ABOUT COMMONFUND
Commonfund is an investment management firm serving the institutional market with a particular focus on the nonprofit sector including endowments, foundations, healthcare organizations, and other mid-sized institutions. Commonfund was founded in 1971 with a two-part mission: to create investment solutions for nonprofits that previously did not have the scale and access to high-quality investment managers and to develop educational programs that would bring current best practices to institutional investors of all sizes and segments.
Commonfund has changed and grown dramatically over the years, expanding its investment solution offerings and the client segments served. Today, Commonfund manages approximately $28 billion on behalf of almost 1,700 institutions with a focus on three primary activities: Outsourced solutions (OCIO); alternative investment strategies (hedge funds and private capital); and research and advice on various investment and governance topics through the Commonfund Institute.
Commonfund OCIO provides total portfolio management for endowment and foundation clients. Our total institutional approach to investment management involves addressing wide-ranging factors that extend well beyond portfolio management. We apply the endowment model of investing to institutional portfolios and provide investment flexibility by using independent sub-advisers for discretionary and non-discretionary outsourcing engagements. Our programs incorporate both active and passive strategies in equities, fixed income, hedge funds, real assets, and private capital.
Commonfund’s website, www.commonfund.org/AboutUs/ provides a more detailed overview, including its role and mission statement. Interested candidates should apply online at: https://www.commonfund.org/about/careers/
POSITION DESCRIPTION
The Commonfund OCIO team seeks to hire an Associate Director to assume investment and analytical responsibilities for a segment of our non-profit client base. The successful candidate will be expected to work collaboratively with others on the OCIO, manager research, business development, and operations teams to provide high-quality, timely, and comprehensive information, materials, and responses to our clients. Further, the candidate must possess the ability to present materials in Investment Committee and other client-related meetings in order to convey key information related to a client’s portfolio, facilitate discussion, and aid in decision making. It is a highly visible position and critical to the success of the OCIO business and its growth.
This position is based in Wilton, CT.
PRIMARY RESPONSIBILITIES
- Act as support for investment officers on OCIO client accounts
- Develop presentation materials and present at clients’ quarterly committee meetings
- Respond to inquiries and analytical requests from clients in a timely and accurate manner
- Provide strong quantitative and analytical skills to support the OCIO team
- Undertake portfolio evaluation and analysis of client portfolios
- Generate asset allocation recommendations for current and prospective institutions by using portfolio modeling applications
- Facilitate month-end portfolio reviews, rebalancing of client portfolios, and cash flow analyses
- Assist with ad-hoc project requests from clients and senior staff
- Contribute to the creation of blog posts and whitepapers through research and industry trends in the investment and endowment management field
- Provide education related to a client portfolio to new Board and Committee members and staff, as well as other groups as needed
- Develop an in-depth knowledge of Commonfund’s investment strategies and programs through collaboration with manager research teams
PREFFERED BACKGROUND:
- Four-year college degree
- Holds or plans to pursue an MBA, CAIA or CFA designation
- 5-8 years of experience in the investment industry specifically related to directly managing total portfolios and preferably in the OCIO space
- Strong analytical/problem solving skills, including use of spreadsheet/database software for quantitative analysis
- A strong proficiency with the full Microsoft Office Suite
- Knowledge of capital markets and asset management landscape
- Demonstrated ability to complete assignments independently and on a timely basis
- Desire to work in a team environment with a strong work ethic
- Strong verbal, written communication, and presentation skills
- Ability to handle multiple responsibilities
- Strong independent initiative and proactive problem-solving skills
- Desire and willingness to travel up to 15%
