Investment Associate
- Employer
- Phillips Exeter Academy
- Location
- New Hampshire, United States
- Salary
- Salary Not Specified
- Date posted
- Aug 2, 2021
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Summary
Phillips Exeter Academy is seeking an Investment Associate to join the four person Investment Office overseeing Exeter’s $1.5 billion endowment. The Investment Associate role is a generalist role and will have broad exposure across public and private equity, hedge funds, and real assets.
Key Responsibilities
Education
Experience
Skills & Knowledge
Phillips Exeter Academy is seeking an Investment Associate to join the four person Investment Office overseeing Exeter’s $1.5 billion endowment. The Investment Associate role is a generalist role and will have broad exposure across public and private equity, hedge funds, and real assets.
Key Responsibilities
- Work closely with the Director and other team members on new
investment research and diligence.
- Conduct quantitative and qualitative research to analyze the market opportunity, strategy, and track record of a prospective investment manager.
- Assess the manager’s investment process, key employees, and organization.
- Participate in diligence calls and meetings and write meeting notes.
- Draft investment memos in collaboration with other team members.
- Help maintain manager pipeline, market maps, and capital planning reports.
- Portfolio monitoring and reporting
- Track and analyze performance, key return drivers, and exposures at the manager and portfolio level.
- Monitor and help to periodically re-underwrite existing managers.
- In collaboration with other team members, draft written recommendations for additions or redemptions from existing managers.
- Periodically produce written portfolio updates for the Investment Committee.
- In collaboration with the Director and other team members, produce analyses to support asset allocation decisions, private investment commitment pacing, and other periodic research projects.
- Supports Investment Committee material preparation, coordinating with other team members and Exeter’s investment consul
- Collaborate with the Director, operations colleagues, and outside legal and tax/accounting professionals as necessary to evaluate fund terms and any amendments.
Education
- Strong academic credentials, and MBA or CFA (or progress toward) a plus.
Experience
- 2 – 6 or more years of relevant experience.
Skills & Knowledge
- Advanced understanding of investment concepts.
- Self-starter with the ability to work individually and as part of a small team.
- Respect for diversity of identities and experiences, an orientation toward equity and inclusion, and cultural competency in all aspects of Academy life.
- Interest in working across a wide-range of asset classes and strategies. High degree of professionalism and judgment, with unquestionable integrity.
- Excellent quantitative, analytical, and communication skills, including the ability to perform accurate investment analyses and write clear investment memos.
- Ability to take ownership and work independently, handling multiple priorities and deadlines simultaneously.
- Superb attention to detail.
- Strong interpersonal skills and the ability to build and leverage effective relationships with external contacts.
- Ability and willingness to travel, sometimes on short notice.
- Discretion and ability to adhere to confidentiality policies is required.
- Excellent Excel, PowerPoint, and Word skills, and ability to learn additional applications as needed.
- A sense of humility and the ability to reflect and learn from mistakes.
- Ability to follow verbal and written directions, maintain a professional demeanor and restraint at all times, including stressful situations.
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