About the Position
Team Leader: Deputy Chief Investment Officer
Classification: LAGERS expects the professional to work on a part-time basis averaging 15 - 20 hours a week during the school year and 20-40 hours a week during the summer months
Salary Range: $12-15 per hour
Under the supervision and direction of the Deputy Chief Investment Officer, the Investment Intern will be responsible for assisting in the implementation and monitoring of investment policies and objectives stated within the Statement of Investment Policies & Objectives. In addition to these broad portfolio management responsibilities, the Investment Intern is responsible for assisting in the monitoring and analysis of the activities of LAGERS’ investment managers and portfolio assets. The Investment Intern’s main objective will be to assist the Investment Team with regular day to day operations.
This list is neither all-inclusive nor restrictive. Management reserves the right to further define duties based on operational needs.
- Help administer and implement the investment program of LAGERS in accordance with the System's Statement of Investment Policy & Objectives and support the Trustees in all aspects of LAGERS’ investment process.
- Help maintain and update the private investment manager database, eFront. Learn and understand how private managers, such as private equity, are utilized and the underlying components involved in tracking such managers.
- Help to maintain and reconcile the investment accounting databases and spreadsheets.
- Assist in the development of processes and criteria to be used in professional investment firm searches. This may involve setting up interviews with potential investment managers, creation of a request for information (RFI), quantitative and qualitative analysis, preparation of report for Board of Trustees.
- Monitor various activities with external firm(s) providing custodial or other investment services to LAGERS such as custody of securities, cash management, brokerage services, derivatives management and securities lending.
- Perform other investment-related and operational duties as assigned.
Education and Experience Requirements
- Applicants majoring in business, finance, management, accounting, economics, or law major with interest in contract law and investments is required.
- Expected coursework in economic theory, investments, contract law or a closely-related area is strongly preferred. Applicant must be enrolled in an accredited university. Preference may be given to candidates who have at least two school years left, of which can include graduate school.
- Knowledge seeker of the principles of investment, finance, economics and portfolio theory, particularly as they pertain to the operation of a public pension fund.
- Knowledge seeker of accounting, actuarial, and pension principles and practices.
- Ability to incorporate LAGERS’ and the Investment Team’s values into the daily work environment.
- Ability to maintain harmonious working relationships with co-workers, external investment managers and advisors, and to work open-mindedly and effectively in a professional team environment.
- Keen attention to detail and superior organizational skills.
Equipment and Physical Demands
Personal computer, including word processing and spreadsheet software; desktop publishing software and various types of portfolio analysis software.
Resumes will be accepted until the position is filled. Target start date is June 1, 2021 and can be sooner depending on the date the applicant and Deputy CIO agree upon.