Investment Support Analyst

State of California; California; Hybrid; USD 43,000 - 70,000; Full time

Benefits offered by this job

Remote work options

Job summary

CalSTRS Investments Branch, part of the State of California, is seeking an Analyst I for the Total Fund Management (TFM) team. The analyst will perform mid-level analytical work, support portfolio decisions, and develop data-driven reports under supervision.

The TFM team integrates asset allocation, risk management, and balance sheet considerations to optimize long-term risk-adjusted returns for the total fund.

Qualifications

• Experience using the Microsoft Office Suite (Word, Excel, Outlook, PowerPoint).
• Ability to compile/organize data into reports and deliver clear written communications.
• Strong analytical and organizational skills with high attention to detail.

Responsibilities

• Perform analytical work under supervision for Directors, Portfolio Managers, and Investment Officers.
• Compile and organize data into reports.
• Communicate findings clearly in writing and verbally.
• Prioritize workloads to meet deadlines and adapt to shifting priorities.
• Collaborate with team members to support Investments Branch goals.

Skills

Microsoft Office

Data analysis

Written and verbal communication

Detail orientation

Prioritizing workload

Research and interpretation

Team collaboration

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

PowerPoint

Job description

$3,861.00 - $6,276.00 per Month
New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.

Final Filing Date: 10/27/2026

Application Methods: Electronic (Using your CalCareer Account) By Mail Drop-off

The CalSTRS Investments Branch is seeking an experienced individual to work as an Analyst Ion the Total Fund Management team.

The TFM team is responsible for integrating asset allocation (tactical, strategic, and asset-liability management), risk management, and balance sheet management to provide optimal long‑term risk‑adjusted returns for the total fund. While these activities have a long history at CalSTRS, the TFM team was established in July 2024. TFM works with the senior management team and asset classes, incorporates pacing and liquidity information, and provides analyses for total fund allocation decisions. A key objective for the team is to build and maintain a resilient, globally diversified investment portfolio.

Under supervision of the Investment Director, Total Fund Management (TFM), the Analyst I is responsible for performing work of average difficulty in a wide variety of analytical work to the Director, Portfolio Managers, Associate Portfolio Managers, and Investment Officers of the unit. The Analyst I is responsible for performing the following duties requiring a moderate degree of supervision and oversight.

• Experience utilizing the Microsoft Office Suite (i.e., Word, Excel, Outlook, PowerPoint)
• Experience compiling/organizing data and information into reports
• Excellent written and verbal communications skills
• Strong analytical skills
• Strong organizational skills with high attention to detail
• Ability to research, organize, analyze, and interpret information
• Ability to prioritize workload, and ensure deadlines are met
• Ability to research and analyze complex issues with strong attention to detail
• Ability to successfully multi‑task and re‑direct job focus when needed
• Ability to maintain a high degree of diplomacy and tact while interfacing with a wide range of staff and external stakeholders
• Ability to work effectively as an individual and as part of a team to support team, unit, and Investments Branch goals
• Experience utilizing the Microsoft Office Suite (i.e., Word, Excel, Outlook, PowerPoint)

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

In July 2025, the State of California implemented the Personal Leave Program 2025. This program reduces employees’ monthly base pay in exchange for paid leave credits. This position is subject to PLP 2025 and will have a monthly base pay reduction of 3% in exchange for 5 hours of leave credits for the duration of the program. The salary ranges shown on this job posting do not reflect the reduced amounts.

Working Conditions

CalSTRS offers a hybrid approach including in‑office and remote work solutions based on business needs.

All staff of CalSTRS are employees of the State of California and subject to California employment taxes and withholdings. Upon appointment, staff are required to provide a current California address to CalSTRS Human Resources to be used as a remote work location.

This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for visa sponsorship by the start date of employment with CalSTRS.

Minimum Requirements

You will find the Minimum Requirements in the Class Specification.

• ANALYST I

ANALYST I $3,861.00 - $4,839.00A $4,181.00 - $5,233.00B $5,014.00 - $6,276.00C New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.

# of Positions:

1

Work Location:

Telework: Hybrid

Job Type: Permanent, Full Time

Department Information

CalSTRS: Securing the financial future and sustaining the trust of California’s educators
CalSTRS is the largest educator‑only pension fund in the world, providing retirement, disability and survivor benefits to California's more than 1 million public school educators and their families. The Investments Branch manages a portfolio that is broadly diversified into seven asset categories with assets totaling approximately $389.5billion as of November 30, 2025 . In 2025, the CalSTRS Investments Branch was named one of the Best Places to Work in Money Management by the Pensions & Investments magazine for the eleventh time since 2013.
CalSTRS is committed to setting best practice precedents, implementing innovative diversity and inclusion principles, motivating positive change, and advancing the worlds investment markets. We do this by establishing collaborative relationships across a vast network of investment managers, portfolio companies and industry associations in order to maximize returns and leverage opportunities for positive change.
Our two U.S. Green Building LEED Platinum‑certified headquarters buildings in West Sacramento, California, feature sustainable construction, abundant natural lighting, an organic garden, sustainable beekeeping and ergonomic functionally designed workspaces. We offer a variety of on‑site amenities to our team members, including two full‑service cafés, two free fitness centers, a bicycle rental library and a child care center with a covered playground. Team members enjoy walks along the Sacramento River and nearby seasonal farmers markets.
In addition to our state‑of‑the‑art amenities, we offer thriving wellness and sustainability programs, an award‑winning employee recognition program, and ongoing training, learning and development opportunities. We offer competitive benefits, flexible work hours and hybrid work options. We are committed to creating a workplace where our team members thrive.
If you’re looking for a rewarding career and are interested in becoming part of a diverse and inclusive workforce where talent, expertise and wellness are valued, we encourage you to find out more about our many career options at CalSTRS.com/Careers .

Special Requirements

Interested individuals must submit a Statement of Qualifications (SOQ) in addition to the standard state application (form STD 678). Your SOQ will be considered the first interview for this position. If your qualifications are competitive, you will be invited to an interview. When completing the SOQ, please include all relevant experience, education, and training, as applicable, and explain all answers thoroughly. Your SOQ should not exceed two pages, single‑spaced, 12‑point font and address the following questions:

• What specifically interests you about this position, and what makes you competitive candidate for this position?
• Describe your experience providing administrative support.

Background Investigation
Prior to employment with CalSTRS, a background investigation (BI) will be conducted. The BI consists of a Personal History Statement and fingerprinting through the Department of Justice. The BI will check criminal and civil records and, if applicable, verify education and check driving records.

CalSTRS Disclosure Requirements
This position may be subject to disclosure and disqualification requirements concerning economic conflict of interest in government work, including the Conflict of Interest Code that applies to CalSTRS team members and the Political Reform Act, 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).

Incompatible Activities
This position is subject to the provisions of Government Code Section 19990. Upon accepting a position at CalSTRS, you will also be required to comply with the CalSTRS Incompatible Activities Policy by ensuring that outside work or activities are compatible and align with your professional activities or workplace obligations.

Equal Opportunity Employer

The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.

It is an objective of the State of California to achieve a drug‑free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.

CalSTRS offers a competitive pay schedule and a work‑life‑balance for all its employees. The State of California provides comprehensive benefits packages determined by the employee’s bargaining unit and conditions of employment. Some benefits include:

• Remote work options
• Medical benefits, including health, dental and vision insurance
• Paid holidays and a defined benefit retirement program
• More than four weeks of vacation/sick leave for leaders
• More than three weeks of vacation/sick leave for staff

Human Resources Contact:
Executive and Investment Talent Management
[phone]
[e-mail]

EEO Contact:
EEO Officer
[phone]
[e-mail]

California Relay Service: 1‑800‑735‑2929 (TTY), 1‑800‑735‑2922 (Voice) TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.