The Investment Officer II works within the $60B Global Fixed Income Group. The analyst will perform fundamental industry and company analysis supporting $15B of Investment Grade and High Yield investments.
Candidates should have the ability to independently analyze, evaluate, and recommend new high yield and/or convertible corporate bond investments in assigned sectors, and monitor the existing fixed income portfolio. Duties include:

• Fundamental credit research analysis of both cash flow and asset coverage, as well as comparative assessment of market value within sectors
• Identification of trends and changes in competitive positions within industries
• Development of analysis models
• Performance of sensitivity analyses to assess pro forma and projected financial performance
• Relative value corporate bond recommendations.

Interested applicants should submit a standard state application(STD 678) and indicate the File # of the job you are applying for on the face of the application. Please forward your completed application and resumé to:
California Public Employees Retirement System
Human Resources Division
400 Q Street, Room 3260
Sacramento, CA 95811
Attention: Kristina Morgan - File #5340/KM