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Investment Associate

Employer
1199 SEIU Funds
Location
New York, New York
Salary
$72,000 - $90,000
Closing date
Jul 21, 2024

The 1199SEIU Funds are seeking a highly motivated candidate interested in a career in asset management to join our Investment Team.  The Investment Team is comprised of accomplished professionals from top investment houses and Wall Street firms.  This is a position with a firm focused on asset allocation across a broad array of asset classes and asset manager selection, it is not a trading-oriented or security selection position.

What We Are Seeking

We are seeking a highly motivated candidate to join our Investment Team.  The Investment Team is comprised of accomplished professionals from top investment houses and Wall Street firms.  This is a position with a firm focused on asset allocation across a broad array of asset classes and asset manager selection, it is not a trading-oriented or security selection position.

 

Responsibilities

  • Prepare and analyze investment performance, risk, and attribution report
  • Work with team members to research, due diligence and monitor external asset managers and prospective manager
  • Maintain private market manager screening evaluation tool to manage pipeline of opportunities
  • Help oversee and manage 401K manager options
  • Work with private market gatekeepers in identifying accretive tools to ensure more robust reporting and increase risk analysis
  • Actively participate in investment manager meetings
  • Assist with asset class research, identifying and reporting on trends within private and public markets that have impact on portfolios
  • Ensure integrity of data being utilized for the purposes of analyzing asset managers
  • Management and coordination of Investment Committee presentation materials
  • Management of manager cash movement communications
  • Work with the Investment Team in preparing and analyzing investment returns, performance attribution, and analytical reports
  • Work closely with the Investment Team to prospect, research, perform due diligence on, and monitor external asset manager
  • Work closely with Investment Team on data integration, total portfolio analytics, risk reporting, hedge funds and transactions reporting and implementing factor models for total portfolio and asset classes.
  • Work closely with the Investment Team in production of periodic asset class reports and reporting to support asset allocation analysis.
  • Maintain templates for receiving performance, portfolio and risk data from various gate-keepers, assimilating them in the risk system and 1199 reports
  • Assist in maintaining and improving modeling and reporting templates, validating results with back-tests and incorporating them in overall analytics and reporting package
  • Prepare ad-hoc reports as requested

Qualifications

  • Bachelor’s degree (preferably in Finance, Economics or another quantitative discipline) with outstanding academic performance that demonstrates strong analytical background and quantitative skills 
  • CFA Level l or higher preferred
  • 3 to 5 years of relevant investment-related work experience with institutional investor such as an endowment, foundation or pension fund 
  • Advanced skills in Excel and PowerPoint 
  • Prior experience with investment software such as MPI Stylus, FactSet and Blackrock Aladdin Risk is highly preferred 
  • High attention to detail 
  • Strong work ethic, independent problem-solving capabilities, effective communicator 
  • Intellectual curiosity with an interest in developing a career in asset management 
  • Collegial, team player 

Summary of 1199SEIU Funds

The 1199SEIU Funds provide pension and health benefits to over 200,000 working and retired union employees of leading private, not-for-profit healthcare organizations such as Montefiore Medical Center, Mount Sinai Medical Center, New York Presbyterian Hospital, and NYU Langone Hospital.  With approximately $17 billion of assets under management, we are one of the largest providers of union pension and health benefits in the nation.

 

We offer a competitive salary, an excellent fully employer-paid comprehensive benefits package and talented professional colleagues. For consideration and to apply, please visit us at https://phf.tbe.taleo.net/phf03/ats/careers/v2/viewRequisition?org=NBF1199&cws=41&rid=10396. Please mention you saw this ad in CFA institute. Interested candidates should submit a cover letter (explaining why this position is appealing and how you meet our required qualifications). We are an Equal Opportunity Employer.

 

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