Associate Director, Investments (Private Equity)

Associate Director, Investments (Private Equity)

The Opportunity

If you are looking to belong to an organization that is focused on education, research, and impacting the world, you may be interested in this career opportunity. Penn State's multi-billion-dollar Long Term Investment Pool (LTIP) is a diversified program invested across a variety of asset classes and strategies.

The Office of Investment Management (OIM), together with Penn State Investment Council (appointed by the University's Board of Trustees), are charged with managing the LTIP for current and future program spending while preserving the long-term purchasing power of the overall portfolio. Wisely investing funds for Penn State will support future generations through education, while also contributing to the growth and development of Penn State.

Position Summary

The successful candidate will play a vital role in the strategic design and oversight of Penn State's investment portfolios. The Associate Director, Investments will report to the person leading private equity investing for OIM. As a key member of a growing investment team, the position will monitor existing investment managers and conduct due diligence on new investment managers. The position will make recommendations to improve the process, the existing portfolios, and support the overall mission.

The position will be primarily focused on private equity but offers an opportunity to have broad exposure to all asset classes and develop investment expertise in endowment management. As a member of OIM, you will be joining a team of individuals who have the ambition to help Penn State succeed.

Requirements to express an interest

Please note that a resume and cover letter are required as part of this application. All application materials must be uploaded at the time of application, as you will not be able to update your application once you hit submit.

Interested candidates are encouraged to learn more about our office at our website.

https://oim.psu.edu/

Expected Competencies - Experience, Knowledge, and Skills

The Pennsylvania State University seeks an experienced and dynamic investment professional that will challenge and assist in the evolution of our investment beliefs. Passion for investing and intellectual curiosity are necessary. The successful candidate will be able to work independently as well as in a collaborative environment with a diverse team.

The preferred candidate will possess:

• Ability to assist in monitoring, analysis, and research for a complex portfolio of illiquid investment strategies in the Private Equity portfolio and other portfolios as required.
• Ability to assist in due diligence of new and existing investment managers and strategies in the Private Equity portfolio and other portfolios as required.
• Ability to act as lead project manager on research, investment process, and operational projects on an ad-hoc basis. Ability to supervise and coordinate the work of Investment Analysts on ad-hoc projects.
• The ability to constructively challenge and respectfully debate topics, quickly synthesize information, and articulate complex investment issues and develop immediate credibility with a diverse audience and with people at all levels of understanding.
• Poise, presence, excellent written and verbal communication, critical thinking skills, and the potential to develop strong business relationships.
• Initiative and ability to manage multiple tasks; advancing projects from ideas to outcomes.

Minimum Qualifications

• This position requires a minimum of a Bachelor's Degree and at least 3 years of relevant experience or equivalent combination of education and experience. Relevant experience considered would include conducting investment manager research, sourcing, and due diligence in an institutional investment setting (pension fund, endowment, asset management, consultant etc.) or similar. MBA or similar master's degree, CAIA, and/or CFA Charter-holder or progress towards preferred.
• Willingness to travel meaningfully (25%), both domestically and less frequently internationally.

Flexible Work Arrangements

The position offers flexible work arrangements, such as in office, remote or hybrid work opportunities. Questions related to flexible work should be directed to the hiring manager during the interview process.

Conditions of Employment

Due to the financial and fiduciary responsibilities of this position, successful completion of a credit history check will be required in addition to standard background checks.

Benefits

Anticipated Salary $109,300 - $191,000 based on successful candidate's education, experience, and competencies.

Consider joining Penn State where you would enjoy a generous benefits package from the first day on the job!

The Pennsylvania State University is committed to and accountable for advancing diversity, equity, inclusion, and sustainability in all of its forms. We embrace individual uniqueness, foster a culture of inclusion that supports both broad and specific diversity initiatives, leverage the educational and institutional benefits of diversity in society and nature and engage all individuals to help them thrive. We value inclusion as a core strength and an essential element of our public service mission.

Apply online at https://apptrkr.com/5478794

CAMPUS SECURITY CRIME STATISTICS: For more about safety at Penn State, and to review the Annual Security Report which contains information about crime statistics and other safety and security matters, please go to http://www.police.psu.edu/clery/, which will also provide you with detail on how to request a hard copy of the Annual Security Report.

Penn State is an equal opportunity, affirmative action employer, and is committed to providing employment opportunities to all qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

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