Investment Associate

Job description

Job Title:

Investment Associate

Department:

VP for Investments/Treasurer

Full Time/Part Time:

Full-Time

Requisition Number:

S21138

Open Date:

10/19/2020

Close Date:

11/20/2020

Salary Information:

Salary Commensurate with Experience and Qualifications

Work Schedule:

Monday through Friday, regular business hours with some evenings and weekends as needed.

Benefits Eligible:

Yes

Eligible for Overtime:

No

Position Summary:

The Rice University Endowment is approximately $6 billion and ranks in the top 20 endowments of private research universities (by market value) in the US. The endowment is critical to the university’s ability to achieve its goals. The annual distribution from the endowment funds nearly half of the university’s annual operating budget. The Rice Management Company (RMC) was established October 1, 2009, as a division of Rice University. The goal of the RMC is to provide a stable source of funding for current university operations and to preserve and grow the purchasing power of the endowment to benefit future generations of students. The RMC is responsible for all endowment matters of the university including asset allocation, the selection and termination of investment managers and monitoring performance of the portfolio, and reporting to the Rice Management Company Board of Directors. The endowment primarily utilizes outside investment managers and invests globally across all asset classes.

The investment associate position is a full-time, pre-MBA role. The investment associate will be actively involved in all aspects of investment and manager research for the Rice Endowment. The investment associate will report to the operations director and, ultimately, to the chief investment officer. The generalist role will allow an associate broad exposure across asset classes. Associates must have strong work ethic, attention to detail, quantitative and analytic skills, the ability to work in teams, self-motivation, good written and verbal communication skills, experience with computers, and an interest in investing. This is a two-year term appointment with the possibility of an additional third year extension.

Education Required:

Bachelor's Degree

Substitution for Education Requirement:

Experience may not be substituted for the education requirement.

Experience Required:

2 years

Type of Experience:

Related experience as an analyst at a consulting firm, investment bank, or investment firm.

Substitution for Experience Requirement:

Education may not be substituted for the experience requirement.

Skills Required:

- Fundamental understanding of investment principles and financial metrics
- Strong technical / quantitative skills with demonstrated ability to execute complex financial analysis
- Ability to communicate effectively with senior management and investment professionals
- Proficiency in MS Excel, Word, and PowerPoint
- Ability to work independently with minimal supervision, and on a collaborative basis as part of a team
- Accuracy, attention to detail, ability to multi-task, and organizational skills
- Team orientation and strong interest in supporting the work of a university endowment

Skills Preferred:

- Good written and verbal communication skills
- Strong work ethic and willingness to work until the task is completed successfully
- Self-motivated, passion for learning, desire to learn about investments
- High moral character
- High academic achievement

Internal / External Contacts:

Internal Contacts: The incumbent will have contact with other RMC staffers.
External Contacts: The incumbent will have contact with external investment partners.

Physical Demands:

No unusual physical demands

Working Conditions:

Standard 40-hour work week

Essential Personnel:

Position is not considered essential during a campus emergency.

Rice University Standard of Civility:

Serves as a representative of the University, displaying courtesy, tact, consideration and discretion in all interactions with other members of the Rice community and with the public.

Security Sensitive:

As defined under the Texas Education Code and Rice Policy No. 425, this position is security sensitive and employment in this position is contingent upon the successful completion of a background check.

Quick Link for Posting:

http://jobs.rice.edu/postings/24889

Essential Functions:

- Assists in the monitoring of existing managers of the public and private investments portfolios
- Gathers data for reports and prepare reports for the routine review of asset class level performance
- Provides support to team and assists in the screening and due diligence process for new managers
- Assists with the documentation of manager due diligence process
- Assists with the development of and maintenance of asset class models and databases
- Participates in investment research projects from asset allocation to security level review
- Assists in the preparation of materials for quarterly board meetings
- Provides applicable administrative support to the investment team which includes scanning, filing, meeting preparation, copying documents, creating PowerPoint presentations, and other tasks
- Performs other duties as assigned

 

 

 

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Job No:
Posted: 11/7/2020
Application Due: 11/20/2020
Work Type: Full Time
Salary: