Director of Investments
POSITION: Director of Investments
DEPARTMENT: Investments REPORTS TO: Chief Investment Officer
DATE: January 2019
UJA-Federation of New York cares for those in need, rescues those in harm’s way, and renews and strengthens the Jewish people in New York, in Israel, and around the world. As the largest local Jewish federation in the world, UJA-Federation has been a critical actor in the historic work of North American Jewry in Israel over the past 60 years.
The Investment Office manages the endowment and pension plan assets of the UJA-Federation of New York. The assets are invested with external managers globally across a broad range of asset classes and strategies including public equity and credit, hedge funds, private equity and credit, and real assets.
The Director of Investments will work closely and collaboratively with the Chief Investment Officer and the Investment Office to develop and execute investment strategy. The ideal candidate will bring a broad capital markets knowledge base and will advise on investment strategies, portfolio construction, manager selection, and asset allocation across all key asset class areas. The individual must have the ability to articulate and defend opinions backed by rigorous analysis through both oral and written communication.
- Work collaboratively to select investment strategies
- Review existing and potential investment opportunities and themes and initiate recommendations for manager selection and/or termination as appropriate. Complete analytical reviews to evaluate the relative performance of each manager
- Evaluate overall portfolio strategy, asset allocation, and risk management through rigorous analysis and a strong understanding of underlying assets and exposures of the portfolio
- Maintain knowledge of global capital markets and macro and microeconomic conditions in an effort to determine how those conditions might impact or present opportunities for the portfolio
- Support management of the investment process, including selecting strategies; sourcing investment managers; and performing due diligence, document review, and continuous evaluation of portfolio performance and risk
- Coordinate the production of materials for Investment Committee meetings. Write investment memos and asset allocation or risk papers as necessary
The successful candidate will have a strong investment philosophy with a deep knowledge of managers and strategies across a variety of asset classes, regions, and sectors. This individual will possess experience in analyzing and monitoring investments, risk management, and managing the investment process. The individual will have the ability to work well with others and interface with managers, service providers, and UJA-Federation’s professional and lay leadership. The candidate will be an intellectually curious, self-motivated individual who is analytical and detail-oriented and has excellent written and oral communication skills.
- Seven to ten years of institutional investment management experience, preferably at an endowment, foundation, plan sponsor, or consulting firm
- Knowledge and experience investing across asset classes, especially alternative asset classes including hedge funds, private equity, venture capital, real estate, and real assets
- Self-motivated with a strong ability to prioritize responsibilities and work on multiple projects with limited direction
- Detail-oriented and analytical, with the ability to think critically and constructively challenge others
- Strong knowledge of quantitative techniques and risk management
- Proven ability to effectively manage a small team within a lean operation without heavy support staff, overhead, or hierarchy
- Availability to travel as neededEDUCATIONAL REQUIREMENTS
- Bachelor’s degree from a top-tier institution is required
- M.B.A. and/or CFA is preferred