Portfolio Manager

University of Chicago • Chicago, IL

1d • $187,000 - $231,000 • Hybrid

About The Position

The Investment Office is seeking a Portfolio Manager to become an active member of our investment team, a group of portfolio managers and analysts who value teamwork, intellectual curiosity, and collaboration. A successful candidate will have the opportunity to meet with leading investors from around the world, and their work will directly impact the financial foundation of the institution, ensuring continuation of the University of Chicago mission for current and future generations. The Portfolio Manager will work independently to analyze and recommend investment managers and strategies that support the long-term investment objectives of the University, with extra attention given to the portfolio’s risk tolerance and liquidity needs. The Portfolio Manager will maintain expert standards in manager due diligence and ongoing monitoring of the University’s investments. They will prepare and deliver verbal and written presentations to the CIO and internal committees, and they will review and confirm the work completed by others. The position will work jointly with the Senior Portfolio Managers and Managing Director and will provide guidance to less experienced staff.

Requirements

• Minimum requirements include a college or university degree in related field.
• Minimum requirements include knowledge and skills developed through 5-7 years of work experience in a related job discipline.

Nice To Haves

• M BA or advanced degree in finance, economics, or related field.
• Background investing globally is highly valued.
• A proven investor with a minimum of 5-7 years of relevant experience working as a direct investor, or manager of managers in an institutional, family office or plan sponsor workplace.
• C onstructing and executing investment and asset allocation strategies across a broad portfolio managed by a team.
• Previous experience coaching and developing more junior professionals.
• Chartered Financial Analyst (CFA) designation or work towards a CFA
• Superior analytical skills and a proven track record of incorporating quantitative and qualitative inputs; think strategically, analyze critically, and synthesize and effectively communicate complex strategies.
• A proven relationship builder with a strong network in the institutional investor community.
• C onstructively challenging, skillfully diplomatic, and respectfully debate.
• I dentify and manage risk within a portfolio.
• A demonstrated leader with the confidence and professional credibility to cultivate relationships with both internal and external constituents, and to make effective oral presentations representing the University of Chicago in a highly professional manner.
• Excellent judgement, high integrity and personal values consistent the values articulated by the University of Chicago’s leadership.
• An energetic, hardworking individual with a proven track record as a collaborator.
• A high level of intellectual curiosity.
• A team player who is easy to get along with and is comfortable working across teams.
• An interest in supporting the work of a university endowment.

Responsibilities

• Develops and implements a long-term global investment strategy and is primarily responsible for managing assigned investment portfolios.
• Identifies compelling investment opportunities, completes due diligence, manages the review of legal documents, negotiates terms, and monitors results.
• Monitors and manages relationships with existing external investment managers, researching broad investment trends, and evaluating and selecting new external managers.
• Manages diversification of portfolio by asset class, partnerships, manager style, industry, vintage year, life cycle, and geography.
• Forecasts allocations based on investment activity and directs pace of future investing.
• Prepares and delivers verbal and written presentations to the CIO and internal committees.
• Reviews and confirms the work completed by others.
• Assists in building the team’s reputation for professional excellence and credibility both inside the University of Chicago and throughout the investment management community.
• Works mostly independently to develop the Investment Policy Statement to achieve the University's goals.
• Collaborates with asset class specialists and risk management team to develop overall goals and strategy for the University investment funds.
• Tailors the strategy to the appropriate risk tolerance and liquidity needs for the University endowment and other investment funds.
• Uses a deep understanding of financial management to assess all asset classes and investments to provide a unique overall perspective across the staff's investment strategies.
• Performs other related work as needed.

Benefits

• The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off.
• Information about the benefit offerings can be found in the Benefits Guidebook .
• In addition to the base pay posted above, this position may be eligible for incentive compensation of up to 70% of salary.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees