Investment Officer

Description:

The San Francisco Employees’ Retirement System ("SFERS") offers an exceptional opportunity for the right candidates to serve this historic, well-established City Department by engaging in interesting and rewarding mission-critical work. Established in 1889 as a fund for families and orphans of firefighters and police officers, today the San Francisco Employees’ Retirement System serves more than 75,000 active, vested, and retired employees of the City and County of San Francisco and their survivors

The San Francisco Employees’ Retirement System is dedicated to securing, protecting, and prudently investing the pension trust assets, administering mandated benefits programs, and providing promised benefits to the active and retired members of the City and County of San Francisco.

Reporting directly to the Assistant Portfolio Manager and Director of Private Equity, the Investment Officer is responsible for assisting in the daily management of SFERS’ Private Equity portfolio, with a focus on venture capital and growth equity strategies. The Investment Officer will be part of the six-person Private Equity team, which works collaboratively across various private equity strategies. The incumbent is responsible for supporting sourcing, due diligence, and monitoring activities within the portfolio and has full ownership of all administrative tasks related to the portfolio.

The essential functions of this position include, but are not limited to:

• Assist in the due diligence of existing and potential external investment managers
• Assist in the monitoring of an external manager’s investment performance and the factors affecting performance
• Assist in writing detailed investment recommendations and reports for review to and approval from senior staff
• Assist in reviewing and evaluating key partnership terms and documents. Assist in the due diligence on a manager’s offering memorandum, subscription documents, and other materials related to an existing or prospective investment
• Manage the internal process for monitoring existing and potential investments, including reviewing marketing materials, taking meeting notes, reviewing quarterly reports, and administering capital calls and distributions
• Prepare screening memos and detailed investment memoranda that discuss the merits and considerations of the most compelling investment opportunities
• Organize and maintain subscription documents, offering memorandums, transactions, and other investment documents
• Take direction from senior investment staff and complete assigned tasks accurately and on time
• Responsible for maintaining distributions from external managers, furnishing capital calls to external managers, and other functions related to managing the relationship with external managers
• Responsible for representing SFERS with distinction and class to external managers and other stakeholders