Endowment Investment Operations Manager
Job Location:
Job Location:
Irvine, CA - USA
Monthly Salary:
$ 140000 - 150000
Monthly Salary:
Posted on:
30+ days ago
Posted on:
Vacancies:
1 Vacancy
Vacancies:
Job Summary
Job Description Summary
Under the direction of the Chief Investment Officer the Investment Office manages the Universitys approximately $1 billion endowment stewarding assets that provide essential longterm financial support for current and future generations of students and scholars. The endowment is structured to achieve strong longterm riskadjusted returns while delivering a reliable and sustainable stream in support of the Universitys mission. Reporting to the Chief Investment Officer ( CIO ) the Endowment Investment Operations Manager ( EIOM ) is a key member of the Investment Office responsible for the integrity accuracy and transparency of investment operations accounting and reporting for a complex multiasset portfolio encompassing public and private investments. EIOM is a hands-on senior individual contributor responsible for the full operational and accounting lifecycle of the Universitys endowment investment portfolio across public and private markets. This role serves as the primary point of contact with external service providers including investment managers and the custodial bank and requires deep expertise in institutional investment operations private capital accounting reconciliations valuation support and audit coordination. The position is not a treasury performance or FP&A role and it does not involve security selection or portfolio management. This position does require a clear criminal background check as well as a satisfactory credit check.
Responsibilities
Endowment Investment Operations Own the end-to-end investment operations lifecycle for public and private investments from trade execution support through settlement accounting and reporting. Serve as the primary liaison with custodians fund administrators investment managers and external advisors Review and prepare operational execution for subscriptions capital calls distributions redemptions and transfers ensuring accuracy timeliness and compliance with governing documents. Review fund manager notices capital activity statements and operational communications; assess accounting and cash impacts and escalate material issues to the CIO . Private Investment Accounting and Commitments Maintain authoritative records for unfunded commitments capital called distributions and ownership balances across all private investments. Review and reconcile capital account statements and quarterly reports from private fund Support fair value assessments for private investments in coordination with valuation policies and auditors ( ASC 820). Track and reconcile private investment cash flows against custodian records and general ledger activity. Reconciliations Controls and Data Integrity Perform and oversee monthly and quarterly reconciliations of cash investments commitments and activity across: custodian systems investment accounting platforms general ledger. Investigate and resolve discrepancies with a documented audit trail. Maintain strong internal controls procedures and documentation to support audit compliance and governance expectations. Endowment Financial Reporting and Audit Lead endowment-related investment accounting for year-end close financial statements and supporting schedules. Act as the primary point of contact for external auditors on investment matters. Prepare and review footnote support roll forwards valuation memos and audit workpapers. Ensure compliance with GAAP FASB IRS and UPMIFA related requirements applicable to endowments and nonprofit institutions. Governance and Investment Committee Support Prepare clear accurate investment operations and accounting materials for the CIO Investment Committee and other governance bodies. Translate complex operational and accounting information into fiduciary appropriate language. Support data requests for peer surveys and institutional reporting based on readily available data (does not include performance measurement). Process Improvement and Systems Evaluate and improve workflows related to investment operations accounting and data integration. Partner with service providers and others on system enhancements automation and reporting efficiency. Maintain operational scalability aligned with portfolio growth and increasing private market complexity governance requirements and regulation.
Required Qualifications
710 years of progressive experience in institutional investment operations and/or fund accounting Direct experience supporting endowments foundations pensions OCIOs or institutional asset managers Demonstrated hands on experience with: private equity / private credit / real assets; capital calls distributions commitments custodian and administrator reconciliations Strong working knowledge of investment accounting under GAAP and audit requirements Advanced Excel skills used for reconciliations roll forwards and analysis (not just reporting)
Under the direction of the Chief Investment Officer the Investment Office manages the Universitys approximately $1 billion endowment stewarding assets that provide essential longterm financial support for current and future generations of students and scholars. The endowment is structured to achieve strong longterm riskadjusted returns while delivering a reliable and sustainable stream in support of the Universitys mission. Reporting to the Chief Investment Officer ( CIO ) the Endowment Investment Operations Manager ( EIOM ) is a key member of the Investment Office responsible for the integrity accuracy and transparency of investment operations accounting and reporting for a complex multiasset portfolio encompassing public and private investments. EIOM is a hands-on senior individual contributor responsible for the full operational and accounting lifecycle of the Universitys endowment investment portfolio across public and private markets. This role serves as the primary point of contact with external service providers including investment managers and the custodial bank and requires deep expertise in institutional investment operations private capital accounting reconciliations valuation support and audit coordination. The position is not a treasury performance or FP&A role and it does not involve security selection or portfolio management. This position does require a clear criminal background check as well as a satisfactory credit check.
Responsibilities
Endowment Investment Operations Own the end-to-end investment operations lifecycle for public and private investments from trade execution support through settlement accounting and reporting. Serve as the primary liaison with custodians fund administrators investment managers and external advisors Review and prepare operational execution for subscriptions capital calls distributions redemptions and transfers ensuring accuracy timeliness and compliance with governing documents. Review fund manager notices capital activity statements and operational communications; assess accounting and cash impacts and escalate material issues to the CIO . Private Investment Accounting and Commitments Maintain authoritative records for unfunded commitments capital called distributions and ownership balances across all private investments. Review and reconcile capital account statements and quarterly reports from private fund Support fair value assessments for private investments in coordination with valuation policies and auditors ( ASC 820). Track and reconcile private investment cash flows against custodian records and general ledger activity. Reconciliations Controls and Data Integrity Perform and oversee monthly and quarterly reconciliations of cash investments commitments and activity across: custodian systems investment accounting platforms general ledger. Investigate and resolve discrepancies with a documented audit trail. Maintain strong internal controls procedures and documentation to support audit compliance and governance expectations. Endowment Financial Reporting and Audit Lead endowment-related investment accounting for year-end close financial statements and supporting schedules. Act as the primary point of contact for external auditors on investment matters. Prepare and review footnote support roll forwards valuation memos and audit workpapers. Ensure compliance with GAAP FASB IRS and UPMIFA related requirements applicable to endowments and nonprofit institutions. Governance and Investment Committee Support Prepare clear accurate investment operations and accounting materials for the CIO Investment Committee and other governance bodies. Translate complex operational and accounting information into fiduciary appropriate language. Support data requests for peer surveys and institutional reporting based on readily available data (does not include performance measurement). Process Improvement and Systems Evaluate and improve workflows related to investment operations accounting and data integration. Partner with service providers and others on system enhancements automation and reporting efficiency. Maintain operational scalability aligned with portfolio growth and increasing private market complexity governance requirements and regulation.
Required Qualifications
710 years of progressive experience in institutional investment operations and/or fund accounting Direct experience supporting endowments foundations pensions OCIOs or institutional asset managers Demonstrated hands on experience with: private equity / private credit / real assets; capital calls distributions commitments custodian and administrator reconciliations Strong working knowledge of investment accounting under GAAP and audit requirements Advanced Excel skills used for reconciliations roll forwards and analysis (not just reporting)
Required Experience:
Manager
