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. 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 and working under the direct supervision of the Managing Director, the Associate will be a key contributor in executing IMC's transaction and reporting processes, as well as enhancing IMC's overall operations.
Responsibilities include, but are not limited to:
Reviewing and processing daily transactions such as capital calls, distributions, redemptions, and transfers.
Providing support in the coordination of account setup, trading and related settlements.
Reviewing and updating monthly and quarterly manager data and ensuring investments are properly set up in IMC's proprietary database.
Coordinating directly with the custodian to ensure accounts are appropriately set up and entries are made in accounting and performance measurement systems.
Collaborating closely with team members to compile, coordinate and review the monthly portfolio accounting and performance data, while identifying areas of process improvements.
Reviewing the key drivers of investment performance, assist senior team members in understanding changes in the portfolio's risk profile and working with the investment team to validate observations.
Working closely with team members in both operations and technology teams to provide project management support.
Coordinating the review of legal documents.
Verifying fee arrangements and other negotiated terms.
In addition, the Associate is expected to perform other related duties and materially participate in various projects which may include, but are not limited to:
Assisting with manager operational due diligence reviews.
Interfacing with investment managers to increase understanding of information disclosed in financial statements.
Identifying and implementing potential work flow improvements using new technologies.
Critically reviewing, streamlining and/or enhancing reporting tools to facilitate investment management and asset allocation decisions.
Bachelor's degree (preferably in Accounting) or equivalent plus a minimum of three years related experience in the investment fund/asset management industry required.
The candidate must have a fundamental desire to improve their understanding of a global multi asset class investment portfolio and the related best practices around operations, accounting, audit, and risk management processes. Must be detail-oriented, have excellent applied spreadsheet skills (including financial functions, pivot tables), embraces technology (including the ability to navigate databases, productivity, and business intelligence tools) and is looking to improve the depth of their analytical capabilities. Excellent interpersonal, written and oral communication skills are required to effectively collaborate with a variety of audiences. In addition to strong critical thinking skills, a high degree of intellectual curiosity and commitment to continuously learn are all required to be a successful member of the IMC team. The candidate must have demonstrated the ability to work both autonomously and collaboratively in a demanding environment. They also must have the ability to manage multiple tasks simultaneously and meet deadlines for both short/long term and ad-hoc assignments. Must have a commitment to exceptional quality, customer service and have the highest ethical standards.
Internal Number: 507949
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.