Campus:
Chancellor's Office

Job ID: 527332

Job Title:
Assistant Manager, Investments

Time Base:
Full-Time

Date Posted:
April 27, 2023

Closing Date:
Open until filled

Description:

Chancellor's Office Statement

Join our team at the California State University, Office of the Chancellor, and make a difference in providing access to higher education. We are currently seeking experienced candidates for the position of Assistant Manager, Investments. The CSU Chancellor's Office, located on the waterfront adjacent to the Aquarium of the Pacific in downtown Long Beach, is the headquarters for the nation's largest and most diverse system of higher education. The CSU Chancellor's Office offers a premium benefit package that includes outstanding vacation, health, and dental plans; a fee waiver education program; membership in the California Public Employees Retirement System (PERS); and 14 paid holidays a year.

Salary

The salary range for this classification is $3,750 to $11,146 per month.

The anticipated salary hiring range is up to $9,584 per month, commensurate with qualifications and experience.

Classification

Administrator I

Position Information

The California State University, Office of the Chancellor, is seeking a Assistant Manager, Investments assume responsibility for: (a) the day-to-day monitoring of the CSU’s investment portfolios; and (b) supporting the Chief Investment Manager in the programmatic responsibility for systemwide Treasury operations specifically related to cash flow and investments.

Responsibilities

Under the general direction of the Chief Investment Manager, the Assistant Manager, Investments will:

Assume primary responsibility for the day-to-day management of systemwide investment programs.

• Assist the Chief Investment Manager in the oversight and management of the CSU’s investment portfolios, including monitoring asset allocation, overseeing external investment managers, and entering or approving orders for purchase and sale transactions to, from, and between the investment portfolios to meet investment objectives and strategic asset allocations.

• Oversee of existing investment managers and evaluation of potential new investment managers including due diligence.

• Prepare investment reports and other reports as needed, including quarterly and annual investment reports to the CSU Investment Advisory Committee (IAC), the CSU Board of Trustees and quarterly investment reporting for use by executive management. The preparation of these reports includes analyses of changes in performance metrics and portfolio characteristics.

• Monitor and make recommendations regarding the CSU investment policies as appropriate.

• Monitor investment of surplus cash under the control of the CSU Chancellor’s office, including any auxiliary or joint power authority cash.

• Communicate regularly with the CSU’s investment advisor and external investment managers regarding market conditions, CSU cash flow forecasts, and other information relevant to the investment programs of the CSU.

• Enter and/or approve trades as required for the TRP consistent with the TRP’s asset allocation.

• Monitor and report on performance of investment managers by analyzing performance data to performance goals at least quarterly.

• Monitor investment portfolio compliance; research, report on, and make recommendations concerning areas of non-compliance in a timely manner.

• Serve as the lead manager for the oversight of real assets (real estate investment trusts, materials, and global listed infrastructure), including investment aspects related to an energy transition from fossil fuels to renewables.

• Monitor and analyze the integration of environmental, social, and governance (ESG) risk factors in the investment portfolios.

• Monitor economic and political trends that may affect CSU investment portfolios.

• Serve as staff to the CSU Investment Advisory Committee (IAC), the CSU 403b SRP Advisory Committee and/or other committees as needed. Review and prepare all IAC meeting materials in coordination with the CSU’s investment advisor and other investment service providers. Provide presentations and updates to the IAC as required.

• Vendor Management. Collaborate with Chancellor’s Office Accounts Payable department to ensure timely payment of all fees and to track and reconcile all fees and encumbrances for investment service providers, including but not limited to investment advisors, investment managers, custodial bank, and investment software services. Collaborate with Chancellor’s Office Procurement department to maintain all investment service provider contracts and purchase orders.

• Maintain all CSU Investment Advisory Committee (IAC) materials as directed by the Chief Investment Manager.

• Prepare calculation of annual investment earnings distribution and TRP Spending Distribution statement and all required documents, and disseminate to campus personnel, the State, or other parties as needed.

• Provide systems support for the allocation and distribution of investment earnings.

• Assist in the cash cycle forecast analysis including coordinating with Treasury Operations to input significant campus cash flows into the cash forecasting module of the Treasury Management System.

• Maintain bi-weekly Liquidity Portfolio rolling 12-month match funding analysis to be distributed internally to department staff.

• Produce Weekly Investment Dashboard to be distributed internally to department staff.

• Produce Weekly Realized Loss report to be distributed internally to department staff.

• Maintain credit rating downgrade log for Liquidity and Intermediate Duration Portfolios.

• Maintain server files for all investment manager monitoring and due diligence.

• Assist in the review of legislation that may affect the CSU investment programs.

• Make recommendations to management about investment structure, research improvements to processes, and develop cost/benefit analyses of various options to be considered, ensuring that investment policies, models, processes, and interfaces prescribe to good practices, transparency, soundness, and achieve the transference of institutional knowledge.

• Assist in the ongoing maintenance and process improvement of the Investment department.

• Review, initiate and/or approve daily cash transfers between commercial and investment banks.

• Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, and monitoring best practices.

• Manage, coordinate, and assist with other assigned programs / projects at the direction of the Chief Investment Manager, Director Treasury Operations and by anticipating department needs.

• Assist in the development and implementation of Investment policies and procedures.

• Assist in the development and implementation of Investment/Treasury initiatives. Assist, as needed, in the organization and implementation of systemwide training programs concerning Investments/Treasury Operations.

• Maintain relationships with department team partners (campuses, other Chancellor’s Office departments, investment advisors, investment managers, banks, etc.) by communicating system needs and issues.

Qualifications

This position requires:

• A bachelor’s degree from an accredited four-year institution of higher education with a specialty in investments, economics, business, or finance is required.

• A minimum of five or more years of investment industry experience is required.

• Intermediate modeling, strong quantitative and qualitative analytical skills, strong financial planning analysis skills, and intermediate Excel skills are required.

• Strong written and oral communication skills, ability to work cohesively and cooperatively with management and co-workers to achieve results quickly and accurately are required.

• Strongly versed in the standard concepts, practices, and procedures of the investment sector is required.

Preferred Qualifications

• Charted Financial Analyst (CFA) certification is desired.

• Certified Investment Management Analyst (CIMA) certification is desired.

• Familiarity with investment software services such as Bloomberg, eVestment, Morningstar, Clearwater, and Diligent Boards is desired.

Application Period

Priority consideration will be given to candidates who apply by May 11, 2023. Applications will be accepted until the job posting is removed.

How To Apply

Equal Employment Opportunity

The university is an Equal Opportunity Employer and does not discriminate against persons on the basis of race, religion, color, ancestry, age, disability, genetic information, gender, gender identity, gender expression, marital status, medical condition, National origin, sex, sexual orientation, covered veteran status, or any other protected status. Reasonable accommodations will be provided for qualified applicants with disabilities who self-disclose by contacting the Senior Human Resources Manager at (562) 951-4070.

Title IX

Please view the Notice of Non-Discrimination on the Basis of Gender or Sex and Contact Information for Title IX Coordinator at:

E-Verify

This position requires new hire employment verification to be processed through the E-Verify program administered by the Department of Homeland Security, U.S. Citizenship and Immigration Services (DHSUSCIS)' in partnership with the Social Security Administration (SSA).

If hired, you will be required to furnish proof that you are legally authorized to work in the United States.

COVID19 Vaccination Policy

Per the CSU COVID-19 Vaccination Policy, it is strongly recommended that all Chancellor’s Office employees who are accessing office and campus facilities follow COVID-19 vaccine recommendations adopted by the U.S. Centers for Disease Control and Prevention (CDC) and the California Department of Public Health (CDPH) applicable to their age, medical condition, and other relevant indications.

Mandated Reporter Per CANRA

The person holding this position is considered a 'mandated reporter' under the California Child Abuse and Neglect Reporting Act and is required to comply with the requirements set forth in CSU Executive Order 1083 as a condition of employment.

Conflict of Interest

The duties of this position will include participation in decisions that may have a material financial benefit to the incumbent. Therefore, the selected candidate will be required to file Conflict of Interest Form 700: Statement of Economic Interest when they first occupy the position, and on an annual basis, complete ethics training within 6 months of appointment, and attend this training every other year thereafter.

Background

The Chancellor's Office policy requires that the selected candidate successfully complete a full background check (including a criminal records check) prior to assuming this position.