Investment Officer III – Direct Investments

CalSTRS; California (MO); On-site; USD 124,000 - 149,000; Full time

Job summary

A leading investment organization seeks an experienced Investment Officer III for its Private Equity team. This role involves expertise in co-investment underwriting and portfolio management within a dynamic environment, driving investment strategies to enhance equity returns for California’s educators. Ideal candidates will have a strong academic background in finance and relevant professional certifications.

Benefits

Medical insurance

Vision insurance

Paid maternity leave

Pension plan

Paid paternity leave

Qualifications

• Ideal candidate has experience in investment due diligence and underwriting.
• Strong understanding of financial statements and portfolio management.

Responsibilities

• Perform as a high-level specialist in co-investment underwriting.
• Manage and co-monitor a portfolio of private equity partnerships.

Skills

Knowledge of investment principles

Financial modeling

Portfolio analytics

Excellent written and verbal communication skills

Team player

Education

Undergraduate or advanced degree in finance, accounting, economics, mathematics

CFA designation or other professional certification such as CAIA

Job description

Investment Officer III – Direct Investments

Join to apply for the Investment Officer III – Direct Investments role at CalSTRS

Investment Officer III – Direct Investments

Join to apply for the Investment Officer III – Direct Investments role at CalSTRS

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This range is provided by CalSTRS. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$124,440.00/yr - $148,404.00/yr

This position is eligible for incentive compensation and has a maximum incentive opportunity of 20% of base salary.

The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer III on the Private Equity team.

Established in 1988, CalSTRS Private Equity program invests globally in partnerships, separate accounts, general partner interests, secondary interests and co-investments. Investments include buyouts, growth equity, debt-related and venture capital. External advisors support the program by providing investment selection advice, research and gate-keeping services.

Private Equity is a fast-paced, team-oriented environment with opportunities for training and advancement. While collaborating with some of the best general partners, advisors, consultants and attorneys, you will contribute to the success of one of the largest Private Equity programs in the world. Team members will collaborate with the broader CalSTRS Investment Office and engage in projects ranging from evaluation of co-investments, secondary transactions, and other private equity investment strategies.

Come join the Private Equity team as we work toward our goal of enhancing equity returns and ultimately ensuring retirement benefits for California’s educators!

Under the general direction of the Portfolio Manager, the Investment Officer III – Direct Investments is expected to perform with a high degree of independence and serve as a high-level specialist to provide investment expertise in co-investment underwriting and portfolio management for the private equity industry. This position will be responsible for coordinating efforts to manage and co-monitor a portfolio of private equity partnerships and co-investments (primary and secondary) in the U.S. and internationally. Additionally, this position may be asked to work on efforts (underwriting or monitoring) outside of co-investments, but within the broader Private Equity ecosystem.

The ideal candidate will possess the following skills:

• Undergraduate degree or possession of an advanced degree in finance, accounting, economics, mathematics, or other similar fields
• Knowledge of investment principles
• Knowledge of private market-based investment strategies (private equity, private credit, venture, secondaries, mezzanine, and distressed)
• Experience within private markets, including all aspects of portfolio management, direct investment, investment manager selection, and diligence processes within an institutional environment
• Experience in underwriting, investment due diligence and writing investment recommendation memos
• Strong understanding of financial statements and accounting concepts
• Strong financial modeling, portfolio analytics and presentation skills
• Excellent written and verbal communication skills
• Experience in interaction with external management consultants, advisors, and/or legal experts
• Team player with a strong work ethic, high integrity, and desire to learn
• CFA designation or other professional certification such as CAIA

An incumbent who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.

Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Analyst, Finance, and Research

• Industries

  Government Administration, Financial Services, and Investment Management

Referrals increase your chances of interviewing at CalSTRS by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

Paid maternity leave

Pension plan

Paid paternity leave

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