Investment Associate

Beth Israel Lahey Health•Boston, MA

1d•$90,000 - $115,000•Onsite

About The Position

The Investment Associate plays an integral role in our investment process. Most often, your work will focus on diligence of new and existing public and private investment managers. This includes both quantitative and qualitative assessments, such as analyzing portfolio construction and holdings, dissecting performance, reading manager letters, and participating in diligence calls and meetings. Equally importantly, you will also actively contribute to internal discussions as we determine whether to make or maintain an investment, and if so, how much capital to commit. Through this process, you will meet exceptional investors and begin to develop your own investment philosophy, which will shape your role in evaluating and selecting managers. You will also play an important role in developing materials for our quarterly meetings with the Board of Managers, and for meetings with our investing partners who participate in the BILH or CJP pool. These materials range in scope and may cover insights from recent manager meetings, updates on our portfolio performance and positioning, or broader topics, such as an evaluation of a specific asset class or investment strategy. We also look to each team member to make meaningful contributions to the continued intellectual growth of the Office. You will actively participate in all our meetings, and we will value your ability to think independently. We also value fresh, new perspectives to help us improve our investment process, develop new and better analytics, and to raise interesting questions about existing or prospective managers. Your initiative determines how much you can achieve. Joining our team presents a unique opportunity for personal growth, while positively impacting the further development of the Office. Your success also provides the opportunity to make a meaningful contribution to institutions that are critical to the delivery of healthcare locally and to philanthropic efforts globally.

Requirements

Curious, analytical, intellectually honest, driven, persistent, collaborative, and purpose-oriented attributes.
Undergraduate degree (major agnostic) with demonstrated achievement.
Pursued interests and/or actual work experience that leads to informed and differentiated decision making.
Broad personal and professional interests and experiences that shape a unique perspective as an investor.

Responsibilities

Diligence of new and existing public and private investment managers, including quantitative and qualitative assessments.
Analyzing portfolio construction and holdings, dissecting performance, reading manager letters, and participating in diligence calls and meetings.
Contributing to internal discussions regarding investment decisions and capital commitment.
Developing materials for quarterly meetings with the Board of Managers and meetings with investing partners.
Making meaningful contributions to the continued intellectual growth of the Office.
Actively participating in all team meetings.
Improving the investment process, developing new analytics, and raising questions about managers.