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University of Washington Investment Management Company (UWINCO) is the investment office for the University of Washington, operating as a separate, self-sustaining unit of the University. All investment assets, including the endowment, are managed by UWINCO and held in the University’s name.
The UWINCO team is led by the Chief Investment Officer (CIO) and consists of a group of investment professionals and operational staff. The CIO and team develop the strategic direction of the portfolio, tactically allocate to attractive opportunities and select investment managers, all within a risk management framework.
The total market value of assets overseen by UWINCO was nearly $6.0 billion as of September 30, 2020, consisting primarily of the $3.8 billion endowment, Consolidated Endowment Fund or CEF, and $2.2 billion of the University’s Invested Funds or IF.
The UW Treasury Office is responsible for the accounting and administration of endowment funds, operating funds, life income and non-consolidated endowed funds.
We have an outstanding opportunity for an Investment Reporting Manager.
The Investment Reporting Manager is responsible for multiple aspects of performance reporting on the University's $6 billion investment portfolio, which includes over 100 external investment managers. Critical to investment program oversight, this position coordinates and provides regular, comprehensive and detailed performance reports and analyses to the Board of Regents (“BOR”), UWINCO Board, and senior management. Extensive external interaction occurs with UW’s custodial bank, general investment consultant, and a variety of external service providers and managers.
The position requires extensive knowledge on the reporting of complex investment strategies, such as hedge funds, private equities, asset-backed securities and derivatives. It also demands a high level of understanding in performance measurement methodologies (Modified Dietz, geometric and arithmetic returns, time-weighted returns, IRR) and many portfolio risk characteristics (beta, standard deviation, Sharpe Ratio, correlation, duration). The position requires advanced skills in Excel and data warehouse applications that involve financial modeling and queries. Advanced ability to produce charts, graphs and tables, as well as streamlining report design is also required. In addition to performing sophisticated analyses, the position often initiates and leads new reporting projects that impact the strategic direction of the office.
The position is instrumental in providing investment reports to the BOR, UWINCO Board, CIO, COO, UW Treasury, and UW Foundation to facilitate investment monitoring and decision making regarding the University's $6 billion investment portfolios. The success of the investment program is critical to the financial well-being of the University.
Duties & Responsibilities
Investment Reporting (35%): Primary responsibility for the monthly and quarterly investment reporting packages prepared for Board of Regents and UWINCO Board. Ensure the integrity of the underlying performance data by working closely with the custodian bank, UW Treasury, UW’s external investment consultant, rating agencies, and survey providers.
Data Management and Informational Systems (35%): Manage large volumes of data and heavy user of UWINCO’s Performance & Analytics Reporting system. Ensure system captures all CIO decisions around investment manager additions and redemptions. Review and test new investment software and upgrades.
Strategic projects (10%): Assume a leadership role in identifying and implementing projects to successful conclusions. Projects relate to gathering of external data, reporting, and process improvements.
Data analysis (10%): Prepare extensive data gathering and analyses for private investments, portfolio liquidity and exposures, fees, benchmark comparisons including peers, and related compliance work.
Other (10%): (a) Provide support for UWINCO COO and backup for UWINCO Investment Operations Manager, (b) implement best practices and process improvements; (c) support Treasury Office audit working with staff and external auditor, (d) assist with administration of external servicer contracts and (e) represent the University in various endowment and foundation forums
•Bachelor’s degree, preferably in Business Administration or related field •Specialized certifications or designations such as Chartered Financial Analyst (CFA), Certificate in Investment Performance Measurement (CIPM), Financial Risk Management (FRM), Chartered Alternative Investment Analyst (CAIA), Master of Business Administration (MBA), Certified Public Accountant (CPA); or equivalent experience. •Minimum of 6 years in related functions with a strong background in investment reporting and analysis, performance measurement methodologies, accounting and project management.
Additional Requirements: •Exceptional analytical skills. •Ability to synthesize data and summarize complex sets of financial information. •Solid organization skills as seen in ability to prioritize multiple demands with strong attention to detail. •Excellent oral and written communication and presentation skills. •Ability to successfully recommend improvements to senior UWINCO officers. •Ability to lead projects. •High degree of professionalism, integrity, and ownership of results, with a strong customer service orientation. •Computer skills: Microsoft Office, Tableau, SQL databases applications, investment industry analytical tools.
Equivalent education/experience will substitute for all minimum qualifications except when there are legal requirements, such as a license/certification/registration.
•Strong preference for a Master’s degree in Business Administration •Experience with investment portfolio management software (e.g. Caissa, Parilux, Solovis) and CRM software.
As a UW employee, you will enjoy generous benefits and work/life programs. For a complete description of our benefits for this position, please visit our website, click here.
The application process for UW positions may include completion of a variety of online assessments to obtain additional information that will be used in the evaluation process. These may include Work Authorization, Cover Letter and/or others. Any assessments that you need to complete will appear on your screen as soon as you select “Apply to this position”. Once you begin an assessment, it must be completed at that time; if you do not complete the assessment, you will be prompted to do so the next time you access your “My Jobs” page. If you select to take it later, it will appear on your "My Jobs" page to take when you are ready. Please note that your application will not be reviewed, and you will not be considered for this position until all required assessments have been completed.
Founded in 1861, the University of Washington is one of the oldest public institutions in the west coast and one of the preeminent research universities in the world. The University of Washington is a multi-campus university comprised of three different campuses: Seattle, Tacoma, and Bothell. The Seattle campus is made up of sixteen schools and colleges that serve students ranging from an undergraduate level to a doctoral level. The university is home to world-class libraries, arts, music, drama, and sports, as well as the highest quality medical care in Washington State and a world-class academic medical center. The teaching and research of the University’s many professional schools provide undergraduate and graduate students the education necessary toward achieving an excellence that will serve the state, the region, and the nation. As part of a large and diverse community, the University of Washington serves more students than any other institution in the Northwest.