Description
Contributes to the management of all public and private investments including domestic and international equity, fixed income and high yield bonds. Participates in the formulation of overall investment policies conjunction with other staff and the Investment Board. Develops and communicates investment strategy for each major asset class consistent with goals established by long-term asset allocations. Reviews and recommends investments managers, implements decisions and formulates guidelines and funding plans. Monitors and evaluates investment managers, ensures risk management oversight, conducts due diligence. Develops and implements analytical portfolio monitoring tools to measure risk and return; performs periodic asset allocation analysis. Reviews and analyzes quarterly valuation of private investments including real estate, private equity, and hedge funds. Has oversight for development of technology infrastructure including: daily operating systems; analytical portfolio management tools, database management systems. Ensures preparation of Investment Board materials to effectively communicate performance, manager issues or concerns and any changes in strategy. Education and Experience: Master's degree or equivalent required, CFA highly desirable. Three to five years of related experience. Strong expertise in finance, investment management and portfolio theory. Strong understanding of portfolio risk management concepts and tools. The primary duty of employees in this classification is the management of a customarily recognized department or subdivision, including the supervision of three or more full-time equivalent employees every week. Direction is over a permanent status-continuing function, not a collection of employees assigned to complete a project. Management duties include interviewing, selecting and training of employees; setting and adjusting their rates of pay and hours of work; planning and directing their work; appraising their productivity and efficiency for the purpose of recommending promotions or other changes in their status; handling their complaints and grievances and disciplining them when necessary. Management responsibilities include the authority to hire, fire, or promote assigned employees or make recommendations that are given particular weight. Employees have impact on budgeting, controlling costs, planning, scheduling, and procedural change. Under FLSA, incumbents in this position meet the criteria for exempt status.