Los Angeles County Employees Retirement Association (LACERA) administers and manages the retirement fund for the County of Los Angeles. Based in Pasadena, California, it is the largest county retirement system in the United States, with approximately $56.6 billion in assets, serving 171,800 members and more than 64,800 benefit recipients. The CEO reports to the Board of Retirement and the Board of Investment and is responsible for the strategic direction, planning and leadership of LACERA which has a current administrative budget of $94.6 million and a staff of approximately 440 individuals from diverse backgrounds.
As advisor to the Boards, the CEO makes recommendations on all matters pertaining to LACERA, assures Board orders and requests are implemented, and cooperates with and acts as liaison between the Boards, the staff, member organizations, employers, government departments, agencies, and other legislative and executive bodies, and the public. The CEO works closely with LACERA’s plan sponsor, the County of Los Angeles, as well as other stakeholders throughout the County. The top priorities for the CEO are (1) to produce, protect and provide the benefits that were promised to LACERA’s members and their beneficiaries and (2) to promote the importance of public pension funds.
LACERA’s Governing Boards are seeking a patient listener and excellent communicator with a positive track record of aligning others around a common mission to serve as their Chief Executive Officer. This individual will have the ability to make difficult decisions and stand by them and will be skilled at turning Board priorities into actionable items. They will be adept at leading, motivating and supporting employees and implementing well-thought-out organizational change to drive continuous improvement.
The successful candidate will be firmly committed to carrying forward LACERA’s mission to promote diversity, equity and inclusion. Moreover, the incumbent will be dedicated to maintaining a system in which employees and members feel valued and respected. The selected candidate will ensure that the organization continues to provide excellent customer service.
A Bachelor's degree in Public Administration, Business Administration, Finance, Economics, or a related field from an accredited college or university AND five (5) years senior leadership or executive level management experience OR ten (10) years senior leadership or executive level management experience. Prior executive level experience in a public pension system may be advantageous, but is not required. Superior leadership skills are essential.
A Master's degree in Public Administration, Business Administration, Finance, Economics, or a related field from an accredited college or university may substitute for one year of the required experience.
Applications will be reviewed as they are received. Individuals with a strong interest in this opportunity are encouraged to apply on-line at www.allianceRC.com by Wednesday, September 11, 2019. Preliminary interviews will be conducted the week of September 23, 2019. A complete background and employment history check will be performed for all finalist candidates.
For questions and inquiries, please contact Cindy Krebs at firstname.lastname@example.org or 562-901-0769.