Director of Investments

Employer
Smith College
Location
Smith College
Closing date
Oct 22, 2021

Job Details

Job location: Smith College


Employment Type: Full-time
Posted data: 2021-07-15
Req: R-202100531
FinanceJob Description

Job Summary

Primarily oversee the marketable portfolio of Smith’s $2.5 billion endowment. Play an instrumental role in building the college’s portfolio and investment team as Smith in-sources its endowment from the current outsourced-CIO model. Play an active role in developing Smith’s domestic equity, foreign equity, hedge fund, and fixed income portfolios. Assist in recruiting, training, and mentoring the investment team. The successful candidate should be committed to and passionate about the college and its mission and should be motivated by the opportunity to build an innovative, high-performing investment portfolio and a world-class investment office.

Take appropriate actions to support a diverse workforce and participate in the College's efforts to create a respectful, inclusive, and welcoming work environment.

Essential Functions

  • Partner closely with the CIO to manage Smith’s marketable investment portfolio, across domestic equity, foreign equity, hedge fund, and fixed income investments
  • Source and maintain a robust and creative pipeline of investment opportunities for potential inclusion in the college’s investment portfolio
  • Portray Smith as a desired investor to top-tier investment managers
  • Conduct due diligence on prospective opportunities, including analysis of investment strategy, process, organization, portfolio positions, and performance
  • Monitor and evaluate portfolio positions, organizational changes, performance, and risks of the invested fund managers
  • Complete analytical reviews of managers, strategies, and asset classes
  • Stay abreast of market conditions and developments that may affect Smith College’s investment holdings and strategies, and act proactively and appropriately to protect those interests
  • Recommend investment manager hiring, termination, and capital allocation decisions
  • Prepare and present recommendations regarding investment decisions and asset class updates to the investment team and the Investment Committee
  • Collaborate and engage with colleagues across the portfolio; assist in evaluating private investments and real assets investments, as part of the office’s senior investment team
  • Partner closely with the CIO to establish asset allocation and risk management policies
  • Participate in recruitment, training, mentorship, and leadership of the investment team
  • Assist in building the team’s reputation for professional excellence and credibility both inside the college and throughout the investment management community
  • Demonstrate by example high levels of ethics, professionalism, and teamwork

Other Functions

All employees are expected to participate in the College's efforts to create a respectful, inclusive, and welcoming work environment.

Minimum Qualifications (knowledge, skills, education, experience, certifications, licenses)

Bachelor's degree plus a minimum of ten years of experience as an investor covering equity, hedge fund, and fixed income strategies within a high-performing organization, including endowments, foundations, family offices, hedge funds, and other asset managers.

Experience working with individuals from diverse backgrounds.

Preferred Qualifications

  • MBA or CFA preferred

Skills

  • A proven investment track record and commitment to achieving excellence in investment performance
  • Sound investment judgment and risk management
  • Significant investment experience across a range of marketable asset classes
  • Ability to incorporate rigorous qualitative and quantitative analyses in the evaluation of investment strategies, processes, organizations, and teams
  • Patient and disciplined investor who seeks and accepts a high degree of personal responsibility
  • A broad understanding of portfolio theory, asset allocation, portfolio construction, and economics
  • Ability to access independent network for manager evaluation and due diligence purposes
  • Highly collaborative and team-oriented with strong interpersonal skills
  • Demonstrated ability to work effectively with all constituencies, including investment and administrative staff, Investment Committee members, and the college community
  • Self-confident individual who is able to evaluate all sides of an issue, engage in interactive discourse, and provide objective advice and recommendations with conviction to support sound decisions
  • Demonstrated quantitative and analytical skills
  • Strong communicator, both written and verbal
  • Nimble thinker and creative problem-solver
  • Flexible, adaptive, and proactive with a “roll up your sleeves” mentality
  • Results- and performance-oriented, but comfortable working in a small, collaborative team environment
  • The highest level of integrity, intellectual capability, honesty and ethics
  • Humble and kind
  • Willing to travel

Additional Information

Location: Boston

Please attach BOTH a current resume and a cover letter in order for your application to be considered for this position . You may combine your resume and cover letter into a single file or attach multiple files to your application, but BE SURE you have provided all attachments BEFORE SUBMITTING your application. You will NOT be able to attach additional files after you have hit the Submit button.

Review of applications will begin

August 5, 2021

Compensation Grade:

Grade X Exempt

Position Type:

Regular

About Smith College

Located in Northampton, MA, Smith College is one of the largest women’s colleges in the country and is dedicated to excellence in teaching and research across the liberal arts.  A faculty of outstanding scholars interact with students in small classes, as advisors, and through student-faculty research projects. The College is a member of the Five College Consortium with Amherst, Hampshire and Mt. Holyoke Colleges, and the University of Massachusetts Amherst. Students cross-enroll and faculty cross-teach across the Five Colleges.

Smith College is an Affirmative Action/Equal Opportunity employer and does not discriminate on the basis of race, gender, age, color, religion, national origin, disability, sexual orientation, gender identity and expression or veteran status in the recruitment and employment of faculty and staff, and the operation of any of its programs and activities, as specified by all applicable laws and regulations. Women, minorities, veterans and individuals with disabilities are encouraged to apply.

Company

Working at Smith College 

Founded in 1871, Smith College is the nation's largest liberal arts college for women. The reputation of the College as one of the finest in the country holds strong because of the dedicated work of our staff, faculty, and administration. We are a diverse group bringing to our community different talents, perspectives, and experiences. Our strength arises from this diversity and is sustained by a community value of providing an outstanding educational environment for our nearly 2,700 students. Smith College is located in Northampton, a lively town of 30,000 in the Connecticut River valley of western Massachusetts.

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