Portfolio Manager - Infrastructure

Calstrs; West Sacramento (CA); On-site; USD 140,000 - 210,000; Full time

Benefits offered by this job

Relocation assistance

Job summary

CalSTRS in California invites an experienced Portfolio Manager to lead the Infrastructure portion of the Inflation Sensitive portfolio. You will develop and implement investment strategies across infrastructure and related assets, spanning private and public exposures.

This role requires strong leadership, the ability to present clear investment recommendations, and oversight of risk while driving yield and inflation protection.

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 and take initiative
• Possession of a degree in business, finance, economics or other closely related field
• Possession of CFA, CAIA or similar professional certification

Responsibilities

• Develop and implement investment program strategies for infrastructure and inflation-sensitive portfolios.
• Monitor a designated portion of the Infrastructure/Inflation Sensitive portfolio.
• Lead transaction underwriting and portfolio management activities.
• Recommend, develop, and implement new investment policies and strategies.
• Contribute to overall investment program decision making.

Skills

Infrastructure investments

Alternative investments

Investment recommendations

Leadership & teamwork

Deadline prioritization

Analytical skills

Research complex issues

Initiative

CFA/CAIA certification

Education

Bachelor's degree in business, finance, economics or related field

CFA/CAIA or similar professional certification

Job description

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 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.

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 Portfolio Manager will participate and lead others in transaction underwriting and function as a subject matter expert in portfolio management for infrastructure investments. The Portfolio Manager 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.

The ideal candidate will possess the following skills:

• 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 and take initiative
• Possession of a degree in business, finance, economics or other closely related field
• Possession of CFA, CAIA or similar professional certification

An incumbent who possesses a professional certification in one of the following designations: Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or Chartered Alternative Investment Analyst (CAIA) may receive a 5% monthly base paydifferential. Only one 5% base pay differential is eligible regardless of the number of certifications.

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

Relocation benefits may be available.

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