The NRECA Investment Strategy and Performance (ISP) team is looking for a seasoned professional to lead investment operations for NRECA-sponsored benefit plans with $27 billion in defined benefit and defined contribution assets under management across public equities, fixed income, private equity, private credit, and real estate. The incumbent will work in a highly collaborative, small team environment and will interact with key stakeholders across the organization, as well as investment consultants, custodian bank representatives, external legal counsel, and asset managers. They will report directly to the Chief Investment Officer and will leverage experience to further build upon a strong-performing investment program with established approaches and an openness to implement new best practices. Key areas of responsibilities across all functional operations will include performance calculations, reconciliation, and attribution, transactions processing, investment reporting, asset allocation and cash flow monitoring, investment guideline compliance, and due diligence process monitoring.
Leads operations within Investment Strategy and Performance (ISP) for the defined benefit and defined contribution plans. Responsible for all operational functions of investment programs, including maintenance of performance data, transactions processing, investment reporting, portfolio and guideline monitoring and compliance, as well as data processing, database and document management, and key elements of the due diligence process. Utilizes best practices in and knowledge of investments and benefit plans to improve operational investment processes and reporting. Acts independently to plan, execute and deliver results for the team.
Essential Duties and Responsibilities
Responsible for all operational functions of investment programs, including maintenance of performance data, transactions processing, investment reporting, portfolio and guideline monitoring and compliance, as well as data processing, database management, and document management, including serving as primary user of various third-party software applications to meet these key functions
Develops, implements, oversees, and monitors processes to validate integrity of performance data, including calculations and methodologies at the manager, composite, and plan levels across all assets (including public and private market assets)
Supports the entire due diligence process including analysis and delivery of portfolio and performance analytics, coordination of and participation in due diligence meetings, and development of reports to support the decision-making process
Evaluates and monitors asset allocation, investment guideline compliance, and liquidity for the RS Plan and the GBP, including ongoing monitoring of cash flows and pacing for alternative investments
Establishes and implements processes to ensure compliance with all investment guidelines
Oversees monitoring and execution of investment-related cash flows, including capital calls, distributions, and the payment of investment-related fees and expenses for all plans while ensuring compliance with regulatory requirements and appropriate fiduciary oversight. Partners with Finance department to ensure the cash flows are accurately reflected in financial statements.
Serves as primary liaison for ISP team with internal and external counsel, coordinating review and approval of all legal documents, including investment management agreements, subscription agreements, investment guidelines, limited partnership agreements and related amendments
Uses available data and resources to create executive management and Board-level reports regarding a wide range of investment subjects including asset allocation and rebalancing, risk analysis, investment-related operational and regulatory matters, and guideline compliance
Generates reports and transfers data to meet participant investment-related activity reporting and to update profiles and holdings content for 401(k) plan fund fact sheets.
Takes ownership of policies and enhances processes to ensure compliance with regulatory document retention requirements
Builds relationships across internal and external partners and subject matter experts to meet shared goals and objectives
Cross-trains with the Senior Portfolio Analyst to ensure redundancy on critical tasks
Manages, monitors, and modifies department budgets on an on-going basis. Develops investment manager and trustee fee projections for the direct program expenses budget. Liaison with Finance and Accounting during budget planning process and for operational issues throughout the year. Serves as liaison during annual audit.
Processes invoices for various services such as bank custody, analytics, and consulting
Direct Reports to this Position: None
Formal Education Required
Bachelor's degree in accounting, business administration, economics or finance or an equivalent. Master's degree, CFA, CIPM, CPA, and/or CAIA preferred.
Experience and Certifications Required
Eight years of related experience in the investment operations or equivalent
Knowledge, Skills and Abilities Required
Ability to perform and work on multiple tasks while being flexible and able to cope with changing conditions/policies/procedures in a fast-paced and sometimes intense working environment, while staying productive and maintaining a high level of accuracy.
Ability to be persuasive, negotiate, and collaborate with individuals at all levels inside and outside of the organization.
Ability to effectively interact with others and work in a collaborative team environment to build consensus and gain agreement on plan of action
Ability to develop, learn, and document new systems and processes, identify opportunities for improvement, make constructive suggestions for change, and incorporate new policies and processes into the daily work.
Knowledge of Generally Accepted Accounting Principles (GAAP) and their application.
Knowledge of ERISA, IRS and DOL regulations and laws related to the defined contribution and defined benefit plan administration.
Working knowledge of various investment performance and risk management, custodian bank, cash management, and invoicing applications, as well as all MS Office applications.
Knowledge of investment theory and economics, equity, fixed income and alternative investments, asset allocation, performance measurement, attribution analysis, customized benchmarking, and various models used to obtain such information.
Essential Physical Requirements
The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal and extensive reading.
Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to move objects. If the use of arm and/or leg controls requires exertion of forces greater than that for sedentary work and the worker sits most of the time, the job is rated for light work.
Disclaimer Statemen t : The preceding job description has been written to reflect management's assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned.
The preceding job description has been written to reflect management's assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
NRECA is committed to working with and providing reasonable accommodation to individuals with physical and mental disabilities. If you need special assistance or an accommodation while seeking employment, please e-mail email@example.com or call: 703-907-5992 - NRECA Arlington Human Resources. Please call 402-483-9275 - NRECA Lincoln Human Resources, for Lincoln, NE employment opportunities. We will make a determination on your request for reasonable accommodation on a case-by-case basis.
EEO is the Law. The law requires NRECA to post a notice describing the Federal laws prohibiting job discrimination. For information regarding your legal rights and protections, please click on the following link: EEO is the Law and EEO is the Law Supplement .
Pay Transparency Non-Discrimination. NRECA will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay. Please see the Pay Transparency Nondiscrimination Provision for more information.
E-Verify. As a Federal Contractor, NRECA is required to participate in the E-Verify Program to confirm eligibility to work in the United States. For information please click on the following link: E-Verify .