POSITION SUMMARY:

Spider Management Company, LLC (SMC), is a registered investment advisor located in Richmond, Virginia. Founded in 2001, SMC provides investment management services to Endowments and Foundations, one of which is the University of Richmond. Spider presently manages the $2.4 billion Endowment of University of Richmond and $2.1 billion of assets for 29 other Endowments and Foundations. Spider provides an absolute return utilizing both alternative and traditional asset classes.

Spider’s analyst program is anticipated to be three years in length and is intended to prepare the appropriate candidate for a career in the asset management industry. As generalists on the investment team, the primary function of the analysts is to provide analytical and research support across the portfolio. This broad exposure across asset classes, investment strategies and geographies, and operational due diligence is designed to provide the candidate with a holistic understanding of the asset management industry. As the analysts move through the program, they will be expected to train and mentor incoming analysts as well as take a greater role in manager sourcing and due diligence. At the end of year three, our hope would be for the analysts to leave with a sense of where the next step in their careers should be, and have built a network and deep knowledge in that space.

RESPONSIBILITIES:

The Investment Analyst will become familiar with all aspects of the investment process and Spider Management Company’s business. The candidate will be involved in manager sourcing and due diligence (both investment and operational), monitoring current holdings, periodic reporting (for both internal and external review) as well as other tasks for the operations and investor relations teams as needed.

Key responsibilities include:

Portfolio Monitoring

• Monitor exposures across the private and public portfolio’s
• Review performance of existing portfolio managers
• Regular correspondence with managers, including travel for annual meetings, participating in quarterly calls, traveling to their offices etc…
• Maintain databases and issue monthly/quarterly reports across the firm
• Build models to assess manger performance
• Evaluate co-investment opportunities
• Provide general support to the entire investment process

Manager Sourcing

• Conduct initial meetings with inbound managers
• Maintain regular correspondence with managers in the pipeline
• Assist in analytical due diligence for prospective managers
• Assist with investment memo’s

Market Research

• Keeps up to date with geopolitical developments and current events that can affect the markets and our underlying managers
• Monitors the financial news using media sources;
• Conducts industry/country studies

Investor Relations/Operations

• Assist when appropriate with operational due diligence
• Help create materials for the investor relations team
• Liaise for investment team during firm-wide projects
• Perform a wide variety of tasks on an as needed basis

QUALIFICATIONS:

• Proficiency in Microsoft Office products, including advanced Excel skills required
• Ability to multi-task and work independently
• Communications skills, both written and oral
• Fully developed quantitative and analytical skills
• Detail oriented and extremely proactive
• Self-starter
• Self-motivated and process a high level of professionalism and integrity
• Cooperative attitude – must be a team player
• Ability to work on concurrent projects and prioritize accordingly
• Ability to meet challenging deadlines while maintaining a high degree of quality and accuracy
• Interest and commitment to not-for-profit investment management
• Ability to travel

EDUCATION & EXPERIENCE:

• University of Richmond graduates
• B.A. or B.S. in Business/Finance field with strong quantitative background
• University of Richmond faculty referral
• Must have excellent academic credentials
• Must be willing to complete CFA designation- sponsored by Spider Management Company
• Must adhere to Spider Management Company’s Code of Ethics policy

WORK HOURS:

• Full-time exempt position
• Monday – Friday; 8:30 am – 5:00 pm
• Flexibility to work evenings and weekends based on need

ABOUT UR:

At the University of Richmond, we’re creative, inclusive, and determined. We’re Spiders, and our mission is to create positive change in the UR community and beyond. Located minutes from downtown Richmond, Virginia, the University of Richmond (www.richmond.edu) blends the intimacy of a small college with exceptional academic, research, and cultural opportunities usually found only at large institutions. There’s only one place like Richmond.

UR is committed to developing a diverse faculty, staff and student body, and to modeling an inclusive campus community which values the expression of differences in ways that promote excellence in teaching, learning, personal development and institutional success. In keeping with this commitment, our academic community welcomes candidates from diverse backgrounds and candidates who support diversity. EOE