Investment Director

Location
Texas, United States
Salary
Salary Not Specified
Posted
Jun 16, 2020
Employment Type
Full Time
Posting Details

Job Title Investment Director Department VP for Investments/Treasurer Full Time/Part Time Full-Time Requisition Number S20488 Open Date 06/16/2020 Close Date Salary Information

Salary Commensurate with Experience and Qualifications

Work Schedule

Monday through Friday, 8 a.m. to 5 p.m.
Occasional night and weekend work may be required

Benefits Eligible Yes Eligible for Overtime No Position Summary

The Rice University Endowment is approximately $6 billion and ranks in the top 20 endowments of private research universities (by market value) in the US. The endowment is critical to the university’s ability to achieve its goals. The annual distribution from the endowment funds nearly half of the university’s annual operating budget. The Rice Management Company ( RMC ) is a division of Rice University with the goal of providing a stable source of funding for current university operations and to preserve and grow the purchasing power of the endowment to benefit future generations of students. The RMC is responsible for all endowment matters of the university including asset allocation, the selection and termination of investment managers, monitoring performance of the portfolio, and reporting to the Rice Management Company Board of Directors. The endowment primarily utilizes outside investment managers and invests globally across all asset classes.

The investment director is actively involved in all aspects of investment and manager research for the Rice Endowment. This position focuses on one or two of the asset classes within the endowment. S/he monitors existing investments and evaluates potential investments.

Education Required Bachelor's Degree Major/Discipline Substitution for Education Requirement Experience may not be substituted for the education requirement. Education Preferred

Strongly prefer MBA or other advanced degree

Experience Required 8 years Type of Experience

Eight years of related experience

Substitution for Experience Requirement Education may not be substituted for the experience requirement. Experience Preferred License/Certification Required License/Certification Preferred

CFA designation

Skills Required

- Strong investment track record
- Good written and oral communication skills
- Strong work ethic and willingness to work until the task is completed successfully
- Ability to work in a small team environment
- High moral character
- Expertise with computer programs, Excel, PowerPoint, internet research

Skills Preferred Internal / External Contacts

Internal: Regular contact with other Rice University staff
External: Regular contact with external partners

Physical Demands

Long period of time working in front of a computer (up to eight hours)

Working Conditions

May be required to work extended hours, on weekends and in the evenings, as needed to complete work assignment

Essential Personnel

Position is not considered essential during a campus emergency.

Rice University Standard of Civility

Serves as a representative of the University, displaying courtesy, tact, consideration and discretion in all interactions with other members of the Rice community and with the public.

Security Sensitive

As defined under the Texas Education Code and Rice Policy No. 425 , this position is security sensitive and employment in this position is contingent upon the successful completion of a background check.

Special Instructions to Applicants

This search is being handled by a search firm, Russell Reynolds Associates. Applicants who wish to be considered should send their resume, a writing sample, and a cover letter to the following email address: Heather.Stein@russellreynolds.com.

Quick Link for Posting http://jobs.rice.edu/postings/23801
Essential Functions

- Conducts on-going monitoring of the existing portfolio, including meetings with current and prospective managers, analysis of returns, holdings and sectors
- Prepares and presents reports for the routine review of asset class level performance
- Actively monitors and reports on portfolio risk and exposures, make recommendations on changes
- Proactively identifies and maintains a list of prospective investments
- Leads the manager due diligence process
- Ensures comprehensive files exist on all portfolio managers
- Negotiates investment manager contracts and terms
- Develops and maintains asset class models and databases
- Develops and presents research on attractive investment themes
- Participates in investment research projects from asset allocation to security level review
- Assists in the preparation of materials for quarterly board meetings
- Co-manages investment analyst and associate team

Additional Functions or Information

Job Duties

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