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Type of Role: Investments

Experience Level: Analyst/Associate

Location: San Francisco, California

Salary: $150K - $225K

KFF is a nonprofit leader in health policy analysis, polling and survey research, and health journalism. Its mission is to fill the need for trusted information on national health issues. KFF serves as a non-partisan source of facts, information, and analysis for policymakers, the media, the health care community, and the public.

Principal Duties and Responsibilities:

The Senior Investment Associate will report to the CIO. At KFF the CIO reports to the President and CEO and works closely with the Investment and Finance Committee of the Board.  The position will be responsible for recommending investment opportunities across all asset classes and working with the investment team on asset allocation, portfolio construction, and risk management.


The Senior Investment Associate will be a critical part of a small investment team with a generalist model and flat structure.  This combination of a collaborative team, flat structure and generalist mandate will provide an exceptional opportunity for this candidate to come in and make a difference at a mission-driven organization.  The diverse nature of the portfolio will provide exposure to multiple asset classes and allow for the Senior Investment Associate to develop a broad institutional investment skillset.

Specific responsibilities include:

  • Assist in sourcing, evaluating, and executing of investments in new fund managers across a wide range of asset classes, as well as decisions that may be made to drop underperforming managers.
  • Prepare materials for the CEO and executive level Finance and Management Committee as required.
  • Prepare investment-related materials and analysis as requested for the KFF budget.
  • Prepare investment committee memos.
  • Constructively contribute and engage in internal investment conversations.
  • Assist in the preparation of quarterly performance reports and investment updates for the Board of Trustees.
  • Assist in the annual review of investment objectives and asset allocation. Monitor compliance with the asset allocation policy.
  • Collaborate with and assist the Investment Operations Specialist and external performance consultants in portfolio management reporting to better monitor existing investments, both exposure and liquidity analysis.
  • Perform research on macroeconomic and global investment trends. Actively monitor the external investment environment for opportunities and new investment areas of interest.
  • Attend conferences and annual meetings around the country on behalf of KFF and interact with high level executives from a wide range of investment firms. Develop and maintain relationships with peers and other investment professionals.
  • Other projects and responsibilities assigned, as necessary.


Minimum Desired Qualifications and Experience:

The successful candidate will have a record of demonstrable success in prior work environments, which may include roles in investment management, investment banking, management consulting and/or corporate strategy. The highest standards of personal and professional ethics and integrity are required and personal fit within a dynamic team is essential. Bachelor’s degree required with 5-10 years of finance or institutional investment experience.

Specific skills required include the following:

  • A passion for nonprofit investment management and a strong interest in furthering KFF’s mission.
  • Deep interest in, and familiarity with, investment concepts and asset classes
  • Ability to conduct quantitative and statistical analysis.
  • Excellent oral and written communication skills
  • Proficiency in Microsoft Office Suite, including strong proficiency in Microsoft Excel
  • Research skills including finding, digesting, and distilling economic and financial literature.
  • Ability to organize a diverse workload, set priorities, and follow projects through to completion with strong attention to detail.
  • Ability to work well both independently and collaborate within a group setting
  • Uses good judgment to handle requests or problems.
  • Ability to think creatively when exploring investment themes and make recommendations based on logical and thorough analysis

This full-time position will be based in KFF’s San Francisco headquarters. KFF is currently working a hybrid schedule and requires all staff to work in the office 2 days a week.





KFF provides a compensation package that is competitive and commensurate with experience and qualifications.


The annual salary range for the Senior Investment Associate position is between $150,000 and $225,000. Offers are based on the candidate’s years of experience and KFF’s practice of upholding salary equity. KFF also offers a generous, comprehensive benefits package.



How to Apply


If this position is of interest to you, and you have the requisite experience and qualifications, please click the button to apply.


KFF has an efficient applicant review process and will contact candidates who have applied for this position and whose qualifications most closely fit the criteria for the job. No phone inquiries please.


KFF requires all employees to be up to date on their COVID-19 vaccinations.


It is the policy of KFF to actively promote a diverse and inclusive workplace in every respect, and to provide equal employment opportunities to all qualified applicants and employees in every phase of employment without regard to race, color, religion, national origin, gender, gender identity, gender expression, sexual orientation, age, marital status, disability, veteran status, political affiliation, arrest or conviction records, or other categories protected under the law.