COIN is the State of California’s program to encourage insurance companies to place their capital in financially prudent investments that yield social and/or environmental benefits in low- to moderate income and/or rural communities. Reinvigorating the COIN Program is among the Insurance Commissioner’s top priorities.
COIN is recruiting an investment officer. Well-qualified candidates for the position will have many of the below attributes:
- Expertise in economic development, capital markets and public policy;
- Strong analytical, writing and spreadsheet skills;
- Social media, web design and marketing;
- Familiarity with the following investment types/products: alternative, double- and triple bottom line, clean technology, bonds, equities and cash equivalents;
- Working relationships with Community Development Financial Institutions (CDFIs), emerging fund managers and credit unions; and
- Awareness of supplier diversity stakeholders and such initiatives in the public, private and nonprofit sectors.
The deadline to take the online exam and to apply for the position is October 29, 2011 at 5:00 p.m. PST. Since this is a civil service position, all of the steps outline below must be completed in order to apply. Applications from those with no prior government or civil service employment are also welcome.
Create a “Standard State Application” (form 678) with the State Personnel Board.
Take the “online examination” for “Investment Officer I (CalSTRS)”.
(Note: The Department of Insurance is “borrowing” a CalSTRS civil service classification for this position, and the “minimum qualifications” and “examination questions” are not entirely on-point with the Insurance Department’s position. But completing the examination with a 70% score is a cut-off threshold.
Apply for the job by uploading your official state application, a copy of your resume, and a cover letter describing your qualifications for and interest in the position.