Senior Associate, School & Department Funds

Senior Associate, School and Department Funds🔍Stanford Management Company, Stanford, California, United StatesNew📁Finance📅12 hours ago Post Date📅102720 Requisition #

Senior Associate, School and Department Funds

Stanford Management Company (SMC), the University’s investment office, invests the Merged Pool, which includes substantially all of the University’s investable endowment assets. The investment portfolio is designed with the dual goals of preserving the purchasing power of the Endowment for future generations of Stanford students and scholars and enabling a robust annual disbursement to the University’s operating budget. SMC is seeking an organized and detail-oriented Senior Associate, School and Department Funds (SDF).The SDF group provides administrative and reporting support for separately invested portfolios with different objectives and mandates for specific schools and departments. These portfolios include, the Stanford Business School Trust, the Stanford Engineering Venture Fund, the Department of Athletics Investment Fund, the President’s Venture Fund, the Law School Venture Fund, the Hoover Fund, among others.The Senior Associate will report to the Director of SDF.This position will be responsible for SDF’s operational functions throughout a start-up and fund manager investment lifecycle, ensure timely and accurate investment data and reconciliation mechanisms, and perform performance analysis for quarterly investment reporting. The Senior Associate will need to problem solve and optimize/refine investment operations workflow and reporting for a complex, multi-asset class portfolio.

CORE DUTIES:

• Ensure operational workstreams are promptly and accurately addressed by processing and recording corporate actions, valuation updates, and transaction activity that impact SDF holdings to provide the school and unit fund stakeholders with relevant, correct, and consistent information for fiduciary investment oversight and decision making.
• Monitor transactional and corporate action information flow and serve as the primary interface with internal and external parties to ensure completion and follow-up of outstanding items, including following the relevant guidelines to support the schools and units; tracking cash flow, deal flow, and consent activity; and instructing business partners to process information that impact holdings.
• Maintain the accuracy and integrity of accounting and investment information for SDF portfolios and ensure that all activity is properly executed and accurately recorded.
• Analyze and publish investment activity and performance results for marketable and non-marketable investments, ensuring compliance with regulatory and industry standards.
• Process, review, and analyze investment valuations and transactions. Perform complex reconciliations to ensure consistency with custodian records.
• Design effective, relevant, and focused management reports and dashboards, and ad-hoc analyses as needed.
• Create business requirements for building custom performance reports, working closely with IT team, and lead user acceptance testing.
• Maintain strong control environment to comply with established policies and controls. Recommend process and control improvements as needed.
• Support fiscal year-end audit and plan, execute, and lead operational process improvement initiatives.
• Maintain strong relationships with the School and Unit fund stakeholders, University departments, and external service constituencies (including the custodian bank) to identify and resolve issues.Also exhibit a strong customer service orientated approach to support volunteer committees comprised of senior University leaders and prominent venture and other asset class investors.
• Develop and maintain desktop procedures and documentation in a clear and concise manner.

- Other duties may also be assigned

MINIMUM REQUIREMENTS:

Education and Experience:Bachelor’s degree and three years of applicable experience in the areas of investment operations, accounting, and/or investment management, fund administration, or a combination of education and relevant work experience.Knowledge, Skills and Abilities:

• Advanced proficiency in business applications, such as Microsoft Office suite, especially Excel.
• Strong financial modeling experience and proficiency in business intelligence applications to produce analysis and presentations.
• Demonstrated quantitative and analytical skills, including performance, attribution, and financial analysis.
• Experience using Bloomberg terminal.
• Experience with performance and attribution systems.
• Understanding of securities industry including derivatives and other complex financial instruments as well as security asset classes, investment processing, business protocol, and reporting standards.
• Demonstrated knowledge of and experience with accounting systems.
• Understanding of and ability to apply accounting skills and concepts and knowledge of Generally Accepted Accounting Principles.
• Strong professional communication skills, including ability to prepare materials for and clearly and effectively communicate information to internal and external audiences, client groups, and management.
• Strong project management skills and demonstrated initiative with strong attention to detail.

Certifications and Licenses:

None

PHYSICAL REQUIREMENTS:

• Constantly sitting.
• Frequently perform desk-based computer tasks, use telephone, writing by hand, sort/file paperwork.
• Occasionally stand/walk, lift/carry objects weighing 11-20 pounds.
• Rarely reach/work above shoulder.

- Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.

WORKING CONDITIONS:

Routine and extended working hours during peak business cycles.

WORK STANDARDS:

Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.

Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.

Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University’s Administrative Guide, http://adminguide.stanford.edu.

A background check will be required for all final candidates.

We are not able to provide relocation or sponsorship for this position.

The job duties listed are typical examples of work performed by positions in this job classification and are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Specific duties and responsibilities may vary depending on department or program needs without changing the general nature and scope of the job or level of responsibility. Employees may also perform other duties as assigned.

The expected pay range for this position is $138,000-$165,000 per annum at 100% FTE. Stanford University provides pay ranges representing its good faith estimate of what the university reasonably expects to pay for a position. The pay offered to a selected candidate will be determined based on factors such as (but not limited to) the scope and responsibilities of the position, the qualifications of the selected candidate, departmental budget availability, internal equity, geographic location and external market pay for comparable jobs.

At Stanford University, base pay represents only one aspect of the comprehensive rewards package. The Cardinal at Work website (https://cardinalatwork.stanford.edu/benefits-rewards) provides detailed information on Stanford’s extensive range of benefits and rewards offered to employees. Specifics about the rewards package for this position may be discussed during the hiring process.

Why Stanford is for You
Imagine a world without search engines or social platforms. Consider lives saved through first-ever organ transplants and research to cure illnesses. Stanford University has revolutionized the way we live and enrich the world. Supporting this mission is our diverse and dedicated 17,000 staff. We seek talent driven to impact the future of our legacy. Our culture and unique perks empower you with:

Freedom to grow. We offer career development programs, tuition reimbursement, or audit a course. Join a TedTalk, film screening, or listen to a renowned author or global leader speak.

A caring culture. We provide superb retirement plans, generous time-off, and family care resources.

A healthier you. Climb our rock wall, or choose from hundreds of health or fitness classes at our world-class exercise facilities. We also provide excellent health care benefits.

Discovery and fun. Stroll through historic sculptures, trails, and museums.

Enviable resources. Enjoy free commuter programs, ridesharing incentives, discounts and more!

Stanford is an equal opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.

Additional Information

• Schedule: Full-time
• Job Code: 2599
• Employee Status: Regular
• Grade: J
• Requisition ID: 102720
• Work Arrangement : Hybrid Eligible