Director of Debt & Investments

Hartford HealthCare•Hartford, CT

About The Position

The Director of Debt and Investments is responsible for managing the organization’s debt portfolio and strategic investments, ensuring alignment with financial objectives and long-term sustainability. The Director oversees debt issuance for capital projects, coordinates activities with Outsourced Chief Investment Officer (OCIO) for endowment, pension and captive investments, including strategic investment initiatives, such as healthcare venture funds and direct investments in early-stage companies. The Director ensures compliance with financial regulations and handles administrative functions related to these areas, ensuring smooth operations and alignment with organizational goals.

Requirements

Bachelor’s degree in Finance, Economics, Accounting, or related field
Ten plus years of progressive experience in debt issuance and investment management, preferably in a non-profit or healthcare setting
Non-profit debt issuance (tax-exempt bonds, private placements)
Endowment and pension fund management
Strategic investment planning and asset allocation
Venture capital and direct investments in early-stage companies
Experience collaborating with investment committees
Ability to effectively plan, manage and prioritize multiple projects at a variety of stages
Strong analytical and organizational skills
Strong problem solving and strategic thinking abilities
Effective written and verbal communication skills
Ability to work independently and in a fast-paced team environment

Responsibilities

Lead planning, structuring, and issuance of debt for capital projects, including tax-exempt and taxable bonds.
Lead debt-related financial modeling and scenario analysis.
Monitor compliance with debt covenants and regulatory requirements
Manage relationships with rating agencies, underwriters, and financial advisors ensuring timely and accurate communication
Monitor covenant compliance, interest rate exposure, and refinancing opportunities
Coordinate activities with Outsourced Chief Investment Officer (OCIO) relating to reporting and administrative activities of endowment, defined benefit pension and captive investments
Monitor performance of OCIO and ensure adherence to investment policy statements
Evaluate and execute funding of investments in healthcare venture funds and direct investments in early to late-stage startup companies
Monitor portfolio and warrant performance and report on strategic investment outcomes to senior leadership
Utilize platforms such as Backstop, Canoe, and Carta for investment tracking, reporting, and analysis
Collaborate with internal stakeholders to align investment strategies with long-term financial and strategic goals
Supervise administrative processes for both investment and debt functions
Identify and mitigate financial risks related to debt and investments