Associate Director of Investments

Position Summary

The Associate Director of Investments plays a critical role in the stewardship and long‑term growth of the Foundation’s multi‑asset investment portfolio. Working closely with the Managing Director of Investments, the position contributes across all facets of investment oversight, including manager sourcing, due diligence, portfolio monitoring, research, implementation, and governance.

The Associate Director is a skilled investment professional with strong analytical capabilities, sound judgment, and a collaborative approach. They help ensure the investment portfolio supports the Foundation’s mission, spending needs, risk management framework and long‑term sustainability.

Reports to:

Managing Director, Investments

• Investment Manager Sourcing and Due Diligence
  • Source, identify and maintain a robust pipeline of high‑quality prospective investment managers across asset classes, leveraging professional networks and industry relationships.
  • Conduct comprehensive quantitative and qualitative due diligence, with particular emphasis on private equity, private credit and venture capital managers.
  • Evaluate investment strategies, performance track records, team dynamics, competitive positioning, risk management practices and operational infrastructure.
  • Prepare and present clear, well‑supported investment recommendations for internal review and Investment Committee consideration.
  • Coordinate reference checks, operational due diligence and review of legal and subscription documentation.
• Portfolio Management and Monitoring
  • Lead and participate in meetings with existing investment managers; prepare internal summaries and analysis of key developments.
  • Monitor portfolio performance, exposures, liquidity and risk characteristics across asset classes and strategies.
  • Identify and communicate emerging risks and opportunities within the portfolio.
  • Support portfolio construction discussions, strategic and tactical asset allocation decisions, rebalancing activity and private investment pacing models.
  • Assist with annual responsible investing analysis and reporting.
• Investment Research and Market Analysis
  • Conduct ongoing research on macroeconomic conditions, capital markets, asset class opportunities and emerging investment strategies.
  • Develop analytical tools and frameworks to support investment evaluation and portfolio risk assessment.
  • Stay current on industry best practices, trends in endowment management and evolving investment governance standards.
• Investment Implementation and Operations
  • Partner closely with the Senior Investment Operations Specialist and Investment Analyst(s) to ensure accurate and timely execution of investment activity.
  • Oversee operational workflows related to capital calls, distributions, rebalancing transactions, documentation and reconciliation processes.
  • Support the preparation and maintenance of investment performance, exposure and compliance reporting.
• Reporting and Governance
  • Prepare materials, analysis and presentations for Investment Committee and Board meetings.
  • Contribute to portfolio reporting, performance attribution and risk monitoring.
  • Support the maintenance and ongoing refinement of investment policies, procedures and documentation.
• Cross‑Functional and External Collaboration
  • Serve as a knowledgeable investment partner to internal colleagues in Finance and Philanthropic Services.
  • Support investment‑related compliance processes, including UPMIFA requirements and annual audits.
  • Participate in RFP processes for investment consultants, custodians and other service providers.
  • Contribute to responsible investing and mission‑aligned investment initiatives.
  • Represent the investment team in internal and external education, presentations and discussions, including with OCIO clients.
  • Provide leadership on process improvement, analytics and technology enhancements.
  • Engage with colleagues throughout the Foundation on organizational initiatives.

• Leadership Competencies
  • Functional Expertise – Demonstrates highly developed subject matter knowledge and thought leadership in their domain; stays abreast of trends and disseminates knowledge within the organization.
  • Disciplined…