This newly created CFO position will be responsible for managing the finance processes for the $235 billion pension fund, 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 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.
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