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RWJ
http://www.rwjf.org

Investment Officer

Investment Unit

The Robert Wood Johnson Foundation located in Princeton, NJ, is the nation’s largest philanthropy devoted exclusively to health and health care. For more than 35 years the Foundation has brought its experience, commitment and a rigorous, balanced approach to the problems that affect the health and health care of all Americans. With $9+ billion in current assets, we work with a dedicated group of diverse individuals and organizations to support programs that have measurable impact and create meaningful and timely change.

The Investment unit maintains a team culture with a fairly flat organizational structure. The ability to work cooperatively with the experienced investment professionals across the organization is highly valued. The investment officer will work within a group of 2-3 professionals in the Public and Hedge Funds Investment Group, as well as within an Investment unit of 9-10 people.

The investment officer is a professional staff member responsible for supporting the management of the Foundation’s traditional long only equity and fixed income portfolio that includes but not limited to manager selection, monitoring, performance evaluation and portfolio positioning. The position will report directly to the director of public market managers.

Responsibilities:

  • Assists the director in determining the allocation of the public markets portfolio including but not limited to: the percentage in domestic vs. international markets; developed vs. emerging markets; regional specialist vs. generalists; large vs. small cap and equity vs. fixed income. Analyzes data and develops strategies for improving the portfolio’s mix among these various asset classes.
  • Conducts new manager searches. Independently sources new funds, as needed, and evaluates each fund vs. the benchmark, peer group and existing funds in the portfolio to determine if a proper fit exists. Negotiates specific terms and fees, as appropriate.
  • Presents high conviction funds to the director that includes a comprehensive investment case detailing the merits of the manager; formulates a strong argument for why the fund should be included in the portfolio. Presents assessment of the manager that targets ways in which that manager will enhance the overall portfolio.
  • Monitors traditional long only funds currently in the portfolio that include conducting monthly due diligence calls and semi-annual onsite visits; tracking and analyzing investment performance and attribution; and preparing a detailed written report on how performance was driven each quarter, which will include commentary from the analyst as well as from the manager. Responsible for all other aspects of the unit’s due diligence process for these managers.
  • Designs, implements, creates and maintains new and innovative approaches to evaluate the existing portfolio that include thinking out of the box when making recommendations.
  • Attends industry conferences, seminars, and other professional development activities to maintain and enhance expertise and professional status.
  • Travels to visit new and existing fund managers, learn about new opportunities, which might be appropriate for the Foundation’s portfolio.
  • Prepares written investment memos on manager recommendations for the CIO and Board of Trustees.
  • Prepares materials and assists in setting agendas for investment sub-committee meetings.
  • Works cooperatively with the director and the rest of the investment team in developing and contributing investment, risk management and due diligence ideas.
  • Performs other duties, projects and assignments as required.

Experience and Qualifications:

  • Completion of a bachelor’s degree in finance, business, economics, mathematics or related field and 5 years of relevant experience in the financial services industry that may include investment experience at a foundation or endowment, fund of funds, hedge fund, or other asset management firm. A combination of education and experience may be substituted for the education requirements. CFA preferred.
  • Experience handling multiple priorities effectively; must be adept at organizing time efficiently; must be able to work well under pressure; must have a high tolerance for change and ambiguity.
  • Strong written and verbal communication skills; able to synthesize material and focus quickly on the essence of an issue; to identify major opportunities in a specific area; to see the big picture.
  • Strong quantitative, analytical skills with a demonstrated understanding of statistical performance analysis.
  • Demonstrated intellectual curiosity.
  • Strong project and people management skills.
  • Ability to proactively develop new high quality relationships and monitor existing relationships.
  • Strong PC skills and proficiency with computer software programs such as Microsoft Office Suite & Outlook.
  • Personally motivated to support the Foundation’s mission and goals; creative, flexible; able to work independently and with the investment team; to think imaginatively about opportunities; to create and respond to novel and innovative approaches to addressing an issue; to inspire others to work towards achieving investment goals.
  • Demonstrated strong interpersonal skills; collegial, energetic, able to develop productive relationships with colleagues, consultants, external managers, and others who contribute to investment goals and objectives.
  • Demonstrated maturity and sound judgment. Ability to make decisions and justify recommendations.
  • Ability to travel frequently (approximately 30% time) for visits to new and existing fund managers, to learn about new opportunities, which might be appropriate for the Foundation’s portfolio.
  • Ability to independently conduct meetings in a one on one setting, and to conduct full analysis of the managers and potential managers and his/her areas of interest.

We offer competitive salaries and excellent benefits including generous paid time off, an on-site fitness center, and much more. To apply, please mail, fax, or e-mail your cover letter, resume, and salary expectations to:

Mail:

Human Resources Center Robert Wood Johnson Foundation
P.O.Box 2316
Princeton, NJ 08543-2316

Fax: (609) 514-5455
E-mail: ResumeInvestment@rwjf.org

RWJF is an Equal Opportunity Employer.