Job Description

Job Description and Duties

With the general direction of the State Controller, serve as an expert in investment and financial matters, representing the interest of the Controller at assigned boards and commissions engaged in investments or financial initiatives under consideration at boards such as CalPERS, CalSTRS, etc. The incumbent will be expected to maintain an active role in involvement in financial matters, the investment of public funds, or other financial instruments to yield increase for some of the nation’s largest pension funds and other investments. The incumbent will act in the absent of the Controller, when assigned and render decisions relevant to specific subject-matter. Specific duties include, but are not limited to the following:

Essential Functions:

(Candidates must perform the following functions with or without reasonable accommodations.)

• Assist in the development of long and short-termed investment strategies, options, and/or concepts;

• Participate in scheduled meetings at assigned boards and commissions such as CalPERS, CalSTRS, Pooled Money Investment Board, etc.;

• Represent the State Controller concerning matters relating to designing, developing, and administering health benefit programs, business processes;

• Advise the State Controller, or other senior level executives regarding board activity and opportunities that are being evaluated for participation;

• Establish quality assurance policies related to investments activity, projected standards, and consistent with the fiscal oversight of the State Controller;

• Assist in the development of public policy related to business practices for assigned boards and commissions;

• Develop clear and well-informed investment recommendations based on research and analysis;

• Attend meetings scheduled for assigned entities to represent the interest of the State Controller;

• Monitor capital markets and economic conditions for potential impact to investment proposals;

• Provide timely and accurate reports concerning investment activity to the State Controller;

• Monitor performance, policies and portfolio guidelines to ensure consistency with investment strategies adopted by the board;

• Monitor, analyze, and project cash flow to anticipate fund expenditure as a member of board and report all discrepancies or abnormalities to the State Controller for dispositioning;

• Schedule briefing sessions with the Controller, or other senior executives and provide a high-level overview of action items identified;

• Evaluate proposals; analyze strategies; form position statements related to potential risks; make recommendations when warranted;

• Make recommendations or decisions to promote business continuity for investments;

• Provide consultation to the State Controller and other senior executive leadership in matters related to developing investment strategies that leverage existing portfolios to maximize returns while concurrently containing undue risk;

Position Number Name Date

• Assist in the development of short and long-term investment strategies, options and/or concepts; attend scheduled meetings and play an active role by representing the State Controller’s interests;

• Represent and/or advise the State controller in matters relating to designing, developing, and administering health benefit programs and business processes that are innovative, effective, efficient, and valued by system members, employers, and other stakeholders;

• Provide both verbal and written information reports, presentations, talking points and briefings to the State Controller, and/or other senior level executives regarding CalPERS and CalSTRS matters;

• Work in a team environment with other SCO staff to develop and/or analyze legislative proposals or other policy initiatives;

• Advise and represent the State Controller on a variety of issues affecting employee/employer relations statewide and employee representative organizations;

• Be available for intra- and inter- state travel to represent the State Controller at board hearings and other meetings for boards such as CalPERS, CalSTRS, etc.;

• Assist in modifying or developing public policies under consideration by CalPERS/CalSTRS that may have impact program areas within the SCO;

• When required, cast votes on behalf of the State Controller at either board meeting in consideration of issues requiring a majority vote;

• Maintain flexibility to travel and attend scheduled meetings.

You will find additional information about the job in the .

Special Requirements

A Statement of Qualifications is required; please see Examination Information for instructions. 

Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:

• Understanding of Public Administration as it relates to California;
• Degree in Business Administration/Public Policy, or related field;
• Knowledge of California Legislative processes;
• Five (5) years of experience involved in the California Budget cycle, either as a representative or business partner;
• Understanding of the State Controller’s Constitutional Authority.

Benefits

Benefit information can be found on the CalHR website and the CalPERS website.

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is required and must be included.
• Statement of Qualifications - A Statement of Qualifications is required for this position.  For more detail, please see Examination Information section.

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