Janice Emery

Work History

Work History
May 2004 - Mar 2009

Director, Trust Investments

Pinnacle West Capital Corporation

Chief investment officer managing over $3 billion of taxable and non-taxable assets including defined benefit pension, 401(k), 401(h), retiree life and medical VEBA, deferred compensation and non-qualified pension plans; nuclear decommissioning trusts and a charitable foundation.  Reported to the company’s Treasurer.  Accomplishments included:• Investment consulting and strategic decision making,• Developing, proposing and securing approval for a liability-driven-investment (LDI) strategy that produced a return of +11.8% in 2008,• Conducting asset/liability, portfolio rebalancing and manager team structure studies that produced average annual returns exceeding the benchmark by 200 basis points for the five years ending December 31, 2008,• Investment manager, transition manager, record keeper, trustee/custodian bank and securities lending agent searches,• Supervision of external investment manager and trust bank relationships,• Assisting with proposals and communications to state and federal regulatory authorities,• Evaluating actuarial valuations,• Determining funding strategies,• Creating investment policies, guidelines and benchmarks,• Serving as a member of the Investment Management and Deferred Compensation Committees,• Developing standardized vendor contracts to improve compliance and enhance risk controls and• Staff training and supervision

Jul 1999 - Nov 2003

Director, Pension Investments

http://www.usairways.com

Chief investment officer managing over $1.6 billion in one Canadian and three US defined benefit plans and over $1.9 billion in US and non-US defined contribution plans.  Reported to the company’s Treasurer.  Assets totaled $5 billion in 2000.  Accomplishments included:• Developing and implementing investment and plan design initiatives including LDI programs,• Evaluating asset/liability and manager team structure studies and actuarial valuations,• Investment manager, transition manager, consultant, custodian bank and securities lending agent searches,• Supervision of external investment manager, trust bank and consultant relationships,• Portfolio rebalancing,• Creating investment policies, guidelines and benchmarks,• Presentations to the Board of Directors and Pension Investment Committee,• Coordinating the termination of a $1.2 billion pension plan and negotiating the transfer of assets to the PBGC,• Plan liquidations and mergers due to acquisitions,• Cash management,• Annual budget preparation,• Pension-related labor negotiations,• Vendor contract negotiations and• Staff training and supervision

Dec 1997 - Jul 1999

Senior Investment Advisor

Pension Benefit Guaranty Corporation

Senior investment officer for two trust funds exceeding $15 billion.  Reported to the agency’s Treasurer.  Accomplishments included: • Developing, evaluating and recommending investment strategies and directing research efforts,• Holdings- and return-based investment manager team analysis and rebalancing,• Investment manager, consultant, custodian bank/securities lending searches,• Overseeing external investment manager, custodian bank and consultant relationships,• Developing investment guidelines and negotiating contracts,• Consulting on defined benefit plan liquidations and• Acting as the team leader of three analysts and supervising two on-site consultants

Dec 1990 - Nov 1997

Investment Analyst and Management Analyst II

Fairfax County Retirement Systems

 Investment Analyst June 1995 - November 1997

Provided investment consulting and administrative services for the Board of Trustees of the $1.8 billion Fairfax County Supplemental Retirement System.  Also provided investment administration services for the Police Officers and Uniformed Retirement Systems (with combined assets of over $1 billion).  Reported to the agency’s Executive Director.   Management Analyst II December 1990 - May 1995 Provided investment analysis, monitoring, and performance reporting for the above-mentioned retirement plans utilizing Wilshire Compass and Vestek software applications, authored research reports, designed and produced customized quarterly performance reports, created and implemented an investment manager search process, developed and instituted procedures and controls and monitored transaction costs, contract compliance and proxy-voting records.

Education

Education

Bachelor of Science degree in Business Administration, Cum Laude

Summary

I am seeking a Chief Investment Officer (plan sponsor, foundation, family office or endowment), investment consultant or client-service representative/client portfolio manager position.  I have over eighteen years of experience managing institutional assets including private equity, real estate, hedge funds and international equity, and extensive experience managing liability-driven-investment (LDI) programs.  In 2008, the pension fund I managed returned +11.8%; one of the best (and perhaps the best) return of any fund in the country.I resigned from Pinnacle West Capital Corporation in March because my husband’s company is relocating us to the New York metropolitan area.  His company is covering the cost of our move and I will not require any compensation for relocation expenses.

Certifications

Certifications

Chartered Financial Analyst

CFA Institute