
ys/12/00
CSC Date:  7/19/00
JP:po  Revise/Retitle  9/24/09
Old title:  Investment Analyst
CSC Date:   10/7/09
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
  • 1st 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.




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