Managing Director, Public Investments | Cedars-Sinai Medical Center - Military Veterans

at HERC - Southern California

Los Angeles, California

Cedars-Sinai Investment Office manages approximately $3 billion in assets (the 'Portfolio') on behalf of Cedars-Sinai. The Portfolio is an intergenerational financial resource to support current and future operating and capital needs at Cedars-Sinai. The Office is responsible for developing and executing an investment strategy that will achieve the investment objectives set forth in the Board-approved investment policy. The Investment Office spends significant time identifying and cultivating relationships with firms and managers that can add value to Cedars-Sinai's portfolio and help achieve targeted return objectives. The office's due diligence efforts focus on qualitative and quantitative research at both the asset class level and the individual firm/manager level. Cedars-Sinai's Investment Policy target asset allocation is designed to grow and/or enhance long-term purchasing power. The portfolio is broadly diversified, with allocations to domestic and international equity and fixed income securities, marketable alternative assets (Hedge Funds, Credit-focused strategies), and non-marketable alternative assets (Privates). The Managing Director, Public Investments, reports to the Chief Investment Officer (CIO), and provides senior level oversight of the public investment portfolio to support current and future operating and capital needs of Cedars-Sinai. This leader participates in developing and executing an investment strategy to achieve the objectives set forth in the Board-approved investment strategy and oversees a team of investment professionals.  Under general guidance of the Chief Investment Officer (CIO), provides oversight of the public investment portfolio including sourcing, construction, due diligence, risk management, negotiations, monitoring and reporting. Formulates investment guidelines, due diligence processes and establishes risk parameters. Manager selection (i.e., sourcing, investment due diligence, preparation of recommendation and execution).  Monitors existing manager relationships, exposures and attends annual meetings. Identifies and cultivates relationships with external firms and managers that can add value to Cedars-Sinai’s portfolio and support achievement of targeted return objectives.  Reports on the portfolio’s status and direction through written materials and by directly interfacing with the investment teams and senior management as appropriate. Conducts portfolio analytics, liquidity projections, pacing and performance reporting. Conducts qualitative and quantitative research at both the asset class level and the individual firm/manager level. Recruits, manages, trains and mentors mid- and/or junior-level investment personnel.  Works with the CIO on a total portfolio level and sub-portfolio level to report on asset allocation, exposure measurement, performance attribution, liquidity monitoring and risk management.  Works collaboratively and continuously engages all members of the Investment team to provide independent, rigorous insights on potential decisions across the portfolio, including those not under their direct responsibility.  Builds the team’s reputation for professional excellence and credibility both inside Cedars-Sinai and throughout the investment community. Education : Bachelor's Degree in Business Administration, Business Management, Finance, Economics or related field, preferred. Licenses/Certificates/Registration Requirements : Chartered Financial Analyst (CFA), preferred. Experience : 10 years: Sourcing and investing in public markets managers, co-investments and direct investments, minimum. 10 years: Investment management experience at a $2 billion plus Endowment, Foundation, Family Office or other sophisticated investment platform, preferred. 5 years: Previous distinction of asset class head or lead managing a team focused on public investments with an established network of investment contacts and manager relationships, preferred. Working Title: Managing Director, Public Investments Department: Chief Investment Officer Business Entity: Corporate Services Job Category: Finance Job Specialty: Financial Planning Position Type: Full-time Shift Length: 8 hour shift Shift Type: Day

Los Angeles, California

Southern California HERC, established in 2003, is a non-profit organization composed of a diverse group of colleges and universities, and research, medical, and cultural institutions. Our institutions are committed to diversity, equity, and inclusion in the recruitment process and providing a work environment sensitive to work/life balance. We also understand that employment decisions often involve two careers and offer state of the art dual career resources and solutions. SoCal HERC includes members from the Central Coast, Los Angeles, Orange County, Inland Empire, and San Diego.

HERC is a gateway to more jobs in higher education and related fields than any other website. HERC provides job seekers with comprehensive and transparent access to job opportunities, daily job alerts, career advice news and webinars, dual career support, and regional multicultural resources to help with relocating to a new community.

SoCal HERC Member Institutions:

Antioch University, Azusa Pacific, University Cal Tech

CSU Fullerton, CSU Northridge,  CSU San Bernardino 

Cedars-Sinai Medical Center, Chapman University, Citrus College

Concordia University Irvine, Grossmont-Cuyamaca CCD, Kaiser Permanente School of Medicine 

Loyola Marymount University, MiraCosta Community College, Mount St. Mary’s University

North Orange County CCD, Occidental College,  Pacific Oaks College & Childrens School 

Point Loma Nazarene University, San Diego State University, Soka University of America

The Claremont Colleges, The Salk Institute for Biological Sciences, UC Path Center

UC Irvine, UCLA, UC Riverside

UCSD, University of Redlands, University of San Diego

University of Southern California, Vanguard University, Whittier College

While there are certainly wonderful opportunities to teach and conduct research at HERC campuses, of the 42,000 jobs on, over 24,000 (or 57%) are non-teaching positions. You will find jobs in healthcare, administration, software, information technology, finance, technical and trades, social work, student affairs, and much, much more.

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