This is a senior role, reporting to VP – Private Alternative Investments and working closely with Senior PM - External Investment Management, direct real estate investment team, the Chief Investment Officer (CIO), and other senior Investments leaders and staff, across asset classes, with a primary focus on real assets investments with our external investment management partners. This role will work closely with other Public and Private Markets sector PMs and/or PM’s, the Asset Allocation, Strategy group, and Investment Operations. This key role will also collaborate in helping manage broad and/or specific aspects of portfolio construction related to the external mandates in real assets, including infrastructure and real estate. Responsibilities will also include relevant collaboration on risk and performance analytics across private markets. The incumbent will also be supporting periodic investments, economic and financial markets-related projects and initiatives related to asset allocation activities, and also necessitate collaboration with internally managed portfolio management leadership as well.
The role’s focus will primarily be private markets investments across real assets, those are managed by our external investment management partners. The externally managed real assets portfolio has investments across a very wide range of styles and strategies. The role is expected to be very proficient with concepts including but not limited to private real assets including real estate and infrastructure and private equity including distressed, special situations strategies. While private markets will be the primary focus of this role, a good understanding of multi asset public and private investing is key to succeed in this role.
The role requires experience in constructing portfolios with private markets investment products with a strong understanding of the objectives of the overall investment process. The role will be responsible for performance across external real assets mandates, serve as an interface for the investment team with the external investment managers. This includes researching new investments, new and existing manager diligence and underwriting, allocation or reallocation decisions, communication to and from managers, monitoring performance and risk of the portfolio. The role will also bring in best practices, macro-economic and market outlook to the broader portfolio. The role will closely work with investment operations, legal, tax and other support functions to ensure a seamless management of the external real assets portfolio.
• Externally managed private real assets portfolio construction
• Work with portfolio management leadership and CIO to build and develop strategy
• Work with Asset Allocation to define focus areas for strategy selection, manager diligence
• Monitor current portfolio and strategies to determine if they are designed optimally
• External Manager, General Partner (GP) diligence, selection and underwriting and monitoring
• Build and maintain relationships with existing and new investment management partners
• Have periodical portfolio review meetings, calls to stay updated on performance and it’s drivers, risk, views and positioning
• Explain drivers of performance to investment leadership
• Recommend portfolio actions
• Special strategic investments, co-investments and portfolio companies related investments
• Collaborate with performance analytics for better return and attribution reporting
• Collaborate on portfolio construction, investments monitoring, and risk management across asset classes within the overall total portfolio construction framework
• Share insights from external real assets markets managers relevant to the total portfolio
• Work closely with other senior investments leads on periodic, ad-hoc, and special research projects
BA or BS required; MBA, CFA, CAIA or other advanced degree related to investments, economics, finance, or quantitative analysis preferred
8+ years of relevant experience in investments, financial markets and/or financial risk management
8+ years of global financial market experience across asset classes
Global financial markets, investments, risk management and economics related experience across asset classes, and risk and quantitative analysis·
Broad knowledge in the financial markets and investments across asset classes·
Strong inter-personal, communication, presentation, analytical and collaboration skills·
Experience collaborating with other internal stakeholders and partners – investment accounting, legal, tax and other departments·
Ability to operate as an effective tactical as well as strategic thinker with flexibility to adapt to and positively influence new processes/infrastructure·
Strong mentoring and coaching experience with excellent judgement and creative problem-solving skills including negotiation and conflict resolution skills·
Fast learner with a strong teamwork-based mindset, and passion for financial markets, corporate finance and investment risk management·
Collaborative mindset, people management skills and leadership experience required·
Expert knowledge in using Bloomberg, and FactSet, similar investments systems, as well as experience to be able to apply expertise to any new investment risk management and accounting related, and order entry systems
The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.
FM is an Equal Opportunity Employer and is committed to attracting, developing and retaining a diverse workforce.
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