LEHIGH UNIVERSITY INVESTMENT OFFICELOCATION: NYC
Lehigh University was established in 1865 by businessman Asa Packer. Recognized among the nation's premier research universities, Lehigh offers a rigorous academic community for nearly 7,000 students. The university has over 5,000 undergraduate students and 2,000 graduate students across four distinguished colleges: Engineering and Applied Science, Arts and Sciences, Business and Economics, and Education. Its faculty consists of 521 full-time professors and more than 75,000 alumni from around the world have earned a Lehigh diploma. Lehigh's campus is one of the largest private campuses in the country spanning 2,358 acres. It also benefits by being a member of the Patriot League and competes athletically against other well-known universities.
The Investment Office manages Lehigh's Endowment, which at approximately $1.4 billion is the University's largest tangible asset. The Endowment serves as a key source of funding to the University each year, providing for scholarships, academic programs, and faculty endowed chairs. As a long-term perpetual asset, the Endowment's role is to provide financial support to benefit both current and future generations of Lehigh students. Therefore, the investment program maintains a long-term focus.
Good stewardship of this asset is of the highest importance, which is why the Endowment is managed by an Investment Office and overseen by an Investment Subcommittee of the Board of Trustees. The Investment Office is responsible for carrying out investment policy by investing the portfolio in a globally diversified mix of external managers, including equity, fixed income, hedge funds, private equity, and real assets.
While Lehigh's campus is located in Bethlehem, PA, the Investment Office and team are based in NYC.
The Investment Operations role will provide support to the Chief Investment Officer ("CIO") and the Investment Office broadly for the day-to-day implementation and monitoring of the Endowment.
Primary responsibilities for the role will include: preparing performance and analytic reports; maintaining and enhancing risk, liquidity, cash planning and exposure models; working closely with the University's Finance Office, custodian, and other outside software and service providers; and assisting in the periodic preparation of Investment Subcommittee materials. The ideal candidate will also be able to provide recommendations for new processes, analysis, and approaches that will enhance the overall effectiveness and accuracy of investment reporting and analysis and streamlining of workflow.
The specific responsibilities of the Investment Operations role will include the following:
* Responsible for preparing and reviewing monthly and quarterly portfolio reporting across all investment pools. This includes preparing reporting for investment performance, asset allocation, risk exposures, performance attribution, liquidity, and investment and cash flow pro-forma analyses, as well as evaluating reporting results from external managers to ensure accuracy of the data.
* Produce analytics to support the portfolio management process: Regularly summarize the Endowment's asset allocation relative to target policy allocation; and maintain profile of Endowment liquidity, and track investment manager liquidity schedules.
* Identify and monitor key portfolio exposures such as by asset class, geographies, sectors, etc.
* Serve as the direct liaison between the Investment Office and the Treasurer's and Controller's Offices to ensure accurate financial reporting for the University, and as the direct liaison between the Investment Office and outside parties as it relates to performance reconciliation and analytical matters.
* Regularly maintain and update investment databases.
* Review and complete fund documents, such as subscriptions, redemptions, and other forms required by investment managers.
* Review investment manager fundings and distributions, recording of cash movements and payment of investment manager fees and other expenses.
* Track and model the cash flow of drawdown asset classes (private equity & real estate) to assess commitment requirements to maintain long-term target allocations.
* Maintain content management system for investments such as documentation and contact information.
* Assist in the periodic preparation of Investment Subcommittee materials as well as the annual financial audit of the University as directed by the Finance Office.
* Liaise with the custodian, investment managers, other University departments, software providers, etc.
* Prepare operational policies, processes and procedures; monitor compliance with policies and procedures; and recommend opportunities for office operational improvements.
* Bachelor's Degree in Finance or related field; or equivalent combination of education and experience
* Professional Designation preferred (such as a CPA, CFA, CIPM or CAIA)
* Must have advanced analytical skills with investment performance standards across both traditional and alternative investments, and knowledge of general investment principles and characteristics of various asset classes, including private equity and hedge funds
* Ability to clearly and effectively communicate orally and in writing in English; provide and/or exchange information; draft correspondence and other routine written materials; draft complex documents
* Collect and research data; present numerical/technical data effectively; gather and analyze information skillfully; identify and resolve problems
* Must be able to interact with others in a consistent positive and productive manner, exercise discretion and tact, demonstrate high integrity and have the desire to work toward consensus
* Must be able to demonstrate personal initiative; generate independent ideas and work product while functioning as a committed team player. Hard working, enthusiastic, detail-oriented, flexible, comfortable taking direction and constructive criticism, and able to effectively and efficiently manage multiple tasks
* Successful completion of standard background checks including but not limited to: social security verification, education verification, national criminal background checks, motor vehicle checks, PATCH, FBI fingerprinting, Child Abuse Clearance and credit history based upon the requirements of the position
* Able to work occasional evenings, holidays or weekends
Required Documents Message:
Cover Letter, Resume