Job Description

Job Description and Duties

An executive search firm will be assisting in the recruitment process for this position. Your application package will be forwarded to their team for consideration.

Anticipated Interview Dates: We anticipate holding virtual interviews on an ongoing basis until the position is filled. We look forward to meeting with you!

Our Private Debt (PD) team is currently seeking an Investment Director to assist in the management of CalPERS Private Debt Portfolio and Enhanced Return Portfolio and actively contribute to the strategy, its implementation, and maintaining a strong platform to ensure the portfolios achieve the strategic return and risk objectives and drive our CalPERS mission. 

Duties include, but are not limited to:

• Oversee the day-to-day underwriting and monitoring of the investments and investment strategies within the CalPERS Private Debt portfolio to ensure investments earn the highest rate of return at targeted risk levels. 
• Proactively contribute to the strategy of the PD portfolios, propose new private debt investments to the PD team and maintain an active network to source new opportunities.
• Lead the deal process, including due diligence and dynamic contract negotiations. Present investment recommendations to Investment Committees, reflecting analyses and mitigation of risk factors, stress testing and portfolio fit.
  
• Manage and coach deal team members, actively contribute to a collaborative culture across INVO.

Telework Information : This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.

Sponsorship:  CalPERS does not participate in E-Verify for employment authorization purposes.

This position will run until filled with cutoff dates for review every Sunday until filled. 

How did you hear about this position? Tell us in this brief survey .

You will find additional information about the job in the .

Special Requirements

Recruitment Process

An executive search firm will be assisting in the recruitment process for this position. Your application package will be forwarded to their team for consideration.

Minimum Qualifications

All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position. If you are using education to meet MQs, please include your transcripts with your application package. If you have a degree from outside of the United States, you must submit an evaluation of this degree to determine the US equivalency. If you need an evaluation, you can visit the National Association of Credential Evaluation Services (NACES) website to find organizations that provide these services. The Classification Specification is located on this Job Posting under "Minimum Requirements."

Please Note: You may need to pass an examination to establish list eligibility prior to any type of job offer. To find and take an exam, visit the CalHR’s CalCareers website .

Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:

• Extensive investment and portfolio management experience focused on structured products and other private debt investments 
• Experience working for large financial institution 
• Experience managing staff and shaping culture 
• Be a team player and work in a consensus driven environment, which is a key aspect underlying success in CalPERS. 
• A high degree of initiative, professionalism, confidentiality, and able to work well under pressure in a fast-paced environment.

Benefits

CalPERS team members are eligible for a number of benefits. Health benefits and leave programs are available for most team members. Benefit eligibility may depend on length of service and collective bargaining agreements.

Some added benefits CalPERS offers include:

• Alternate Work Schedules
• Flexible Work Hours
• Onsite childcare facility
• Onsite fitness center
• Onsite café and nearby restaurants
• Free onsite parking available Mondays and Fridays, subject to change
• Free offsite parking available with shuttle service Tuesdays, Wednesdays, and Thursdays 

For more details about employee benefits, visit the California Department of Human Resources website.

Additional Information

Live Scan
Candidates not currently employed at CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.

CalPERS Disclosure Requirements
If employed, you may be subject to rules imposed by Personal Trading Regulations and Conflict of Interest Code that apply to CalPERS team members, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700)

Background Investigation
In addition to Live Scan, this position requires additional background screening prior to employment.

Surety Bond
Must be able to qualify for a Surety Bond.

Please do not include any confidential information on any documents in your application package. Confidential information that should be excluded or removed from these documents include, but is not limited to, your social security number, date of birth, marital status, personal photos, a copy of your driver’s license, equal employment opportunity data, examination scores, and LEAP status.

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is optional. It may be included, but is not required.

Job Tags

Ongoing contract, Permanent employment, Full time, Contract work, Remote work, Monday to Friday, Flexible hours

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