WellSpan Health

Investment Analyst

WellSpan Health • $70K — $95K *
York, PA 17403In-Person
Finance & Insurance
5 - 7 years of experience
Reposted 1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in finance, accounting, economics, or related field required.
  • 5-7 years of experience in a Corporate Treasury or Investment Banking role required.
  • Chartered Financial Analyst upon hire required.
  • Experience with Oracle Accounting System preferred.
  • Strong analytical and critical thinking skills.

Responsibilities

  • Manage investment portfolio in line with company policy and market conditions.
  • Ensure compliance with investment guidelines and controls.
  • Monitor market trends to adapt investment strategies for risk mitigation and return maximization.
  • Collaborate with investment professionals to align strategies and insights.
  • Provide detailed valuation and performance reports on investments.
  • Maintain documentation for audits and ensure proper record retention.
  • Support the fiscal year end audit and other review processes.

Benefits

  • Comprehensive health benefits.
  • Retirement savings plan.
  • Paid time off (PTO).
  • Education assistance.
  • Financial education and support, including DailyPay.
Full Job Description
Job Description

General Summary

Responsible for managing the reporting of the company's investment portfolios aligning financial strategy with investment policy and current market conditions. Recommends cost-saving and investment growth opportunities maintaining compliance with department and audit standards to optimize performance and the protection of the company's investment and pension assets.

Responsibilities

Duties and Responsibilities

Essential Functions:
  • Manages the company investment portfolio to support the Outsourced Chief Investment Officer (OCIO) by maintaining compliance with the investment management policy and aligning strategies and key performance metrics with senior management.
  • Provides good stewardship and oversight to maintain system controls and practices that are standard to industry guidelines and investment policy.
  • Monitors market conditions and recommend changes to investment strategies to minimize risk and maximize returns.
  • Monitors the investment portfolios to ensure they align with the investment policy allocation guidelines and reports variances or observed trends to senior management and OCIO.
  • Collaborate with other investment professionals, including OCIO, portfolio managers and analysts, to discuss strategies and market insights and align recommendations.
  • Develops and maintains strong relationships with financial institutions, including banks and investment firms.
  • Reconciles and tracks capital calls paid by OCIO, outstanding commitments, and retains documentation for audit purposes and year end audit footnote preparation.
  • Provides secondary approval of web cash transfers to/from custody cash liquidity account for payment of custody fees, OCIO fees, professional services, and other consultant invoices not managed and processed for payment by the OCIO.
  • Coordinates with OCIO when cash liquidity needs raised to fund extraordinary invoices that need paid through web cash movement.
  • Provides detailed valuation reports on stocks, bonds, and other investment assets and develops performance reports that compare to benchmark and historical returns.
  • Prepares investment reports, presentations, and presents recommendations to senior management and/or the Finance and Investment Committee.
  • Coordinates with the WellSpan Innovation team to track and help manage joint ventures and partnerships issuing Series A, B, C stock purchase agreements and capital call structure.
  • Instructs web cash and trade orders in Northern Trust as requested and needed for cash liquidity, rebalancing, or invoice payment purposes if the OCIO cannot perform these tasks and requested and approved by the SVP-Treasury and Finance, or the CFO.
  • Maintains documentation for new account offerings, account closures, rebalancing, performance reports, investment manager presentations, and tax documents to ensure proper record retention for audit and tax purposes.
  • Coordinates with the OCIO and manages the timely execution of investment manager onboarding documents including subscriptions, redemptions, authorized signers, and KYC to complete with signatures from the SVP-Treasury and Finance and/or CFO. Retains all completed records for audit purposes.
  • Manages and tracks investment fee and professional service invoices to request issuance of purchase orders and payments issued through accounts payable or through a bank ACH or wire.
  • Provides support and prepares footnotes for the fiscal year end audit and other non-routine audits.

Common Expectations:
  • Maintains licenses and annual education requirements to stay updated on economic trends, indicators, and relevant news that affect the investment landscape and regulatory developments to anticipate investment risks and opportunities.
  • Assists in the preparation of annual budgets, year-to-date actual vs. budget reconciliation, and other financial reports as required.
  • Perform ad-hoc analysis and projects as needed.


Qualifications

Qualifications

Minimum Education:
  • Bachelors Degree in finance, accounting, economics, or related field Required
  • Masters Degree in Business Administration (MBA) or Economics Preferred

Work Experience:
  • 5 years 5-7 years of experience in a Corporate Treasury or an Investment Banking related role Required
  • Experience with Oracle Accounting System, Banking, and Investment Trade platforms Preferred

Licenses:
  • Chartered Financial Analyst Upon Hire Required

Knowledge, Skills, and Abilities:
  • Strong analytical and critical thinking skills
  • Excellent communication and presentation abilities
  • Proficiency in Microsoft Excel and financial modeling
  • Strong understanding of financial regulations and compliance issues
  • Strong knowledge of financial markets, instruments, and Treasury management practices
  • Ability to work independently as well as part of a team

Benefits Offered:
  • Comprehensive health benefits
  • Retirement savings plan
  • Paid time off (PTO)
  • Education assistance
  • Financial education and support, including DailyPay
  • Expanded Paid Parental Leave

For additional details: Benefits & Incentives | WellSpan Careers (joinwellspan.org)

About WellSpan Health

WellSpan Health is a non-profit healthcare system that provides services to patients in central Pennsylvania and northern Maryland. The system includes eight hospitals, over 19,000 employees, and more than 200 patient care locations. WellSpan Health offers a range of services, including primary care, specialty care, and hospital-based care. The system is committed to providing high-quality, affordable healthcare to the communities it serves. WellSpan Health was founded in 1998 through the merger of several local healthcare organizations.
Learn more about WellSpan Health
Size
20,000 employees
Industry
Healthcare
* Ladders Estimates

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