The University of Rochester is one of the country's top-tier research universities. Our 158 buildings house more than 200 academic majors, more than 2,000 faculty and instructional staff, and some 9,300 students - approximately half of whom are women.
Learning at the University of Rochester is also on a very personal scale. Rochester remains one of the smallest and most collegiate among top research universities, with smaller classes, a low 9:1 student to teacher ratio, and increased interactions with faculty.
Location: Central Admin-Sr VP Inst Res
Full/Part Time: Full-Time
Regular/Temporary: Regular
Opening
Full Time 40 hours Grade 098 Ofc of Sr VP-Institu Resources
Schedule
8 AM-5 PM
Background
The Investment Officers of the University work in a highly collaborative "generalist" environment to identify, recommend and monitor firms responsible for investing the University’s endowment and other funds. Investment Officers report to the Senior Vice President for Institutional Resources (the University's Chief Investment Officer) and support the Investment Committee of the Board of Trustees in structuring and implementing the investments of the University's endowment.
The Investment Officers, as a team, also insure that appropriate guidelines, risk management and other controls are in place and followed, and assist in many aspects of the operation and management of the University's investment programs.
Position Responsibilities
Investment Officers help to develop, recommend and implement techniques and strategies to enhance the investment performance of the University's endowment. Specific responsibilities include:
- Proactively develop and maintain networks within the investment community and educational endowments to help the University stay ahead of developing investment opportunities.
- Form opinions on existing investment firms and identify potential replacements.
- Monitor and evaluate portfolio objectives and asset allocation.
- Organize and conduct due diligence on existing and potential managers, which may be in coordination with a consultant.
- Participate in the interviews and diligence of managers recommended by other investment officers within the Investment Office.
- Prepare written recommendations for the Investment Committee (the ability to clearly and concisely communicate recommendations in writing is essential). Present and discuss recommendations at quarterly Investment Committee meetings.
- Review correspondence and reports from managers and other sources, entering commentary in the Investment Office research system for evaluation by the CIO and discussion with the Investment Officers as needed.
- Monitor execution of fund strategy by investment advisors and follow up on significant issues or changes.
- Monitor forward calendar of new funds expected to be raised by existing or targeted managers.
- Arrange for presentations by existing and prospective managers to the investment staff and/or the Investment Committee.
- Discuss at monthly internal investment committee meetings performance of investment firms.
- Travel to visit investment managers and to attend annual meetings or conferences.
Qualifications
The successful candidate ideally will possess ten to fifteen years experience and a record of achievement overseeing investment activities at an endowment, foundation, plan sponsor, insurance company, family office, pension, consulting or asset management firm. A track record of locating and managing a broad range of successful investments, both traditional and alternative, is a significant plus.
Additional desired qualifications include:
- Ability to assist in developing investment policies and asset allocation models.
- Familiarity with risk management techniques.
- Direct experience as an institutional investor (LP) in alternative investments.
- Experience with international public and private investments.
- Understanding the technical, legal and operational aspects of institutional investing, ideally developed within a not-for-profit organization.
- Unquestioned integrity, common sense, superior intellectual capabilities and the personal qualities needed to foster a collegial, team effort in the Investment Office.
- Experience working with a volunteer investment committee.
- MBA and/or CFA designation.
How To Apply
All applicants must apply online.
Please include cover letter as first page of your resume document when loading the resume into the system.
For those revisiting their application and wishing to load a cover letter: Sign in to your applicant account. In the “My Career Tools” box click “# Cover letters and Attachments” and then “Add Attachment”.
The University of Rochester is an Equal Opportunity Employer.