hero

Explore thousands of opportunities across Tech:NYC’s member network.

691
companies
4,504
Jobs

Senior Investment Officer, Private Equity

Cornell University

Cornell University

New York, NY, USA
Posted on Tuesday, June 11, 2024

Cornell’s Chief Investment Officer is recruiting an outstanding, seasoned investment professional for the University’s Investment Office in New York City.

DO NOT APPLY ONLINE FOR THIS POSITION, SUBMIT MATERIALS TO THE CONTACT INFORMATION LISTED BELOW.

Interested candidates should send their cover letter and resume to the professional search firm managing this search, BraddockMatthewsBarrett - margaret@bmbllc.com.

This position is located in New York City.

THE UNIVERSITY

Cornell University was founded in 1865 and is located in Ithaca, New York. Both a private university and the land-grant institution of New York State, Cornell University is the largest and one of the most socioeconomically and educationally diverse members of the Ivy League and is administered by partnerships between central administration and the colleges and schools. On the Ithaca campus, nearly 14,000 undergraduate and more than 6,000 graduate and professional students are served by more than 1,600 faculty in eleven distinct colleges and schools, seven that admit into undergraduate programs, each boasting a world-renowned academic curriculum and faculty. Many undergraduates participate in a wide range of interdisciplinary programs, play meaningful roles in original research, and study in Cornell programs in Washington, New York City, and the world over.

Cornell’s Office of University Investments directs the University’s approximately $10.7 billion long-term investment fund under the oversight of the University Board of Trustees, which is responsible for strategic management of all investable funds and implements policy through the Investment Committee of the Board.

The Investment Office, led by Ken Miranda and supported by 23 team members, oversees the University’s investment programs with a goal to ensure that endowment contributions fulfill and sustain their intended purposes in perpetuity. The model asset allocation of the Long-Term Portfolio, which is the investment vehicle for the University’s endowment, is allocated across all major asset classes with target allocations of 29 percent to public equities, 27 percent to private equity and venture capital, 17 percent to real assets, 14 percent to absolute return, and 10 percent to fixed income, other, and cash.

THE POSITION

Reporting to the Chief Investment Officer, the Senior Investment Officer will lead the identification, evaluation, recommendation, and monitoring of investment opportunities for the private equity portfolio. Although the breadth of private equity, including buyout, venture capital and growth equity, will be the main focus, the successful candidate will work closely with the rest of the investment team and contribute to all other areas of portfolio management, in addition to the recruitment and mentorship of junior colleagues.

RESPONSIBILITIES

The successful candidate will play a significant role in the management of the endowment portfolio. This individual will primarily focus on the private equity portfolio; however they will be assigned to manage other asset classes based on his/her experience and desire. Additional responsibilities include:

  • Sourcing and maintaining a pipeline of investment opportunities and funds that will provide a strategic advantage to the University’s investment portfolio.

  • Conducting thorough due diligence (both investment and operational) on the most compelling prospective opportunities including analysis of investment strategy, process, organization, portfolio positions and performance.

  • Monitoring performance, portfolio positions, current events and organizational changes of the University’s existing fund managers and completing analytical reviews to evaluate the relative performance of each fund manager on a regular basis.

  • Preparing and presenting recommendations regarding new investment opportunities to the Investment Office Staff and the Investment Committee for approval.

  • Maintaining the team’s reputation for professional excellence and credibility both inside the University and throughout the investment management community.

  • Recruiting, training and supervising internal investment professionals; fostering a culture of intellectual curiosity, analytical rigor and innovation.

PROFESSIONAL EXPERIENCE AND QUALIFICATIONS

The successful candidate must have the vision, creativity, a minimum of ten years of relevant investment experience from an endowment, foundation, pension fund, investment management firm, or fund-of-funds. They must have experience investing in private equity strategies and should possess the investment credibility, confidence and communication skills to interact with the CIO, the Board and various constituents.

Additional qualifications include:

  • Expertise in private equity strategies including buyout, venture capital and growth equity.

  • Must integrate strong analytics in his/her quantitative and qualitative investment evaluations.

  • Established network of investment contacts and GP relationships; ability to access independent network for manager evaluation and reference checking purposes.

  • A true team player with a strong collaborative style and an ability to work well with others.

  • Strong communication and presentation skills, both spoken and written; the ability to influence and negotiate effectively.

  • Strong planning and organizational skills and a proven ability to work independently and under pressure.

  • A patient and disciplined investor who seeks and accepts a high degree of personal responsibility.

  • The highest level of integrity, intellectual capability, honesty and loyalty; excellent judgment.

  • Willingness to travel.

  • Must be enthusiastic about being part of the University and contributing to its mission.

  • Strong academic credentials are required: A Bachelor’s degree is required; an MBA, MS, PhD, coupled with a CFA (or willingness to complete such credential) is strongly preferred.

Rewards and Benefits

  • Cornell receives national recognition as an award-winning workplace for our health, wellbeing, sustainability, and diversity initiatives.

  • Our benefits programs include comprehensive health care options, generous retirement contributions, access to wellness programs, and employee discounts with local and national retail brands. We invite you to follow this link to get more information about our benefits: https://hr.cornell.edu/benefits-pay.

  • Follow this link to learn more about the Total Rewards of Working at Cornell: https://hr.cornell.edu/jobs/your-total-rewards.

  • Our leave provisions include health and personal leave, vacation and paid holidays: Martin Luther King, Jr. Day, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving and the day after, and an end of the year winter break from December 25-January 1.

  • Cornell's impressive educational benefits include tuition-free Extramural Study and Employee Degree Program, tuition aid for external education, and Cornell Children's Tuition Assistance Program.

Visa sponsorship is NOT available for this position.

DO NOT APPLY ONLINE FOR THIS POSITION.

Interested candidates should send their cover letter and resume to the professional search firm managing this search, BraddockMatthewsBarrett - margaret@bmbllc.com.

Familiarize yourself with Cornell's COVID-19 workplace guidance as well as the university's COVID-19 services and information.

University Job Title:

Sr Investment Officer

Job Family:

Fin/Budget/Planning

Level:

I

Pay Rate Type:

Salary

Pay Range:

$413,910.00 - $505,890.00

Remote Option Availability:

Onsite

Company:

Endowed

Contact Name:

Brenda Joly

Job Titles and Pay Ranges:

Non-Union Positions

Noted pay ranges reflect the potential pay opportunity for each job profile. The hiring rate of pay for the successful candidate will be determined considering the following criteria:

  • Prior relevant work or industry experience

  • Education level to the extent education is relevant to the position

  • Unique applicable skills

  • Academic Discipline (faculty pay ranges reflects 9-month annual salary)

To learn more about Cornell’s non-union staff job titles and pay ranges, see Career Navigator.

Union Positions

The hiring rate of pay for the successful candidate will be determined in accordance with the rates in the respective collective bargaining agreement. To learn more about Cornell’s union wages, see Union Pay Rates.

Current Employees:

If you currently work at Cornell University, please exit this website and log in to Workday using your Net ID and password. Select the Career icon on your Home dashboard to view jobs at Cornell.

Online Submission Guidelines:

Most positions at Cornell will require you to apply online and submit both a resume/CV and cover letter. You can upload documents either by “dragging and dropping” them into the dropbox or by using the “upload” icon on the application page. For more detailed instructions on how to apply to a job at Cornell, visit How We Hire on the HR website.

Employment Assistance:

For general questions about the position or the application process, please contact the Recruiter listed in the job posting or email mycareer@cornell.edu.

If you require an accommodation for a disability in order to complete an employment application or to participate in the recruiting process, you are encouraged to contact Cornell University's Office of Institutional Equity and Title IX at voice (607) 255-2242, or email at equity@cornell.edu.

Applicants that do not have internet access are encouraged to visit your local library, or local Department of Labor. You may also request an appointment to use a dedicated workstation in the Office of Talent Attraction and Recruitment, at the Ithaca campus, by emailing mycareer@cornell.edu.

Notice to Applicants:

Please read the required Notice to Applicants statement by clicking here. This notice contains important information about applying for a position at Cornell as well as some of your rights and responsibilities as an applicant.

EEO Statement:

Diversity and Inclusion are a part of Cornell University’s heritage. We are a recognized employer and educator valuing AA/EEO, and we do not tolerate discrimination based on any protected characteristic, including race, ethnic or national origin, citizenship and immigration status, color, sex/gender, pregnancy or pregnancy-related conditions, age, creed, religion, actual or perceived disability (including persons associated with such a person), arrest and/or conviction record, military or veteran status, sexual orientation, gender expression and/or identity, an individual’s genetic information, domestic violence victim status, familial status, marital status, or any other characteristic protected by applicable federal, state, or local law. We also recognize a lawful preference in employment practices for Native Americans living on or near Indian reservations in accordance with applicable law.

Cornell University embraces diversity and seeks candidates who will contribute to a climate that supports students, faculty, and staff to all identities and backgrounds. We encourage individuals from underrepresented and/or marginalized identities to apply.

2024-06-10