Department Description: We are seeking a talented Investment Associate to join our CareGroup Investment Management Office! The CareGroup Investment Management Office manages the assets of two primary entities - CareGroup and the Combined Jewish Philanthropies. Total assets managed are just under $3 billion.
If interested, please apply and include a cover letter with your resume answering these following questions:
• At the end of 2007, Ted Seides bet Warren Buffett that a group of hedge funds selected by Seides would outperform an S&P 500 Index Fund over the next 10 years . Seides famously lost that bet. If the same bet were made for the next 10 years, which side would you select, and why? (In less than 300 words)
• Describe an important insight that you gained from something that you read, and how you incorporated this insight into your professional life. (In less than 300 words)
Job Location: Boston, MA
Req ID: 28988BR
Job Summary: Participates in the evaluation of existing and potential new investment managers for all asset classes through portfolio analysis and manager meetings; prepares reports and supporting analysis for recommendations to the Board of Managers. Maintains database of key information for current and existing managers and a comments-sharing database for relevant manager updates.
- Interviews existing managers; collects and analyzes data on net and gross exposures, derivatives, sector and geographical exposure.
- Interviews potential managers and prepares overview and preliminary recommendations for the Chief Investment Officer and the Board of Managers.
- Maintains an investment database on new and existing managers that is updated quarterly to reflect portfolio changes.
- Reviews public filings by the investment managers.
- Produces monthly and quarterly reports for the Chief Investment Officer and the Board of Managers on portfolio beta, stock overlap, capitalization weighting, etc.
- Bachelor's degree required.
- 1-3 years related work experience required in Endowment management, funds-of-funds, or investment consulting..
- Knowledge of financial mathematics, modern portfolio theory, and asset allocation strategy.
- Strong understanding of financial markets, company capital structure and financial instruments including options, interest rates, swaps, credit default swaps, leverage, etc. Strong capability in data gathering, organization and analysis.
- Ability to work independently and collaboratively to produce highly accurate work product. A passionate interest in capital markets and endowment management. Organizational skills, initiative and a collegial attitude;
- Advanced skills with Microsoft applications which may include Outlook, Word, Excel, PowerPoint or Access and other web-based applications. May produce complex documents, perform analysis and maintain databases.
- Progress towards a professional designation is a plus.
- Decision Making: Ability to make decisions that are guided by general instructions and practices requiring some interpretation. May make recommendations for solving problems of moderate complexity and importance.
- Problem Solving: Ability to address problems that are varied, requiring analysis or interpretation of the situation using direct observation, knowledge and skills based on general precedents.
- Independence of Action: Ability to follow precedents and procedures. May set priorities and organize work within general guidelines. Seeks assistance when confronted with difficult and/or unpredictable situations. Work progress is monitored by supervisor/manager.
- Written Communications: Ability to summarize and communicate in English moderately complex information in varied written formats to internal and external customers.
- Oral Communications: Ability to comprehend and communicate complex verbal information in English to medical center staff, patients, families and external customers.
- Knowledge: Ability to demonstrate in-depth knowledge of concepts, practices and policies with the ability to use them in complex varied situations.
- Team Work: Ability to work collaboratively in small teams to improve the operations of immediate work group by offering ideas, identifying issues, and respecting team members.
- Customer Service: Ability to provide a high level of customer service to patients, visitors, staff and external customers in a professional, service-oriented, respectful manner using skills in active listening and problem solving. Ability to remain calm in stressful situations.
Physical Nature of the Job:
Sedentary work: Exerting up to 10 pounds of force occasionally in carrying, lifting, pushing, pulling objects. Sitting most of the time, with walking and standing required only occasionally