Manager, Investments
- Employer
- Providence Health
- Location
- Renton, Washington State (US)
- Salary
- Salary commensurate with experience.
- Closing date
- Jun 26, 2021
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- Job Function
- Corporate Finance, Investment Advisor/Consultant
- Industry Sector
- Finance - General
- Employment Type
- Full Time
ORGANIZATIONAL INFORMATION |
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Company: |
Providence St. Joseph Health |
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Region: |
Providence St. Joseph Health Shared Services |
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Department: |
Treasury |
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Reports To: |
Chief Investment Officer |
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Key Relationships |
Treasury/Investment Staff |
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External Asset Managers |
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Investment Advisers/Custodian |
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GENERAL SUMMARY |
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To support the functions of the Treasurer and Investment Office in a variety of financial functions pertaining to long-term assets, cash balance and defined benefit retirement funds, and defined contribution and deferred compensation plans |
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ESSENTIAL FUNCTIONS |
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Assist with the formulation of strategic asset allocation targets and associated parameters as expressed by the Investment Policy Statements of the various investment pools |
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Analyze and direct implementation of asset allocation strategy through cash securities, derivative instruments, exchange-traded funds and external investment managers |
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Supervise manager due diligence processes for both existing and prospective investment managers, focusing on strategies within the Plan's liquid asset classes (equities and fixed income), including development, supervision and regular review of the manager roster |
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Oversee preparation of investment performance reports and associated information needed for investment decisionmakng and to ensure that the Treasurer, Chief Investment Officer, Investment Review Committee, internal business partners and other interested parties are informed of investment management operations and results |
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Supervise production and maintenance of manager due diligence memos and associated risk and performance reports with a focus on public equity and fixed income managers |
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ADDITIONAL RESPONSIBILITIES (NON-ESSENTIAL FUNCTIONS) |
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To analyze and monitor the System investment portfolios, including reviewing monthly/quarterly/annual performance of the portfolios and associated investment managers, including the reports provided by external investment advisors and System custodian |
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To assist in monitoring the contractual provisions of the investment managers and other service providers to ensure compliance with contractual provisions and guidelines and the restrictions of the various Investment Policy Statements |
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To monitor asset class allocations relative to targeted allocations and review rebalancing activity with investment staff, custodian, and external investment managers |
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To facilitate the onboarding process for new investment managers and coordinate liquidations related to terminated investment mandates |
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To act as a liaison to the Investment Review Committee and other investment review processes as needed and contribute to the associated meeting agendas, related materials and production of the meeting minutes |
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To supervise/direct work to junior investment staff and mentor their professional development |
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To provide ongoing updates to the CIO and investment team regarding the investment philosophy, process and performance for managers in the public equity, public fixed income, and hedge fund asset classes |
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EDUCATION |
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Required-Preferred |
Education Level |
Major/Area of Study |
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Required |
Bachelor's Degree |
Finance/Economics |
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EXPERIENCE |
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Required- Preferred |
Minimum Experience |
Details |
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Required |
7 years |
Qualitative and quantitative investment manager research experience, including equity, fixed income, and hedge fund managers |
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Preferred |
5 years |
Performance and risk modeling of investment portfolios, investment managers, and associated risk exposures |
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KNOWLEDGE, SKILLS and ABILITIES |
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Required- Preferred |
Knowledge/Skills/Ability |
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Required |
Ability to analyze information, evaluate results to choose the best solution and solve problems. |
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Required |
Demonstrated analytical skills and data-driven approach |
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Required |
Demonstrates excellent judgment and decision making skills |
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Required |
Ability to prioritize responsibilities and to organize workload to ensure that timeframes are met and the work is successfully completed within deadlines. |
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Required |
Demonstrated ability to define, develop, and analyze performance measures and metrics. |
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JOB SPECIFIC KNOWLEDGE, SKILLS and ABILITIES |
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Investment manager research |
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Portfolio construction |
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Portfolio risk and attribution analysis |
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LICENSURES and CERTIFICATIONS |
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Required/Preferred |
Time Frame |
Licensures/Certifications |
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Preferred |
Chartered Financial Analyst |
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