Investment Officer – Assets Retirement System

Overview

Company:
San Francisco Employees’ Retirement System (SFERS)

SFERS 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 members of the City and County of San Francisco.

Established in 1889, SFERS serves more than 75,000 active, vested, and retired employees of the City and County of San Francisco and their survivors.

What We Do

The Investment Division supports the Retirement Board in developing investment policies and practices. Following the annual investment plan, the team deploys capital to enhance portfolio structure and long-term performance, analyzes asset allocation, manages portfolios, and monitors external investment managers.

Application Details

• Application Opening:
  April 25, 2025
• Final date to receive applications:
  Open Until Filled
• Salary: $134,576 to $171,834 annually
• Recruitment

This job announcement may close at any time, but not before November 30, 2025. Interested applicants are encouraged to apply as soon as possible.

Appointment Type

This permanent exempt position is excluded by the Charter from the competitive Civil Service Examination process and shall serve at the discretion of the Appointing Officer.

What We’re Looking For

SFERS seeks an experienced investment professional for the position of Investment Officer (IO) for its Real Assets portfolio, including real estate, infrastructure, natural resources, and other specialty investments. Reporting to the Director or Associate Portfolio Manager (APM) of Real Assets, the Managing Director of Private Markets, and the CIO, the IO and the Real Assets team oversee SFERS’ large and complex $5 billion Real Assets portfolio.

The IO participates in monitoring existing investments, underwriting and executing prospective investments, and portfolio construction and analytics. The IO works with oversight from the Director or APM of Real Assets and will perform the following essential duties and keep the Director or APM informed.

Essential Duties

• Manage the internal process for monitoring existing investments, including taking meeting notes, reviewing quarterly reports, and administering capital calls and distributions.
• Assist in due diligence of existing and prospective investment managers, including compiling screening memos, written investment recommendations, and reports for review and approval by senior staff.
• Assist with review of key partnership documents and the execution of subscription agreements, amendments, consents, and other materials related to existing or prospective investments.
• Assist in monitoring the Real Assets portfolio through quantitative and qualitative analysis, such as returns attribution.
• Organize and maintain investment records including subscription documents, side letters, offering memorandums, and other documents related to existing and prospective investments.
• Coordinate with investment managers, service providers, and colleagues to ensure compliance with investment policies and accurate reporting of investments.
• Work closely with SFERS’ real assets consultants to achieve asset class goals and manage the portfolio in accordance with the Strategic Plan.
• Perform research on investment trends affecting global markets and engage in internal investment discussions.
• Receive direction from senior investment staff and complete assigned tasks accurately and timely.
• Provide administrative and operational support as necessary.
• Represent SFERS with distinction and class to external investment managers, investment consultants, and other stakeholders.

Qualifications

Education:

Possession of a baccalaureate degree from an accredited college or university with major coursework in finance, economics, business administration, accounting, statistics, or similar field; AND

Experience:

Three (3) years of investment experience with an investment management firm, pension plan, university, endowment, foundation, corporation, family office, or consulting firm.

Substitution

• Possession of a graduate degree in Business Administration, Finance, Statistics, Investment Management, Economics or similar field, or CFA…