Senior Investment Associate

Kingston, Ontario
Competitive Compensation Package
Sep 29, 2017
Oct 17, 2017
Passed CFA Level I
Employment Type
Full Time

JOB SUMMARY:                                                           

Reporting to the Manager, Investment Services, the Senior Investment Associate provides broad-based support for the University’s investment operations as they relate to the endowment, pension plan, short-term cash reserves, and other assets with an aggregate value in excess of $3.6 billion. The incumbent will generate reports on portfolio holdings and returns, monitor compliance at the investment manager and fund level, investigate investment opportunities for the University’s short-term cash reserves and Sinking Fund, and provide operational support for currency hedging requirements. The Senior Investment Associate also provides analytical support to the investment team based on investment and industry knowledge and participates in investment manager due diligence.


  • Work with team members to ensure the timely, accurate, and effective reporting and analysis of asset holdings and returns across the Pooled Endowment Fund, the Pooled Investment Fund, the Queen’s Pension Fund, Sinking Fund, and Short-Term Fund
  • Assist with the development and production of comprehensive reports on investment returns (actual and benchmark) and risk, both at the manager level and total fund level
  • Assist with the production and distribution of reports to the Investment Committee and Pension Committee of the Board of Trustees
  • Review manager investment portfolios and ensure that they comply with manager mandates and investment policies
  • Ensure foreign exchange transactions are prepared, recorded, confirmed, and settled on a timely and accurate basis and investigate discrepancies with counterparties and custodian as required
  • Support the investment decision-making process for the Short-Term Fund and Sinking Fund by communicating with market dealers and summarizing suitable investment opportunities for consideration
  • Process transactions for the Short-Term Fund and Sinking Fund as required
  • Generate working papers in support of the annual financial statements for the Queen’s Pension Plan
  • Assist with the rebalancing of assets amongst investment managers within each fund
  • Assist with presentations for Queen’s senior administration and Board of Trustees
  • Act as a liaison to investment managers, trustees, and Queen’s administration on matters relating to the investment function
  • Liaise with custodian on a frequent basis on various operational issues including reporting discrepancies, asset transfers, cash flows, and corporate actions. This involves a knowledge of the systems used by the custodian bank for viewing asset details and cash flows
  • Assist the Director and Manager in the due diligence of investment managers by participating in quarterly meetings and conference calls
  • Assist with the completion and reporting for various investment related surveys as needed
  • Act as a primary support to the Manager for special projects and / or initiatives
  • Perform various administrative duties relating to the investment function, as needed


SPECIAL SKILLS:                                                      

  • Understands investment principles and portfolio management concepts for the investment of assets for a pension fund / endowment as well as performance measurement concepts and calculations
  • Knowledge of investment concepts including equities, fixed income, derivatives, foreign exchange, money markets. Awareness of alternative investments such as private equity, hedge funds, commodities, infrastructure, and real estate considered an asset
  • Strong analytical skills (qualitative and quantitative), including the ability to think through problems, assess a variety of factors and recommend a solution
  • Excellent interpersonal skills to deal with investment managers, investment consultants, custodian bank and senior university officials
  • Strong communication skills (written and oral)
  • Must be extremely detail oriented, organized and thorough
  • Self starter, confident, innovative, team player
  • Results orientation, combined with an ability to work independently and with minimal supervision
  • Must be able to work to deadlines, and adapt to a rapidly changing environment while maintaining high productivity levels
  • Excellent knowledge of Microsoft Excel, Word, and PowerPoint


  • Portfolio management – Assess liquidity needs within each fund and recommends amounts needed to be transacted between accounts
  • Portfolio analysis and reporting – When discrepancies arise in asset values or performance returns, decide which are acceptable based on tolerance levels and which require further investigation
  • Allocates time, prioritize tasks and determines workflow. Continually assesses and adjusts priorities and manages tasks in a fast-paced, time-sensitive and demanding environment.
  • Find solutions to unanticipated problems within guidelines, and decide whether the complexity of the problem warrants the involvement of senior staff.
  • Determines type and level of information needed by the management team to support decision-making, and if or when escalation is needed.