Managing Director

Location
Minneapolis, Minnesota
Salary
Competitive Compensation and Benefits
Posted
Nov 25, 2020
Closes
Dec 25, 2020
Ref
PIM3067
Industry Sector
Asset Management, Asset Owner
Employment Type
Full Time
Education
Bachelors

Organizational Description:

Founded by Carl R. Pohlad in the 1950s, the Pohlad Companies had its start in the banking and soft-drink bottling industries. Now managed by his three sons Jim, Robert and Bill, with third generation family members actively involved, the organization has four primary business groups. Operating Companies includes ownership and management of firms in diverse industries such as commercial real estate mortgage banking (NorthMarq), automobiles (Carousel Motor Group) and automation (PaR Systems); Real Estate includes commercial real estate development and investment activities, principally through United Properties LLC.; Sports and Entertainment comprises investments in the sports and entertainment industries including the Minnesota Twins Major League Baseball Club; and Investments includes direct and non-control investments in privately held companies and in financial instruments of varying duration and type. The Pohlad family and the Pohlad Companies have a deep commitment to the communities where they live and work, demonstrated through the Pohlad Family Foundation, along with the giving and engagement initiatives of its operating businesses and employees.

Position Purpose

The position of Managing Director provides portfolio oversight, monitors investment managers, and help source and evaluate investment ideas.

Key Accountabilities

Investment Management

  • Assist Chief Investment Officer in management of family portfolios with specific focus on asset allocation, risk management, and manager due diligence.
  • Develop, implement, and maintain organization-wide asset allocation/risk management analysis.
  • Work with Investment Controller in managing portfolio cash flow and liquidity.
  • Participates in Retirement Investment Committee

Investment Subcommittee Member

  • Interview potential managers for the various Pohlad portfolios.
  • Perform due diligence on potential managers and strategies
  • Approve and monitor investment managers; terminate managers or investment strategies as necessary
  • Monitor the various portfolios to verify that they are in compliance with the overall investment policy in terms of risk assessment, composition, and liquidity
  • Report to the Investment Committee on a quarterly basis regarding portfolio performance against benchmarks, actions taken in the various portfolios, and the results of any ad hoc projects assigned by the Investment Committee.
  • Build network of family offices and sophisticated investors to help source and evaluate investment ideas.
  • Review cash flow planning for each of the portfolios
  • Manage trade approvals, with CIO as backup

Supervisory Responsibilities - None

Required Knowledge, Skills & Abilities

  • Analytical Skills -- ability to review data, observe patterns, and draw logical conclusions.
  • Communication Skills - ability to present and explain research, reports, and analysis or advise others
  • Critical Thinking Skills a- ability to use logic and reasoning to solve complex problems.
  • Detail oriented - provide precise data analysis and ensure accuracy in findings.
  • Math Skills -- ability to use of principles of statistics, calculus, and other advanced topic in mathematics in economic analyses.
  • Writing Skills -- ability to present findings clearly, prepare presentations and reports,
  • Demonstrated commitment to the organization's core values
  • Demonstrated a strong work ethic and commitment to do what it takes
  • Excellent PC and Microsoft Office Suite, with proficiency in Excel
  • Strong interpersonal skills with an ability to gain the trust and confidence of business leaders building a 'value-added' relationship.
  • Ability to represent the firm well in relationships with external constituents, including portfolio company team members, service providers and deal and financing sources

Education and Experience

  • Related degree with excellent academic background, MBA a plus
  • 10+ years' experience. Experience in family office, chief investment officer or a family desired.

Work Environment

While performing the duties of this job, the employee will work primarily in an office environment. The noise level in the work environment is usually moderate.

Physical Demands

While performing the duties of this job, the employee may be prone to sitting for lengthy periods of time. The employee is regularly required to talk or hear. The employee is frequently required to stand, walk, sit; use hands to finger, handle, or feel; and reach with hands and arms. Occasionally, is required to hear objects, tools, or controls. Specific vision abilities required by the job include close vision. Lifting requirements may be required to lift and/or move up to 10 lbs. Employee is required to travel to business and customer locations, up to 30%.

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