Investment Analyst, Public Investments (36 month term)

California Endowment•Oakland, CA

1d•Hybrid

About The Position

The Investment Team at The California Endowment is seeking an Investment Analyst, Public Investments, to join a highly motivated and collaborative team based in Los Angeles, Oakland, and San Diego, California. This position is a 36-month term appointment. The California Endowment (TCE) resolved to begin a transition to align 100% of its ~$4.0 billion in assets with its mission, also known as going “All In,” while seeking to earn a market rate of return. Given the structure of the existing portfolio, responsibly shifting all the Foundation’s assets toward mission/impact and TCE’s vision will be an ongoing and evolving process across a long-time horizon. The Investment Team is responsible for investing and managing the Endowments portfolio and bringing about the desired alignment with mission. To support these efforts, all members of the Investment Team are responsible for a set of activities and actions that seek best in class managers that can support the dual objectives of generating market rate returns and mission/impact alignment as defined in TCE’s Investment Policy Statement. The Investment Analyst, Public Investments is a 36-month role within a highly motivated and collaborative Investment Team co-located in Los Angeles, CA, Oakland, CA and San Diego, CA. Reporting to the Investment Manager, Public Investments, the Investment Analyst is responsible for supporting work across a range of asset classes, including, but not limited to global public equities, hedge funds, and fixed income. The Investment Analyst is responsible for providing analytical support to the sourcing of new investments, due diligence on new/existing investments, and taking ownership of projects as assigned by the Investment Manager and/or Managing Director.

Requirements

Passion for investing with a curiosity to understand financial markets
Strong analytical, quantitative, and communication skills
Financial modeling skills and general knowledge of portfolio theory and capital markets
Self-starter with ability to take initiative and collaborate with colleagues
Proficient knowledge of Microsoft Office applications
Commitment to the Endowment’s mission and high level of professionalism
Undergraduate degree with 0-3 years’ experience at an endowment, foundation, family office, investment firm, or investment consultant

Nice To Haves

While not required, progress towards CFA and/or CAIA is a plus

Responsibilities

Provide general analytical support for existing and/or prospective investments, including assisting with manager meetings, due diligence, and preparation of investment memos
Assist with the monitoring of existing investment managers by actively participating in manager meetings, gathering data on managers, and preparing analytical reviews of managers
Conduct asset class and portfolio level qualitative and quantitative analysis, including gathering exposure information
Prepare topical research reports and conduct ad hoc research as required
Assist with operational aspects, including acting as a liaison between managers, Endowment Investment Operations, and Endowment Finance
Cultivate relationships with institutional peers and managers to stay informed of market trends
Develop investment skills and contribute to knowledge sharing amongst the Investment Team
Participate in TCE initiatives, including training in alignment with Trust Based Philanthropy (TBP) and in support of TCE’s mission of Advancing Racial Equity (ARE).

Benefits

Shared medical and dental premiums for employees and eligible dependents
100% employer-paid benefits: vision, life and AD&D, STD, LTD and employee assistance program
Health Care and Dependent Care Flexible Spending Accounts
Reimbursement towards gym fees and/or wellness program and mental health care
9-80 schedule with synchronized off days
Hybrid work schedule available for most positions
11 paid holidays + paid winter holiday closure
Generous paid time off (PTO)
401k plan with generous employer match and contributions
Matching gifts program
Paid parking or public transportation subsidy
Professional development and training opportunities
Tuition Reimbursement Program
Monthly BYOD stipend