Investment Officer II

Company Description

A best-in-class city that attracts best-in-class talent, Philadelphia is an incredible place to build a career. From our thriving arts scene and rich history to our culture of passion and grit, there are countless reasons to love living and working here. With a workforce of over 30,000 people, and more than 1,000 different job categories, the City of Philadelphia offers boundless opportunities to make an impact.

As an employer, the City of Philadelphia values inclusion, integrity, innovation, empowerment, and hard work above all else. We offer a vibrant work environment, comprehensive health care and benefits, and the experience you need to grow and excel. If you’re interested in working with a passionate team of people who care about the future of Philadelphia, start here.

What we offer

• Impact - The work you do here matters to millions. 
• Growth - Philadelphia is growing, why not grow with it? 
• Diversity & Inclusion - Find a career in a place where everyone belongs.
• Benefits - We care about your well-being.

Agency Description

The City of Philadelphia Board of Pensions and Retirement (“Board”) was created by the 1951 Philadelphia Home Rule Charter (“Charter”) as an independent board, that is, one not connected to any particular City department. The composition of the Board, spelled out in the Charter, includes nine voting members and one non-voting member. The Board is vested under state law, the Charter and City ordinances to be trustees of the Plan, with exclusive authority and full powers to control and manage the Plan’s investments (“Fund”).

Job Description

Position Summary

The City of Philadelphia Board of Pensions and Retirement, with assets of approximately $8 billion, is seeking an Investment Officer II. An Investment Officer II is a mid-level analyst position performing financial analysis in public and private markets. The Investment Officer II will report directly to the Deputy Chief Investment Officer and work closely with a nine-member Board of Trustees. 

Duties and Responsibilities

Portfolio structuring within the assigned asset class(es). This includes, but is not limited to

• Recommending appropriate strategies within the asset class(es)
• Asset classes to include public equities, fixed income, private equity, real estate, and infrastructure

• Recommending the appropriate number of investments per annum to reach the Board’s target allocation
• Recommending appropriate commitments for each manager

• Drafting requests for proposals ("RFPs) where required

• Monitoring market, industry and asset class trends

Evaluating and recommending managers within the assigned asset class(es). This includes, but is not limited to:

• Determining the need to augment existing exposures to specific strategies and making recommendations to the Chief Investment Officer
• Sourcing top-tiered managers
• Conducting meetings and performing due diligence on identified managers
• Recommending selections to the Chief Investment Officer

Responsible for monitoring the investment managers within the assigned asset class(es). This includes, but is not limited to:

• Reviewing manager and aggregate portfolio performance
• Preparing quarterly portfolio reports
• Meeting with investment managers not less than annually and drafting meeting reports
• Participation in Annual, Advisory Board and Valuation Committee meetings as applicable

Additional duties may include (but are not limited to):

     ●   Assist with data reconciliation, operations and other key “back-office” functions

Competencies, Knowledge, Skills and Abilities

•    Demonstrated ability to evaluate, select, or recommend investment managers or investment vehicles within several asset classes.  This may also include the Board’s Deferred Compensation (457b) plan.
•    Knowledge of public & private market and relevant industry sector trends
•    Strong knowledge of finance, economics and general business
•    Strong financial acumen
•    Strong interpersonal skills and ability to interact with senior management, senior government officials, and other stakeholders
•    Ability to accurately scope out length and difficult tasks and projects; sets objectives and goals; measures performance against goals; evaluates results
•    Ability to uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent