Managing Director

Department/Agency of position: 
Orange County Employees Retirement System Investments Department
Location of position: 
Santa Ana, CA
$133,245.00 – $232,050.00
Date Posted: 
Thursday, August 16, 2018
Closing Date: 
Friday, September 14, 2018
Job Description: 

The Orange County Employees Retirement System (OCERS) is now accepting on-line applications. This recruitment is open to the public and will remain open until the Managing Director vacancy is filled. Applications will be accepted on a continuous basis until the needs of OCERS has been met. Interested applicants are encouraged to apply immediately.


Established in 1944, the Orange County Employees Retirement System (OCERS) provides retirement, death, disability and cost-of living benefits to retirees of the County of Orange and certain County districts. Serving approximately 43,000 members, OCERS is governed by a ten-member Board of Retirement that is responsible for managing a $15.7 billion dollar fund. For more information about OCERS, please click here.

Mission OCERS’ mission is to provide secure retirement and disability benefits with the highest standards of excellence.

Vision OCERS vision is to be a trusted partner providing premier pension administration, distinguished by consistent, quality member experiences and prudent financial stewardship.

  • Values
  • Open and Transparent
  • Commitment to Superior Service
  • Engaged and Dedicated Workforce
  • Reliable and Accurate
  • Secure and Sustainable


The Managing Director position will report directly to the Chief Investment Officer (CIO). This position is responsible for assisting/supporting the CIO in all duties related to the investment of the portfolio, including but not limited to portfolio strategy, manager due diligence, and internal/external communications and reporting. This position is expected to uphold the highest standards of integrity and professionalism, plan sponsor focus and system efficiency. The Managing Director is responsible for the operational infrastructure of the plan in accordance with the County Employees Retirement Law of 1937 and the Board of Retirement’s directives. The Managing Director will lead the operational implementation of OCERS’ investment program strategic vision.

Supervision Exercised

In cooperation with the Chief Investment Officer, the Managing Director will take a leading role in the following performance attributes including but not limited to:

  • Investment portfolio strategy and construction
  • Investment manager due diligence and selection
  • Risk management analytics and reporting
  • Investment Committee communications and education
  • Investment policies, procedures and compliance
  • Personnel management and talent development
  • Internal/external communications
  • Professional network building and continued education


Education and/or Experience

Bachelor’s Degree in Economics, Accounting, Finance, Business or a related field.


Minimum of ten years of progressive work experience with an institutional asset management firm, pension plan, foundation or endowment.


Significant experience with private equity and other private capital/alternative investments is preferred.


Chartered Financial Analyst (CFA) certification is preferred.

Special Notes, Licenses or Requirements:

  • Highly Desirable:
  • Master’s Degree in Business Administration or related field
  • Chartered Alternative Investment Analyst (CAIA) certification
  • Professional licensure as an investment principal or equivalent
  • Prior public pension experience or equivalent experience with an institutional investor of comparable complexity
  • A valid California class C driver’s license or the ability to arrange necessary and timely transportation for field travel.
  • May be required to use personal vehicle.
  • A complete background investigation is required; a felony or misdemeanor conviction may be cause for disqualification.