Job Summary – Director, Investments
Hybrid role that will be a senior member of the investment team responsible for managing $9.5 billion in assets across operating, foundation, defined benefit pension, and health insurance portfolios. The Director of Investments will operate as a generalist (i.e., work across all asset classes) and be heavily involved in the investment manager due diligence process, including sourcing new relationships as well as managing existing relationships. This position will also work closely with the VP, Investments on asset allocation and portfolio construction, as well as reviewing and negotiating legal documents when onboarding new investments. This is a senior role that is expected to manage and mentor the investment analyst on our team, with the ability to represent the Corewell Health investment team at both internal and external meetings.
Essential Functions – Director, Investments
• Source investment opportunities across all asset classes and lead the due diligence process for new investment managers, including both qualitative and quantitative analysis as well as legal document review and negotiation
• Perform ongoing due diligence of existing investment managers, including travel to attend annual meetings or conduct periodic onsite visits
• Develop and utilize tools to systematically monitor each investment portfolio as well as all underlying investment managers to identify issues and recommend potential changes
• Recommend enhancements to the overall investment process, including investment manager due diligence, portfolio construction, performance measurement, risk management, and investment operations
• Supervise one investment analyst, including managing workflow and serving as a mentor
• Support the operational aspects related to managing the portfolios, such as onboarding new managers and rebalancing the portfolios
• Assist in the preparation of investment-related materials for Corewell Health governance meetings
• Represent the investment team at Corewell Health governance meetings as well as industry conferences
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Qualifications – Director, Investments
• Required Bachelor’s Degree Business, Finance, Accounting or related field
• Required Chartered Financial Analyst (CFA) Designation
• 10 years of relevant experience investment-related experience (irrespective of asset class)-Investment research & decision-making at an allocator (e.g., health care, endowment, foundation, or pension), investment consultant, or investment management firm Required
Physical Demands – Director, Investments
• Pallet to Waist (6″ from floor) > 5 lbs: Seldom up to 10 lbs
• Waist to Waist > 5 lbs: Seldom up to 10 lbs
• Waist to Chest (below shoulder) > 5 lbs: Seldom up to 10 lbs
• Waist to Overhead > 5 lbs: Seldom up to 10 lbs
• Bilateral Carry > 5 lbs: Seldom up to 10 lbs
• Unilateral Carry > 5 lbs: Seldom up to 10 lbs
• Pushing Force > 5 lbs: Seldom up to 10 lbs
• Pulling Force > 5 lbs: Seldom up to 10 lbs
• Sitting: Frequently
• Standing: Occasionally
• Walking: Occasionally
• Forward Bend – Standing: Seldom
• Forward Bend – Sitting: Occasionally
• Trunk Rotation – Standing: Seldom
• Trunk Rotation – Sitting: Occasionally
• Reach – Above Shoulder: Seldom
• Reach – at Shoulder or Below: Seldom
• Handling: Occasionally
• Forceful Grip > 5 lbs: Seldom
• Forceful Pinch > 2 lbs: Seldom
• Finger/Hand Dexterity: Frequently
Primary Location
SITE – Corewell Health Place – 100 Corewell Drive – Grand Rapids
Department Name
Corporate Treasury Investments
Employment Type
Full time
Shift
Day (United States of America)
Weekly Scheduled Hours
40
Hours of Work
8:00 a.m. to 5:00 p.m.
Days Worked
Monday through Friday
Weekend Frequency
N/A
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Corewell Health is committed to providing a safe environment for our team members, patients, visitors, and community. We require a drug-free workplace and require team members to comply with the MMR, Varicella, Tdap, and Influenza vaccine requirement if in an on-site or hybrid workplace category. We are committed to supporting prospective team members who require reasonable accommodations to participate in the job application process, to perform the essential functions of a job, or to enjoy equal benefits and privileges of employment due to a disability, pregnancy, or sincerely held religious belief.
Corewell Health grants equal employment opportunity to all qualified persons without regard to race, color, national origin, sex, disability, age, religion, genetic information, marital status, height, weight, gender, pregnancy, sexual orientation, gender identity or expression, veteran status, or any other legally protected category.
An interconnected, collaborative culture where all are encouraged to bring their whole selves to work, is vital to the health of our organization. As a health system, we advocate for equity as we care for our patients, our communities, and each other. From workshops that develop cultural intelligence, to our inclusion resource groups for people to find community and empowerment at work, we are dedicated to ongoing resources that advance our values of diversity, equity, and inclusion in all that we do. We invite those that share in our commitment to join our team.
You may request assistance in completing the application process by calling 616.486.7447.
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