Private Equity-Director

FM•Norwood, MA

1d•Onsite

About The Position

FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

Requirements

BA or BS required; MBA, CFA, CAIA or other advanced degree related to investments, economics, finance, or quantitative analysis preferred
8+ years of relevant experience in investments, financial markets and/or financial risk management
8+ years of global financial market experience across asset classes
Global financial markets, investments, risk management and economics related experience across asset classes, and risk and quantitative analysis
Broad knowledge in the financial markets and investments across asset classes
Strong inter-personal, communication, presentation, analytical and collaboration skills
Experience collaborating with other internal stakeholders and partners – investment accounting, legal, tax and other departments
Ability to operate as an effective tactical as well as strategic thinker with flexibility to adapt to and positively influence new processes/infrastructure
Strong mentoring and coaching experience with excellent judgement and creative problem-solving skills including negotiation and conflict resolution skills
Fast learner with a strong teamwork-based mindset, and passion for financial markets, corporate finance and investment risk management
Collaborative mindset, people management skills and leadership experience required
Expert knowledge in using Bloomberg, and FactSet, similar investments systems, as well as experience to be able to apply expertise to any new investment risk management and accounting related, and order entry systems

Nice To Haves

Investment banking and related valuations, modeling experience would be a plus.

Responsibilities

This is a mid to senior level role, working closely with VP, Private Alternative Investments and collaborating with colleagues, including other mid to senior level Investments staff, especially with Private Markets, Asset Allocation, and Investment Operations.
The primary focus of the incumbent will be on private equity (private equity, growth, venture) investments, in collaboration and guidance of VP, Investments, with our external investment management partners.
This role will also collaborate in helping manage broad and/or specific aspects of portfolio construction related to the external mandates in private equity/growth/venture markets.
Responsibilities will also include relevant collaboration on risk and performance analytics across private equity markets, allocation within a diversified institutional portfolio.
The incumbent will also be supporting economic and financial markets-related projects and initiatives related to the private equity landscape, to help inform portfolio construction and related asset allocation strategy considerations.
The role’s primary focus will be private equity investments managed by our external investment management partners as well as co-investments and direct investments.
This role will help diligence new fund vintages of existing fund commitments and also assist in identifying and sourcing private equity opportunities through investment managers, sponsor relationships, other intermediaries, and direct channels.
The role is expected to be very proficient with concepts relevant to private equity including financial modeling, valuations, transaction terms and structures.
Investment banking and related valuations, modeling experience would be a plus.
Success in this role will depend on prudently delivering on key aspects of helping build an optimal portfolio with a good understanding of the fit within the total portfolio.
Therefore, while private markets will be the primary focus of this role, a reasonable understanding of the broader investment landscape, liquidity considerations, and in general, private markets investing would be key to succeeding in this role.
Related experience in diligence and collaborating to help construct portfolios with private markets investment products with a strong understanding of the objectives of the overall investment process would be extremely helpful for the individual’s success in the role.
This role will play an important part in the performance across private equity investments, and jointly serve as an interface for the investment team with the external investment managers, sponsors and intermediaries.
This includes researching new investments, new and existing manager diligence and underwriting, allocation or re-allocation decisions, communication to and from investment managers, monitoring performance and risk of the portfolio.
This role will also bring in best practices, macro-economic and market outlook intelligence from the private equity landscape for the benefit of the broader portfolio.
The role will closely work with investment operations, legal, tax and other support functions as helpful, to ensure seamless management and timely execution of the commitments within the private equity portfolio.
Externally managed private equity portfolio construction
Work with portfolio management leadership and CIO to build and develop strategy
Work with Asset Allocation team to help define focus areas for strategy selection, manager diligence
Monitor current portfolio and strategies for optimal portfolio construction and evolution
External Manager, General Partner (GP) diligence, selection and underwriting and monitoring
Build, maintain relationships with existing, new investment management partners, sponsors and intermediaries
Have periodic portfolio review meetings, calls to stay updated on performance and it’s drivers, risk, views and positioning
Explain drivers of performance to FM Investments leadership
Collaborate to recommend portfolio actions
Collaborate and guide on corporate strategic investments, co-investments and portfolio companies related investments
Research specific investment themes
Prepare due diligence materials, investment memos and recommendations
Analyze portfolio and prepare financial models
Collaborate with performance analytics for better return and attribution reporting
Collaborate on portfolio construction, investments monitoring, and risk management across asset classes within the overall total portfolio construction framework
Share insights from private equity, growth, venture, special situations, secondary markets relevant to the total portfolio
Work closely with senior investments leads on periodic, ad-hoc, and special research projects