Advertised Summary Job Description: **This position is located at 405 Lexington Avenue**
This is approximately a 36 month role with an anticipated end date of July 2022.
Columbia University Investment Management Company, LLC, ("IMC") is a wholly-owned subsidiary of Columbia University charged with stewarding Columbia's endowment for the current and future support of operations and with preserving the purchasing power of the endowment over the long-term after inflation. Almost all funds are managed externally in a diversified strategy that uses active and passive management techniques across a range of asset classes.
The IMC seeks professionals who can contribute materially to the management of the portfolio. Independent thinking and open dialogue are actively encouraged, with team members contributing to the skills, thinking, qualitative and quantitative analysis related to a range of the portfolio, including equities, real estate, energy, other real assets, private equity or a variety of public market strategies. The IMC environment is one in which staff members are expected to develop professionally, work collaboratively across asset classes, and assume greater responsibilities according to ability and impact.
Reporting to Chief Operating Officer but working under the direct supervision of the Director, the Operations Analyst will assist with enhancing IMC's overall infrastructure including operational controls, performance measurement, information technology and risk management.
Responsibilities related to the support of the infrastructure include, but are not limited to:
-Assist with monitoring and reconciling daily cash activities and coordinating security distributions and settlements related to daily investment operations. -Compile and review monthly accounting and performance information. -Understand the key drivers of investment performance. -Assist senior team members with monitoring changes in the portfolio's risk profile and investigating material shifts in risk. -Provide instructions to the University's custodian to ensure appropriate entries are made in accounting and performance measurement systems. -Coordinate the review of legal documents. -Verify fee arrangements and other negotiated terms. -Review reconciliations and valuations of endowment investments, and bring any issues to the attention of senior members of the team. -Assist senior members of the team with the analysis of private equity partnership statements. -Maintain financial and transaction data in proprietary database. -Maintain tax information and liaise with the University's tax department.
In addition, the Operations Analyst is expected to perform other related duties and participate in various projects which may include, but are not limited to: -Assist senior team members to analyze returns both at an individual manager and overall portfolio level. -Assist in manager due diligence reviews. -Suggest work flow improvements utilizing various technology solutions. -Interface with investment managers to increase understanding of information disclosed in financial statements. -Help to develop and/or enhance reporting tools to facilitate investment management and asset allocation decisions. -Help to evaluate changes in investment accounting standards and the related impact on financial reporting.
General Minimum Qualifications: Bachelor's degree and/or its equivalent required, with at least two years of experience in investing, asset management, or finance, or equivalent expertise in a related area such as capital markets, corporate development, research, or consulting in an industry sector relevant to the further diversification of Columbia's portfolio, required.
Additional Specific Minimum Qualifications: Operations, accounting, audit, risk management, or database development and programming experience in an investment or trading operation required. Excellent interpersonal, written and oral communication skills required to effectively communicate with a variety of audiences. Must be detail oriented, and have excellent spreadsheet and analytical skills. In addition, strong critical thinking skills, a high degree of intellectual curiosity, and a desire to take on greater responsibilities and leadership are all required to be a successful member of the IMC team. Demonstrated ability to work both autonomously and collaboratively in a demanding environment required. Must have the ability to manage multiple tasks simultaneously and meet deadlines for short, long and ad-hoc assignments. Must have a commitment to exceptional quality, have the highest ethical standards, and have the vision to enhance and further develop IMC's portfolio.
As a member of the National Collegiate Athletic Association (NCAA) and the Council of Ivy Group Presidents (Ivy League), it is imperative that members of the Columbia University community, in all matters related to the intercollegiate athletics program, exhibit the highest professional standards and ethical behavior with regard to adherence to NCAA, Conference, University, and Department of Intercollegiate Athletics and Physical Education rules and regulations.
Columbia University is an Equal Opportunity/Affirmative Action employer.
Internal Number: 126_174531
About Columbia University
Columbia University is one of the world's most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. The University recognizes the importance of its location in New York City and seeks to link its research and teaching to the vast resources of a great metropolis. It seeks to attract a diverse and international faculty and student body, to support research and teaching on global issues, and to create academic relationships with many countries and regions. It expects all areas of the university to advance knowledge and learning at the highest level and to convey the products of its efforts to the world.