Finance Analyst II

About the Position

The Investments Division at LACERA encompasses a diverse array of asset classes including Public Equities, Private Equity, Real Assets (Infrastructure and Natural Resources), Real Estate, Fixed Income, Hedge Funds, Credit, Direct Investments (Private Markets), Portfolio Analytics (Risk Management), and Corporate Governance Stewardship (Environmental, Social, and Governance).

The Finance Analyst II, LACERA position reviews, analyzes, and makes recommendations on the administration and management of LACERA’s investment portfolio. Positions allocable to this classification work under the administrative and technical direction of a Finance Analyst III, LACERA, and/or a Senior Investment Officer, LACERA who has immediate responsibility for an asset class of LACERA’s investment portfolio, such as Fixed Income, Real Estate Equities, or Alternative Assets.

Depending upon the asset class or category to which the incumbent is assigned, the work involves evaluating and monitoring current contract investment management companies’ performance, assisting in the preparation of Requests for Proposals (RFP’s), evaluating RFP responses, conducting site inspections of LACERA owned property, assisting in the preparation of reports to the Board of Investments, and assisting in determining asset allocations to contract management companies.

This position is exempt as defined by the Fair Labor Standards Act and is not eligible for overtime. This position may require working evenings, weekends, and holidays.

• Credit and Risk Mitigation – Responsible for design, implementation, and oversight of credit, investment grade bond, and hedge fund portfolios. Key functions include investment monitoring and operations, preparing analyses and presentations, researching markets and investment strategies, and conducting investment due diligence.
• Private Equity – Responsible for design, implementation, and oversight of the private equity portfolio. Key functions include sourcing, evaluating, and recommending investment opportunities, as well as investment monitoring and operations. The team ensures alignment with LACERA's strategic objectives outlined in the Growth functional asset category.
• Portfolio Analytics – Responsible for total Fund risk management, performance measurement, compliance, operations, and reporting for both the Pension and OPEB Trust. PA also is responsible for the investment oversight of the OPEB Trust, cash management, and cash overlay programs for both total Funds.

Compensation: $11,997.08 - $18,158.51 Monthly. This position is subject to the provisions of LACERA’s Management Appraisal and Performance Plan (MAPP).

Benefits: LACERA offers a comprehensive benefits package including a cafeteria benefit plan (14.5% - 17% of monthly base salary), annual leave, defined benefit retirement plan, Savings Plan (401k), Deferred Compensation Plan (457), 13 paid holidays per year, tuition reimbursement, hybrid work schedule, and a ride share program.

Education: A Bachelor's degree in Finance, Economics, Business Administration or a related field AND Two (2) years of responsible investment management experience assisting in the continuing supervision and review of an extensive investment program for a large financial institution or governmental agency.
OR A Master's degree in Business Administration or related field.
OR Two (2) years of experience at the level of Los Angeles County's position of Finance Analyst I, LACERA.

Other Requirements: Applicants must be able to perform the essential functions of this classification, with or without reasonable accommodation.

• Conducting investment manager due diligence, including portfolio fit and optimization of risk‑adjusted performance.
• Monitoring external investment managers for contractual compliance, investment performance, and conformance with guidelines.
• Assisting in the negotiation of terms with investment managers and/or other third‑party service providers to promote alignment of interests and improve the expected outcomes for the total fund.
• Preparing visually effective presentations…