4331 Security Analyst

Investment Analyst

Recruitment #PBT-4331-059210





Receipt of applications may close at anytime, but not before
Monday, September 17, 2012 by 5:00 PM.

This is a Position-Based Test conducted in accordance with Civil Service Rule 111A.

The San Francisco Employees’ Retirement System offers an exceptional opportunity for the right candidates to serve this historic, well established City Department by engaging in interesting and rewarding mission critical work. Established in 1889 as a fund for families and orphans of firefighters and police officers, today the San Francisco Employees’ Retirement System serves more than 53,000 active and retired employees of the City and County of San Francisco and their survivors.

Our Mission
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 member of the City and County of San Francisco.

The San Francisco Employees’ Retirement System, a $15 billion public defined benefit pension trust, currently seeks experienced investment analysts who will be strongly committed to serving our members, and to prudently analyze and monitor a sophisticated investment portfolio allocated across a diverse range of asset classes. Under direction, the Security Analysts perform difficult and complex research work involving knowledge of private market investments (e.g., leveraged buyout, private equity, real estate and venture capital). 

The essential functions are:

  1. Conducts research, analyzes primary source data and writes reports regarding the financial condition of an Individual company's total business Including product markets, financial condition, capital structure, earnings capacity, corporate strategy, investments and other relevant factors; calculates, evaluates and determines relative profitability and market or credit risk of individual company investments.
  2. Reviews, evaluates and prepares reports on current financial strength of industries assigned on the basis of macro analysis, and constructs forecasts of the relative impact of expected economic developments on these industries; recommends possible investment candidates. 
  3. Measures performance of investment managers and submits written reports and recommendations to the Chief of Investments or Portfolio Manager as assigned. 
  4. Communicates verbally and in writing to superiors concerning investment action recommendations on companies and industries; indicates the portfolio implications of these recommendations in regard to determination of asset allocation. 
  5. Establishes contact as directed with company representatives and outside consultants to secure financial data and evaluations on industries and companies reviewed. 
  6. Evaluates investment market values and recommends purchase and transactions to Portfolio Manager; upon approval executes security transactions on most advantageous terms. 
  7. Utilizes specialized investment software to access departmental data sources and analyzes the information.
  8. Provides technical and administrative support in development and utilization of quantitative tools for use in management of the portfolio as well as development of quantitative and fundamental investment management processes. 
  9. Assists in development of requests for proposals, vendor evaluation, and recommendations regarding quantitative models, tools and/or systems. 
  10. Determines relevant benchmarks and develops custom benchmarks when necessary.
  11. Provides support and assessment regarding methods utilized for measurement, monitoring and management of asset classes, sub-asset classes and individual manager risk.
  12. Prepare and/or presents complex reports related to risk assessment and variances; recommend alternatives as needed.
  13. Trains other investment personnel regarding use and utilization of models, tools and systems.

Minimum Qualifications

  1. Possession of a baccalaureate degree from an accredited college or university, with major coursework in economics, business, finance, banking or closely related field; AND
  2. 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 private investments including the qualitative skills for assessment and recommendations; AND
  3. Computer proficiency including Windows-based software for database management, word processing, spreadsheets and investment-related software.

Desirable Qualifications:

The stated desirable qualifications may be used to identify job finalists at the end of the selection process when candidates are referred for hiring.

  • Possession of a Master’s degree in Business Administration.
  • Possession of or in the process of completing the Certified Public Accountant license, the Chartered Financial Analyst program and/or the Chartered Alternative Investment Analyst program.
  • Minimum of two years of real estate and/or alternative investments experience. 
  • Minimum of two years of institutional investment experience.

How To Apply

Applications for City and County of San Francisco jobs are being accepted through an online process. Visit www.jobaps.com/sf to register an account (if you have not already done so) and begin the application process.

  • Select the desired job announcement
  • Select “Apply” and read and acknowledge the information
  • Select either “I am a New User” if you have not previously registered, or “I have Registered Previously”
  • Follow instructions on the screen

Computers are available for the public (from 8:00 a.m. to 5:00 p.m. Monday through Friday) to file online applications in the lobby of the Dept. of Human Resources at 1 South Van Ness Avenue, 4th Floor, San Francisco.

Applicants may be contacted by email about this announcement and, therefore, it is their responsibility to ensure that their registered email address is accurate and kept up-to-date. Also, applicants must ensure that email from CCSF is not blocked on their computer by a spam filter. To prevent blocking, applicants should set up their email to accept CCSF mail the following addresses (@sfgov.org, @sfdpw.org, @sfport.com, @flysfo.com, @sfwater.org, @sfdph.org, @asianart.org, @sfmta.com).

All work experience, education, training and other information substantiating how you meet the minimum qualifications must be included on your application by the filing deadline. Information submitted after the filing deadline will not be considered in determining whether you meet the minimum qualifications.

Applications completed improperly may be cause for ineligibility, disqualification or may lead to lower scores.

If you have any questions regarding this recruitment or application process, please contact the examination analyst, Grace Tam at 415-581-2396.


Resumes will not be accepted in lieu of verification of qualifying experience and education. Applicants must submit verification of the qualifying experience and education at the time their application is submitted. A copy of a diploma and/or transcripts must be submitted to verify the education requirement. Verification of qualifying experience must be signed by the employer or the employer's authorized representative on the employer's business letterhead and must include the name of the applicant, job title(s), dates of employment, and description of job duties performed. City employees who qualify based solely on City employment or a combination of City employment and outside experience may submit performance evaluations as proof of qualifying City experience in lieu of other verification, but must verify outside qualifying experience as stated above. City and County of San Francisco employees will receive credit for the duties of the class to which they are appointed. Credit for experience obtained outside of the employee’s class will be allowed only if recorded in accordance with the provisions of the Civil Service Commission Rules. Verification may be waived if impossible to obtain. The applicant must submit a signed statement with the application explaining why verification cannot be obtained. Waiver requests will be considered on a case-by case basis. Failure to submit the required verification or waiver request will result in disqualification or ineligibility for employment. Note: Falsifying one’s education, training, or work experience or attempted deception on the application may result in disqualification for this and future job opportunities with the City and County of San Francisco.

Selection Procedures

Training and Experience Evaluation: (Weight: 100%)
Candidates will be evaluated and scored based on the information provided in their job application, and supplemental questionnaire to determine their possession of the knowledge, skills, and abilities required for position 4331 Security Analyst . It is important that the information provided on the supplemental application be accurate and complete. All relevant experience, education and/or training must be on the application in order to be reviewed in the rating process. Candidates will be placed on the eligible list in rank order according to their final training and experience evaluation score. All statements made on the application materials are subject to verification.

Applicants meeting the minimum qualifications are not guaranteed advancement in the selection process. The department may administer additional selection procedures upon certification in order to make a final hiring decision.

Candidates’ scores on this examination may also be applied to other announcements involving other job titles, when directed by the Human Resources Director.

Certification: The certification rule for the eligible list resulting from this examination will be Rule of Three Scores. The hiring department may conduct additional selection processes to make final hiring decisions.

Eligible List: The duration of the eligible list resulting from this examination process will be 12 months, and may be extended with the approval of the Human Resources Director. http://www.sfdhr.org/index.aspx?page=20#eligiblelists

Upon approval of the Human Resource Director (see Civil Service Rule 111A.26.5), the eligible list resulting from this announcement may be used by other departments that also use this classification or a similar classification. To find other Departments which use this classification, please see http://www.sfdhr.org/Modules/ShowDocument.aspx?documentID=13693. Search that document by title or job code to see which departments use the classification.

Disaster Service Workers

All City and County of San Francisco employees are designated Disaster Service Workers through state and local law (California Government Code Section 3100-3109). Employment with the City requires the affirmation of a loyalty oath to this effect. Employees are required to complete all Disaster Service Worker-related training as assigned, and to return to work as ordered in the event of an emergency.


Reasonable Accommodation Request:

Veteran’s Preference:

General Information concerning City and County of San Francisco Employment Policies and Procedures:

Copies of Application Documents:

Right to Work:

Seniority Credit in Promotional Exams:

Position Based Testing:

Terms of Announcement:
Applicants must be guided solely by the provisions of this announcement, including requirements, time periods and other particulars, except when superseded by federal, state or local laws, rules or regulations. Clerical errors may be corrected by posting the correction on the Department of Human Resources website at www.jobaps.com/sf. The terms of this announcement may be appealed under Civil Service Rule 111A.35.1. The standard for the review of such appeals is ‘abuse of discretion’ or ‘no rational basis’ for establishing the position description, the minimum qualifications and/or the certification rule. Appeals must include a written statement of the item(s) being contested and the specific reason(s) why the cited item(s) constitute(s) abuse of discretion by the Human Resources Director. Appeals must be submitted directly to the Executive Officer of the Civil Service Commission within five business days of the announcement issuance date.

Issued: September 10, 2012
Recruitment No.: 059210
Micki Callahan, Director
Department of Human Resources
Team: RET/GT
(415) 581-2396


All employees hired on or after January 10, 2009 will be required (pursuant to San Francisco Charter Section A8.432) to contribute 2% of pre-tax compensation to fund retiree healthcare. In addition, most employees are required to make a member contribution towards retirement, typically a 7.5% of compensation. For more information on these provisions, please contact the personnel office of the hiring agency.

For more information about benefits, please click here.

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