Private Markets Accounting Officer

Equal Opportunity Employer

The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.

It is an objective of the State of California to achieve a drug‑free workplace. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.

Job Code
: JC-508299
Position #:

-728
Working Title
:
Private Markets Accounting Officer
Classification
: ACCOUNTING OFFICER (SPECIALIST)
Salary
: $5,266.00 - $6,591.00 A
# of Positions
: 1
Work Location
:
Sacramento County
Telework
:
Hybrid
Job Type
:
Permanent, Full Time

The California Public Employees’ Retirement System (CalPERS) is the nation’s largest public pension fund, providing retirement and health benefits to public employees, retirees, and their families. Headquartered in downtown Sacramento, CalPERS is a destination employer with an international reputation for leadership and innovation. We are committed to people—the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefits, compensation, and opportunities for advancement.

CalPERS seeks an Accounting Officer (AO), Specialist in the Financial Reporting and Accounting Services Division, Investment Analysis & Reporting. Under the general supervision of the Financial Accountant II (Supervisor), the incumbent performs professional accounting tasks, requiring knowledge of general and investment accounting principles and practices. The AO analyzes, researches, and reconciles accounting activity for the Private Equity and Private Debt Programs.

Key Responsibilities:

• Analyze, research, and reconcile accounting activity for the Private Equity and Private Debt Programs.
• Perform monthly cash reconciliations between partnerships’ contribution and distribution notices, the custodian bank, ABOR, and CalPERS’ People Soft system to ensure all activities are captured and recorded.
• Perform quarterly reconciliations between Partnership’s financial statements, including Balance Sheet, Income Statement, Statement of Cash Flow, Notes and Disclosures, and other relevant documents.
• Prepare reports on Private Equity and Private Debt investment activities for the Board of Administration and for the CalPERS Annual Comprehensive Financial Report.
• Establish, maintain, and update policies and written desk procedures, identify opportunities, and recommend improvements to streamline accounting processes.
• Serve as back‑up to team members within the Investment Analysis & Reporting Unit and participate on special projects.

Telework Information
:
This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.

This position is not eligible for visa sponsorship. Applicants must be authorized to work in the United States without the need for visa sponsorship. CalPERS does not participate in E‑Verify for employment authorization purposes.

Effective July 1, 2025, The California Department of Human Resources (CalHR) implemented the Personal Leave Program 2025 (PLP 2025) which provides a 3 percent reduction in pay in exchange for 5 hours PLP 2025 leave credits, monthly. The salary range(s) included in the job advertisement do not reflect the 3 percent reduction in pay.

All applications must include a Statement of Qualifications (SOQ) titled ‘Statement of Qualifications.’ The SOQ must be typed, numbered, and list all relevant…