Investment Operations Manager

About The Harry and Jeanette Weinberg Foundation

The Harry and Jeanette Weinberg Foundation, one of the largest private charitable foundations in the United States, is dedicated to meeting the basic needs of people experiencing poverty. The Foundation provides approximately $130 million each year in total grant activity supporting nonprofits that provide direct services in the areas of Housing, Health, Jobs, Education, and Community Services. Grants support organizations that serve a range of populations, including older adults, women at risk and their children, people with disabilities, and veterans, as well as the Jewish community.

The Foundation administers the majority of its funding in its priority communities: Baltimore, Chicago, Hawaiʻi, Israel, New York City, Northeastern Pennsylvania, San Francisco, and Rural Communities (primarily rural areas within proximity to other priority communities). Foundation funding extends to the greater metropolitan areas of the specific cities listed. All of these locations represent personal ties to the life and legacy of Harry Weinberg, as well as communities where Weinberg Foundation trustees reside and provide leadership. Since 1990, the Foundation has distributed grants totaling more than $2.5 billion.

Position Summary

The Investment Operations Manager position is a unique opportunity to work directly with senior management in a small, flat investment organization. The Foundation’s portfolio is invested globally across a broad range of asset classes and strategies. Reporting to the Chief Investment Officer, the Investment Operations Manager is responsible for a full range of compliance, monitoring, analysis, and reporting functions for a complex, multi-asset class endowment portfolio. This role has a versatile set of responsibilities that combine investment performance and compliance analysis, operational data management, and systems development tasks that formalize and strengthen investment operations. Given a special focus to the alternative asset class investments (private equity, hedge funds, private real estate, etc.).

The candidate must be collaborative, creative, intellectually curious, and passionate about investing.

Primary Responsibilities

  • Manage all aspects of back-office operations for the Foundation’s investment portfolio, to include overview of custody, accounting, reporting, transaction processing, data management, cash flow reporting, performance reporting; assist with operational due diligence and new investment account setup.
  • Maintain the official records and files of the investment portfolio by downloading and filing legal documents, periodic statements, audited financial statements, tax documents, and any cash transaction notices.
  • Develop work standards and procedures ensuring productive and efficient office performance and execution of administrative operations maintaining continuity of the department day-to-day operations and resolving matters through delegation and independent judgment.
  • Work collaboratively with the investment team to help monitor, track, and report on the investment portfolio.
  • Provide support to senior staff in all aspects of the investment process.
  • Work collaboratively with the internal finance team for account setup and maintenance.
  • Primary responsibilities include but are not limited to performance measurement and reporting, data management, and generation of reporting materials for the Board.
  • Manage ongoing relationships with various service providers, including custodians, consultants, legal, data analytics, etc.
  • Oversee procedures, processes, and reports relating to documenting the investment process.
  • Special projects as directed by senior management.
  • Serve as a liaison with auditors; responsible for providing data and answering questions relating to investments.
  • Occasional travel to service provider annual meetings and events.
  • Ensure accuracy of performance data monthly and update performance reporting software.
  • Prepare reporting for investment team and Investment Committee meetings.

Skills and Qualifications

The ideal candidate will possess the following skills and qualifications:

  • An undergraduate degree and excellent academic credentials – a degree in finance, accounting, or economics is preferred; bachelor’s degree or higher in finance or related discipline; MBA or similar master’s degree preferred. A CFA/CPA/CFP/CAIA is also preferred.
  • At least five years of professional, related full-time work experience – investment management experience is strongly preferred.
  • Superior communication and interpersonal skills, including the ability to work closely with an experienced and dedicated investment team.
  • Broad understanding of investment managers and strategies ideally combined with hands-on experience managing the monitoring and reporting of a large multi-asset class portfolio.
  • Excellent analytical skills, with the ability to work independently to achieve monthly report goals.
  • The ability to establish effective working relationships with external service providers and other constituents is integral.
  • Motivated self-starter with a strong work ethic and consistent attention to detail.

The ideal candidate will also demonstrate a strong appreciation for the endowment model of investing, the active management process, and alternative investment strategies.

The Weinberg Foundation is an equal opportunity employer. It embraces workforce diversity and is firmly committed to complying with all federal, state, and local equal opportunity laws. The Foundation encourages all qualified applicants to apply.

Interested candidates should submit a confidential resume and cover letter, along with salary range requirements, to jobs+omb@hjweinberg.org, no later than close of business on November 5, 2021. If the Foundation is interested in speaking with you, expect to be contacted within 30 days of submission. Please refrain from phone follow-ups. Thank you.

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