Equity Portfolio Implementation Manager

About the role

Working Title: Equity Portfolio Implementation Manager. Classification: INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM. Job Code #: JC-535153; Position #(s): 275-620-4637-014. # of Positions: 1. Work Location: Sacramento County. Job Type: Permanent, Full Time. CalPERS is a global institutional investor and the nation’s largest public pension fund, headquartered in downtown Sacramento, with a reputation for leadership and innovation and competitive benefit packages.

Responsibilities

• Ensure assigned equity portfolio characteristics are aligned with the benchmark/model, including primary responsibility for specific portfolios and coverage responsibility and trade review for other portfolios.
• Contribute to evaluating and delivering effective strategies for investment, in terms of theory and implementation.
• Oversee and analyze corporate actions, including tender offers, initial public offerings/secondary offerings, and voluntary dividend treatment.
• Drive the GPE Portfolio Construction team's efforts to innovate and improve the technologies, methodologies, and workflows that further the development of an efficient, risk‑controlled, and scalable institutional equity management capability.

Requirements

Applicants must meet the Minimum Qualifications listed on the Classification Specification and include all relevant experience and education in their application. Candidates may need to pass an examination to establish list eligibility before a job offer can be made.

Benefits

CalPERS offers competitive benefit packages, compensation, and opportunities for advancement, and is recognized as a destination employer near desirable locations such as Napa Valley, San Francisco, and Lake Tahoe.

Pay

Salary range: $15,250.00 – $25,416.67 per month. The position is eligible for annual incentive awards of 0‑75% of salary based on quantitative and qualitative performance measures. After five years, a long‑term incentive program provides an additional opportunity of 0‑75% of base salary when absolute total fund returns meet or exceed board‑approved thresholds. New‑to‑State candidates are hired at the minimum salary of the classification.

Schedule

This position is eligible for a hybrid work schedule, allowing up to two days of remote work and three or more days onsite per week.