The Community Foundation for Greater New Haven
The Community Foundation for Greater New Haven, the region's largest grantmaker and permanent charitable endowment, is seeking a qualified candidate for the position of Director of Investments. The Community Foundation’s mission is to inspire, support, inform, listen to and collaborate with the people and organizations in Greater New Haven to build an ever more connected, inclusive, equitable and philanthropic community.
In 2021, The Foundation launched Stepping Forward, a three-year supplemental funding commitment of $26 million to address the widespread immediate community needs caused by COVID-19 and to advance equity in Greater New Haven.
Title: Director of Investments
Reports to: Senior Vice President and Chief Investment Officer
FLSA Status: Exempt
The Director of Investments, as a member of the team responsible for stewarding over $650 million of charitable capital, is responsible for the active participation in the oversight, analysis, reporting, due diligence, operations, and communication for the investment portfolios and externally managed funds. The Director will report to the Senior Vice President & CIO and work in coordination with members of the senior leadership team, investment consultant, investment committee, and trustee banks in implementing the asset allocation, investment plans, and strategies.
- Conduct analysis of investments and execute on approved changes to the Foundation’s portfolio including analyzing, researching, monitoring and reporting on performance of investments, reviewing and rebalancing funds, reporting investment information, coordinating activities related to new investment relationships and preparing/coordinating all accounting and audit support related to investments (including ASC 820 fair value measurement) to provide proper due diligence and oversight of the foundation’s assets.
- Coordinate investment accounts to ensure proper stewardship of the Foundation’s assets
- Prepare presentations for the Investment Committee and organizational fund
- Stay current on market trends, innovative investment options and portfolio management through relevant publications and learning opportunities both locally and nationally to bring leadership on best investment practices, programs and strategies to the Foundation.
- Maintain strong working relationships with independent investment consultant, trustee banks, and other fund managers
- Maintain active relationships with other institutional investors, both locally and nationally, to enhance due diligence efforts, sustain meaningful partnerships, and continue the Foundation’s role as an investment leader among community foundations
- Participate in the due diligence on new managers and on-going due-diligence of existing managers
- Assist in the review and monitoring of the liquidity requirements of the Foundation
- Assist CIO in implementation of investment components of key strategic initiatives of the Foundation
- Assist compliance with adherence to the standards, policies, and practices pertaining to the Foundation’s status as a Connecticut Registered Investment Adviser
- Assist in the setting of agendas for quarterly investment meetings with independent investment consultant, trustee banks, and meetings of the investment committee with a focus on ensuring compliance with investment committee charter and IPS
- Assist in the annual review and update of Foundation’s IPS
- Serve as the liaison with the other Foundation departments to assist with the review of all new gifts, evaluation of the acceptability of non-cash gifts and evaluation of any non-standard agreements with donors to mitigate risk to the Foundation
- Interact with donors and professional advisors as requested on gift and investment matters to provide excellent service in support of the Foundation’s mission
- Participate in the review of investment manager agreements and subscription documentation
- Participate in the periodic portfolio review and risk analysis with the consultant and trustee banks
- Serve on cross-departmental teams
- Bachelor’s degree in accounting, math and/or finance, master’s degree preferred. Preference given to CAIA and/or CFA designees.
- Seven to ten years of experience in an institutional investment management environment
- Demonstrated knowledge of financial markets and investments and long-term investing strategies along with a broad, working knowledge of the finance/accounting functions with respect to investment management
- Self-motivated with an ability to think strategically and manage multiple projects concurrently
- Keen analytical skills, sound judgment, and the ability to handle and keep confidential sensitive information
- Ability to interact successfully with senior level executives as well as with internal management and members of the investment committee and board of directors.
- Exceptional interpersonal skills with the ability to work effectively with internal staff, board members, investment partners, donors and others, and respond to requests in a timely and service-oriented manner
- Proven success as a member of a diverse, multidisciplinary team with the ability to work in a complex environment requiring significant collaboration
- Exceptional written and oral communication skills, including the ability to develop high-level presentations for internal and external audiences covering complex financial information for a variety of audiences.
- Commitment to The Foundation’s mission and core values of integrity, diversity, vitality, collaboration, long-term vision, service, accountability and excellence
Please submit a resume/C.V. and cover letter to Human_Resources@cfgnh.org (Human underscore Resources) with the subject line “Director of Investments - Idealist.” Please also indicate how you found this job posting.
The deadline for submission of materials is January 29, 2021. No phone calls please.
The Community Foundation for Greater New Haven is an equal opportunity employer.