What are the responsibilities and job description for the Associate- Private Specialty Strategies position at Church Pension Group Services Corporation?
Description
Department: Investments
Job Type: Regular Full Time
Education Level: BA/BS
Required Years Experience: 3
Job Type: Regular Full Time
Education Level: BA/BS
Required Years Experience: 3
Church Pension Group (CPG) is a nancial services organization that serves the Episcopal Church, located in Midtown Manhattan. CPG was founded in 1917 to provide pension benets to eligible clergy of the Episcopal Church.
The Private Specialty Strategies (PSS) Associate supports the monitoring and execution of the Church Pension Fund's private specialty strategies portfolio. This portfolio holds a variety of asset-related investment strategies. The Associate distills both quantitative and qualitative information to support the decision making and monitoring of a global portfolio of diverse positions designed to provide low correlation returns and strategies with idiosyncratic risk to the overall CPF portfolio.
The Church Pension Fund's private specialty strategies allocation was created to hold the non-real estate strategies in what had traditionally been a broader real assets portfolio. Over the past ten years, the portfolio has evolved from mostly energy and commodity-based strategies to include renewable infrastructure, royalties, and other cash-flowing assets. The Associate will work closely with the Managing Director in monitoring the overall portfolio more broadly as well as evaluating specific managers, markets and strategies. The Associate will also participate in the broader CPF investment process with the opportunity to review and understand investments across all asset classes. The role requires strong research and analytical skills and an interest in researching and understanding a wide dispersion of investment drivers and risk. An inherent curiosity about new strategies as well as an open mind are also essential. Successful candidates will be able to draw meaningful insights from often imperfect or incomplete data and participate actively in open investment discussions and debate. Outputs include quantitative financial and portfolio analysis as well as qualitative evaluation of managers, markets and strategies.
The Church Pension Fund has a long history of growth from within and a focus on career development. High performing Associates will have opportunities for development and promotion.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Support the management of the private specialty strategies portfolio, helping to monitor existing managers and evaluate a portfolio of often unrelated strategies
- Compile and analyze comparative performance metrics and draw conclusions in the evaluation of existing investment managers
- Work to find innovative methods for understanding and measuring risk and return correlations in the private specialty strategies portfolio
- Drive investment due diligence processes with oversight from senior team members
- Contribute to investment recommendations with input from senior team members
- Provide oversight of internal and external reporting and analysis
- Measure, model, and evaluate various portfolio attributes; tasks include model development and use of an array of portfolio management tools
- Attend meetings with investment managers with or without senior staff, actively participate in discussions with managers, and summarize meetings to communicate conclusions about investment managers or other service providers
- Work on ad hoc projects as needed
- Participate in and contribute to investment discussions and oversight for all CPF asset classes, including equities, fixed income, hedge funds and private equity
- Effective performance of the essential functions of this position requires regular in-person, on-site interaction with colleagues, both for purposes of relationship building and meaningful collaboration
QUALIFICATIONS
- Demonstrated proficiency in institutional-quality investment research and data analysis
- Proficiency in MS Office with emphasis on Excel
- Preferred: Experience with Business Intelligence tools such as Tableau, Domo, Microsoft Power BI
- Willingness to research and develop expertise in new investment strategies, multiple industry sectors and other novel investment opportunities
- Sector specific interest and understanding of key innovation areas such as extraction industries, sustainable infrastructure, or idiosyncratic risk strategies
- Strong communication skills and an ability to reach conclusions and communicate them effectively both internally and externally
EDUCATION & EXPERIENCE
- 3 years of relevant experience
- BA/BS required, in Finance preferred
- MBA or MS in Finance preferred
- CFA or CAIA candidate preferred
- Experience in investment performance evaluation and attribution
- Familiarity with private investment fund structures is a plus
- Experience or familiarity with statistical analysis
PHYSICAL DEMANDS
Extensive use of a computer keyboard is a demand of the position to perform the essential functions of this job successfully.
WORK ENVIRONMENT
Currently, hybrid work environment, which requires working in CPG's office Tuesdays through Thursdays and exibility to work remotely on Mondays and Fridays. Church Pension Group employees must maintain a professional, compassionate, and trustworthy work environment always. Reasonable accommodations may be made to enable someone with a disability to perform the essential functions of the job within this environment.
Salary Range: $130,000 - $140,000
Join us and Create A Better Future For Yourself!
Flexible Benefits available to eligible employees:
- Medical (including Vision)
- Dental
Core Benefits automatically provided to eligible employees:
- Employer funded defined benefit pension plan (five year vesting)
- Employee Life Insurance
- Spouse and Dependent Life Insurance
- Accidental Death and Dismemberment (AD&D) Insurance
- Short-Term Disability (STD) coverage
- Long-Term Disability (LTD) coverage (elected as either pre-tax or after-tax)
- Business Travel Accident Insurance
- Worker's Compensation
- Employee Assistance Program
- Retiree health insurance (eligible after 10 years)
- Retiree life insurance
Elective Benefits available to eligible employees:
- 401(k) with matching contributions (immediate vesting)
- Flexible Spending Accounts (FSAs)
- Commuter Benefits
- New York's 529 College Savings Program (NY State residents)
Educational Assistance Program available to eligible employees
Parental Leave available to eligible employees
Time Off available to eligible employees: Vacation, Sick, Personal and Holidays
You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.
In compliancewith federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire. Please understand that, as a general policy, CPG does not sponsor visas.
EOE: Minorities/Female/Disability/Vet/Sexual Orientation
If you are a CPG employee, please use your CPG email address when creating your profile to apply.
Salary : $130,000 - $140,000