The Associate Investment Analyst supports the investment activities of the University of Richmond’s Endowment and other non-profit organizations invested in The Richmond Fund, LP. The combined assets under management are valued in excess of $4.5 billion and are highly diversified, including both traditional and alternative strategies.
The Associate Investment Analyst will be an integral part of the investment team, participating in all aspects of the investment process, from initial screening and due diligence, through approval, to post-investment monitoring and reporting. This individual will help to evaluate opportunities across asset classes, including public markets (public equity, fixed income, and hedge funds), private equity (buyout and venture capital), and real assets (natural resources and real estate). This position demands excellent communications skills, strong analytical insight and spreadsheet modeling skills, an understanding of financial statements, perseverance and creativity in accessing information, and the ability to balance multiple tasks. The Associate Investment Analyst will receive broad exposure to all aspects of the investment process and Spider Management Company’s business.
Key responsibilities include:
Quantitative and qualitative analysis of current and prospective investments and investment managers. The Associate Investment Analyst will assist in the entire manager due diligence process – detailed and thorough manager background research, portfolio analysis, performance analysis, and manager meetings.
- Ongoing review and analyses of current managers on a regular basis (monthly or quarterly)
- Fund manager interactions including attending annual meetings, manager due diligence meetings, conference calls, etc.
- Prepare reports to monitor the overall portfolio allocation, performance, and exposure
Research and Analysis
- Identify and evaluate new investment possibilities including production of written investment memos
- Conduct due diligence meetings with new manager candidates, conduct reference checks
- Analyze financial information of current and prospective investment funds (e.g. P&L and cash flow statements, offering materials, monthly/quarterly reports, audited financial statements, etc.)
- Perform quantitative analysis and stress testing exercises on existing and potential managers
- Monitor current events, macro developments and their financial impact on investment portfolio
- Review key terms within legal documents of prospective investment funds
- Perform industry research and work with internal and external systems to assist in monitoring the existing investment portfolio and assessing new opportunities
- Work with the investment team on direct and co-investment opportunities
- Assist in preparing quarterly reports, board meeting materials, and special projects
- Assist in preparing investment memos recommending changes to the portfolio
- Develop models and documentation to help inform asset allocation decisions
- Provide training and mentorship to more junior professionals
- Other projects as requested
- Knowledge of financial theory and portfolio analytics
- Strong computer based financial and valuation modeling skills
- Sound understanding of a wide variety of financial instruments on a stand-alone and in a portfolio context
- Fully developed quantitative and analytical skills
- Knowledge of financial systems (Bloomberg) and proficiency with Microsoft Office suite of products (Excel, Word, PowerPoint)
- Analytical thinking and problem-solving skills
- Able to work independently and with minimal direction
- Ability to work on concurrent projects and prioritize accordingly
- Pro-active, self-starter
- Strong written and verbal communication skills
- Strong organizational skills and attention to detail
- Ability to meet challenging deadlines while maintaining a high degree of quality and accuracy
- Interest and commitment to not-for-profit investment management
- Project management skills
- Presentation skills
- Experience or aptitude for training and mentoring more junior professionals
Exceptional personal qualities including:
- Unquestioned integrity and the highest ethical standards
- Imagination and creativity
- A team orientation and collegial style
- Foresight and pragmatism
- A commitment to a culture of excellence and client service
- Outstanding communication skills and a diplomatic interpersonal manner, confident personal style and humility
EDUCATION & EXPERIENCE:
- Bachelor’s degree with concentration in Finance/Business Administration, Economics, or in a quantitative discipline
- CFA Charter holder or CFA Candidate, preferred
- 3 – 5 years of relevant work experience in the investment industry (asset management, investment banking, corporate finance, public markets, private equity), preferred.
- Full-time, exempt position
- Monday – Friday, 8:30 a.m. – 5:00 p.m.; 7.75 hrs./day; 38.75 hrs./week
At the University of Richmond, we’re creative, inclusive, and determined. We’re Spiders, and our mission is to create positive change in the UR community and beyond.
If interested, please apply here.