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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Boston, Massachusetts

Salary: $150K - $150K

Amherst College ($4bn AUM) is a private liberal arts college in Amherst, Massachusetts. Founded in 1821 as an attempt to relocate Williams College by its then-president Zephaniah Swift Moore, Amherst is the third oldest institution of higher education in Massachusetts. The institution was named after the town, which in turn had been named after Jeffery, Lord Amherst, Commander-in-Chief of British forces of North America during the French and Indian War. Originally established as a men’s college, Amherst became coeducational in 1975.

Job Description:

This position is based in our Boston, MA office.

Amherst College invites applications for the Investment Officer position. The Investment Officer is a full-time, year-round position starting at $150,000 – commensurate with experience. Given Amherst’s distinction as one of the most diverse liberal arts colleges in the country, the successful candidate will demonstrate the ways in which they bring value to and will work towards supporting a broadly diverse community.

The Amherst College endowment makes long-term investments in order to support a substantial portion of Amherst’s operating budget in perpetuity. Our goal is to generate superior investment results on a multi-year basis. Our investment team partners with talented external investors across asset classes, including private and public equity, credit, real assets, and more. Before and after we partner with these investors, we conduct due diligence on people, organizations, investment strategies, track records, companies and other assets, and the fit in our portfolio in order to develop a view on whether a long-term investment is merited. We develop and seek to build mutually beneficial relationships with these partners.

The Investment Officer will be a key member of a small, generalist investment team that leads all aspects of the Amherst College Long Term Investment Pool, comprising the College and Folger Shakespeare Memorial Library endowments valued at approximately $4 billion. This person will report to the Chief Investment Officer, and is encouraged to collaborate across the team, including mentoring summer interns from the College and investment analyst(s). They are expected to develop strong working relationships with existing investment managers, source new prospective partners, conduct diligence on these partners, and help select new investments for the portfolio. They are also encouraged to take appropriate actions to support a diverse workforce and participate in the College’s efforts to build a respectful, inclusive, and welcoming work environment. Success in this role is determined by the Investment Officer’s contribution to the team’s process of selecting, accessing, and developing relationships with extraordinary investment partners, and by the performance of the Long Term Investment Pool.

 

Summary of Responsibilities:

 

The Investment Officer is responsible for sourcing, conducting due diligence, selecting, and the ongoing monitoring and relationship development related to both existing and prospective investment managers in a variety of asset classes. This is a generalist team structure, and manager relationships can include those in private and public equity, venture capital, absolute return/hedge fund strategies, credit, renewables, and real estate. The portfolio strategy is relationship-driven and bottom-up. As such, successful candidates will demonstrate a strong curiosity about a wide variety of investments, and in making comparisons across diverse opportunities. The portfolio is concentrated and has low turnover. As such, successful candidates will demonstrate a strong interest in spending time on the current portfolio, and will exhibit a long-term mentality.

 

The Investment Officer is expected to have ongoing, regular interaction with other members of the College community. This can include staff and administrative professionals, such as the CFO Office or the Office of Sustainability; students, primarily in the investment club, or as part of intern recruiting; and, the Investment Committee. The Investment Officer is expected to have strong working relationships with external investment managers and service providers, some of whom may have an existing relationship with the College and others who are prospective in nature.

 

The Investment Officer is responsible for assisting in the preparation of materials for the Amherst College Investment Committee, Board of Trustees, Alumni meetings and other high-level audiences on a variety of topics. Additionally, it is anticipated that the Investment Officer will be a mentor to the less experienced members of the team and summer interns. Other projects and responsibilities may be assigned from time to time.

 

The Investment Officer must be willing and able to travel to meet with both existing and prospective investment managers (travel is expected to be ~35-40%).

 

Qualifications:

 

The Investment Officer must be self-motivated, enthusiastic, hard working, and able to work both independently and as part of a broader team. A significant portion of their work/responsibilities require someone who is able to prioritize and juggle multiple projects concurrently. Verbal and written communication skills are key, as are relationship building, sourcing, and networking. Ultimately, we hope Investment Officers can facilitate collaborative partnerships across the organization and more broadly across the industry. Primary research capability and a deep curiosity in investments are a must. In addition to these attributes, successful candidates will exhibit the following qualifications and skills:

  • Bachelor’s degree required.
  • 5-15+ years of related investment experience, with compensation dependent on experience level and contributions to the team.
  • Passionate / mission-oriented, with a long-term focus on the College’s success.

 

Amherst College offers many opportunities for professional growth and development, continued learning, and career advancement.

 

Amherst College is pleased to provide a comprehensive, highly competitive benefits package that meets the needs of staff and faculty and their families. Benefits are an important part of our overall compensation, so it is critical that you review all of the options to ensure it meets your total compensation requirements. Click here for Benefits Information.

 

Interested candidates are asked to submit a resume and cover letter online at https://amherst.wd5.myworkdayjobs.com/Amherst_Jobs. Please be sure to upload all requested documents prior to clicking Submit. Applications cannot be revised once submitted. (Current employees and students should apply by clicking on the Career icon from their Workday home screen) Review of applications will begin immediately and will continue until the position is filled.