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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: West Orange, New Jersey

Salary: $200K - $300K

Our dedication to serving the people of New Jersey extends far beyond the care we provide within our hospital walls. We support programs that promote health and wellness in our communities and provide access to services that would otherwise be unavailable. We are committed to the ongoing improvement of the health, quality of life and vitality of our communities. We strive to bring the best health care to meet the evolving needs of residents in New Jersey — whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.

Req #: 0000138731

Category: Leadership

Status: Full-Time

Shift: Day

Facility: RWJBarnabas Health Corporate Services

Department: Investment Income

Location:

SBC Corporation, 95 Old Short Hills Road, West Orange, NJ 07052

Director of Investments

Director is a senior level position within the Investment Office reporting to the Chief Investment Officer. A Director serves as a generalist member of the team with specialist responsibilities in assigned asset classes. A Director is integral to the management of System assets and to fulfilling the Office s overall responsibilities. A Director must be a seasoned and passionate investor, have a sincere interest in the non-profit sector, and demonstrate an innate sense of responsibility with regards to representing RWJBarnabas Health.

A Director collaborates with the CIO and Managing Director to develop and implement investment strategy and risk management frameworks for his or her assigned asset classes. He or she leads analytical work within assigned asset classes and, in conjunction with Managing Directors, is responsible for recommending to the CIO strategy, structure, and specific investments within the assigned asset classes. In addition to the CIO and Managing Director(s), the Director works closely with junior team members depending on asset class staffing.

Specific Job Functions

  • Collaborate with the CIO and asset class Managing Directors to devise and implement investment strategy and asset class structure within assigned asset classes.
  • Maintain strong asset class universe knowledge.
  • Perform investment manager sourcing and due diligence across assigned asset classes and present results to CIO and asset class Managing Directors.
  • Monitor assigned asset class portfolios and investments, evaluate performance, and recommend rebalancing or termination actions as required to the CIO and asset class Managing Directors.
  • Review and communicate to team risks taken within the portfolios and their contribution to total fund risk.
  • Monitor and evaluate performance against return objectives.
  • Keep CIO apprised of all asset class work and manager developments.
  • Execute analytical work within assigned asset classes. Maintain strong understanding of portfolio exposures and communicate then to Investment team.
  • Create and present manager and portfolio research to the Investment Committee as directed by the CIO.
  • Conduct ad-hoc studies and projects such as creating position papers on various asset classes, investment strategies, investment managers, etc., as required by the CIO. Lead special projects as required by the CIO.
  • Inspire a team-oriented, cooperative spirit, providing mentorship and development opportunities for the more junior team including delegating and involving staff in high-level discussions, research, and analysis.

Requirements

  • At least 10 years of relevant investment experience. Relevant experience can include work at a hospital system, endowment, foundation, or similar non-profit, plan sponsor, family office, or asset management firm. This experience must include asset management oversight of a portfolio of managers including the selection of external investment managers.
  • The Director will possess deep institutional investment management experience and a demonstrated and relevant track record of achievement.
  • The Director will have significant knowledge of his or her assigned asset classes including a strong understanding of leading managers and their investment processes, operations and compliance protocols, and history.
  • The Director will be adept at communicating complex topics to a variety of audiences including Investment Office colleagues, Investment Committee members, Hospital constituents, and peers. Ability to communicate well and work productively with the Investment Committee is critical.
  • The Director will be proactive with his or her analyses, researching topics that may be useful for his or her asset class or broader portfolio. The Director will communicate thoughts and ideas to the Investment Office team.
  • The Director will maintain relationships with peers throughout the industry in order to keep abreast of important, sometimes intangible developments that could impact portfolio holdings. The Director will travel to meet managers and attend conferences.
  • The Director will be a high-impact player, making an immediate, positive impression in any business situation, and have the ability to develop and leverage relationships across a range of professionals.

Additional Requirements

  • Cultural astuteness and appreciation for the Health System s mission.
  • Well versed in quality data collection to ensure adequacy, accuracy and legitimacy of data. Strictly follows data privacy and security procedures for data handling and analysis to ensure adherence to legal and institutional standards.
  • Team orientated with the ability to motivate and energize people at all levels and functions to pursue common objectives and business goals.
  • Unquestioned integrity, honesty, loyalty, and the highest moral standards.

RWJBarnabas Health is an Equal Opportunity Employer