• Job Description

  Req#: 3888378
  THIS ANNOUNCEMENT IS A REBULLETIN TO CONTINUE THE FILING FOR THIS EXAMINATION THAT WAS SUSPENDED ON MAY 01, 2023, AND UPDATE INFORMATION IN THE FOLLOWING SECTION: VACANCY INFORMATION.
  
  PERSONS WHO PREVIOUSLY APPLIED AND WHOSE APPLICATIONS WERE ACCEPTED NEED NOT REAPPLY, BUT MAY SUBMIT ANY UPDATED INFORMATION OR ADDITIONAL INFORMATION IF THEY WISH VIA EMAIL TO snorton@lacera.com THE INFORMATION MUST INCLUDE THE CORRECT EXAMINATION TITLE AND NUMBER. INDIVIDUALS WHOSE APPLICATIONS WERE NOT ACCEPTED DUE TO INCOMPLETE INFORMATION MAY REAPPLY FOR THIS EXAMINATION.
  
  This examination will remain open until a sufficient number of qualified applicants are received and may be suspended at any time.
  
  TYPE OF RECRUITMENT: Open Competitive Job Opportunity

  
  

  EXAMINATION INFORMATION: Examination Number: 9-0768-X Job Bulletin Number: 23-02

  
  Annual Salary: $135,700.80 - $205,393.68
  Placement within this salary range depends on qualifications.
  
  The Los Angeles County Employees Retirement Association (LACERA) administers and manages the $75 billion retirement fund for the County of Los Angeles. We provide retirement, disability, and death benefits to eligible County employees and their beneficiaries, and collect, deposit, invest, and manage retirement funds collected from the County, outside districts, and County employees. LACERA is the largest county retirement association in the United States with over 184,000 members. Our membership is comprised of individuals from a diverse range of careers, age groups, and ethnicities.
  
  Headquartered in the beautiful City of Pasadena, home of the Tournament of Roses Parade and Annual Rose Bowl Football Game, the City has a little something for everyone; historic museums, five-star restaurants and hotels, top retailers, theaters, art, science, dance, nature, music, and a whole lot more!
  
  Benefits include health insurance, annual leave, sick leave, retirement, paid holidays, and a rideshare program.
  
  LACERA Values: We work together toward achieving our Mission through our shared Values.
  
  Our Values include Professionalism, Respect, Open Communication, Fairness, Integrity, and Teamwork.
  
  ABOUT THE POSITION: The Investments Division is comprised of the following teams: Public Equities, Private Equity, Real Assets (Infrastructure, Natural Resources, Commodities), Real Estate, Fixed Income, Hedge Funds, Illiquid Credit, Direct Investments (Private Markets), Portfolio Analytics (Risk Management) and Environmental, Social and Governance (Stewardship).
  
  The Finance Analyst II, LACERA will actively participate in the management of one of the Los Angeles County Employees Retirement Association (LACERA) primary asset classes, cross-asset category initiatives such as Risk Management, asset allocation, performance reporting, and/or corporate governance and stewardship.
  
  The Finance Analyst II, LACERA will work under the administrative and technical direction of a Finance Analyst III, LACERA, and/or a Senior Investment Officer, LACERA who has immediate responsibility for the planning and monitoring of a primary asset class, broad equity or fixed income classifications, real estate, or alternative asset investment vehicles, or geographically focused portfolios. These positions may also be responsible for administering cross-asset category initiatives such as risk management, asset allocation, performance reporting, and/or corporate governance and stewardship. Depending upon the asset class or category to which the incumbent is assigned, the work involves supporting all aspects of pension fund investment management including investment program structure, implementation, operations, and monitoring. This includes supporting the preparation of recommendations regarding investment policy, negotiating contracts for investment managers and other investment-related services, and implementing Board approved plans. In addition to entailing higher level work, the positions in this classification are distinguished from the Finance Analyst I, LACERA position by their ability to function independently of immediate supervision and by their involvement in more complex assignments such as evaluating RFP responses and performing comprehensive analysis across the investment program.
  
  Vacancy Information: The current vacancy is in Credit and Risk Mitigation. The resulting eligible register can be used to fill both current and future vacancies throughout the Investments Division.
  
  Work Schedule: This full-time position is required to work a 5/40 schedule (e.g. an eight (8) hour day, Monday through Friday).
  
  CERTIFICATION BONUS: Any permanent, full-time employee working in this classification possessing a valid Chartered Financial Analyst (CFA) certification from the CFA Institute is entitled to a Certification Bonus equal to two (2) salary schedules (approximately 5.5%) as provided by the Los Angeles County Step Pay Plan.
  
  Benefits: LACERA offers a comprehensive benefits package that includes medical and dental coverage, 401k Plan, 457 Plan, defined benefits pension plan, retirement healthcare benefits, tuition reimbursement program, paid holidays, and annual leave. The following examples are intended to describe the general nature and level of work performed by persons assigned to each classification. Depending on the assignment, duties may include, but are not limited to the following:
  
  Supports the development and implementation of all aspects of pension fund investment management including investment program structure, implementation, and monitoring in accordance with the goals and guidelines established by the Board of Investments.
  
  Aids the development and recommends, under the direction of the Finance Analyst III, LACERA, Senior Investment Officer, LACERA, Principal Investment Officer, LACERA, and the Chief Investment Officer, to the Board of Investments, policies, portfolio investment structures, and strategies for designated asset classes or cross-asset categories.
  
  Supports the implementation of investment policies and strategies within the assigned asset class(es) or across multiple ones under the direction of the Finance Analyst III, LACERA, Senior Investment Officer, LACERA, Principal Investment Officer, LACERA, and the Chief Investment Officer.
  
  Monitors outside asset managers for contract compliance, investment performance, portfolio management strategy, and conformance with fiduciary standards.
  
  Assists in the selection and recommendation of investment managers for approval by the Board of Investments.
  
  Oversees the operations of specialized applications such as securities lending programs, overlays and hedges, and/or LACERA's Member Home Loan Program.
  
  Votes or votes by proxy on matters of corporate governance at annual and special meetings of corporations in which LACERA holds an equitable interest in conformance with the Board of Investments’ stated policies; assists in developing the analyses and recommendations for changes to such policy as new issues appear in corporate governance.
  
  Assists with the administration of asset categories, functional groups, and all of their responsibilities.
  
  Maintains reporting mechanisms to properly inform the Finance Analyst III, LACERA, Senior Investment Officer, LACERA, the Principal Investment Officer, LACERA, the Chief Investment Officer, and the Board of Investments as to the status of the asset class or cross-asset categories.

  Maintains and develops operational procedures to ensure the smooth operational function of business operations.

  
  MINIMUM REQUIREMENTS:
  
  

  A Bachelor's degree from an accredited college or university in Finance, Economics, Business Administration or a related field -AND- Two (2) years' responsible investment management experience assisting in the continuing supervision and review of an extensive investment program for a large financial institution or governmental agency. An additional two (2) years of the required experience may be substituted for a college degree.

  -OR-
  

  A Master's degree in Business Administration or related field.
  
  

  -OR-
  
  

  Two (2) years' experience at the level of Los Angeles County's position of Finance Analyst I, LACERA.
  
  
  LICENSE: A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions. DESIRABLE QUALIFICATIONS:
  

  • Demonstrated experience or education regarding researching, analyzing, or monitoring financial information, service provider proposals, or investment merits and concerns to be used in a collaborative decision-making process.
  • Demonstrated experience interfacing and collaborating with multiple colleagues, consultants, investment managers, and stakeholders throughout a multi-staged project that may involve financial data, market research, or investment diligence.
  • Demonstrated experience analyzing or organizing information with Excel, and other software for topics that may include maintaining large tables of information, determining key financial measures, reconciling financial data, summarizing diligence details, or preparing visually effective presentations to inform a decision-making process or management team.
  • Demonstrated experience summarizing analysis, writing recommendations or reports and making presentations to a decision-making body such as Board, Committee, or Executive Team based off said analysis.
  • Exemplify elements in personal or professional preparedness to be well-suited and successful for a position that requires contributions from both individual analysis as well as project-oriented and team-based approaches.
  • Investment industry certification such as Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), Financial Risk Manager (FRM) or advanced degree in investment-related field.

  Knowledge of: Performing due diligence on prospective investments; evaluating financially-relevant Environmental, Social, and Governance investment risks and opportunities; working with service providers such as legal counsel, custody banks, administrators, risk and performance systems, and investment consultants; performance calculation methods, attribution analysis, and reporting standards; correct English usage, grammar, spelling, punctuation and vocabulary; interpersonal skills using tact, patience, and courtesy; customer service skills; Microsoft Office Applications including Excel, Word, and PowerPoint.
  
  Ability to: Communicate clearly and effectively, orally and in writing, present recommendations to internal review groups and LACERA Board; maintain effective working relationships with investment managers, investment consultants, other external advisors, and LACERA staff; ability to analyze, synthesize, and present complex information and data in comprehendible, actionable reports and recommendations; understand and follow oral and written directions; provide leadership; have a high degree of intellectual curiosity, especially towards investment markets and portfolio construction; work with minimum supervision; take pride in work product and is committed to improving outcomes by being a solution-oriented and collaborative teammate; organize their work and the work of others; and operate a personal computer utilizing Microsoft applications such as Word, Excel, and PowerPoint.
  
  EXAMINATION CONTENT: This examination process will consist of:
  An Evaluation of Training and Experience weighted 100%.
  
  Candidates who are determined eligible for hire under the Los Angeles County's Civil Services Rules may be invited to the selection process which may be comprised of a selection interview and/or job-related assessments.
  
  CANDIDATES MUST MEET THE MINIMUM REQUIREMENTS AND MUST ACHIEVE A PASSING SCORE OF 70 OR HIGHER ON THE WEIGHTED PORTION OF THE EXAMINATION IN ORDER TO BE PLACED ON THE ELIGIBLE REGISTER.
  
  Passing this examination and being placed on the eligible register does not guarantee an offer of employment.
  
  EXAMINATION NOTIFICATIONS: All test invitations (e.g. oral, performance, written, etc.) and/or special notices will be sent to candidates via email to the email address provided on the official application only. Ensure your email address is correct at the time of filing. Allegations of not receiving the email notification to the email address provided on the official application will not be considered an acceptable reason to authorize an early or late examination administration.
  
  For the foreseeable future, all notices including invitation letters, results letters and notices of non-acceptance will be sent electronically to the email address provided on the application. It is important that applicants provide a valid email address.
  
  Please add snorton@lacera.com a nd info@governmentjobs.com to your email address book and to the list of approved senders to prevent email notifications from being filtered as SPAM/JUNK mail. Please note, if you opt out of receiving emails, you can visit governmentjobs.com, log into your profile and check your inbox. The inbox retains a copy of all emails sent, for your records.

  DO NOT select "Off" under Email Preferences within your profile or click "Unsubscribe" on our notices if you would like LACERA to notify you regarding your application status, test schedules, and other important information pertaining to your candidacy for this position. LACERA will not consider allegations of not receiving the email notification as an acceptable reason to authorize a reschedule or late exam administration.

  ELIGIBLE INFORMATION: The names of candidates receiving a passing grade will be placed on the eligible register in the order of their score group for a period of twelve (12) months following the date of promulgation.

  APPLICATION AND FILING INFORMATION:

  Application must be submitted online. Applicants can check the status of their applications at anytime by logging into their account on www.governmentjobs.com.

  The acceptance of an employment application depends upon whether or not an applicant has provided adequate information that clearly demonstrates meeting the Minimum Requirements for the position as stated above. Please complete the application and supplemental questionnaire thoroughly and completely. Information provided in the supplemental questionnaire must be reflected in the application to be considered.

  Failure to provide complete information on the employment application and on the supplemental questionnaire will impact the assessment of an applicant's qualifications and acceptance in the selection process.

  Applications submitted without the complete work history and the supplemental questions completed in their entirety will be rejected as incomplete. "See application" or "See resume" or copy and paste of work experience is not sufficient or qualifying responses.

  Resumes will not be accepted in lieu of the completed application or supplemental questionnaire.

  In the space provided for education, include the names and addresses of schools attended, and number of credits, degree, and/or certificate(s) earned.

  In order to receive credit for any college course work, or college degree, such as an Associate, Bachelor, Master, Doctorate degree, or for completion of a certificate program, you must include a legible copy of the official diploma, official and/or unofficial transcripts, or an official letter from the accredited institution which shows the area of specialization or official certificate(s) at the time of filing or within ten (10) business days from application submission date.

  Applicants must provide the appropriate attachments during application submission, email the documentation to humanresources@lacera.com, or fax a photocopy of the required documents to (626) 564-6699 within ten (10) business days of filing. Please include the examination title and number on the documentation.

  Failure to provide the appropriate documentation may result in your application being rejected as incomplete and will be removed from consideration.

  Your employment history should be listed in order beginning with the most recent.

  For each job held, provide the name and address of your employer, your job titles, beginning and ending dates, description of work performed, salary earned, and reason for leaving.

  If you have worked in more than one position for one employer, list each job title and/or area of assignment separately on the application to demonstrate your experience in various assignments/occupational areas.

  Part-time experience will be evaluated on the basis of its fractional equivalent of a 40-hour workweek.

  All required experience must be paid.

  This position may require working evenings, weekends, and holidays.

  TO APPLY ONLINE GO TO: www.lacera.com and click on the Careers link.

  Faxed, emailed, or hardcopy (paper) applications will not be accepted.

  COMPUTER AND INTERNET ACCESS AT PUBLIC LIBRARIES: For candidates who may not have regular access to a computer or the internet, applications can be completed on computers at public libraries throughout Los Angeles County.

  Candidate(s) who complete the examination process with acceptable results will be considered by the Department hiring authority. Upon an offer of employment, a comprehensive background investigation will be conducted, which includes verification of experience, and/or education, credit history, and fingerprinting through the California Department of Justice and the Federal Bureau of Investigation.

  BACKGROUND CHECK: Except for a very limited number of positions, Candidates will not be asked to provide information about conviction history until they receive a contingent offer of employment. LACERA will make an individualized assessment of whether or not a Candidates' Conviction History has a direct or adverse relationship with the specific duties of the job, and consider potential mitigating factors, including but not limited to; evidence and extent of rehabilitation, recency of the offense(s), and age at the time of the offense(s). If asked to provide information about conviction history, any convictions or court records which are exempted by a valid court order do not have to be disclosed.

  IMPORTANT NOTE:
  Please note that ALL information included in the application materials is subject to VERIFICATION at any point during the examination and hiring process, including after an appointment has been made. FALSIFICATION of any information may result in DISQUALIFICATION or RESCISSION OF APPOINTMENT.
  
  Utilizing VERBIAGE from the Classification Specification, Minimum Requirements, and/or Desirable Qualifications serving as your description of duties WILL NOT be sufficient to demonstrate that you meet the requirements. Doing so may result in an INCOMPLETE APPLICATION and you may be DISQUALIFIED . Applications may be rejected at any stage of the examination process.

  If you have a disability and need an accommodation, please contact our ADA Coordinator. The sooner you contact us, the sooner we can respond without any time loss for you on the recruitment.

  Requests for accommodation: humanresources@lacera.com
  Teletype Telephone: (800) 899-4099
  Department Contact Name: Sharon Norton
  Department Email: humanresources@lacera.com

• About the company

  LACERA is an independent governmental entity that administers and manages the retirement fund for the County of Los Angeles and outside districts. We are the largest county retirement system in the United States.

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