Investment Associate / Senior Investment AssociatePHILLIPS EXETER ACADEMYReports toDirector of Investments
LocationHybrid
Salary (based on relevant experience and education)
$123,000 - $192,000
Position OverviewThe Investment Associate or Senior Investment Associate will join the four-person team responsible for overseeing Exeter's $1.8 billion endowment. The endowment supports more than 50 percent of the Academy's operating budget and helps make need-blind admission possible.
This generalist role offers broad exposure across asset classes and participation throughout the investment decision-making process.
Key Responsibilities- Work closely with the team on new investment research and diligence.
- Conduct quantitative and qualitative research to analyze the market opportunity, strategy, and track record of a prospective investment manager.
- Evaluate the manager's investment process, key employees, and organization.
- Complete diligence calls and meetings.
- Draft investment memos.
- Portfolio monitoring and reporting
- Track and analyze performance, key return drivers, and exposures at the manager and portfolio level.
- Monitor and help to periodically re-underwrite existing managers.
- Draft written recommendations for additions or redemptions from existing managers.
- Periodically produce written portfolio updates for the Investment Committee.
- Maintain manager pipeline, market maps, and capital planning reports.
- Support periodic asset allocation reviews.
- Prepare materials for, and participate in, investment committee meetings.
- Travel for investment manager meetings and conferences.
Position Requirements- Bachelor's degree required; MBA or CFA is a plus.
- 3+ years of relevant experience.
Skills and AttributesWe value relevant experience, intellectual curiosity, attention to detail, and strong analytical and communication skills. Our ideal candidate is talented, hardworking, and committed to excellence, with a desire to grow as an investment professional.
