Senior Investment Associate

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Job Summary

The Senior Investment Associate (“Senior Associate”) is an important role at the fulcrum point between the mastery of data analysis and the development of individual judgement. The core objective of the Senior Associate is to support the team’s Managing Director(s), Director(s), and Associate Director(s) in the implementation and management of investment strategies. The Senior Associate contributes to the evaluation of new investment opportunities and the post-investment management of relationships with external investment organizations. The Senior Associate spearheads analytical work for asset allocation, portfolio management, and thematic research; the role also includes the delivery of ad hoc projects related to risk management, process management, and external relationship management. Senior Associates are eligible to serve on the Internal Investment Committee (“IIC”) of the Investment Office.

Essential Job Duties

Investment Research (70%)

Monitor existing holdings and regularly assess manager relationships. Conduct regular calls or meetings with investment partners. Provide written documentation of manager meetings, sharing fund updates and key insights with the investment team.

Conduct due diligence of potential new investments, guided by senior members of the team. Perform detailed quantitative analysis at the asset class and manager level. Synthesize qualitative findings, including investment strategy, organizational dynamics, and operational considerations.

Support senior members of the team by independently authoring investment memos (or segments of memos) and responding to requests for additional data or analysis.

Thematic research: Assess new investment areas, strategies and asset classes as requested by senior investment staff.

Develop investment judgement and an independent voice.

Portfolio Management & Asset Allocation (10%)

Train Investment Analysts in analytical approaches, maintaining sufficient knowledge of the analytical underpinnings of asset allocation and cash flow models to facilitate knowledge transfer and mentoring.

Managing Processes & Relationships (10%)

Create and maintain high-quality presentation materials for regular internal discussions as well as ad hoc requests by senior investment staff.

Ad hoc projects in support of senior members of the team.

Analytics and Information Management (10%)

Technology: Maintain sufficient proficiency in third-party software (i.e. Caissa) to train Investment Analysts to perform detailed portfolio analysis. Become knowledgeable in other software or third-party data providers as necessary.

Basic Qualifications

Four years of relevant work experience, likely gained in an endowment, foundation, family office, or direct investment management environment.

Basic understanding of fundamental investment concepts, and the ability to process both quantitative and qualitative inputs to long-term economic value creation.

Progress toward independent investment judgment and perspective on how to manage a dynamic investment portfolio.

Critical thinking and healthy skepticism that engages with large amounts of complex, often-conflicting information in search of strategic clarity.

Interpersonal skills and the ability to work closely with a small team.

Willingness to be challenged as part of a collegial inter-disciplinary search for superior investment knowledge and outcomes.

Impeccable honesty, integrity, and an appreciation for high standards of conduct, work product, and ultimate outcomes.

Ability to travel occasionally.

Ownership mentality, bringing a sense of personal responsibility for the sustained success of the Investment Office.

Ability to act independently to achieve a high-quality product. Ability to handle multiple assignments, often with competing priorities and tight deadlines.

Enthusiasm for Caltech’s dual institutional missions of conducting groundbreaking scientific research and providing a rigorous education to promising STEM students.

Preferred Qualifications

Direct investing experience in public or private equity, potentially including fundamental investing in public markets, private equity secondaries, private equity co-investments, or related skills

Required Documents

Resume.