Investment Operations Director at Wellesley College in Wellesley, Massachusetts

Job Description:

At Wellesley, our mission is to deliver an outstanding liberal arts education
to women who will make a difference in the world. Our collaborative
community, comprising faculty, students, staff, and alumnae, is guided by
our shared values. We champion intellectual discovery and excellence,
uphold gender equality as foundational to progress, affirm diversity as
crucial to educational excellence, value connection and community, empower
individuals for social change, and commit to integrity and academic freedom
in our pursuit of knowledge. Join us in this transformative journey!




When applying for the position, please ensure a thorough review of the job
details. If you are an internal employee, kindly utilize the internal portal on
Workday for your application. Prepare a comprehensive resume/cv and cover
letter for upload. Acceptable formats for these documents are either PDF
(.pdf) or Word (.doc).




Job Posting Title

Investment Operations Director



Job Description Summary

Admin Exempt



Job Description


Background

Wellesley College has a long history of providing an excellent liberal arts undergraduate education for women. The College, established in 1870, has a student body of 2,400 undergraduates. The Wellesley College endowment had a market value of $2.9 billion as of the fiscal year ended June 30, 2023. Investment of the endowment is managed by the Investment Office, located on campus in Wellesley, MA.



Position Summary

The Investment Operations Director role is a full-time position open to individuals with 10 plus years of relevant experience, including supervisory experience. Team members must live in the area but have the option to work remotely two days a week. The Investment Operations Director is an integral member of the operations team and interacts regularly with other members of the investment team. The position will report to the Chief Investment Officer.


Specific portfolio administration and operational duties include but are not limited to:

• 
  Cash Activity and Analysis:
  
  
  
  • Review bank instructions for cash movements.
  
  
  • Monitor and reconcile cash flow activity.
  
  
  • Prepare cash flow projections and analysis of cash need.
  
  
  • Process endowment related transfers to/from the College
  
  
  
  


• 
  Data Management:
  
  
  
  • Ensure that the portfolio management systems for the investment portfolio are regularly maintained.
  
  
  • Maintain liquidity management system.
  
  
  • Finalize accounting and performance reports.
  
  
  • Ensure portfolio activity between systems is accurate.
  
  
  
  


• 
  Financial Reporting and Portfolio Analysis:
  
  
  
  • Prepare portfolio reporting for investment committee meetings.
  
  
  • Prepare regular rebalancing analysis and liquidity analysis for the portfolio.
  
  
  • Monitor benchmark results.
  
  
  • Lead the audit process.
    
    
    • includes preparing and reviewing audit confirmations, audit work papers and supporting schedules; prepare summary financial statement schedules.
    
    
    
    
  
  
  • Work with KPMG on the College's exposure to excise tax.
  
  
  
  


• 
  Manager Diligence, Legal and Other:
  
  
  
  • Manage operational due diligence reviews and background checks.
  
  
  • Complete subscription, amendment and side letter agreements.
  
  
  • Prepare regular survey responses to outside organizations.
  
  
  • Perform other duties and ad-hoc projects as assigned.
  
  
  
  

• 
  Participate in Management Committee meetings
  
  
  
  • Contribute to analysis and discussion of portfolio rebalancing.
  
  
  • Contribute to analysis and discussion of cash management.
  
  
  
  

Qualifications

The Investment Operations Director must demonstrate the desire to learn and grow as an investment operations professional, be able to evaluate and resolve operational issues and keep up to date on the latest market news, industry practices and technology applications.



Core requirements include:

• Commitment to the College's articulated mission and core values


• Champion diversity, equity, and inclusion


• Understanding of endowment operations and the ways that operations dovetails with investment decision-making


• An interest in investing and capital markets


• Relevant work experience


• Accountable, hardworking and detail oriented


• An ability to work effectively in a small, collegial, high-performing team


• Strong organizational skills


• Initiative and willingness to learn


• Competent skills in Outlook, Word, and Sharepoint


• Exceptional skills in Excel


• Understanding of technology


• Willingness to travel periodically, as needed


• Willingness to learn new proficiencies to accommodate evolving technologies


• Demonstrated desire to be part of a collaborative, problem-solving team


• Excellent oral and written communication skills


• Employment eligibility in the United States of America. We are unable to accept H1B candidates currently.


• Relevant experience with the following applications is highly desirable.


• BNY, MSCI (fka Burgiss, CAISSA), Sharepoint

To apply for this position, please follow the link to the College's website and submit a cover letter , resume, transcript (if applicable) as separate attachments.


Follow the College's job postings at https://www.wellesley.edu/about-us/working-at-wellesley/u>


Please label your documents "Last Name_First Name Cover Letter," "Last Name_First Name Resume," "Last Name_First Name Transcript" and "Last Name_First Name Writing Sample." Please write "Investment Operations Director 2024" in the header of your email. Qualified candidates will be contacted for a phone screen. No phone inquiries please.



Company Description

Wellesley's mission is to provide an excellent liberal arts education to women who will make a difference in the world. We advance our mission by working together as a community-faculty, students, staff, and alumnae.
Embark on a fulfilling career journey at Wellesley College, where we prioritize your well-being and professional growth. As a valued member of our team, you'll enjoy a comprehensive array of benefits and resources designed to enhance both your work-life balance and long-term success.

• Competitive Compensation : Experience competitive wages ensuring your dedication is recognized and rewarded.


• Exceptional Benefits Package: Access a comprehensive benefits package, including health, dental, vision and pre-tax saving benefits, life insurance, disability coverage, and more to safeguard your health and that of your loved ones.


• Commuting and Transportation: Enjoy the convenience of free parking on our picturesque campus, easily accessible from major roadways. We are also accessible via the MBTA commuter rail.


• Paid Time Off : Take advantage of paid vacations, personal days, sick time, and holidays to recharge and maintain a healthy work-life harmony.


• Retirement Savings : Plan for the future with our retirement savings plan. Wellesley College contributes up to 10.5% towards your 403(b) plan for eligible employees


• Work/Life and Wellness: A hybrid work environment for select positions (additional details will be provided during the interview process), caregiving support through Wellthy, legal plan insurance, pet insurance discount and a variety of other resources including retirement planning, free onsite and virtual fitness classes and access to cultural and leisure activities throughout metro-Boston.


• Professional Development: Enhance your skills and explore growth opportunities through continuing training and pathways for growth within our supportive environment.


• Tuition and Education Benefits : Invest in your education with tuition benefits, and access resources to navigate student loan forgiveness, reinforcing our commitment to your ongoing learning.


• Campus Privileges : Enjoy free use of our state-of-the-art athletic and fitness facilities with onsite fitness classes, Library resources, and seize opportunities to attend diverse campus events that contribute to a vibrant community.

Apply today and take your first step toward a rewarding career with Wellesley College - where your unique strengths and success are celebrated as part of our shared commitment to inclusivity!



Worker Sub-Type

Administrative



Time Type

Full time



EEO Statement


At Wellesley, we embrace and honor difference and diversity. We believe the best ideas-the best solutions-draw on a range of voices, perspectives, and experiences. As a college, and as a community, we are dedicated to assuring that all members for the Wellesley community have an equal opportunity to flourish.




Wellesley College is an Equal Opportunity Employer,
committed to the diversity of the college community and the curriculum
. Wellesley College and all its subcontractors shall abide by the requirements of 41 CFR 60-1.4(a), 60-300.5(a) and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, religion, sex, sexual orientation, gender identity or national origin. Moreover, these regulations require that Wellesley College and all of its subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or veteran status. Candidates who believe they can contribute to that goal are encouraged to apply.

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