THIS ANNOUNCEMENT IS A REBULLETIN TO CONTINUE THE FILING FOR THIS EXAMINATION THAT WAS SUSPENDED ON FEBRUARY 12, 2024.
PERSONS WHO PREVIOUSLY APPLIED AND WHOSE APPLICATIONS WERE ACCEPTED NEED NOT REAPPLY, BUT MAY SUBMIT ANY UPDATED INFORMATION OR ADDITIONAL INFORMATION IF THEY WISH VIA EMAIL TO snorton@lacera.com THE INFORMATION MUST INCLUDE THE CORRECT EXAMINATION TITLE AND NUMBER. INDIVIDUALS WHOSE APPLICATIONS WERE NOT ACCEPTED DUE TO INCOMPLETE INFORMATION MAY REAPPLY FOR THIS EXAMINATION.
This examination will remain open until LACERA's hiring needs are met and is subject to closure without prior notice.
TYPE OF RECRUITMENT: Open Competitive Job Opportunity
EXAMINATION INFORMATION: Examination Number: 9-9212-H, Job Bulletin Number: 24-01
COMPENSATION: $11,647.64 - $17,629.66 Monthly
Placement within this salary range depends on qualifications. This position is subject to the provisions of the County's Management Appraisal and Performance Plan (MAPP).
The Los Angeles County Employees Retirement Association (LACERA) administers and manages the $73 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 184,000 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 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 Gold Line 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 are able to easily enjoy the approximately 150 shops, food, and dining options that make up 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 dedicated to serving them in return throughout their career and their life afterwards. If you are interested in being part of this rewarding team, LACERA invites you to apply!
Benefits include a cafeteria benefit plan (14.5%-17% of monthly salary), annual leave, defined benefit retirement plan, Savings Plan (401k), Deferred Compensation Plan (457), 13 paid holidays per year, savings plan, a hybrid work schedule, and a ride share program.
LACERA Mission: To produce, protect, and provide the promised benefits to our members.
LACERA Vision: Empowering our members to enjoy a healthy and secure retirement.
LACERA Values: Accountability, Collaboration, Inclusivity, Innovation, Integrity, Transparency
Our Core Values 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 public's trust, operate efficiently and cost effectively, and provide our members their promised benefits.
ABOUT THE POSITION:
The current vacancy in the Investments Section of the Legal Division is an important position of responsibility in support of LACERA's dynamic and well-regarded investment program, providing advice to investment staff and the Board of Investments, reviewing and negotiating agreements, and analyzing and addressing other complex investment issues relating to LACERA's diversified global portfolio. The Legal Division is comprised of a Chief Counsel, a Legislative Affairs Officer, Senior Staff Counsels, Staff Counsels, Legal Analysts, Legal Secretaries, and will soon add a Director of Compliance. Legal staff work in one of four sections: Litigation, Investments, Benefits, and Disability. This position will be in the Investments Section, reporting to Senior Investments Staff Counsel.
STAFF COUNSEL ROLE:
The Staff Counsel (Investments) position reports to LACERA’s Senior Staff Counsel for Investments and Chief Counsel.
The role of Staff Counsel includes:
Providing investment professionals with legal advice relating to investment transactions, reviewing, drafting, and negotiating documentation for various investment transactions, including private equity, hedge funds, co-investment transactions, real estate, credit, and public markets, supervising outside counsel on investment transactions, legal support on a wide range of transactional matters, drafting memos, policies, and procedures to the Board of Investments, presenting to the Board of Investments, and drafting, reviewing, and negotiating commercial contracts relating to investments.
VACANCY INFORMATION:
The current vacancy is in the Investments Section of the Legal Division. The resulting Eligible Register can be used to fill both current and future vacancies throughout the Legal Division.
Work Schedule: This full-time position is required to work a 5/40 schedule (e.g. an eight (8) hour day, Monday through Friday). LACERA offers a hybrid work environment, and this position may be eligible to telework up to three (3) days per week depending on the needs of the office.