Investment Analyst, Public Investments (36 month term)

The Investment Team at The California Endowment is seeking an Investment Analyst Public Investments to join a highly motivated and collaborative team based in Los Angeles Oakland and San Diego California. This position is a 36-month term appointment.

To ensure full consideration please submit your application by January 31 2026.Application review will begin shortly thereafter.

The California Endowment (TCE) resolved to begin a transition to align 100% of its $4.0 billion in assets with its mission also known as going All In while seeking to earn a market rate of return. Given the structure of the existing portfolio responsibly shifting all the Foundations assets toward mission/impact and TCEs vision will be an ongoing and evolving process across a long-time horizon. Implementation will require flexibility and practicality balancing the Foundations payout requirement and financial obligations along with the supply of mission/impact investing opportunities market factors evolving best practices in the field and status of the Foundations assets.

The Investment Team is responsible for investing and managing the Endowments portfolio and bringing about the desired alignment with mission. To support these efforts all members of the Investment Team are responsible for a set of activities and actions that seek best in class managers that can support the dual objectives of generating market rate returns and mission/impact alignment as defined in TCEs Investment Policy Statement.

Position Summary:

The Investment Analyst Public Investments is a 36-month role within a highly motivated and collaborative Investment Team co-located in Los Angeles CA Oakland CA and San Diego CA. Reporting to the Investment Manager Public Investments the Investment Analyst is responsible for supporting work across a range of asset classes including but not limited to global public equities hedge funds and fixed income. The Investment Analyst is responsible for providing analytical support to the sourcing of new investments due diligence on new/existing investments and taking ownership of projects as assigned by the Investment Manager and/or Managing Director.

Position Accountabilities:

• Provide general analytical support for existing and/or prospective investments including assisting with manager meetings due diligence and preparation of investment memos
• Assist with the monitoring of existing investment managers by actively participating in manager meetings gathering data on managers and preparing analytical reviews of managers
• Conduct asset class and portfolio level qualitative and quantitative analysis including gathering exposure information
• Prepare topical research reports and conduct ad hoc research as required
• Assist with operational aspects including acting as a liaison between managers Endowment Investment Operations and Endowment Finance
• Cultivate relationships with institutional peers and managers to stay informed of market trends
• Develop investment skills and contribute to knowledge sharing amongst the Investment Team
• Participate in TCE initiatives including training in alignment with Trust Based Philanthropy (TBP) and in support of TCEs mission of Advancing Racial Equity (ARE).

Desired Knowledge Qualifications & Skills:

• Passion for investing with a curiosity to understand financial markets
• Strong analytical quantitative and communication skills
• Financial modeling skills and general knowledge of portfolio theory and capital markets
• Self-starter with ability to take initiative and collaborate with colleagues
• Proficient knowledge of Microsoft Office applications
• Commitment to the Endowments mission and high level of professionalism

Minimum Experience:

• Undergraduate degree with 0-3 years experience at an endowment foundation family office investment firm or investment consultant
• While not required progress towards CFA and/or CAIA is a plus

Core Competencies:

• Accuracy: Identifies and corrects mistakes; demonstrates strong attention to detail.
• Problem Solving: Strong analytical skills with the ability to solve problems with sound judgment.
• Adaptability:Self-starter who effectively and positively embraces and manages change.
• Relationship Management: Ability to establish strong rapport across all levels and manage enterprise-level relationships.
• Process Management: Driven by results but focused on improving processes and efficiency.
• Team Orientation: Comfortable taking direction and receptive to feedback.
• Communication: Demonstrates clear thoughtful and thorough verbal and written skills; professional and diplomatic demeanor.

Salary Range:

Target/Full Hiring Range: $93500 - $110000 base incentive eligible

WHO WE ARE

The California Endowment (TCE) is a private statewide health foundation established in 1996 whose mission is to expand access to affordable quality health care for underserved individuals and communities and to promote fundamental improvements in the health status of all Californians. Were changing the narrative around health to ensure health and justice for all. Each day we along with our community partners seek ways to improve the state of health in California.

Headquartered in downtown Los Angeles we have regional offices in Sacramento Oakland Fresno and San Diego with program staff working throughout the state. We challenge the conventional wisdom that medical settings and individual choices are solely responsible for peoples health. We believe that building the voice agency and power of Californians to improve conditions in their communities and reverse the historical and structural impacts of inequity will lead to lasting improvements in health

TCE Benefits and Perks

The California Endowments goal is to hire qualified staff reflecting the rich diversity of all Californians. We are proud to be an equal opportunity employer committed to advancing health and racial equity in California. We are committed to creating a work environment in which all individuals are valued and respected. We encourage applicants from diverse backgrounds. We define diversity in broad terms to include race ethnicity age gender religion sexual orientation gender identity and expression disability geography socio-economic status veteran status and prior criminal history in accordance with local state and/or federal laws.

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