Job Summary
This professional will be an integral member of Investure’s Accounting and Treasury team. Reporting to the Chief Financial Officer, this position will perform various investment/trade operations and cash management responsibilities related to Investure Funds and Investure Client portfolios. Title will be commensurate with experience. The ideal candidate will demonstrate a strong work ethic, keen attention to detail, and the ability to work independently. Cultural fit, humility, and willingness to learn are imperative. The position is based in-office with a hybrid option available for remote on certain days of the week.
The Company
Based in Charlottesville, Virginia, Investure was founded in 2003 to serve as the outsourced investment office to a select number of non-profit endowments and private foundations. Managing assets of approximately $18 billion as of August 2024, Investure is responsible for portfolio management, asset allocation, and manager selection investing across a number of asset classes, including fixed income and credit, global public equities, alternative investments (e.g., hedge funds, private equity, venture), and real assets. Investure has a fast-paced culture where there is a vast opportunity for learning and strong expectation of teamwork, collegiality, and integrity. We are a mission-driven organization that values continuous improvement, excellence, and employee engagement.
Essential Functions
Responsible for leading and supporting the Accounting and Treasury Team with various responsibilities including but not limited to the below:
- Cash and Liquidity Management
- Manage day-to-day liquidity of Investure Funds and Client portfolios within parameters set by the Investment Team; ensure that sufficient cash balances are available to meet requirements to settle trades and client spending needs
- Oversee and review the input daily transactions and work closely with the Accounting and Treasury and other Investure teams as well as external third parties to ensure accuracy and completeness of data
- Reconcile daily cash balances with custodians, fund administrators, counterparties, and other third-party sources of data
- Own and maintain internal cash management and reconciliation tools and reports
- Consistently meet multiple daily deadlines to publish various internal position and cash reports; work cooperatively with counterparties, custodian and external parties to resolve outstanding operational issues with transactions prior to settlement date
- Ensure the cash controls of the organization are adhered to consistently. This includes but is not limited to the following: i) verifying and maintaining changes in wiring instructions and SSIs, ii) maintaining control documentation for updates or enhancements that may occur from time to time
- Investment Operations
- Prepare, submit, manage, and ensure accuracy of wire transactions through Investure’s external bank wiring application
- Assist with the execution of transactions by preparing appropriate transaction documents, letters of authorization, and support documentation; ensure documents are distributed to appropriate parties and properly saved in the document management tool
- Support the Accounting and Treasury and Portfolio Management teams and clients with cash projections and other cash reporting
- Lead trading operations for certain direct equity or fixed income trading
- Other
- Candidate with appropriate experience may contribute to and assist the CFO with assigned duties related to operational due diligence on external investment managers
- Contribute to a culture of continuous improvement through identification and implementation of new processes, procedures, or technology tools
- General
- Accountable for identifying and escalating any relevant concerns or issues
- Expected to identify, recommend, and implement process improvements regarding Treasury systems or Excel-based models
- Deliver on time and error-free outputs as requested and required
Responsibilities and title will ultimately be commensurate with the professional’s experience and demonstrated faculties and judgment.
Education, Experience & Skills
- Minimum 5+ years of relevant work experience in a business environment, including financial markets, asset management, or investment fund exposure
- Bachelor’s degree in finance, accounting, business, or math preferred
- Knowledge of alternative investments and/or financial markets
- Proficient using standard office software such as Word, PowerPoint, Excel, Outlook
- Proficient inputting and extracting information from required systems and databases
- Exceptionally detail oriented with ability to succeed in a highly deadline driven environment
- Experience collaborating in a multi-disciplinary, diverse and dynamic team
- Process-oriented with ability to identify and thoughtfully improve inefficient or outdated processes
- Ability to handle confidential and sensitive information with a high degree of professionalism
Guiding Principles
- Integrity: Demonstrates unquestioned ethics and Strives to exemplify the highest ethical standards in both work and personal lives
- Excellence: Has exceptional work Works both hard and smart. Demonstrates continuous self- evaluation of successes and failures
- Service: Puts others Illustrates mission-driven outlook and approach
- Stewardship: Puts long-term interests above short-term Focuses on the greater good
- People: Demonstrates passion and excellent Treats others with respect, helps when and how needed, and is respectful of the needs of others
- Teamwork: Takes a collaborative and selfless Operates under the “Golden Rule”
- Humility: Comfortable with being Seeks to learn from mistakes. Willing to do anything necessary to get the job done. Treats all as equals
Position Based Competencies
- Accuracy: Identifies and corrects mistakes; does not repeat past mistakes; demonstrates strong attention to detail
- Team Orientation: Comfortable taking direction or taking the lead; receptive to feedback
- Process Management: Creative and innovative thinker who can simplify and improve complex procedures
- Communication: Excellent interpersonal skills; professional and diplomatic demeanor
- Planning: Can orchestrate multiple activities at once to accomplish a goal; accurately scopes tasks and projects
- Adaptability: Self-directed learner; effectively and positively embraces and manages Doesn’t require constant direction
- Relationship Management: Negotiates skillfully in tough situations with both internal and external groups; ability to establish strong rapport across all levels
- Expertise: Has experience and knowledge to oversee a function with a high level of accomplishment; able to successfully direct and guide
- Problem Solving: Strong analytical skills; Seeks input and builds consensus to drive team to desired solution
- Judgment: Demonstrates good decision-making based upon a mixture of analysis, wisdom and experience; considers organizational impact
To apply for this position, interested parties should visit our website: www.investure.com/careers
