Director of Investments

Job Details

The Director of Investments is a senior member of the multi-asset team who serves as a high-performing generalist across public equity public fixed income and specializes in support of TJUs corporate venturing strategy. Reporting to the Chief Investment Officer and working closely with the Deputy CIO Managing Director Multi-Asset and Managing Director Jefferson Ventures the Director helps shape the strategy for marketable assets serves as the key analyst liaison to the public markets managers and portfolio construction within the marketable portfolio and contributes to total-portfolio asset allocation addition the Director of Investments will be a critical contributor to the continued development and maturity of Jeffersons corporate venturing strategy including network development end-to-end investment valuation underwriting structuring and presentation for approval.
The Director is responsible both for investment outcomes within marketable assets and for the development of investment professionals working in the Investment Office. The Director also leads the Offices engagement with external investment partners on the marketable side under an extension-of-staff model in which the Office retains all decision-making authority and direct ownership of manager relationships.

Job Description

Summary
The Director of Investments is a senior member of the multi-asset team who serves as a high-performing generalist across public equity public fixed income and specializes in support of TJUs corporate venturing strategy. Reporting to the Chief Investment Officer and working closely with the Deputy CIO Managing Director Multi-Asset and Managing Director Jefferson Ventures the Director helps shape the strategy for marketable assets serves as the key analyst liaison to the public markets managers and portfolio construction within the marketable portfolio and contributes to total-portfolio asset allocation addition the Director of Investments will be a critical contributor to the continued development and maturity of Jeffersons corporate venturing strategy including network development end-to-end investment valuation underwriting structuring and presentation for approval. The Director is responsible both for investment outcomes within marketable assets and for the development of investment professionals working in the Investment Office. The Director also leads the Offices engagement with external investment partners on the marketable side under an extension-of-staff model in which the Office retains all decision-making authority and direct ownership of manager relationships.

Job Duties

• Strategy and Portfolio Construction
• Partner with the Managing Director Multi-Asset Deputy CIO and CIO on the investment strategy for the marketable portfolio including target exposures across public equity and public fixed income.
• Lead portfolio construction within marketable assets including manager sizing concentration limits factor exposures liquidity and risk budgeting in coordination with the MD Multi-Asset.
• Contribute substantively to total portfolio asset allocation capital markets assumptions and rebalancing decisions.
• Develop and refine the framework for blending active systematic and passive implementation within marketable assets.
• Manager Selection and Oversight
• Develop the firms roster of marketable managers; lead diligence and recommendations on new commitments and material redemptions with the MD Multi-Asset and CIO as final approvers.
• Maintain senior-level relationships with portfolio managers CIOs and senior personnel at external manager firms.
• Serve as a senior representative of the Investment Office in major manager interactions including allocation discussions and capacity negotiations.
• Oversee ongoing monitoring including performance review exposure analysis risk reporting and personnel / process change tracking.
• Investment Committee and Governance
• Contribute to investment recommendations and portfolio reviews for the Investment Committee and Board; present alongside or in support of the MD Multi-Asset and CIO.
• Support investment policy development for marketable assets including risk limits liquidity policy and benchmarking.
• Partner with the Director of Operations and Performance Reporting / Analytics on reporting standards valuation policies and performance measurement for marketable assets.
• Leadership and Talent Development
• Directly contribute to the development junior members of the team and provide guidance and performance feedback.
• Foster a high-performance collegial and intellectually rigorous team culture.
• Participate in Investment Office leadership decisions including planning budgeting talent strategy and external engagement.
• External Partners
• Lead the Offices engagement with external investment partners on the marketable side as an extension of the team leveraging partner scale sourcing and specialty expertise.
• Ensure the Office retains decision-making authority and direct ownership of all manager relationships with external partners augmenting (not replacing) internal capability.
• Establish operating norms information flows and accountability standards for the partner relationship.

Minimum Qualifications

• Bachelors Degree
• 10 years of relevant institutional investment experience with a substantial portion focused on marketable assets and external manager investing.
• 5 years demonstrable experience in venture capital or corporate venturing.
• Demonstrated success leading manager selection portfolio construction and risk management across public equity and public fixed income.
• Strong fundamental investment judgment combined with quantitative and risk analytical fluency.
• This role will be highly external and will be the representation of TJU externally. Candidate should present as affable but forthright.
• Track record of building and maintaining senior-level relationships with leading public markets managers.
• Experience presenting to investment committees and / or boards.
• Excellent written and verbal communication skills.

Preferred Qualifications

• Masters Degree MBA CFA or comparable advanced credential strongly preferred.
• Direct experience at an endowment foundation OCIO non-profit health system or insurance payor or other sophisticated multi-asset institutional allocator.
• Strong preference will be given to candidates with experience in healthcare-related venture investing.
• Experience leading or substantially contributing to total portfolio asset allocation.
• Familiarity with portfolio risk and analytics platforms and modern multi-asset risk frameworks.
• Experience working with external investment partners consultants or OCIO providers in an extension-of-staff capacity.
• Experience managing professionals and developing junior investment talent.

Additional Qualifications

Physical Demands
Lift and carry 25 lbs. frequent sitting/standing frequent keyboard use *patient care providers may be required to perform activities specific to their role including kneeling bending squatting and performing CPR.

Job Description Disclaimer: This position description provides the major duties/responsibilities requirements and working conditions for the position. It is intended to be an accurate reflection of the current position however management reserves the right to revise or change as necessary to meet organizational needs. Other responsibilities may be assigned when circumstances require.

Work Shift

Workday Day (United States of America)

Worker Sub Type

Regular

Employee Entity

Thomas Jefferson University

Primary Location Address

1101 Market Philadelphia Pennsylvania United States of America

Nationally ranked Jefferson which is principally located in the greater Philadelphia region Lehigh Valley and Northeastern Pennsylvania and southern New Jersey is reimagining health care and higher education to create unparalleled value. Jefferson is more than 65000 people strong dedicated to providing the highest-quality compassionate clinical care for patients; making our communities healthier and stronger; preparing tomorrows professional leaders for 21st-century careers; and creating new knowledge through basic/programmatic clinical and applied research. Thomas Jefferson University home of Sidney Kimmel Medical College Jefferson College of Nursing and the Kanbar College of Design Engineering and Commerce dates back to 1824 and today comprises 10 colleges and three schools offering 200 undergraduate and graduate programs to more than 8300 students. Jefferson Health nationally ranked as one of the top 15 not-for-profit health care systems in the country and the largest provider in the Philadelphia and Lehigh Valley areas serves patients through millions of encounters each year at 32 hospitals campuses and more than 700 outpatient and urgent care locations throughout the region. Jefferson Health Plans is a not-for-profit managed health care organization providing a broad range of health coverage options in Pennsylvania and New Jersey for more than 35 years.

Jefferson is committed to providing equal educational and employment opportunities for all persons without regard to age race color religion creed sexual orientation gender gender identity marital status pregnancy national origin ancestry citizenship military status veteran status handicap or disability or any other protected group or status.

Benefits

Jefferson offers a comprehensive package of benefits for full-time and part-time colleagues including medical (including prescription) supplemental insurance dental vision life and AD&D insurance short- and long-term disability flexible spending accounts retirement plans tuition assistance as well as voluntary benefits which provide colleagues with access to group rates on insurance and discounts. Colleagues have access to tuition discounts at Thomas Jefferson University after one year of full time service or two years of part time service. All colleagues including those who work less than part-time(including per diemcolleagues adjunct faculty and Jeff Temps) have access to medical (including prescription) insurance.

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