This position is eligible for incentive compensation and has a maximum incentive opportunity of 20% of base salary.
The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer III on the Inflation Sensitive team.
The Inflation Sensitive Unit was developed to improve diversification of the overall Investment Portfolio by seeking investment strategies and security types that would protect it against inflation, generate enhanced yield and provide stable cash flows. The unit’s portfolio is currently split between private investments in Infrastructure, Agriculture, and Timberland, and public investments such as U.S. TIPS and Commodities. The Inflation Sensitive Portfolio is a unique hybrid asset class of multiple asset types that will invest in a diversified portfolio of strategies and securities utilizing a mixture of both internal and external management. The unit will seek to lower CalSTRS overall portfolio volatility and positively capture long-term changes in inflation.
Under the general direction of the Portfolio Manager, the Investment Officer III serves as a high-level investment specialist responsible for ensuring conformance with policy and fitness with portfolio composition objectives, and performs duties supporting the goals and objectives of the Inflation Sensitive Unit. The incumbent performs highly complex duties requiring a high degree of independence, confidentiality, creativity and discretionary judgment.
The ideal candidate will possess the following skills:
- Direct experience with infrastructure due diligence and /or asset management
- Financial modeling experience
- Understanding of cash flows
- Detailed understanding of legal and financial aspects of investment transactions
- Strong understanding of diverse business structures
- Ability to present information clearly, both orally and in writing, to a wide range of audiences
- Ability to effectively analyze information to develop and present appropriate recommendations
- Direct experience with infrastructure due diligence and /or asset management
An incumbent who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.
In July 2025, the State of California implemented the Personal Leave Program 2025. This program reduces employees’ monthly base pay in exchange for paid leave credits. This position is subject to PLP 2025 and will have a monthly base pay reduction of 3% in exchange for 5 hours of leave credits for the duration of the program. The salary ranges shown on this job posting do not reflect the reduced amounts.
