Investment Officer

ImpactAlpha Inc.; Sacramento (CA); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Health benefits

Flexible work hours

Onsite childcare facility

Onsite fitness center

Onsite café and nearby restaurants

Free onsite parking Mon & Fri

Free offsite parking with shuttle Tue–

Annual incentive 0-10% of salary

CFA pay differential 5%

PLP leave credits

Job summary

California Public Employees’ Retirement System (CalPERS) is seeking an Investment Officer II to focus on energy transition investments and sustainability integration across its portfolio. The role supports due diligence in climate opportunities, market mapping, and building an investment pipeline while collaborating with the Sustainable Investments team.

The position offers hybrid work with remote days and onsite requirements, plus travel for trainings and conferences.

Qualifications

• Must be authorized to work in the United States without the need for visa sponsorship.
• Must meet the Minimum Qualifications stated in the Classification Specification for Investment Officer II.
• Must be able to qualify for a Surety Bond.
• Must undergo a criminal history review process using Live Scan fingerprinting.
• Subject to Personal Trading Regulations and Conflict of Interest Code requirements, including disclosure of certain investment information and use of a designated trading platform for securities transactions.
• Must be willing to file a Statement of Economic Interest (Form 700).
• Available to work a hybrid schedule with up to two days remote and three or more days onsite per week.
• Willing to travel for trainings and conferences as required.]

Responsibilities

• Support the due diligence of climate-related investment opportunities across private markets.
• Conduct sourcing and market mapping of asset managers focused on climate solutions across private markets.
• Work with the SI team to develop an investment pipeline across private markets.
• Support CalPERS’ sustainability integration efforts across the broader portfolio.
• Participate in the development and regular update of sustainable investments strategic plans and research reports.
• Focus research on specific sectors, geographies, or trends as assigned.
• Conduct data gathering, organization, and presentation to support investment decisions.
• Participate in trainings and conferences as required

Skills

Due diligence

Sourcing

Market mapping

Investment pipeline

Sustainability integration

Job description

About California Public Employees’ Retirement System (CalPERS)

California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $657.31 billion as of August 19, 2026. Headquartered in downtown Sacramento, CalPERS serves as a destination employer with an international reputation for leadership and innovation in the investment and pension management industry. CalPERS is committed to serving its members, supporting its team members, and contributing to the larger community. The organization is strategically situated near desirable destinations including Napa Valley, San Francisco, and Lake Tahoe, offering employees competitive benefit packages, compensation, and advancement opportunities. CalPERS maintains a diverse and inclusive workforce where talent, experience, and expertise are highly valued. The organization operates with a mission-driven approach, with all decisions and actions guided by established Investment Beliefs. CalPERS actively pursues diversity, equity, and inclusion initiatives across the organization, recognizing the importance of representation and equal opportunity in building a strong institutional team.

About this Role

The Sustainable Investments (SI) program at CalPERS is seeking an Investment Officer II to focus primarily on investing in the energy transition and low carbon economy while advancing sustainability integration across the broader CalPERS portfolio. This position offers an opportunity to work on climate-related investment opportunities and contribute to the development of strategic investment initiatives in a rapidly evolving sector. The Investment Officer II will support due diligence processes for climate-related investment opportunities across private markets and engage in sourcing and market mapping activities to identify asset managers focused on climate solutions. The role involves collaborating with the SI team to develop a comprehensive investment pipeline across private markets and supporting CalPERS’ broader sustainability integration efforts across its portfolio. The position includes responsibility for participating in the development and regular updates of sustainable investments strategic plans and research reports, typically focused on specific sectors, geographies, or trends. This includes sourcing, gathering, organizing, applying, and presenting data and research to support investment decision-making. The position is eligible for a hybrid work schedule, with up to two days of remote work and three or more days onsite per week. Travel may be required to attend trainings and conferences. This is a permanent full-time position with eligibility for an annual incentive award of 0-10% of salary based on achievement against quantitative and qualitative measures. Employees who possess Charter Financial Analyst (CFA) certification may receive a 5% monthly base pay differential.

Responsibilities

• Support the due diligence of climate-related investment opportunities across private markets
• Conduct sourcing and market mapping of asset managers focused on climate solutions across private markets
• Work with the SI team to develop an investment pipeline across private markets
• Support CalPERS’ sustainability integration efforts across the broader portfolio
• Participate in the development and regular update of sustainable investments strategic plans and research reports
• Focus research on specific sectors, geographies, or trends as assigned
• Conduct sourcing, gathering, organization, application, and presentation of data and research to support investment decisions
• Participate in trainings and conferences as required

Requirements

• Must be authorized to work in the United States without the need for visa sponsorship now or in the future
• Must meet the Minimum Qualifications stated in the Classification Specification for Investment Officer II
• Must be able to qualify for a Surety Bond
• Must undergo a criminal history review process utilizing Live Scan fingerprinting if not currently employed at CalPERS
• Subject to Personal Trading Regulations and Conflict of Interest Code requirements, including disclosure of certain investment information and use of a designated trading platform for securities transactions
• Must be willing to file a Statement of Economic Interest (Form 700)
• Available to work a hybrid schedule with up to two days remote and three or more days onsite per week
• Willing to travel for trainings and conferences as required

Benefits

• Eligible for health benefits and leave programs (eligibility depends on length of service and collective bargaining agreements)
• Alternate work schedules available
• 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
• Annual incentive award opportunity of 0-10% of salary based on achievement against quantitative and qualitative measures
• Charter Financial Analyst (CFA) pay differential of 5% monthly base pay for certified employees
• Personal Leave Program 2025 (PLP 2025): 5 hours of PLP leave credits monthly