Title:  PORTFOLIO MANAGER, STATE TEACHERS' RETIREMENT SYSTEM
Salary: $12,083.00 - $16,250.00
Posted: 04/13/2010

• Develop comprehensive strategy for the Global Equity portfolio based upon economic forecasts, industry trends and program needs in conjunction with the total return objectives for the portfolio as defined within Policy.
• Provide specialized expertise and consultation related to unique global equity programs such as the Sustainable Investment Program, Developing Manager Program, and Pension2.
• Evaluate relative value within various segments of the Global Equity portfolio in order to determine the optimal portfolio structure and asset allocation consistent with the current strategy utilizing market analytical tools, consultants, advisors, and business contacts.
• Implement investment decisions resulting from current and new strategies and relative value analysis including the oversight of the retention and termination of managers, negotiation of contract terms, and the screening/selection of investment managers.
• Conduct on-site, due diligence inspections and evaluations of investment managers and potential investment opportunities located throughout the United States and internationally.
• Manage staff as required, including coaching, evaluating performance, training, etc.
• Represent CalSTRS at various conferences, advisory boards and committees and before the investment community.

Desirable Qualifications

Ability to work independently, as well as in a team setting. Possess excellent communication skills, both verbal and written. Detail oriented, able to multi-task while remaining efficient. Ability to prioritize and complete assignments to meet critical deadlines. Strong analytical and critical thinking skills. Proficient in analyzing equity portfolios using market data and systems such as FactSet, BARRA, and Bloomberg. Proficient with Microsoft Office Products: Word, Excel, Access and PowerPoint.

Agency Description

The California State Teachers’ Retirement System is a Special Fund Agency. We are the second largest public pension plan and the largest teachers’ retirement fund in the United States. Our primary responsibility is to provide retirement related benefits and services to teachers in public schools from kindergarten through community college. Our new environmentally friendly headquarters on the West Sacramento Riverfront offers many employee amenities including a fitness center, a full service dining center, and covered and secure parking with reasonable parking fees.

CalSTRS Core Values: A set of attitudes and philosophies that define CalSTRS and its employees.

• Customer Service: We never compromise on quality as we strive to meet or exceed the expectations of our customers.
• Accountability: We operate with transparency and accept responsibility for our actions.
• Leadership: We model best practices in our industry and innovate to achieve higher standards.
• Strength: We ensure the strength of our system by embracing a diversity of ideas and people.
• Trust: We conduct ourselves with integrity, acting ethically in every endeavor.
• Respect: We respect the needs of our members, co-workers, and others, treating everyone with fairness, honesty, and courtesy.
• Stewardship: We recognize our fiduciary responsibility as the foundation for all decision-making.

CalSTRS Core Competencies: Behavioral characteristics that are essential for the success of each contributor and are directly related to the success of CalSTRS as a whole.

• Adaptability / Flexibility: Adapts well to changes, approaches change positively, and adjusts behavior accordingly.
• Communication: Demonstrates applicable job-related written, oral, and listening skills.
• Customer / Client Focus: Identifies and responds to current and future client needs.
• Teamwork: Participates as an active and contributing member of a team to achieve team goals.
• Work Standards / Quality Orientation: Sets high quality work standards while displaying a high level of effort towards completing assignments in a timely manner.

Who can apply (Selection Criteria)

Eligible candidates who are current state employees with status in the above classification or lateral transfers from an equivalent class, former state employees who can reinstate into this class or persons who are reachable on a current employment list for this classification. To find out how to become a civil service employee, please go to the State Personnel Board’s website at: www.spb.ca.gov.

Note:
(1) Prior to employment with CalSTRS, a background investigation (BI) will be conducted. The BI consists of a Personal History Statement, an online BI application and fingerprinting through the Department of Justice. The BI will check criminal and civil records and, if applicable, verify education and check driving records.

(2) The position may be subject to the disclosure and disqualification requirements concerning economic conflict of interest in government work, pursuant to the CalSTRS Conflict of Interest Code and the Political Reform Act.

(3) Applicants will not be considered if the application is not completed appropriately and/or if required additional information is not submitted with the application.

How to Apply:

Interested individuals should submit a STD 678, Examination and/or Employment Application (Rev. 12/06 or later) to the address below. Please indicate your eligibility in box 12 of the application. Surplus applicants must attach a copy of their letter. The STD. 678 can be accessed through the State Personnel Board website at www.spb.ca.gov. Please include a copy of this notice with your application.