Investment Officer III, Assets

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JC-532068

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Investment Officer III, Real Assets

INVESTMENT OFFICER III, PUBLIC EMPLOYEES RETIREMENT SYSTEM

$10,681.00 - $12,738.00

1

Sacramento County

Hybrid

Permanent, Full Time

California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $654.33 billion as of September 18, 2026. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re 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 benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Vision and their decisions and actions are guided by our Investment Beliefs.

If you are interested in becoming part of a diverse and inclusive workforce where talent, experience, and expertise are valued, CalPERS invites you to apply for this employment opportunity. To find out more about our Diversity, Equity, and Inclusion efforts, visit our website !

To take a look at CalPERS as a destination employer, view this You Tube video .

Anticipated Interview Dates:
We anticipate holding in-person interviews approximately two to three weeks after the final file date. We look forward to meeting with you!

The Investment Office’s Real Assets division is seeking an Investment Officer III with strong analytical skills and a collaborative mindset to support the Strategy, Portfolio Analysis, Risk & Research (SPARR) team and drive our CalPERS mission.

• Lead the Real Assets Risk Management & Insurance Program, overseeing policy renewals, coverage structures, compliance, and market engagement.
• Evaluate portfolio level risk exposures across geography, structural attributes, operations, and tenants; recommend mitigation and insurance strategies aligned with investment objectives.
• Conduct macro, market, and sector research to inform portfolio construction and Real Assets strategic positioning.

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 US without the need for a visa sponsorship now or in the future. 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). PLP…