Senior Investment Operations Analyst

$129,914 - $162,392/Yr

Howard Hughes Medical Institute - Chevy Chase, MD

Full-time - Mid Level

Chevy Chase, MD

251-500 employees

Professional, Scientific, and Technical Services

About the position

The Senior Investment Operations Analyst at HHMI will be a key member of the Fund Services team, responsible for managing operational services related to the organization's $26 billion endowment fund. This role focuses on ensuring the integrity of transactional and financial data, implementing core business functions, and participating in various operational activities including account management, transaction support, accounting, performance analytics, and management reporting. The position requires a proactive approach to problem-solving and collaboration with various stakeholders to enhance business processes and technology.

Responsibilities

• Connect with third-party service providers and investment managers about the opening, maintenance, and closing of accounts.
• Coordinate with investment managers, fund administrators, and third-party service providers for investment transparency and valuation reporting.
• Document operational activity in the internal CRM system and maintain investment records.
• Maintain terms and conditions to satisfy investment reporting objectives.
• Reconcile service provider invoices before payment.
• Provide operational support for cash flow activity such as capital calls, distributions, fee payments, subscriptions, redemptions, and internal trading activity.
• Maintain cash forecasting, research and resolve transaction settlement issues, and monitor ISDA or other collateral arrangements.
• Reconcile custody positions and cash balances for the internal portfolios on a daily and monthly basis.
• Coordinate the accurate closing of the official custodian/administrator and internal shadow accounting records monthly for the endowment fund.
• Ensure all necessary information is collected from internal and external sources and appropriate audit documentation is maintained.
• Post all valuation activity to appropriate internal systems in an accurate and timely manner.
• Prepare internal and external audit materials as requested and direct appropriate communication with senior management.
• Coordinate the accurate closing of the custodian and internal performance records monthly for the endowment fund.
• Prepare, review, distribute, and file standard internal investment reporting, quarterly Investment Advisory Committee and Trustee reporting, regulatory reporting, and surveys.
• Develop business relationships with HHMI staff, general partners, investment managers, peers, and other third-party service providers.

Requirements

• Bachelor's degree in Business, Accounting, or Finance, or an equivalent combination of education and related experience.
• Minimum of 5 years of increasing responsibility with industry experience in investment fund operations, global custody operations, investment management operations, and/or fund accounting/performance operations.
• Proactive and innovative problem solver demonstrating a strong work ethic, excellent organizational and interpersonal skills, and unwavering attention to detail.
• Excellent time management skills with a track record of completing responsibilities while remaining flexible and nimble to handle changing priorities.
• Knowledge of various investment instruments including private equity, hedge funds, stocks, bonds, and derivatives plus general knowledge of investment accounting and performance practices.
• Proficient in MS Office applications.
• Familiarity with and willingness to learn/master internal/external technologies such as CRM software, portfolio analytics applications, Bloomberg tools, accounting and custodial platforms.

Nice-to-haves

• Experience with investment accounting and performance practices.
• Familiarity with GIPS and other performance standards.

Benefits

• 10% employer contribution to retirement plan.
• Up to $10,000 in educational reimbursement each year.
• Significant budget for professional development.