Finance Analyst II, LACERA
Finance Analyst II, LACERA
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Job Description
POSITION INFORMATION
TYPEOFRECRUITMENT:Open Competitive Job Opportunity
EXAMINATION INFORMATION:Examination NumberY Job Bulletin Number 25-15
FILING START DATE: Online applications will be accepted starting Monday June 30 2025 at 1:00 p.m. (PST). This examination will remain open until a sufficient number of qualified applicants are received and may be suspended at any time.
COMPENSATION: $11997.08 - $18158.51 Monthly. This position is subject to the provisions of LACERAs Management Appraisal and Performance Plan (MAPP).
BENEFITS:LACERA offers a comprehensive benefits package including a cafeteria benefit plan (14.5% - 17% of monthly base salary) annual leave defined benefit retirement plan Savings Plan (401k) Deferred Compensation Plan (457) 13 paid holidays per year savings plan tuition reimbursement hybrid work schedule and a ride share program.
The Los Angeles County Employees Retirement Association (LACERA)administers and manages the $82 billion retirement fund for the County of Los Angeles. We provide retirement disability and death benefits to eligible County Employees and their Beneficiaries and collect deposit invest and manage retirement funds collected from the County Outside Districts and County Employees. LACERA is one of the largest county retirement associations in the United States with over 194000 members. Our Membership is comprised of individuals from a diverse range of careers age groups and ethnicity - all contributing to the greater welfare of Los Angeles County. LACERA also manages the $4.5 billion OPEB Master Trust whose purpose is to pre-fund OPEB Program medical dental and vision benefits for participating employers.
LACERA is located in Gateway Plaza at 300 North Lake Avenue in the beautiful City of Pasadena. The building is easily accessible from the Foothill Freeway (210) and the Metro Lake Station. We offer convenient free parking for staff members in our secure structure adjacent to the building in addition to a robust rideshare program providing commuting alternatives such as ride-matching vanpool carpool parking services and more. Prioritizing health well-being and sustainability Gateway Plaza is a Class A office building LEED Gold Certified and EPA Energy Star Certified. With a Walkability Score of 91 LACERA staff members easily enjoy the approximately 150 shops food and dining options that makeup the popular South Lake Avenue District.
Our members dedicate their careers contributing to the welfare of Los Angeles County. For their service the County contributes to their promised benefits and LACERA is dedicating to serving them in return throughout their career and their life afterwards.
Our Core Values: I ACT (Integrity Inclusivity Innovation Accountability Collaboration and Transparency) serve as our cultural guide and foundation in meeting our mission. As a member-focused government agency we abide by our core values to ensure the publics trust operate efficiently and cost effectively and provide our members with their promised benefits.
ABOUT THE POSITION:The Investments Division at LACERA encompasses a diverse array of asset classes including Public Equities Private Equity Real Assets (Infrastructure and Natural Resources) Real Estate Fixed Income Hedge Funds Credit Direct Investments (Private Markets) Portfolio Analytics (Risk Management) and Corporate Governance Stewardship (Environmental Social and Governance).
The Finance Analyst II LACERA position reviews analyzes and makes recommendations on the administration and management of LACERAs investment portfolio. Positions allocable to this classification work under the administrative and technical direction of a Finance Analyst III LACERA and/or a Senior Investment Officer LACERA who has immediate responsibility for an asset class of LACERAs investment portfolio such as Fixed Income Real Estate Equities or Alternative Assets.
Depending upon the asset class or category to which the incumbent is assigned the work involves evaluating and monitoring current contract investment management companies performance assisting in the preparation of Requests for Proposals (RFPs) evaluating RFP responses conducting site inspections of LACERA owned property assisting in the preparation of reports to the Board of Investments and assisting in determining asset allocations to contract management companies.
This position is exempt as defined by the Fair Labor Standards Act and is not eligible for overtime. This position may require working evenings weekends and holidays.
VACANCY INFORMATION:There are three (3) current vacancies located in the Credit and Risk Mitigation Private Equity and Portfolio Analytics sections of the Investments Office. The resulting eligible register for this examination may be used to fill current and future vacancies throughout the Investment Division as they occur.
The Credit and Risk Mitigation team is responsible for the design implementation and oversight of credit investment grade bond and hedge fund portfolios. Key functions include investment monitoring and operations preparing analyses and presentations researching markets and investment strategies and conducting investment due diligence.
The Private Equity team is responsible for the design implementation and oversight of the private equity portfolio. Key functions include sourcing evaluating and recommending investment opportunities as well as investment monitoring and operations. The team ensures alignment with LACERAs strategic objectives outlined in the Growth functional asset category.
The Portfolio Analytics team is responsible for total Fund risk management performance measurement compliance operations and reporting for both the Pension and OPEB Trust. PA also is responsible for the investment oversight of the OPEB Trust cash management and cash overlay programs for both total Funds.
Additional information on the Pension and OPEB portfolios as well as each of the asset categories can be found in the Fund Reports section of LACERAs website:Fund Reports LACERA.
Certification Bonus:Any permanent full-time employee working in this classification possessing a valid Chartered Financial Analyst (CFA) certification issued by the CFA Institute is entitled to a Certification Bonus equal to two (2) salary schedules (approximately 5.5%) as provided by the Los Angeles County Step Pay Plan.
Work Schedule:This position works a 5/40 schedule (e.g. an eight (8) hour day Monday through Friday) for at least the first six (6) months of employment. The Investment Team currently works a hybrid work model with all staff members in the office two (2) days per week (generally Monday and Wednesday) and the third Thursday of every month and as organizational needs require for instance if additional meetings are scheduled from time to time. Staff members have the flexibility to work from home or at the office on other days. LACERAmay revise the hybrid work model at its discretion as circumstances warrant.
EXAMPLES OF ESSENTIAL JOB FUNCTIONS
To view the complete job description for this classification please see link below:
REQUIREMENTS
A Bachelors degree from an accredited college or university in Finance Economics Business Administration or a related field ANDTwo (2) years responsible investment management experience assisting in the continuing supervision and review of an extensive investment program for a large financial institution or governmental agency. An additional two (2) years of the required experience may be substituted for a college degree.
-OR-
A Masters degree in Business Administration or related field.-OR-
Two (2) years experience at the level of Los Angeles Countys position of Finance Analyst I LACERA.
OTHER REQUIREMENTS: Applicants must be able to perform the essential functions of this classification with or without reasonable accommodation.ADDITIONAL INFORMATION
- DESIRABLEQUALIFICATIONS
The ideal candidate will possess experience:- Conducting investment manager due diligence including portfolio fit and optimization of risk-adjusted performance.
- Monitoring external investment managers for contractual compliance investment performance and conformance withguidelines.
- Assisting in the negotiation of terms with investment managers and/or other third-party service providers to promote alignment of interests and improve the expected outcomes for the total fund.
- Preparing visually effective presentations to inform a decision-making process and assisting with the delivery of presentations to a decision-making body such as a Board Committee and/or Executive Management.
- Collaborating with colleagues consultants investment managers and stakeholders on cross asset class project teams.
- Participating in asset class investment committees contributing to investment recommendation discussions and insights into the execution of strategic asset allocation.
- Assisting with research on investment management strategy and structure according to established goals and guidelines.
To receive credit for the above desirable qualifications your application mustclearly describe your experience.
Knowledge of: comprehensive understanding of financial markets various investment strategies asset classes and portfolio management techniques; principles and practices of research and analysis; verbal and written communication skills for presenting findings and engaging with stakeholders.
Ability to:Efficiently analyze and interpret information drawing meaningful insights and conclusions; take action and focus on achieving results; pay attention to detail to ensure accuracy and thoroughness in the research and reporting of analytical work; think critically and logically to evaluate information and make well informed decisions that support analytical work and conclusions; develop and maintain strong working relationships with internal and external staff; effectively collaborate with colleagues consultants investment managers management and other stakeholders to accomplish shared goals and objectives; communicate clearly and effectively both verbally and in writing; prepare and assist with delivery of presentations to Investment Committees and other audiences.
EXAMINATIONCONTENT
The examination process will consist of an evaluation of Training and Experience based on application information and supplemental questionnaire weighted at 100%.APPLICANTSMUST MEET THE MINIMUM REQUIREMENTS ANDACHIEVEAPASSINGSCOREOF 70ORHIGHERON WEIGTED PART(S) OFTHEEXAMINATIONINORDERTOBEPLACED ON THE ELIGIBLE REGISTER.
Passing this examination and being placed on the eligible register does not guarantee an offer of employment.
Those candidates which are determined eligible for hire under the Los Angeles Countys Civil Services Rules may be invited to the selection process which may be comprised of a selection interview(s) and/or job-related assessment(s).
EXAMINATIONNOTIFICATIONSAll notifications including invitation letters will be sent electronically to the email address provided on the application. It is important that you provide a valid email address.Please add and to your email address and list of approved senders to prevent email notifications from being filtered as spam/junk/clutter mail.Test scores/results cannot be given over the telephone.DO NOT select Off under Email Preferences within your profile or click Unsubscribe on our notices if you would like LACERA to notify you regarding your application status test schedules and other important information pertaining to your candidacy for this position.LACERA will not consider claims of not viewing or receiving notification to be a valid reason for late test administration or rescheduling of a test component.Please note if you opt out of receiving emails you can visit log into your profile and check your inbox. The inbox retains a copy of all emails sent for your records. To ensure that our emails are filtered into your junk or bulk folder please add and to your list of trusted senders.
ELIGIBLEINFORMATIONThe names of candidates receiving a passing grade will be placed on the eligible register in the order of their score group for a period of twelve (12) months following the date of promulgation.
APPLICATIONANDFILINGINFORMATIONApplication must be submitted online.The followingMUSTbe attached during the submission of your online application:
- A cover letter with your contact information telephone number and email address
- A resume detailing your education work experience and qualifications
- If applicable a copy of college degree or official and/or unofficial transcripts as indicated in the Education Information section of this bulletin.
Applicants can check the status of their applications at any time by logging into their account on.The acceptance of an employment application depends upon whether or not an applicant has provided adequate information that clearly demonstrates meeting the Minimum Requirements for the position as stated above. Please complete the application and supplemental questionnaire thoroughly and completely. The information provided in the supplemental questionnaire must be reflected in the application to be considered. Failure to provide complete information on the employment application and on the supplemental questionnaire will impact on the assessment of an applicants qualifications and acceptance in the selection process.
Applications submitted without the complete work history and the supplemental questions completed in their entirety will be rejected as incomplete. See application or See resume or copy and paste of work experience is not sufficient or qualifying responses.
Resumeswillnotbeacceptedinlieuofthecompletedapplicationorsupplementalquestionnaire.
EDUCATION:
In the space provided for education include the names and addresses of schools attended and number of credits degree and/or certificate(s) earned.
In order to receive credit for any college course work or college degree such as an Associate Bachelor Master Doctorate degree or for completion of a certificate program you must include a legible copy of the official diploma official and/or unofficial transcripts or an official letter from the accredited institution which shows the area of specialization or official certificate(s) at the time of filing or within ten (10) business days from application submission date.
Applicants must provide the appropriate attachments during the application submission email the documentation towithin ten (10) business days of filing. Failure to provide the appropriate documentation may result in your application being rejected as incomplete and will be removed from consideration.
Accreditation Information:Accredited institutions are those listed in publications of regional national or international accrediting agencies. Publications such as American Universities and Colleges and International Handbook of Universities are acceptable references. Also acceptable if appropriate are degrees that have been evaluated and deemed to be equivalent to degrees from United States accredited institutions by an academic credential evaluation agency recognized by The National Association of Credential Evaluation Services (NACES) or the Association of International Credential Evaluators Inc. (AICE)Applicants must provide the appropriate attachments during application submission email the documentation towithin five (5) business days of filing. Please include the examination title and number on the documentation.Failure to provide the appropriate documentation may result in your application being rejected as incomplete and will be removed from consideration.Work Experience:Your employment history should be listed in order beginning with the most recent.
For each job held provide the name and address of your employer your job titles beginning and end dates description of work performed salary earned and reason for leaving.
If you have worked in more than one position for one employer please list each job title and/or area of assignment separately to demonstrate your experience in various assignments/occupational areas.
Part-time experience will be evaluated based on its fractional equivalent of a 40-hour workweek. All required experience must be paid.
TO APPLY ONLINE GO TO: and click on the Careers link or emailed or hard copy (paper) applications will not be accepted.
COMPUTER AND INTERNET ACCESS AT PUBLIC LIBRARIESFor candidates who may not have regular access to a computer or the internet applications can be completed on computers at public libraries throughout Los Angeles County.Candidate(s) who complete examination process with acceptable results will be considered by the Department hiring authority. Upon a conditional offer of employment a comprehensive background investigation will be conducted which includes verification of experience and/or education credit history and fingerprinting through the California Department of Justice and the Federal Bureau of Investigation.IMPORTANT NOTE:Please note that all information included in the application materials is subject to VERIFICATION at any point during the examination and hiring process including after an appointment has been made. FALSIFICATION of any information may result in DISQUALIFICATION or RESCISSION OF APPOINTMENT. Utilizing verbiage from the Classification Specification Minimum Requirements and/or Desirable Qualificationsserving as your description of duties WILL NOT be sufficient to demonstrate that you meet the requirements. Doing so may result an INCOMPLETE APPLICATION and you may be DISQUALIFIED. Applications may be rejected at any stage of the examination process.Failure to provide complete information on the employment application and on the supplemental questionnaire will impact the assessment of an applicants qualifications and acceptance in the selection process.
Applications submitted without the complete work history and the supplemental questions completed in their entirety will be rejected as incomplete. See application or See resume or copy and paste of work experience is not sufficient or qualifying responses.
SPECIAL INFORMATION
Fair Chance Initiative for Hiring Ordinance (FCIHO)
LACERA is a Fair Chance employer. Except for a very limited number of positions you will not be asked to provide information about a conviction history unless you receive a contingent offer of employment. LACERA will make an individualized assessment of whether your conviction history has a direct or adverse relationship with the specific duties of the job and consider potential mitigating factors including but not limited to evidence and extent of rehabilitation recency of the offense(s) and age at the time of the offense(s). If asked to provide information about a conviction history any convictions or court records which are exempted by a valid court order do not have to be disclosed.
Requests for Accommodation:
Teletype Telephone:
Department Contact Name:Lucy Alvarez-Nunez at or Tila Luong at
Department Email:
Any language contained in the job posting supersedes any language contained below.
Your Responsibilities:
1.Completing Your Application:
a. Before submission of the application it is your responsibility to ensure that all information provided is correct and complete on the application. Incomplete applications cannot be accepted.
b. List each payroll title separately for each job. Do not group your experience. Specify the beginning and ending dates for each job. If you are a Los Angeles County employee and have held multiple positions do NOT list all of your time with the County under your present payroll title.
c. To receive credit include required documents (e.g. copy of your diploma transcript certificate or license) as directed on the job posting. International degrees in a foreign language must be translated to English and evaluated for equivalency to U.S. standards. Refer to the job posting for specific deadlines for supporting documentation.
2.Requirements on Job Posting:
a. Your application will only be accepted if it clearly shows you meet the requirements. The information you give will determine your eligibility and is subject to verification at any time.
b. You must be at least 16 years of age at the time of appointment unless other age limits are stated on the job posting. The Federal Age Discrimination in Employment Act (ADEA) of 1967 as amended prohibits discrimination on the basis of age for any individual age 40 or older.
c. Experience is evaluated on the basis of a verifiable 40- hour week unless specified otherwise. Prorated part-time experience may be acceptable.
3.Application Deadline: All job applications must be completed and submitted before the closing time on the last day of the filing period as indicated on the job posting unless other instructions are provided. Job postings with an open continuous filing period are subject to closure without prior notice. It is to your advantage to file your application early and not wait until the last allowable date and time as you will not be able to apply once the filing period has closed.
4.Change of Name or Address: To change personal information such as your name or address log into your profile onand make the necessary change. This can be done at any time.
5.Equal Employment Opportunity/Non-Discrimination Policy:
a. It is the policy of the The Los Angeles County Employees Retirement Association (LACERA) to provide equal employment opportunity for all qualified persons regardless of race color religion sex national origin age sexual orientation disability or any other characteristic protected by state or federal law. b. If you are an individual requesting reasonable accommodation(s) in the examination process please contact the testing accommodation coordinator listed on the job posting. The provision of accommodation(s) may be subject to verification consistent with state and federal law. All accommodation-related information will remain confidential.
Disclaimer: The Los Angeles County Employees Retirement Association (LACERA) is not responsible or in any way liable for any computer hardware or software malfunction that may affect the employment application or the application selection process.
You assume all responsibility and risk for the use of this system and the Internet generally. This system and the information provided on it are provided on an as is and as available basis without warranties of any kind either express or implied. No advice or information given by LACERA or its respective staff members shall modify the foregoing or create any warranty.
LACERA expressly disclaims any warranty that the information on this system or on the Internet generally will be uninterruptible or error free or that any information software or other material accessible from the system is free of viruses or other harmful components. You shall have no recourse against the LACERA as the system provider for any alleged or actual infringement of any proprietary rights a user may have in anything posted or retrieved on our system.
LACERA shall not be liable for any direct indirect punitive incidental special or consequential damages arising out of or in any way connected with the use of this system or with the delay or inability to use it (or any linked sites) or for any information obtained through this system or otherwise arising out of the use of this system the Internet generally or on any other basis.
NOTE: Your application is submitted using Secure Encryption to ensure the privacy of all information you transmit over the Internet.
By accepting the Use Disclaimer set forth herein you agree to all of the above terms and further agree to use this Online Job Employment Application System only for the submission of bona fide employment applications to the County of Los Angeles. Any other use of this Online Job Employment Application System including without limitation any copying downloading translating decompiling or reverse engineering of the system data or related software shall be a violation of the Use Disclaimer.
Veterans Credit: In all open competitive examinations a veterans credit of 10 percent of the total credits specified for such examinations will be added to the final passing grade of an honorably discharged veteran who served in the Armed Forces of the United States under any of the following conditions: During a declared war; -or- During the period April 28 1952 through July 1 1955; -or- For more than 180 consecutive days other than for training any part of which occurred after January 31 1955 and before October 15 1976; -or- During the Gulf War from August 2 1990 through January 2 1992; -or- For more than 180 consecutive days other than for training any part of which occurred during the period beginning September 11 2001 and ending on August 31 2010 the last day of Operation Iraqi Freedom; -or- In a campaign or expedition for which a campaign medal or expeditionary medal has been authorized and awarded. Any Armed Forces Expeditionary medal or campaign badge including El Salvador Lebanon Grenada Panama Southwest Asia Somalia and Haiti qualifies for credit.
A campaign medal holder or Gulf War veteran who originally enlisted after September 7 1980 (or began active duty on or after October 14 1982 and has not previously completed 24 months of continuous active duty) must have served continuously for 24 months or the full period called or ordered to active duty.
This also applies to the spouse of such person who while engaged in such service was wounded disabled or crippled and thereby permanently prevented from engaging in any remunerative occupation and also to the widow or widower of any such person who died or was killed while in such service. A DD214 Certificate of Discharge or Separation from Active Duty or other official documents issued by the branch of service are required as verification of eligibility for Veterans preference. Applicants must submit the documentation for each open competitive exam to qualify for veterans credit. More information available at: Information: Accredited institutions are those listed in the publications of regional national or international accrediting agencies that are accepted by the Department of Human Resources. Publications such as American Universities and Colleges and International Handbook of Universities are acceptable references. Also acceptable if appropriate are degrees that have been evaluated and deemed to be equivalent to degrees from United States accredited institutions by an academic credential evaluation agency recognized by The National Association of Credential Evaluation Services or the Association of International Credential Evaluators Inc. (AICE).
Background Check: LACERA is a Fair Chance employer. Except as otherwise permissible under applicable laws you will not be asked to provide information about a conviction history unless you receive a conditional offer of employment. LACERA will make an individualized assessment of whether your conviction history has a direct or adverse relationship with the specific duties of the job and will also consider potential mitigating factors including but not limited to evidence and extent of rehabilitation recency of the offense(s) and age at the time of the offense(s). If asked to provide information about a conviction history any convictions or court records which are exempted by a valid court order do not have to be disclosed.
Benefit Information: Depending on the position the successful candidate will enroll in a contributory defined benefit pension plan if the candidate is a new member of the Countys defined benefit plan (LACERA) on or after January 1 2013 (first employed by the County on or after December 1 2012) unless she or he established reciprocity with another public retirement system in which she or he was a member before January 1 2013. It should be noted that County employees do not pay into Social Security but do pay the Medical Hospital Insurance Tax portion of Social Security at a rate of 1.45%. The Los Angeles County Employees Retirement Association (LACERA) has reciprocal agreements with several public retirement systems in California.
Americans with Disabilities Act of 1990: All positions are open to qualified persons. Pursuant to the Americans with Disabilities Act of 1990 persons with disabilities who believe they need reasonable accommodation or help in order to apply for a position may contact the ADA/Personnel Services for Disabled Persons Coordinator. Hearing impaired applicants with telephone teletype equipment may leave messages by calling the teletype phone number on the job posting. The County will attempt to meet reasonable accommodation requests whenever possible.
Equal Employment Opportunity: It is the policy of the Los Angeles County Employees Retirement Association to provide equal employment opportunity for all qualified persons regardless of race religion sex national origin age sexual orientation disability or any other characteristic protected by state or federal law. All positions are open to qualified men and women pursuant to the Americans with Disabilities Act of 1990 and the California Fair Employment and Housing Act. The County will comply with all of its obligations under State and Federal laws regarding the provision of reasonable accommodations to applicants.
Los Angeles County Child Support Compliance Program: In an effort to improve compliance with court ordered child family and spousal support obligations certain employment and identification information (i.e. name address Social Security number and date of hire) is regularly reported to the State Directory of New Hires which may assist in locating persons who owe these obligations. Family Code Section 17512 permits under certain circumstances for additional employment and identifying information to be requested. Applicants will not be disqualified from employment based on this information.
Social Security Act of 2004: Section 419 (c) of Public Law 108-203 the Social Security Protection Act of 2004 requires State and local government employers to disclose the effect of the Windfall Elimination Provision and the Government Pension Offset Provision to employees hired on or after January 1 2005 in jobs not covered by Social Security. The County of Los Angeles does not participate in the Social Security System. All newly hired County of Los Angeles employees must sign a statement (Form SSA-1945) prior to the start of employment indicating that they are aware of a possible reduction in their future Social Security benefit entitlement. For more information on Social Security and about each provision you may visit the website or call toll free. Persons who are deaf or hard of hearing may call the TTY number 1- or contact a local Social Security office.
Employment Eligibility Information: Final appointment is contingent upon verification of U.S. citizenship or the right to work in the United States. Immigration law provides that all persons hired after November 6 1986 are required to present original documents to the County within three (3) business days of hiring which show satisfactory proof of 1) identity and 2) U.S. employment eligibility.
The California Fair Employment and Housing Act(Part 2.8 commencing with Section 12900 of Division 3 of Title 2 of the Government Code) the Regulations of the Fair Employment and Housing Commission (California Code of Regulations Title 2 Division 4 Sections 7285.0 through 8504) and other applicable laws prohibit employment discrimination based on an applicants protected characteristics including race color religion national origin ancestry physical disability mental disability medical condition marital status sex sexual orientation age pregnancy childbirth and other characteristics.
Updated August 2024
Required Experience:
IC
Employment Type
Full-Time
