Thursday, 28 August 2014
Last updated 6 hours ago
Apr 12 2012 | 8:06am ET
Wanted: Experienced chief financial officer to oversee $235 billion pension fund.
The California Public Employees’ Retirement System says the ideal candidate for the newly created CFO position will possess “at least 10 years of experience managing complex financial operations, including financial analysis and financial reporting, risk management, budgeting and cash management.”
The fund also wants someone with a “strong understanding of the capital markets and economic factors that can affect an organization’s long-term strategic plan. A degree in accounting, finance, economics or a closely related field is needed, as well as professional certification such as a CPA or CFA.”
The CFO will be responsible for managing the finance processes for the pension, including budgeting, accounting, cash management and financial planning and analysis. The successful candidate will be part of the pension’s executive leadership team, advise the board of administration, oversee enterprise risk management projects and report to the fund’s chief executive officer, Anne Stausboll.
“We established this position at CalPERS to ensure we maintain a high level of transparency and internal controls in our financial operations,” said Stausboll. “Our CFO will be the single point of coordination for financial and risk-related activities across our organization.”
CalPERS has retained Heidrick & Struggles, an executive search firm, to conduct the global search.
Interested candidates can find out more at the CalPERS web site.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...