April 11, 2012
External Affairs Branch
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
CalPERS Launches Search for Chief Financial Officer
SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) is looking for an experienced Chief Financial Officer (CFO) who will oversee the financial and risk management operations of the $235 billion pension fund.
This newly created CFO position will be responsible for managing the finance processes for CalPERS, including budgeting, accounting, cash management, and financial planning and analysis. The successful candidate will also oversee CalPERS Enterprise Risk Management projects. The CFO will be part of CalPERS executive leadership team, provide expert consultation and advice to the CalPERS Board of Administration, and report to the pension 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.
Ideal candidates will possess at least 10 years of experience managing complex financial operations, including financial analysis and financial reporting, risk management, budgeting and cash management.
CalPERS is also looking for 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.
“CalPERS is a dynamic organization that requires a collaborative individual who’s a good communicator and who is effective with a diverse set of stakeholders and constituencies,” said Stausboll.
Candidates interested in the CalPERS CFO position can learn more about the position and how to apply on the CalPERS website at www.calpers.ca.gov. Go to “About CalPERS” and “Career Opportunities.” View the full recruitment announcement.
CalPERS, with assets of approximately $235 billion, is the largest public pension fund in the U.S. It administers retirement benefits for more than 1.6 million California state, local government, and public school employees, retirees, and their families on behalf of more than 3,000 public employers, and health benefits for more than 1.3 million enrollees. The average CalPERS pension benefit is $2,332 per month. The average benefit for those who retired in the most recent fiscal year that ended June 30, 2011, is $3,065 per month.