Investment Associate

3 days left

Employer
The Brookings Institution
Location
Washington, DC
Posted
Jun 19, 2017
Closes
Jun 25, 2017
Function
Accountant, IT
Hours
Full Time
The Brookings InstitutionEqual-Opportunity Employer: It is Brookings policy to provide equal employment opportunity for all of its employees and applicants without regard to their actual or perceived race, color, religion, sex, age, disability, national origin, ancestry, sexual orientation, marital status, personal appearance, citizenship status, family responsibilities, gender identity or expression, genetic information, matriculation, political affiliation, veteran status, or any other prohibited basis of discrimination as required by law.Program Office of Financial ServicesJob Funtion Accounting/FinancePosted Date 4/5/2017Job ID 2017-1438Salary Commensurate with experienceOverview:The Investment Associate monitors and researches existing and prospective external money managers who are hired to invest portions of the Brookings' diversified endowment portfolio. The Associate contributes to the investment research and decision-making process. The role also shares in portfolio reporting and operational oversight responsibilities with other team members. Travel domestically and internationally to attend and/or conduct due diligence meetings, conferences and attend investment committee meetings (15-25%).Responsibilities:Existing Manager Monitoring (35%)Maintain notes and update data records regarding the investment and operational activities of the existing external money managers.Attend and/or conduct due diligence meetings in person or via phone, including off-site. In coordination with colleagues, prepare questions and objectives in advance. Record factual notes and/or write up qualitative assessments after.Contribute to, draft, and/or write formal manager evaluation memos. Prospective Manager Due-Diligence (35%)Contribute to and generate new manager ideas. This involves developing and maintaining relationships with peers and marketers; receive requests for meetings and responding appropriately; reviewing presentation materials and/or PPMs and otherwise screening prospective managers for further research.Conduct further due diligence (collect and construct data into useful records; analyze portfolio and organization; plan, conduct and assess results of meetings) in collaboration with other team members.Define appropriate benchmarks and peer universes. Compare and contrast managers' organizations and investment strategies, including strengths and weaknesses.Contribute to, draft, and write new manager recommendation memos. General Market Research & Portfolio Strategy (20%)Monitor and maintain regular data sets and graphs for internal office and Investment Committee use. Redevelop monitoring processes to optimize useful information flow.Oversee preparation of regular performance and ad-hoc analyses by the outside consultant.In collaboration with colleagues, discover, define and evaluate new investment opportunities and their usefulness to the portfolio. Compare and contrast investment opportunities. Contribute to, draft and write memos to explain and justify recommendations to add new strategies to the portfolio.Attend Investment Committee meetings. Record notes into file after. General Investment Office Operations (10%)Prepare the quarterly unitization and annual draw calculations.Provide backup in the absence of the CIO and the other investment associate as needed.Provide backup in tracking the current portfolio asset value and allocation.Provide backup in approving capital calls and withdrawals.Provide backup in receiving and processing stock gifts.Perform any and all other duties and responsibilities of a similar nature and character those above, which may be assigned and/or directed.Qualifications:Education/Experience Requirements: Bachelor's degree with a minimum of three years general financial experience required. Experience in investment management and specific experience with bottom-up portfolio evaluation, top-down quantitative performance analysis, and a broad universe of investment managers strongly preferred. Demonstrated knowledge and interest in any of these areas is required. Holders of level 1 Chartered Financial Analysts (CFA) designation required. Completed CFA designation preferred. Knowledge/Skills Requirements: Excellent written and oral communication skills. Strong attention to detail with excellent analytical and quantitative skills. Ability to represent the institution appropriately with outside investment and financial management personnel. Ability to travel both domestically and internationally 15-25% of the time each year. Proficiency in Microsoft Office Suite. Familiarity with FactSet, Bloomberg or any investment research programs is preferred. Additional Information: Brookings requires that all applicants submit a resume and cover letter. Please attach your cover letter and resume as one document when you apply. Successful completion of a background investigation is required for employment at Brookings. PI98187684