Senior Investment Analyst, Equity Strategies

https://trueplatform.com/positions/SIA_Margaret/

About Margaret A. Cargill Philanthropies
Margaret A. Cargill Philanthropies (MACP) is the umbrella over the grantmaking foundations created by the late Margaret Cargill: Margaret A. Cargill Foundation and Anne Ray Foundation. MACP provides meaningful support through long-term relationships with strategic grantee partners across seven program domains: Environment, Disaster Relief & Recovery, Arts & Cultures, Teachers, Animal Welfare, Quality of Life, and Legacy & Opportunity. The collective assets of MACP place it among the 10 largest philanthropies in the United States.

The two foundations have separate boards and investment portfolios but share a common mission of providing meaningful assistance and support to society, the arts, and the environment.

Margaret A. Cargill Foundation is a private foundation that came into existence upon Ms. Cargill’s death in August 2006. At year-end 2022, MACF’s assets are approximately $3.3 billion.

Anne Ray Foundation is a supporting organization, which may make grants only to beneficiary organizations specifically named by Ms. Cargill. Year-end 2022, ARF’s assets are approximately $4.7 billion.

MACP’s Philosophy of Grantmaking underscores the values and guiding principles of Margaret A. Cargill by: using education and innovation as a means to achieve core purposes; empowering people to be self-sufficient; maintaining a low profile while meeting the needs of others; supporting programs that could have a broad impact, having socially redeeming values and standards, and that value life; and relieving suffering in times of disaster. As a core element of its philosophy, MACP invests in long-term relationships with key grantee organizations in order to find solutions that are consistent with the values of both parties.

• To live more fully into our philosophy of grantmaking, we adopted a DEIJ vision statement to guide our work; view it online here. The motivation and guidance for this diversity, equity, inclusion, and justice work is drawn from our mission and vision, our direction from Margaret Cargill, and the caring and compassionate culture we strive for through work with grantees, partners, and each other. Embracing this vision will have a transformational influence on our organization, our partnerships, the work we do, and the impact we ultimately seek.
• MACP’s DEIJ Vision and the commitments embodied within are a living document, a guidepost, and they will evolve as we learn and grow. This statement is intended as a framework to guide our shared efforts as we develop the action steps and accountability measures necessary for the next phase of our work.

About Our Workplace

Our community of more than 115 employees brings expertise from a variety of professional and personal experiences. We are inspired by a common mission, shared values, and the difference we can make by working together.

In January 2023, we adopted our Employee Value Proposition (EVP) that shares our commitments to our team member’s careers. We are committed to ensuring a diverse workforce where all team members feel like they belong, and we put equity at the center of our approach to individual development. We make a robust investment in each team member’s professional development to ensure they can contribute meaningfully to MACP’s mission, grow in their roles, and achieve their career goals both within and outside of MACP. We also value staff retention, and the stability and consistency of a dedicated team. You can read our full EVP here.

We are also proud to offer a welcoming workplace that supports our employees’ health and overall wellbeing. We supplement that environment with activities throughout the year that promote collaboration, learning, and fun. Reflecting our investment in staff wellbeing, we have deepened our commitment to flexible work schedules and have implemented an innovative new approach to work arrangements in 2022. All MACP staff have a reduced workweek, with half-day Fridays, year-round, with the option of working remotely up to two days per week.

MACP’s home in Eden Prairie, Minnesota is a foundational aspect of our identity, reflecting an organizational commitment to sustainability, balance, and collaboration. In spring 2016, MACP completed a major building expansion, and our LEED Platinum certified building features include sustainable materials, outdoor meeting areas, a fitness room, and unique art and keepsakes from Ms. Cargill’s personal collection and others, that reflect our grantmaking and the communities where we work. Our space is a living reminder of our values.

Eden Prairie is part of the Twin Cities metro area including Minneapolis and St. Paul, which have over 3 million residents and together make up one of the metropolitan areas in the country. A unique blend of small town and major cosmopolitan hub, both urban cores boast a thriving business atmosphere.

For more information about MACP, please visit our website: www.macphilanthropies.org.

The Opportunity

MACP is seeking candidates who share the organization’s values and commitment to join our team as a senior investment analyst.

Job Purpose: The Senior Investment Analyst will be responsible for assisting the Equity Strategies Group in the management of investment portfolios for Margaret A. Cargill Philanthropies by aiding in day-to-day management matters as well as research and analytical support. Equity strategies include long-only equity, equity long/short, and private equity investments. The Senior Investment Analyst will be expected to share insights into the investment process above and beyond simply following directions given by their direct supervisor. The Senior Investment Analyst will report to and assist the Director of Equity Strategies in the sourcing, due diligence, and monitoring of investment opportunities and all strategic decisions related to the construction and management of equity strategies utilized within each portfolio and will be a part of the Investments team.

Primary Responsibilities:

• Assist with portfolio management activities for multiple managers/strategy portfolios including analysis, research, reporting, and portfolio administration.
• Provide insights into the investment management process based on their independent research and prior experiences.
• Identify and compile data as needed for manager and market analysis. Synthesize takeaways from the data and market analysis to provide value to prospective investment managers' due diligence process.
• Assist with manager due diligence and manager monitoring activities, including review of underlying portfolio investments, verifying compliance with guidelines, and documenting monitoring activities.
• Review, analyze, and reconcile performance reports prepared by third parties. Assess reports to identify trends and takeaways that may be relevant to team discussions.
• Provide analysis needed to support financial reporting including gathering information, reviewing third-party documents, and assessing valuations. Demonstrate an understanding of third-party documents and valuations.
• Assist in the development and implementation of investment operating procedures.
• Assist with day-to-day activities including developing investment orders (rebalancing orders, redemption notices, capital calls, etc.), maintaining investment databases, addressing compliance requirements, and maintaining appropriate investment documentation.
• Work collaboratively with finance staff to meet cash flow needs including developing models to project liquidity needs, monitoring available liquidity, and developing investment orders to raise additional cash needed for operating expenses and capital commitments.
• Perform periodic reviews of investment management activities to ensure compliance with investment policies and procedures.
• Assist in the coordination of relationships with consultants, advisors, and managers including monitoring contacts and planning upcoming events.
• Develop reports to illustrate investment-related activities and concepts to a variety of constituents.
• Perform research and analysis on various investment topics as identified by investment department leadership or investment committee/board members.
• Stay abreast of current market trends and developments.

This role reports to Christopher Vogt, Director of Equity Strategies

Education, experience, and qualification requirements:

• Bachelor’s degree in finance, economics, accounting, or a related field is required. Progress towards CFA designation preferred.
• For candidates with a bachelor’s degree in finance, economics, accounting, or a closely related field only, 5+ years of related work experience is preferred; including investment analysis, portfolio management, and/or performance reporting. Experience within active public equity is a plus.
• The education and experience requirements may also be satisfied by candidates possessing an advanced degree in finance, accounting, economics, or a closely related field who have relevant work experience including investment analysis, portfolio management, and/or performance reporting.
• Strong grasp of financial concepts, terms, and benchmarks including knowledge of asset allocation theory and modeling, benchmark analysis, and performance measurement.
• Ability to work independently to solve problems; proven analytical skills.
• Strong technical knowledge with a drive to learn new technologies. Superior skill in using tools such as Microsoft PowerPoint and Microsoft Excel.
• Previous experience with Private i software is a plus.
• Clear communication, a collaborative approach, and strong interpersonal skills are a must.
• Ability to work hands-on, delving into projects with strong attention to detail and emphasis on producing a high-quality work product.
• Proven ability to maintain the highest level of integrity and confidentiality in both internal and external relationships.
• Travel expectations: up to 30% estimated

Candidate Profile

Outstanding candidates for the Role position will offer many of the qualities, skills, and characteristics listed here.

We know that no candidate is likely to have every one of these qualities, so we encourage interest and applications from people who have the capacity to grow into the responsibilities listed and who bring transferable skills.  

Compensation and Benefits

MACP has identified a base salary range of $157K - $175K for this role. In addition, this role is eligible for an Investment Incentive Plan and the incentive target opportunity is 25%. The actual starting salary will be commensurate with years, breadth, and depth of relevant experience, education, certifications, credentials, special skills, accomplishments, and other factors relevant to the position.

MACP benefits are generous and include:

• Competitive compensation, including relocation support
• Professional development benefits, including opportunities to participate in relevant membership organizations and external learning activities
• Tuition reimbursement for employees pursuing college or advanced degrees or a certificate.
• Strong medical, dental, and vision benefits for staff and their dependents with competitive monthly premiums and flexible spending accounts
• Reduced work week for all staff, with half-day closures on Fridays, year-round
• Minimum of four weeks of paid time off, in addition to a week-long year-end office closure
• Retirement programs, including 401(k) matching at 5%, with access to employer-paid financial planning resources
• In addition, the Organization may provide a discretionary contribution to employees’401(k) plan that vests over a five-year period.
• Matching gift program for charitable donations
• Additional benefits such as an employee assistance plan, an onsite fitness room, paid parental leave, and tuition reimbursement

Physical Requirement and Work Environment

• The work environment is an office setting with a designated workspace at the Margaret A. Cargill Philanthropies office in Eden Prairie, Minnesota, and optional remote work up to 2 days per week.
• This position is primarily a sedentary role with an adjustable sit/stand desk.
• This position requires regular use of a computer to complete work responsibilities. It also includes regularly working with other office equipment and communication technology, such as videoconferencing, telephone, copy machine, and printer.
• The person in this position needs to occasionally move about inside the office to access file cabinets, and office equipment, attend meetings or events, etc.
• This role also frequently performs multiple tasks simultaneously and works closely with others as part of a team. Occasionally, the person in this role may be required to adjust to time pressures and frequent changes. Infrequently, this role may require an irregular schedule or overtime.

Margaret A. Cargill Philanthropic Services, LLC is committed to the full inclusion of all qualified individuals interested in this role. As part of this commitment, we will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Cameron Reeves at creeves@macphil.org.

The above statements are not intended to encompass all functions and qualifications of the position; rather, they are intended to provide a general framework of the requirements of the position. Job incumbents may be required to perform other functions not specifically addressed in this description.

Application Process
Learn more about what to expect in our application process on our website: https://www.macphilanthropies.org/careers /

To apply, please send a resume to aaron.clubb@truesearch.com

Commitment to Diversity, Equity, Inclusion, Equal Opportunity, and Accessibility
We know that engaging, building trust, and making a difference relies on the collective wisdom and strength of a truly diverse organization. With this in mind, we strongly welcome the interest of people who bring a variety of lived experiences, including people of color, all gender identities, people from the LGBTQ+ community, people with disabilities, and others who are excited to contribute their skills to our work.

Margaret A. Cargill Philanthropies is an equal opportunity employer, and we consider applicants without regard to race, color, religion, gender, pregnancy, sexual orientation, age, national origin, marital status, citizenship, disability, veteran status, or any other protected characteristic as established under law.

MACP is committed to the full inclusion of all qualified individuals. As part of this commitment, we will ensure that persons with disabilities are provided reasonable accommodations.