Job Description

Position Summary

The City of Philadelphia Board of Pensions and Retirement, with assets of approximately $8 billion, is seeking an Investment Officer II. An Investment Officer II is a mid-level analyst position performing financial analysis in public and private markets. The Investment Officer II will report directly to the Deputy Chief Investment Officer and work closely with a nine-member Board of Trustees.

Duties and Responsibilities

Portfolio structuring within the assigned asset class(es). This includes, but is not limited to

• Recommending appropriate strategies within the asset class(es)

• Asset classes to include public equities, fixed income, private equity, real estate, and infrastructure

• Recommending the appropriate number of investments per annum to reach the Board’s target allocation

• Recommending appropriate commitments for each manager

• Drafting requests for proposals ("RFPs) where required

• Monitoring market, industry and asset class trends

Evaluating and recommending managers within the assigned asset class(es). This includes, but is not limited to:

• Determining the need to augment existing exposures to specific strategies and making recommendations to the Chief Investment Officer
• Sourcing top-tiered managers
• Conducting meetings and performing due diligence on identified managers
• Recommending selections to the Chief Investment Officer

Responsible for monitoring the investment managers within the assigned asset class(es). This includes, but is not limited to:

• Reviewing manager and aggregate portfolio performance
• Preparing quarterly portfolio reports
• Meeting with investment managers not less than annually and drafting meeting reports
• Participation in Annual, Advisory Board and Valuation Committee meetings as applicable

Additional duties may include (but are not limited to):

● Assist with data reconciliation, operations and other key “back-office” functions

Competencies, Knowledge, Skills and Abilities

• Demonstrated ability to evaluate, select, or recommend investment managers or investment vehicles within several asset classes . This may also include the Board’s Deferred Compensation (457b) plan.
• Knowledge of public & private market and relevant industry sector trends
• Strong knowledge of finance, economics and general business
• Strong financial acumen
• Strong interpersonal skills and ability to interact with senior management, senior government officials, and other stakeholders
• Ability to accurately scope out length and difficult tasks and projects; sets objectives and goals; measures performance against goals; evaluates results
• Ability to uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis
• Ability to handle increasingly complex tasks over time

Qualifications

• Completion of a Bachelor’s degree program from an accredited college or university with major coursework in business administration, finance, economics, or a closely related field; AND
• Prior experience in a financial institution, large corporation, governmental agency, consulting firm, or similar organization, which has included the evaluation, selection, or recommendation of investment managers or investment vehicles within some or all of the asset classes listed above.

Preferred Education and Experience

• Completion of a Master’s degree program from an accredited college or university with major coursework in business administration and/or designation as a Chartered Financial Analyst or a Chartered Alternative Investment Analyst is a plus.
• Experience in private asset classes (real estate, private equity, infrastructure, etc.)

Additional Information

TO APPLY: Interested candidates must submit a cover letter, resume, and references.

Salary Range: $67,500- $85,000

Discover the Perks of Being a City of Philadelphia Employee:

• Transportation : City employees get unlimited FREE public transportation all year long through SEPTA’s Key Advantage program. Employees can ride on SEPTA buses, subways, trolleys, and regional rail for their daily commute and more.
• Parental Benefits: The City offers its employees 8 weeks of paid parental leave.
• We offer Comprehensive health coverage for employees and their eligible dependents.
• Our wellness program offers eligibility into the discounted medical plan
• Employees receive paid vacation, sick leave, and holidays
• Generous retirement savings options are available
• Pay off your student loans faster - As a qualifying employer, City of Philadelphia employees are eligible to participate in the Public Service Loan Forgiveness program. Join the ranks of hundreds of employees who have already benefited from this program and achieved student loan forgiveness.
• Unlock Tuition Discounts and Scholarships - The City of Philadelphia has forged partnerships with over a dozen esteemed colleges and universities in the area, ensuring that our employees have access to a wide range of tuition discounts and scholarships. Experience savings of 10% to 40% on your educational expenses, extending not only to City employees but in some cases, spouse and dependents too!

Join the City of Philadelphia team today and seize these incredible benefits designed to enhance your financial well-being and personal growth!

_ *The successful candidate must be a city of Philadelphia resident within six months of hire_

Effective May 22, 2023, vaccinations are no longer required for new employees that work in non-medical, non-emergency or patient facing positions with the City of Philadelphia. As a result, only employees in positions providing services that are patient-facing medical care (ex: Nurses, doctors, emergency medical personnel), must be fully vaccinated.

The City of Philadelphia is an Equal Opportunity employer and does not permit discrimination based on race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, source of income, familial status, genetic information or domestic or sexual violence victim status. If you believe you were discriminated against, call the Philadelphia Commission on Human Relations at 215-686-4670 or send an email to faqpchr@phila.gov.

For more information, go to: Human Relations Website: http://www.phila.gov/humanrelations/Pages/default.aspx