Supports investment analysis activities for all investments within Advocate Health, Inc. and its subsidiaries. Monitor global economic and market conditions to recognize opportunities for new investments. Perform rigorous qualitative and quantitative due diligence to validate the attractiveness of investment opportunities and recommend actions to the investment team. Monitor and continually evaluate investments after the investment decision is implemented with ongoing due diligence activities to include: preparing and analyzing investment reports, monitoring and evaluating investment manager performance, and utilizing risk management tools. Position is expected to collaborate with other investment team members regarding qualitative and quantitative investment analysis and reporting.
Major Responsibilities: Due Diligence, Investment Recommendations, and Market Research: Monitor global market conditions and the investment activities of investment managers. Actively participate in meetings with existing and prospective investment managers and summarize information or proposed action items gleaned from those meetings. Identify and communicate key risks and considerations identified during due diligence activities and investment manager meetings. Due Diligence: Actively participate in and lead periodic meetings and calls with both existing and prospective investment managers to gain an understanding of the manager's philosophy, process, and portfolio. Thoroughly review offering materials provided by prospective investment managers and summarize key terms, strengths, and prospective issues to investment team. Compile due diligence data requests lists and seek appropriate information to address diligence matters. Conduct competitive / peer analysis and review track record vs relevant benchmark data for prospective managers. Attend investment managers' annual meetings as necessary. Communicate key information and conclusions from these meetings to the investments team. Investment Meetings: Assist VP-Investments with investment manager meeting preparation and be able to lead meetings in presence of the the VP-Investments. Investment Recommendations: Identify primary strengths and risks for prospective investment managers. Prepare a concise written summary of terms and key diligence items to investment team during various stages of diligence. Recommend appropriate actions based on analysis of information gleaned from meetings, conversations, reference calls, and data. On-Going Monitoring: Read all communications from investment managers and summarize key issues and/or changes to investment team. Market Research: Perform market research for the purpose of industry education, trend identification, and documentation of best practices. Attend relevant local industry events and read pertinent white papers, summarizing findings for members of the investment team. Investment Analytics: Perform investment analysis (both qualitative and quantitative) of both individual investment managers and appropriate asset classes. Evaluate investment manager performance and summarize relevant developments to the investment team. Independently perform performance attribution and summarize findings to the investment team. Develop and maintain reports detailing the exposures and key developments within the portfolio. Investment Manager Evaluation: Continually monitor and evaluate investment manager performance relative to established benchmarks and asset class. Review industry reports and performance commentary to the extent it may impact existing managers. Monitor exposure reports and other risk metrics for the purpose of identifying strategy shifts or other notable trends. Periodically provide narrative to SVP-Investments regarding material developments to contribute to portfolio level performance and risk analysis efforts. Risk Management: Assist in the development and maintenance of risk management tools and reports detailing the exposure of investment managers to various metrics of interest, including sectors, regions, market capitalizations, factors, etc. Research any metrics that fall outside of established expectations and recommend appropriate action to manage these risks Investment Documentation and Reporting: Ensure decisions are appropriately documented and archived within the relevant investment databases and accurately reported to internal stakeholders. Documentation: Work with external counsel, investment consultant and VP-Investments to ensure proper documentation of investment diligence, approval, and sizing decisions. Review and maintain relevant internal databases to ensure accurate investment manager and service provider contact information as well as fees and other key contractual terms. Review manager communications and conduct periodic manager data requests as appropriate. Manager Reporting: Collaborate with Investment Operations team to review accuracy and completeness of manager performance and other reporting data. Ensure accessibility of documents for use by Operations and/or Accounting teams. Utilize appropriate technology to optimize external and internal data request processes. Investment Operations Support: Collaborate and coordinate with members of the investment team across a variety of workflows, specifically investment operations. Investment operations support may include maintenance of internal databases, preparation of direction letters and legal documents, aggregation of portfolio level data, trade planning and cash forecasting. Education Requirements: Bachelor's Degree in Finance, Accounting or Economics Experience Requirements: Typically requires 5+ years of related experience in finance, capital markets or investments Knowledge, Skills & Abilities Required: Excellent spreadsheet skills Strong analytical skills Strong communication skills Strong attention to detail Must be a team player Ability to handle confidential information with respect for sensitive nature of the data Ability to prioritize independently and respond to multiple simultaneous requests Ability to work in changing environment. Ability to work under stressful conditions and in difficult situations. Willingness to pursue additional education such as the CFA designation This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.