Managing Director - Investment Office

Carnegie Mellon University, located in Pittsburgh, Pennsylvania, is a global top-tier, private research university founded in 1900 by industrialist and philanthropist Andrew Carnegie. A birthplace of innovation throughout its greater than 120-year history, Carnegie Mellon is recognized for arts and technology programs, collaboration across disciplines, and leadership in educational excellence.

Created through generous gifts and augmented by careful financial stewardship, Carnegie Mellon’s $3.1 billion endowment serves as a key strategic and growing asset to support the university’s research and education mission. Carnegie Mellon’s Investment Office manages the endowment portfolio and the university’s other long-term financial investments with a growth orientation. The investment portfolio comprises premier investment management firms across the globe with an emphasis on private equity, including VC, growth, and buyouts, as well as hedge funds and traditional investments. As a leading research university, Carnegie Mellon has excellent access to the best investment opportunities and investment managers in the world. Carnegie Mellon has high expectations for its investment portfolio. The importance of our mission and the diversity of our activities foster a challenging, intellectually stimulating, and driven work environment that we balance with an inclusive and collaborative approach.

We are seeking an Investment Director to join our team. This is an exciting opportunity if you thrive in an interesting and challenging work environment. Working in collaboration with Carnegie Mellon’s Chief Investment Officer and other team members, the successful candidate will play a key role in helping to manage the investment portfolio.

The Director’s responsibilities will include:

• Discover, source, evaluate, underwrite, and monitor investment funds across various strategies, with existing managers and managers representing new university relationships.
• Conduct extensive investment manager due diligence, both qualitative and quantitative.
• Prepare presentations for the university’s senior administration and for Investment Committee (IC) quarterly update meetings.
• Provide investment insights and actively participate in manager vetting processes and Investment Office discussions.
• Represent the Investment Office in meetings with external managers and other third parties.
• Manage the creation of systems and models for monitoring the overall investment portfolio as well as individual existing and prospective investment managers.
• Memorialize meeting and other notes through active use of office CRM.
• Prepare memoranda detailing investment recommendations to the IC.
• Train, supervise, and mentor junior staff members and work to promote collegial, respectful, and professional culture.

As a valued employee to our organization, the successful candidate will be able to make immediate contributions to the development of the investment program. We are looking for someone who can take initiative and produce results, who can work effectively on an independent basis, and also work collaboratively with a highly talented team. Keys to success will include excellent communication and interpersonal skills, sharp relationship development abilities, and strong presentation skills. The successful candidate must demonstrate high standards of professional ethics and integrity, as well as a passion for working in an entrepreneurial, mission-based organization.

The Director will be expected to travel both domestically and abroad, principally to meet with the university’s current and prospective external investment managers to learn about their firms and strategies and perform due diligence.

Due to the nature of the work and underlying mission, occasional evening and weekend work is required.

Flexibility, excellence, and passion are vital qualities within the Investment Office. Inclusion, collaboration, and cultural sensitivity are valued competencies at CMU. Therefore, we are in search of a team member who can effectively interact with a varied population of internal and external partners at a high level of integrity. We are looking for someone who shares our values and who will support the mission of the university through their work.

Qualifications:

• Bachelor's degree required; Master's degree preferred
• Chartered Financial Analyst certification (CFA) preferred, but not required
• Minimum 10 years of relevant experience required
• Demonstrated knowledge of portfolio management and investment management, relevant market issues, and statistical concepts, methods and models (including application).

Requirements:

• Successful background check.

Are you interested in this exciting opportunity?! Apply today!

CMU’s COVID-19 Vaccination Requirements: As a condition of employment, Carnegie Mellon University requires all staff and faculty working in the United States to be fully vaccinated, including a booster when eligible, against COVID-19. Prior to commencement of employment, new hires in the United States must provide proof of vaccination or obtain an approved exemption. (Exemptions may be requested for medical reasons or for religious or strong moral or ethical conviction.) Those granted an exemption must comply with all applicable COVID-19 mitigation requirements. The most up-to-date information on CMU's COVID-19 mitigation requirements can be found here: Minimum Requirements to Return to Campus .

Location

Pittsburgh, PA

Job Function

Investment

Position Type

Staff – Regular

Full Time/Part time

Full time

Pay Basis

Salary

More Information:

• Please visit “ Why Carnegie Mellon ” to learn more about becoming part of an institution inspiring innovations that change the world.
  
  
• Click here to view a listing of employee benefits
  
  
• Carnegie Mellon University is an Equal Opportunity Employer/Disability/Veteran .
  
  
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