Director of Treasury & Investments

Description

The Cleveland Foundation, established in 1914 as the world’s first community foundation, continues to shape the future of place-based philanthropy more than a century later. With $4.1 billion in assets and a legacy of bold leadership, we are driven by a commitment to improve the lives of everyone who calls Greater Cleveland home, today and for generations to come.

You are a strategic and collaborative treasury and investment professional with strong judgment, intellectual curiosity, and a deep commitment to fiduciary stewardship. You bring experience in investing, treasury operations, and financial analysis, along with the ability to translate complex concepts into clear recommendations for leadership, non-profit boards, donors, and community stakeholders.

You thrive in a relationship-driven environment, building trusted partnerships with colleagues, investment managers, advisors, and financial institutions. You are a proactive, results-oriented leader who embraces accountability, drives continuous improvement, and develops high-performing teams.

Most importantly, you are inspired by our community, the Cleveland Foundation's mission and recognize the power of investment capital to create both long-term financial strength and meaningful community impact.

This role provides fiduciary oversight of the Cleveland Foundation’s treasury and investment program, ensuring the long-term growth, financial stewardship, sustainability, and mission alignment of the Foundation’s investment pools. Reporting to
SVP, Finance, Investments & Treasurer, this function supports treasury and investment operations, liquidity management, risk monitoring, and while serving as a key liaison to external advisors, financial partners, and stakeholders.

• Serve as a senior member of the treasury/investment team, providing strategic financial expertise and contributing to cross-functional collaboration and departmental effectiveness.
• Assist with investment and treasury operations, transactions, valuations, audits, fee reviews, operational due diligence, performance measurement, and process improvement, ensuring compliance with investment policies, governance standards, regulatory requirements, and fiduciary obligations through strong controls and documentation.
• Lead treasury and cash management, including collaborating with Foundation leadership on cash flow forecasting, cash positioning, and liquidity optimization; oversee banking relationships, cash operations, and related policies and controls to safeguard assets and ensure efficient use of capital.
• Support organizational fund and donor-advised fund investment programs. As well as other fiduciary investment pools, including external manager relationships, performance oversight, and stakeholder communication.
• Support execution of the Foundation's institutional investment strategy, asset allocation, portfolio construction, liquidity management, and risk management across public and private market portfolios and the Foundation endowment.
• Assist with evaluation, selection, monitor, and terminate investment managers, advisors, and strategies, maintaining disciplined investment processes aligned with long-term objectives and fiduciary responsibilities; serve as primary relationship manager for non-profit organizational funds partners, external advisors, managers, custodians, banking partners, and other financial service providers.
• Monitor portfolio performance, asset allocation, liquidity, and risk exposures across all investment pools and related entities, evaluating results against benchmarks, policy targets, and long-term goals.
• Develop and articulate investment perspectives, portfolio insights, and market observations; prepare and deliver investment, treasury, and financial reporting and recommendations for senior leadership, the Board and committees, donors, and other stakeholders.
• Support Investment Committee governance processes, including meeting planning, materials, presentations, advisor engagement, and follow-up actions.
• Integrate mission-aligned, place-based, and impact investment strategies into the Foundation's…