Investment Officer II

Transfer | Location: Civic Center

contact information

Jennifer Barnych
213-279-3092
lafpphr@lafpp.com

job description

Los Angeles Fire and Police Pensions (LAFPP) has one (1) Investment Officer II position available for transfer/paygrade advancement.  The Investment Officer II is responsible for the administration and implementation of the management of the LAFPP Plan Investment Program, and any staff assigned thereto.  An Investment Officer II is immediately responsible for the investment staff oversight and administration of all projects including asset allocation, risk management and asset classes such as:  Fixed Income, Domestic or International Equities; Private Equity; Real Assets including Private Real Estate; Credit Opportunities and Commodities; Hedge Funds.  The Investment Officer II will be responsible for the coordination, preparation and review of staff reports for quality and completeness and will perform other duties related to the overall management of the division.  Reports directly to the Investment Officer III.

Duties of this position may include, but are not limited to the following:

·     Assists with the management of the asset portfolio and recommends investment philosophies, policies and strategies to optimize or maximize risk-adjusted returns, manage and reduce risk, monitor cash flows to ensure sufficient liquidity, reduce costs and recommend investment-related strategic goals

·    Assists with the oversight and monitoring of the asset allocation procedures to accomplish fund financial objectives

·     Assists with the recommendation and negotiation of contracts and amendments for contracts of investment management firms and consultants, including evaluating and negotiating costs, compensation structure, content of requests of proposals, and selections of investment management firms for possible contracting

·      Assists with monitoring the performance of all asset class investment managers to benchmarks and peer group, and reports on any exceptional events

·    Assists in monitoring the capital markets and economic forecasts and provides reports with on-going analysis of global economic conditions as it relates to the investment portfolio.

·    Assists with the preparation of reports related to fund transactions and special requests

·     Assists in presenting information regarding private credit and other investment-related issues

·       Assists in the execution of buy/sell decisions based on a thorough understanding of the capital markets, public markets, private markets, interest rate, credit, and other capital market factors

·   Reviews, summarizes, and presents private market manager’s quarterly and annual fund reports.

 

Candidates with the following education and experience are preferred:

Degree in Finance, Economics, or Mathematics, MBA, CFA and/or CAIA preferred.  Direct private market (Private Credit) portfolio construction, portfolio management and risk management experience preferred.  Four years of experience in institutional pension investing with knowledge of basic concepts and practical application of private market assets and management; asset allocation, portfolio rebalancing, domestic and non-US equity, fixed income markets, credit opportunities, private equity, real assets including private real estate, and other alternative asset investment strategies or trading at the level of Investment Officer II, is highly desirable.

The work location is 701 E. 3rd Street, Suite 200, Los Angeles, CA 90013. A 9/80 or 5/40 work schedule and a tuition reimbursement program are available.

How to apply

Interested candidates should submit a completed Departmental application, resume, and two (2) most recent performance evaluations (if available) via email to lafpphr@lafpp.com no later than 4:00 pm on Friday, July 8, 2022. LAFPP reserves the right to close the application period at any time without prior notice.

Submitted material will be reviewed to determine a reasonable number of candidates with the most relevant background and experience to interview. Candidates selected for an interview will be contacted by LAFPP staff at a later date.