| WHO IS TIAA-CREF? Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF) is a leading provider of retirement planning for people in the academic, research, medical and cultural fields. Our mission is to serve those who dedicate themselves to the benefit and enlightenment of others, by helping to plan the financial future of those who advance the greater good. Portfolio Management - Planned Gifts and Endowments-1686124 DescriptionPortfolio Management - Planned Gifts and Endowments
Kaspick & Company, a subsidiary of TIAA-CREF is seeking a Portfolio Management - Planned Gifts and Endowments professional for its Boston office. This individual will function as a senior member of the investment team working with our Director of Investments and its members. Duties involve: portfolio design and oversight issues, analytical projects, and client communications, all in support of the design and implementation of Kaspick & Company's investment strategy. Kaspick & Company does not have individual portfolio managers as their portfolios are team managed. Going forward, the right individual will have a significant influence on the design and implementation of its portfolios including: portfolio design/asset allocation, manager review and selection, endowment management and institutional client support. This position reports directly to the the Director of Investments and travel requirements are approximately 15-25%.
Responsibilities:
- Analyze portfolio asset allocations, including efficient frontier computer modeling. Consider new asset classes and their impact on portfolios.
- Make recommendations to the Investment Committee.
- Review mutual funds/managers, both current and prospective; prepare analyses; make recommendations to the Investment Committee.
- Review investment policies and practices. Research and propose changes, supported by written analyses. Present recommendations to the Investment Committee.
- Design and prepare investment and planned giving-related materials for clients, marketing presentations, client and industry seminars, etc.
- Help set strategic direction for the investment management effort.
- Develop a complete understanding of all types of planned gifts, their mechanics, tax rules, and investment-related issues.
- Research alternative assets: roles in the portfolios, marketplace, managers, current valuations, etc.
- Handle portfolio/client issues as they arise: identify the problem, propose solutions, and work with client and other company staff, as needed, to resolve; develop client communications.
- Do periodic reviews of client portfolios against policies and objectives.
- Prepare quarterly performance reporting materials.
- Maintain an active awareness of the markets and of asset class issues and valuations and incorporate into portfolio recommendations.
Qualifications Requirements:
- Eight or more years of investment management experience.
- Strong background in asset allocation and portfolio construction.
- Experience in manager identification, selection, and review.
- Experience working directly with endowments and other non-profit clients.
- Direct exposure to alternative assets: the industry, the participants, and their role in diversified portfolios.
- Some exposure to charitable trusts would be helpful, including trust administration and taxes.
- Strong analytical and quantitative skills.
- Works well on a team and independently on short and long-term projects and knows how to prioritize.
- Strong client-service orientation of the fiduciary responsibilities involved with portfolio management.
- Ability to handle stressful situations and communicate issues that require higher level attention.
- Solid computer software skills to create materials and presentations for client meetings (Microsoft Excel and PowerPoint).
- Attention to detail
- Cogent writing, communication and presentation skills are essential..
- Strong consultative skills: ability to present complex investment ideas orally and in writing to clients and beneficiaries.
- Graduate degree preferred.
- CFA highly desired.
- Flexibility to accommodate travel requirements.
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