Associate Portfolio Manager
401 N. Michigan Avenue
65621 Investment Office
About the Unit
Under oversight of the Investment Committee of the Board of Trustees, the Office of Investments is responsible for managing the investment assets of the University. Portfolio assets totaled more than $8 billion at June 30, 2018. The endowment invests in diversified asset classes including global stocks and bonds, real estate, natural resources, private equity, and absolute return strategies. Six functional teams oversee the management of the portfolio--public equities and absolute return, private equity, real assets, risk, strategy, and operations.
The Associate Portfolio Manager assigned to the one of the three asset class teams will perform analysis and monitoring of external investment specialists that currently manage funds for the Investment Office. In addition, he or she will assist with due diligence of potential new investments and perform quantitative and qualitative analysis to determine the relative attractiveness of various investment strategies.
- Provides analysis of current portfolio holdings to the Managing Director and Senior Portfolio Manager.Focuses on manager returns, performance attribution, and underlying holdings and strategies.Evaluates current and projected levels of risk exposure, cash flow, and asset allocation.
- Assists with the evaluation of new investments in the context of current holdings. Performs qualitative and quantitative analysis of a wide variety of investment managers to determine the relative attractiveness of investment strategies. Works with the rest of their asset class team to evaluate the effect of new capital commitments on broader measures of portfolio beta, liquidity, and asset allocation.
- Prepares investment previews and recommendation write-ups for Managing Director's approval, which will be presented to the internal asset allocation committee for approval.
- Assists the Managing Directors with the preparation of periodic reports for both internal and external review. Reports provide in-depth analysis of performance, investment strategy, and portfolio risk profile. These periodic reviews provide the basis for reports provided to the Investment Committee.
- Maintains relationships, evaluates macro-level trends, and participates in meetings and discussions outside of assigned functional team.
- Leads ongoing selected manager monitoring, as directed by Managing Directors.
- Assists the Senior Portfolio Manager in managing due diligence and selection, manager monitoring and portfolio construction within the Global Public Equities, Equity Oriented Hedge Funds and Multi-Strategy Absolute Return portfolios.
- Ensures that portfolio is in line with guidelines, as discussed with the Managing Director
- Provides trade recommendations to Managing Director and Senior Portfolio Manager
- Requires domestic travel and possibly occasional international travel to attend fund manager meetings or industry conferences independently.Specifically, with respect to the Public Markets and Absolute Return group (PMAR)
- Strong analytical, organizational, and communication skills (written and verbal) required.
- Creativity and analytical ability required.
- An interest in portfolio management and institutional investment issues, along with willingness and interest to continually expand their knowledge of the investment process, capital markets and all finance and economic related material required.
- Proficiency in Microsoft Office products, including advanced Excel skills required
- Ability to learn various software programs used by the Office of Investments required.
- Ability to function effectively as a team member and work independently as needed required.
- Thorough professionalism in all technical and non-technical aspects of the position required.
- Ability to work independently.
- Ability to run investment manager monitoring and due diligence meetings.
Education, Experience or Certifications:
- Bachelor's degree required.
- Chartered Financial Analyst (CFA) designation and MBA (Master of Business Administration) degree required.
- Knowledge and skills developed through 4-6 years of work experience in a related job discipline
All required documents must be submitted to be considered for this position
- Cover Letter
- Reference list
NOTE: When applying, all required documents MUST be uploaded under the Resume/CV section of the application.
Depends on Qualifications
Scheduled Weekly Hours
Job is Exempt?
Drug Test Required?
Does this position require incumbent to operate a vehicle on the job?
Health Screen Required?
Remove from Posting On or Before
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