Position Status: Exempt
The Senior Investment Analyst (SIA) position will provide the selected candidate with an opportunity to expand their career into institutional portfolio management. The SIA will assume primary oversight of TPF’s third party investment manager (TPIM) program, which enables donors to recommend the use of their own investment advisor for the management of their charitable funds. Also, the SIA will be responsible for the maintenance and management of the Foundation’s investment management and performance reporting software, Black Diamond, which is used for portfolio accounting and performance measurement purposes. Consequently, the SIA will be the primary staff member responsible for both operational and analytical aspects of the software for all TPF portfolios managed both internally and externally. Additionally, the SIA will assist the Investment Manager (IM) in the administration and analysis of the other investment programs of the Foundation which includes our internally managed Legacy Fund. The SIA acts primarily at the direction of the IM, but may also assist the Senior Vice President of Finance and Investments or the Senior Controller on various tasks when needed.
- Oversight of TPF’s third party investment manager program, which includes but is not limited to advisor due diligence, recommendation and approval, annual meetings, interim communications, ongoing portfolio monitoring to ensure compliance with the investment policy statement, and acting as a liaison with the development team.
- Facilitate the implementation of the investment programs within each portfolio, including review and completion of necessary account opening paperwork and other required documentation.
- Maintain understanding of portfolio composition and expected return profiles.
- Maintain and manage the Foundation's investment accounting and performance reporting software, Advent's Black Diamond Performance Reporting.
- In collaboration with the IM, create and design performance reports that utilize the analytical capabilities of the Black Diamond software.
- Manage the quarterly performance reporting process, which includes a quarterly investment summary of all foundation portfolios and an annual report on the TPIM program to the staff and investment committee. This will include the continuous improvement of reporting utilizing Black Diamond and other systems that may enhance reporting.
- Work closely with the investment accounting staff to ensure timely and accurate reporting.
- Work closely with finance staff on receipt of gifts to portfolios as well as ongoing accounting management related to the same.
- Manage data input into the Black Diamond system for The Foundation's private equity and hedge fund investments.
- Responsible for the administration of all private equity capital calls, which includes processing letters of authorization, monitoring cash, and ensuring the capital calls are completed by the deadline.
- In collaboration with the IM, develop and refine internal Private Equity tracking.
- Assist the IM and the Sr. VP of Finance and Investments with manager diligence and monitoring of existing and potential new traditional equity and fixed income managers.
- Work with the IM and the Sr. VP of Finance and Investments to provide additional analysis for the Foundation's investment portfolios and investment managers, as needed.
- Assist the Development and Donor Services department with various tasks and reporting as needed.
- BS in Finance
- Experience with investment management and performance reporting software – specific experience with Advent’s Black Diamond a plus, but not required.
- Experience in Microsoft Office with advanced competency in the use of Excel.
- Must display the trait of confidentiality and discretion.
- Excellent verbal and written communication skills along with an acute attention to detail.
- CFA designation preferred (willingness to pursue or another advanced degree (i.e. MBA) in Investments also desirable)
- 7+ years experience in investment management.
- 3+ years experience working in an investment advisory firm with familiarity of the operational aspects.
- Experience with portfolio asset allocation, manager monitoring and due diligence, investment strategies and risk management.
Candidates may submit a resume, cover letter and salary requirements to jobs [at] pghfdn.org.
THE PITTSBURGH FOUNDATION IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY AND INCLUSION.
About The Foundation
Established in 1945, The Pittsburgh Foundation (TPF) is one of the nation’s oldest community foundations and is the 13th largest of more than 750 community foundations across the United States. As a community foundation, our resources comprise endowment funds established by individuals, businesses and organizations with a passion for charitable giving and a deep commitment to the Pittsburgh community. The Foundation has approximately 2,100 individual donor funds and, together with its supporting organizations, assets of over $1 billion. Grantmaking from the funds benefits a broad spectrum of community life within Pittsburgh and beyond with over 2,000 grantees receiving funding annually. The Foundation typically awards grants of more than $40 million each year. Grantmaking from the Foundation’s discretionary funds leverages a broad range of resources and enables the Foundation to be an important change agent for the region. Approximately 85% of all grantmaking dollars stay within the Pittsburgh region.