Portfolio Manager, Inflation Sensitive

CalSTRS; California (MO); On-site; USD 192,000 - 288,000; Full time

Job summary

A state pension fund is seeking a Portfolio Manager for the Inflation Sensitive team. The role involves managing inflation-sensitive investments, developing innovative strategies, and leading transaction underwriting. The ideal candidate will have strong leadership skills, a degree in finance or related fields, and relevant certifications. This full-time position offers a competitive salary and relocation benefits may be available.

Qualifications

• Experience with infrastructure and alternative investments.
• Ability to effectively analyze information to reach supportable conclusions.
• Experience prioritizing and ensuring deadlines are met.

Responsibilities

• Manage the development and implementation of investment strategies.
• Lead transaction underwriting and function as a subject matter expert.
• Recommend and implement innovative investment policies and strategies.

Skills

Leadership skills

Analytical skills

Teamwork skills

Presentation skills

Initiative

Education

Degree in business, finance, economics or related field

CFA, CAIA or similar certification

Job description

Join to apply for the Portfolio Manager, Inflation Sensitive role at CalSTRS

This position offers a competitive salary and incentive compensation, requiring an experienced portfolio management professional to help diversify the CalSTRS investment portfolio with infrastructure, agriculture, timberland, U.S. TIPS, and commodities.

Base pay range

$192,000.00/yr - $288,000.00/yr

This position is eligible for incentive compensation and has a maximum incentive opportunity of 125% of base salary.

The CalSTRS Investments Branch is seeking an experienced individual to work as a Portfolio Manager (PM) on the Inflation Sensitive team. The Inflation Sensitive Unit was developed to improve diversification of the overall Investment Portfolio by seeking investment strategies and security types that would protect it against inflation, generate enhanced yield and provide stable cash flows. The unit’s portfolio is currently split between private investments in Infrastructure, Agriculture, and Timberland, and public investments such as U.S. TIPS and Commodities. The Inflation Sensitive Portfolio is a unique hybrid asset class of multiple asset types that will invest in a diversified portfolio of strategies and securities utilizing a mixture of both internal and external management. The unit will seek to lower CalSTRS overall portfolio volatility and positively capture long‑term changes in inflation.

Responsibilities

Under the general direction of the Director of Inflation Sensitive, the Portfolio Manager – Infrastructure will be responsible for managing the development and implementation of various investment program strategies and monitoring a designated portion of the Infrastructure/Inflation Sensitive portfolio. The PM will participate and lead others in transaction underwriting and function as a subject matter expert in portfolio management for infrastructure investments. The PM plays a significant role in recommending, developing, and implementing new and innovative investment policies and strategies and is expected to make significant contributions to the overall investment program decision making.

Qualifications

• Experience with infrastructure and alternative investments
• Experience preparing investment recommendations and making formal presentations both written and verbal
• Strong leadership and teamwork skills
• Ability to effectively analyze information to reach supportable conclusions
• Experience prioritizing and ensuring deadlines are met
• Ability to research and analyze complex issues with strong attention to detail
• Ability to work independently
• Ability to take the initiative
• Possession of a degree in business, finance, economics or other closely related field
• Possession of CFA, CAIA or similar professional certification
• Professional certifications (CFA, CCIM, FRM, CIMA, CAIA) may receive a 5% monthly base pay differential, only one differential eligible.

Relocation benefits may be available.

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.

Seniority level

Mid‑Senior level

Employment type

• Full‑time

Job function

• Management
• Strategy/Planning
• Finance

Industries

• Government Administration
• Investment Management
• Investment Advice