Associate Investment Officer

Salary : $136,510.40 - $202,862.40 Annually Location : SBCERA, 348 W. Hospitality Lane, Third Floor, San Bernardino, CAJob Type: Full-TimeJob Number: 2025-00007Department: Investment ServicesOpening Date: 11/17/2025Closing Date: ContinuousFLSA: ExemptBargaining Unit: MGMTTHE POSITIONTHE IDEAL CANDIDATE FOR THIS NEWLY CREATED POSITIONSBCERA is excited to announce that we are hiring two (2) Associate Investment Officers to support our Senior Investment Officers. The ideal Associate Investment Officer at SBCERA will be intellectually curious, analytically sharp, and deeply motivated to understand investments at a fundamental level. We're not looking for someone who simply tracks performance or echoes consensus views-we're looking for someone who asks smart questions, challenges assumptions, and actively seeks to understand what drives markets, strategies, and outcomes. This role is for someone who approaches investing not just as a job, but as a craft-someone who's excited to learn, rigorous in their thinking, and eager to contribute to a collaborative, high-performance investment team. Strategic insight, independent thinking, and a genuine interest in value creation are essential.This position includes the potential to earn up to a 12 percent incentive compensation bonus.THE RECRUITMENT PROCESSCandidates are expected to complete the full application including all relevant work experience, education, credentials/professional designations and/or progress toward credentials/professional designations. This position will remain open until a sufficient number of qualified applicants has been received. We will begin reviewing applications on December 19, 2025 at which time we will begin phone interviewsfor those candidates most closely meeting the needs of SBCERA.DEFINITIONUnder general supervision, the Associate Investment Officer supports SBCERA's investment program by conducting research, monitoring investments, preparing reports, and making recommendations. The role supports the investment team in managing the investment portfolio and ensuring compliance with investment policies and objectives.DISTINGUISHING CHARACTERISTICSThe Associate Investment Officer is the first level in SBCERA's investment professional series. This position reports to a Senior Investment Officer and assists with research, analysis, monitoring, reporting, and other functions as needed within the investment division. The role is designed to prepare incumbents for progression to the Investment Officer classification through the development of investment analysis, reporting, portfolio management, and communication skills.SBCERA CORE VALUES IN ACTIONEvery employee is expected to model SBCERA's core values by acting with integrity, embracing accountability, collaborating across teams, and striving for professional excellence in service to our 50,000+ members and beneficiaries.EXAMPLES OF DUTIESExamples of job duties include, but are not limited to:Assist in analyzing global economic and financial markets, as well as pension fund investment management trends and new product developments.Support the implementation of investment program objectives and guidelines.Monitor and analyze cash flows and portfolio liquidity to meet expenditure requirements while maintaining the asset allocation plan.Assist in research and due diligence on existing and prospective investments, including quantitative and qualitative analysis.Assist in monitoring investment performance and evaluating portfolio and manager performance.Prepare special analyses, investment performance reports, and presentations for internal use, Board and Committee meetings, and external stakeholders.Support compliance monitoring and ensure adherence to Board-approved investment policies and guidelines.Participate in investment due diligence meetings with investment managers, consultants, and service providers.Maintain accurate records, investment documentation, and reporting systems.Develop deep proficiency with data, performance and portfolio tools used to manage the portfolio.Collaborate with other investment staff and SBCERA departments to support organizational goals.Perform other related duties as assigned.MINIMUM QUALIFICATIONSTo perform this job successfully, an individual must be able to perform each essential function above. The requirements listed below are representative of the knowledge, skill, and/or ability required.Knowledge of:SBCERA's mission, strategic pillars, and core values of Integrity, Accountability & Transparency, Commitment, Effectiveness, Professional Excellence, and Collaboration.Principles and practices of investment analysis, portfolio management, and financial markets.Basic understanding of asset allocation, investment products, and risk management concepts.Techniques and methods for quantitative and qualitative analysis of investments.Principles of investment performance measurement and reporting. Skill to: Apply SBCERA's core values of Integrity, Accountability & Transparency, Commitment, Effectiveness, Professional Excellence, and Collaboration to their daily work assignments.Use sound analytical judgment to evaluate complex investment data and market trends.Communicate persuasively with internal and external stakeholders through written reports, presentations, and verbal briefings.Interpret and apply investment guidelines, policies, and industry standards.Organize and prioritize work to meet competing deadlines in a dynamic, fast-paced environment.Use financial modeling tools, spreadsheets, databases, and performance analytics systems with precision.Demonstrate adaptability and initiative in learning new investment concepts, tools, and strategies. Ability to:Model SBCERA's core values of Integrity, Accountability & Transparency, Commitment, Effectiveness, Professional Excellence, and Collaboration.Conduct research, analyze data, and make reasoned investment recommendations.Communicate clearly and effectively, both orally and in writing.Prepare reports, presentations, and analyses for diverse audiences.Work independently and collaboratively in a fast-paced, team-oriented environment.Use financial software, databases, spreadsheets, and reporting tools.Establish and maintain effective working relationships with colleagues, external service providers, and stakeholders.Travel as necessary for meetings, due diligence, and conferences. Education, Experience and License/Certificates A combination of education, experience and license/certificate that would likely provide the required knowledge, skills and abilities may be qualifying. A typical way to obtain the knowledge, skills and abilities would be:Education: A bachelor's degree in finance, economics, mathematics, accounting, business administration (with an emphasis in investments, economics, or related fields), or a closely related field.Experience: At least three (3) years of professional investment experience with multi-asset portfolios in a public agency or financial institution involving investment analysis.Desired Designations: Progress toward or having obtained a Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), or Financial Risk Manager (FRM) designation is desirable but not required.Licenses and Certificates: A valid California Class C driver's license may be required.Special Requirements: Willingness to travel as necessary for meetings, due diligence, and conferences. PHYSICAL REQUIREMENTSWork is primarily performed in an office environment. Some travel to investment managers, consultants, and conferences may be required.WORKING CONDITIONSThis position requires occasional travel and the ability to work beyond standard office hours as needed to meet deadlines and organizational needs.SUPPLEMENTAL INFORMATIONApplications must include a resume and cover letter. The information you provide will be used to verify and evaluate your job qualifications. Failure to submit the required materials and/or to provide information that clearly demonstrates possession of the above job qualifications will result in disqualification.There will be a competitive evaluation of qualifications based on a review of all application materials submitted. Applicants must clearly describe their experience in the areas designated. Those who demonstrate exceptional qualifications in the competitive evaluation will be invited to continue in the selection process which may include written and/or performance examinations, oral interviews and/or other related evaluation methods.Prior to employment, the prospective candidate must successfully complete a thorough background review, including being fingerprinted, as well as a medical examination, which will include a drug/alcohol screening. The resulting report of your conviction history, (if any), will be evaluated along with the other information received in connection with your application. Except as otherwise required by law, a criminal conviction will not necessarily disqualify you from the position. The nature, date, surrounding circumstances, and the relevance of the offense to the position applied for may, however, be considered.This position is "at will" and serves at the pleasure of the Chief Executive Officer.Hybrid/Telework and Flexible Work Schedule: This position may be eligible for a hybrid working schedule with 3 days in the office and 2 days working remotely. SBCERA offers a flexible 9/80 work schedule where employees work 9 hours each day with the exception of either Monday or Friday where they work 8 hours one week and are off the following week.SBCERA offers a generous benefits package including:MedicalEmployee Only - 100 % SBCERA paidEmployee +1 - 75% of the difference between employee-only and employee +1 coverageEmployee + Family - 75% of the difference between employee-only and employee + family coverageDental - SBCERA paid for employee and dependentsVision - SBCERA paid for employee and dependentsLife Insurance & Accidental Death & Dismemberment - $100,000 SBCERA paidAdministrative Leave - 80 hours/yearVacation Leave - 80 - 160 hours/year.Holiday Leave - 14 days + 1 Floating holiday/yearSick Leave - 3.69 hours/pay periodBereavement Leave - up to 5 days, with 3 days paidTuition Reimbursement - up to $5,000 per fiscal year after 1 year of service.Long-Term Disability (LTD) - SBCERA paidShort Term Disability (STD) - SBCERA paidFlexible Spending Account (FSA) - up to a $40.00/biweekly SBCERA match.Dependent Care Assistance Plan (DCAP)Colonial Life Voluntary BenefitsUnited Pet CareAnnual Gym Membership Reimbursement up to $324529 Education Savings Plan - Scholar ShareEmployee Assistance Program (EAP)Retirement - Participation in SBCERA's pension planDeferred Compensation457(b) Plan: Biweekly employer match equal to 1 times the employee's contribution up to 1% of the employee's biweekly base salary upon hire.401(k) Plan: Biweekly employer match 2 times the employee contribution, up to 8% of the employee's biweekly base salary upon hire. SBCERA takes pride in offering a generous benefit package. Please check out a more detailed outline of our benefit packages linked here.01Please select the highest level of education you have completed:High School Diploma or GEDSome college or Certificate(s)Associate's DegreeBachelor's DegreeMaster's DegreeNone of the Above02Please select the field in which you were awarded your degree:FinanceEconomicsMathematicsAccountingBusiness AdministrationA closely related fieldSome other fieldI do not have a degree03How many years of professional investment experience do you have working with multi-asset portfolios in a public agency or financial institution, specifically involving investment analysis?Less than 1 year1 to 2 years2 to 3 years3 or more years04Please describe your professional investment experience involving multi-asset portfolios in a public agency or financial institution. In your response, include the types of assets you worked with and your specific responsibilities related to investment analysis.05Which of the following professional designations have you obtained or are currently pursuing?Chartered Financial Analyst (CFA)Chartered Alternative Investment Analyst (CAIA)Financial Risk Manager (FRM)None of the above06A resume and cover letter is required to be attached to your application but will not substitute for the proper completion of your application. The information on your application will be used to determine your salary placement if a conditional job offer is extended. Please ensure your application provides a complete overview of your relevant education, experience and/or certification to demonstrate your qualifications. Ideally, your application should cover at least the past 10 years of employment history, or longer if you have other relevant experience you wish to be considered for salary placement. Submission of an incomplete application may disqualify you from the recruitment process. Amendments to applications will only be considered for education, experience and/or certification obtained after the application submission date.I acknowledge I have read and understand the statement above.I do not acknowledge and understand the statement above.