Senior Retirement Investment Officer

The Position

There is an additional 3.35% Management Differential which is added to the posted salary for this class.

This is a continuous filing exam. Next filing cut-offs are at 5:00 pm on:

8/7/2025, 9/4/2025 (Final)

The Senior Retirement Investment Officer leads the administration and review of one or more major investment areas or segments of the portfolio for the Sacramento County Employees’ Retirement System (SCERS) such as Public Equities, Fixed Income, Absolute Return, Private Equity, Private Credit, Real Assets, and Real Estate; monitors, analyzes and reports on investment performance and compliance; plans and develops investment strategies; provides oversight to, and assessment of, investment managers, consultants, custodians, and other financial service providers; conducts complex research and analysis related to the investment program; and oversees and provides direction to Retirement Investment Officers.

Examples Of Knowledge and Abilities

Knowledge Of

• Principles and practices of management and organizational theory, including planning, organizational design, business finance, business development, project management, and organizational effectiveness
• Principles and practices of leadership, mentoring, and training
• Operational characteristics, services, and activities of public retirement systems
• Investment and financial management procedures and practices
• Modern portfolio theory and application
• Risk monitoring and management methods and techniques
• Analytical techniques commonly utilized in the management of equity and fixed income portfolios
• Economic and market conditions and trends and their effect of short and long term investment programs and strategies
• Applicable investment laws, rules, regulations, compliance considerations and professional standards
• Office procedures, methods, and equipment including computers and applicable software applications such as word processing, spreadsheets, databases, and other specialized applications related to area of assignment
• English usage, spelling, grammar, and punctuation

Ability To

• Plan, coordinate, assign, and review the work of professional staff
• Work independently, prioritize work, coordinate activities and meet critical deadlines
• Develop, monitor and interpret budgets and other financial documents
• Plan, manage, and complete complex work assignments
• Develop and maintain cooperative, effective working relationships with others
• Communicate clearly and concisely, both verbally and in writing
• Interpret and apply applicable federal, state, and local laws, codes, and regulations
• Apply customer service skills, including the identification of customer needs and follow up to ensure customer commitments have been met
• Influence and persuade others to take a desired action and/or direction
• Interpret and summarize a variety of data and information
• Exercise discretion and maintain confidentiality of information
• Coordinate, monitor and evaluate the activities of multiple outside investment advisors
• Identify potential investment opportunities suitable for the institutional portfolio
• Understand and assess the quality, accuracy, and reliability of manager and consultant reports and the application of such data
• Isolate critical investment data to assess financial risk of investment options
• Accurately analyze and interpret market and financial conditions
• Evaluate complex investment transactions
• Evaluate investment manager contracts
• Understand, interpret and apply applicable investment laws, rules, and regulations
• Formulate and make recommendations on investment policies and strategies
• Understand and apply Retirement Board policies and objectives with respect to investment strategies
• Prepare and present reports on portfolio performance and investment activities
• Exercise appropriate judgment in answering questions and releasing information; analyze and project consequences of decisions and recommendations

Employment Qualifications

Minimum Qualifications

Seven years of full-time paid professional investment experience, which included conducting, managing, advising, and/or overseeing investment activities on behalf of others.

AND

A Bachelor’s degree or higher from an accredited college or university in Business Administration, Accounting, Finance, Economics, Public Administration or other field directly related to the intent of the class.

Note: A Master’s in Business Administration (MBA) or certification as a Chartered Financial Analyst (CFA) is desirable and may substitute for one year of the required experience.

Note: If the word “experience” is referenced in the minimum qualifications, it means full-time paid experience unless the minimum qualification states that volunteer experience is acceptable. Part-time paid experience may be accumulated and pro-rated to meet the total experience requirements.

Note: If the minimum qualifications include an educational or certificate/license requirement, applicants must submit proof of requirements with the application. Failure to submit proof of requirements may result in disqualification from the examination. Unofficial transcripts are acceptable. For guidelines on submitting acceptable proof of educational requirements, please click here or speak to someone in our office before the cut-off date listed in this notice.

General Qualifications

Criminal History and Background Checks: The County may access criminal history information on candidates who have accepted a conditional offer of appointment for this class consistent with the provisions of Board of Supervisors Resolution No. 82-602, Personnel Policies and Procedures B-5, and applicable federal and state laws. The County shall not consider for employment any candidate who has been convicted of a felony or misdemeanor that relates to or impacts the candidate’s ability to perform the job duties of this class unless it is determined that mitigating circumstances exist. For purposes of accessing criminal history information, the candidate will be fingerprinted. A subsequent arrest notification may be obtained.

License Requirement: A valid California Driver License, Class C or higher, may be required at the time of appointment. Failure to obtain or maintain the appropriate California Driver License may constitute cause for personnel action in accordance with Civil Service Rules or applicable bargaining agreement. Individuals who do not meet this requirement due to disability will be reviewed on a case-by-case basis.

Probationary Period

The probationary period for this classification is six (6) Months.

Application and Testing Information

APPLICATION

Qualified applicants are encouraged to apply immediately. All applicants must complete and submit an online County of Sacramento employment application by 5:00 PM on the posted cut-off date.

SUPPLEMENTAL QUESTIONNAIRE

Applicants are required to provide a full and complete response to each supplemental question. The Supplemental Questionnaire is located in the tab marked "Supplemental Questions". Please be descriptive in your response.

Note: Responses of "See Resume" or "See Application" or copy and paste of work experience are not qualifying responses and will not be considered.

FORMULA RATE EXAMINATION (Weighted 100%)

All candidates meeting the minimum qualifications by the cut-off date will have their Supplemental Questionnaire scored in the Formula Rate Examination. This examination will evaluate the relevance, level, recency, progression and quality of candidate's education, training and experience. The candidate's application or other materials will not be included in this examination. Therefore, the candidate's responses to the supplemental questionnaire should be thorough, detailed and complete. The score from the Formula Rate Examination will determine the ranking on the eligible/employment list for this job.

Sacramento County is about enriching communities to thrive. We strive to create inclusive workplaces that reflect the communities we serve. We value and celebrate the unique perspectives, backgrounds, abilities, and diverse dimensions of our employees and residents. Through transparency, courage, innovation, and trust we are committed to advance equity and transformational change.

We are a proud equal opportunity employer. If you need assistance or an accommodation due to a disability for any phase of the hiring process, please contact our Disability Compliance Office at dco@saccounty.gov or 916-874-7642, CA Relay 711.