Investment Officer III - JOB #00383


Company:: Calpers Investments
Location:: Sacramento, CA
Job Type:: Full Time
Category:: Capital Markets

Yrs of Exp:: 5+ to 7 years
Posted:: 1/24/2013

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Job Description

CalPERS seeks an Investment Officer III (IO III) to work under the general direction of the Portfolio Manager (PM) of the Global Fixed Income (GFI), High Yield. The IO III assigned to the position identified above demonstrates the CalPERS Core Values (Quality, Respect, Integrity, Openness, Accountability, and Balance), works well as a member of a team, and takes initiative in effectively performing the following functions:

Duties include but are not limited to:

• Independently analyzes, evaluates and recommends new investment grade, high yield and/or convertible corporate bond investments in assigned sectors, and monitors the existing fixed income portfolio.

• Duties include fundamental credit research analysis of both cash flow and asset coverage as well as comparative assessment of market value within sectors; identification of trends and changes in competitive positions within industries; development of analysis models; and the performance of sensitivity analyses to assess pro forma and projected financial performance; relative value corporate bond recommendations; monitoring of existing positions in various fixed income portfolios and their respective indices, using the BlackRock Solutions suite of tools.

Minimum Requirements and Experience:

• Equivalent to graduation from college preferably with major work in business administration, economics, finance, mathematics, or a closely related field.

• Five years of increasingly responsible investment analysis experience for a public agency or private financial institution, insurance company, pension fund, endowment fund, investment firm, real estate development and investment firm, or private corporation or entity having a major investment management program

Desirable Qualifications:

• Experience as a credit analyst in an investment or banking organization

• MBA or possession of an advanced degree in finance or another applicable technical field

• Professional certification such as a CPA, CFA, MFE, ASA/FSA

• MS Suite experience, particularly with Excel

• Computer programming and data mining abilities

• Ability to work independently and under short time constraints

• Strong analytical skills

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