Senior Associate, Investments

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Position Overview

The Zell Family Office (ZFO) is seeking a Senior Associate, Investments to support the development and management of multi-asset portfolios for family trusts, foundations, and personal accounts. The Senior Associate will serve as a generalist, requiring the ability to work across asset classes—including public equities, private equity, venture capital, and alternatives—while collaborating with internal teams and external partners. The Senior Associate will be deeply involved in manager sourcing and due diligence, portfolio analysis, and investment committee communications.

Success in this role requires intellectual curiosity, strong analytical and communication skills, and a collaborative, team‑oriented mindset. The ideal candidate will bring experience from a family office, endowment, foundation, pension plan, fund of funds, or similar institutional environment, and will be passionate about contributing to a culture of positive intent, respect, and continuous learning.

• Support strategy development, portfolio construction, investment selection, cash management, and risk management through rigorous research and reporting.
• Monitor portfolios for adherence to mandates, house limits, and strategic constraints; actively track performance, turnover, and portfolio efficiency.
• Measure and manage risk, leveraging modeling and analytical tools (Excel, portfolio management platforms) to evaluate exposures and performance attribution.
• Assist with the liquidation or monetization of private investments as needed.

• Prepare and present investment committee memos, synthesizing due diligence findings and recommendations for new investments.
• Communicate effectively in writing and presentations, ensuring clarity and professionalism in all materials delivered to internal and external stakeholders.
• Participate in quarterly calls with managers to discuss portfolio performance, extracting key information and ensuring managers are investing capital in line with ZFO’s expectations.
• Collaborate with internal teams (accounting, tax, legal, family engagement and learning) and coordinate communications with external partners (GPs, asset managers, brokers).

• Work with the operations team to develop and maintain reports that analyze fund and portfolio-level exposures (including sector, geographic, leverage, underlying positions, etc.), risk metrics, liquidity, and performance attribution.
• Maintain benchmarks, monitor trading activity, and review external service levels.
• Lead or support special projects, process improvements, and continuous learning initiatives.
• Contribute to a collaborative, high-performing team culture.
• Uphold the family’s reputation for professional excellence, integrity, and community responsibility.

• Education/
  
  Experience:
  
  Bachelor’s degree in finance, economics, accounting, business administration, or related field; MBA, CFA, or similar professional designation preferred.
• Minimum 4+ years of experience in investment banking, private equity, asset management, family office, endowment, foundation, pension plan, fund of funds, or similar institutional environment.
• Experience conducting investment due diligence—either on direct companies or funds—and manager sourcing, with a preference for candidates with public equities, private equity, or venture capital experience.
• Strong proficiency in Excel and financial modeling; experience with portfolio management tools and third‑party research platforms (Morningstar, Bloomberg, Fact Set, Thomson Reuters).
• Demonstrated ability to manage multi‑asset portfolios, conduct due diligence, and oversee third‑party managers.
• Previous direct or co‑investing experience at a buy‑side firm is a plus; operational experience in investment diligence is highly valued.
• Must have a good foundational understanding of financial markets and trends and a passion for investments.
• Knowledge of investment products is essential.

• Intell…