Finance Analyst III, LACERA – Portfolio Analytics (Resume Canvass 25-02)

ABOUT THE POSITION:

The Finance Analyst III works under the general administrative and technical direction of a Senior Investment Officer, LACERA who has immediate responsibility assist in the management of an asset class of the Los Angeles County Employee Retirement Association (LACERA) investment portfolios, such as: Fixed Income; Real Estate; Equities; or Alternative Assets. Depending upon the asset class to which the incumbent is assigned, the work involves activities such as: assisting in the supervision of subordinate analyst staff and secretarial/clerical support staff, preparation of recommendations regarding investment policy, negotiating contracts for investment managers, and other investment related services, and implementing investment portfolio reallocations.  In addition to the higher level more complex work, the positions in this classification are distinguished from the lower-level finance analyst classifications by their level of independence and direct responsibility making financial decisions which impact an asset class.The Investments Division at LACERA encompasses a diverse array of asset classes, including Public Equities, Private Equity, Real Assets (Infrastructure and Natural Resources), Real Estate, Fixed Income, Hedge Funds, Credit, Direct Investments (Private Markets), Portfolio Analytics (Risk Management), and Corporate Governance Stewardship (Environmental, Social, and Governance).The Investment Division has a vacancy within the Portfolio Analytics (“PA”) team. PA is responsible for total Fund risk management, performance measurement, compliance, operations, and reporting for both the Pension and OPEB Trust. PA is also responsible for the investment oversight of the OPEB Trust, cash management, and cash overlay programs for both total Funds. The position is needed to help implement and monitor fund-wide initiatives across multiple asset categories as well as the OPEB Master Trust.

DESIRABLE QUALIFICATIONS

The ideal candidate will possess experience: 

• Implementing investment management strategy and portfolio structure.
• Participating in asset class investment committees to help execute and implement strategic asset allocation.
• Conducting due diligence, negotiating terms, establishing investment guidelines, and structuring investments within a portfolio.
• Monitoring external investment managers to ensure performance and portfolio strategies adhere to investment mandates and contractual compliance.
• Producing and presenting recommendations for Investment Committees and Board approval on total fund decisions.
• Utilizing portfolio analytics tools to design and implement dashboards and reporting to enhance transparency, reporting accuracy, and real-time monitoring of investment attribution, risk, exposure, and performance.
• Preparing detailed reports and presentations for internal stakeholders, investment committees, and external auditors, ensuring clarity and compliance utilizing performance, analytics, and risk measurement software.
• Developing recommendations to enhance investment data processing services and evaluating external data sources for their operational value.
• Mentoring, developing, and training investment staff.

Knowledge of: Legal and economic terms and structures in Private Equity co-investments, secondaries, and fund investments; policies and procedures related to private equity, investment strategies and performance measurement; principals and applications of Microsoft applications including Word, Excel, PowerPoint, and Teams.

Ability to: Analyze and interpret data; think critically and strategically; be action and results focused; communicate effectively verbally and in writing; pay attention to detail; demonstrate decision making abilities; exhibit Leadership; and demonstrate teamwork, collaborating with others to achieve shared goals.