Swarthmore College is a highly selective liberal arts college located in the suburbs of Philadelphia, whose mission combines academic rigor with social responsibility. Swarthmore has a strong institutional commitment to inclusive excellence and nondiscrimination in its educational program and employment practices and encourages candidates who will further advance the goal of fostering a diverse and inclusive community. As one of the nation’s finest institutions of higher learning, Swarthmore College is global in outlook and draws students from around the nation and world. The 425‐acre campus is a designated arboretum, complete with gardens, rolling lawns, a creek, wooded hills, and hiking trails in the Crum Woods.
The Investment Officer provides investment support for the oversight of the endowment assets of Swarthmore College. The endowment is managed primarily by external investment management firms and diversified among assets classes. This Investment Officer will be a generalist, working across domestic equity, international equity, marketable alternatives, private equity, real estate, natural resources, private credit, fixed income and cash. This position requires the financial, analytical, and other qualitative skills to identify, evaluate, meet with and recommend external investment managers and subsequent ongoing monitoring of them. This position requires excellent interpersonal, written and communication skills to interact effectively with Investment Office colleagues, the campus community, external advisors, and consultants (used as extensions of staff).
*This position is a Salaried Grade 10
Working closely with all members of the Investment Office , as well as consultants, the position assists the Managing Director in:
- the monitoring of portfolios, performance and organizational issues of existing investment managers.
- the due diligence with respect to prospective investment managers/funds.
- the preparation of Investment Committee meeting materials.
- the preparation of materials for investment manager meetings and trips.
•Meets existing managers either in person, or at their annual investor meeting or by conference call at least once a year. Writes summaries documenting these meetings/conference calls.
•Leads initial due diligence on prospective investment opportunities and, under supervision of the MD, maintains relationships with managers for potential future consideration. This includes identifying, evaluating and meeting with new investment managers/funds.
•Assists the MD and Chief Investment Officer (CIO) in conducting advanced due diligence on compelling investment opportunities for potential inclusion in the endowment. This includes preparing written recommendations for new investment managers/funds.
•Explores enhanced analytics on individual managers, asset classes and the overall endowment portfolio.
•Establishes strong working relationships with the MD, other Investment Office staff, consultants and other constituencies at the College as appropriate.
•Assists the MD and CIO in the preparation of the materials for the Investment Committee meetings. This will include preparing in-depth annual reviews of the domestic and international equity portfolios and managers as well as annual reviews by consultants on the private equity, real assets, marketable alternative assets and private credit programs.
•Assists in the preparation materials for all subcommittee meetings/conference calls. The subcommittees meet, in addition to the regular Investment Committee meetings, to consider recommendations on specific investment opportunities as well as discuss overall implementation strategies pertaining to their specific programs.
•Performs other assignments as directed by the MD.
•Must have a keen interest in a broad range of investment topics and a willingness to learn about new investment strategies and concepts.
•Must have knowledge of financial and investment theory, economic and political history, and an understanding of the current investment environment.
•Excellent written communication, oral communication, and quantitative skills.
•Proficiency with Microsoft Excel, Powerpoint and Word are essential, as well as an aptitude to learn other database tools and concepts.
•Poised and mature individual with an ability to represent the College to the investment community and to appropriately handle confidential and proprietary information.
•Superior interpersonal skills and the ability to function collegially as a member of a small team.
•Requires ability to travel frequently and with possible lengthy trips. Must have the ability to travel internationally.
•Adapts to new work situations, people, ideas, procedures, and organizational structure, in order to accommodate an evolving work environment.
•Builds successful relationships with coworkers, investment managers and consultants. Communicates and works effectively as a team member, in order to maximize the effectiveness of the work group.
•Exhibits maturity, reliability, composure, and stability under pressure in order to handle on-the-job challenges.
•Understands and abides by a high standard of professional ethics in order to ensure the integrity of the organization.
•Works successfully with diverse others and upholds the College’s commitment to equal employment opportunity and affirmative action, in order to help the organization realize its commitment to excellence through diversity.
•Bachelor's degree required and an advanced (MBA or CFA) is preferred.
•5 to 10 years of investment experience.
•Position is subject to successful background check.
Swarthmore College actively seeks and welcomes applications from candidates with exceptional qualifications, particularly those with demonstrable commitments to a more inclusive society and world. Swarthmore College is an Equal Opportunity Employer. Women and minorities are encouraged to apply.