Investment Analyst

DAVID & LUCILE PACKARD FNDTN; Los Altos (CA); Hybrid; USD 117,000 - 129,000; Full time

Benefits offered by this job

Medical insurance

Dental and vision coverage

Retirement plan

Paid time off

Adoption benefit

Tuition assistance

Job summary

The David and Lucile Packard Foundation in Los Altos, CA is seeking an Investment Analyst to support a small team across the investment process. You will analyze data, perform due diligence, and prepare materials for the Investment Committee, working closely with portfolio managers and external fund managers.

You will interact with leading fund managers and gain hands-on experience in portfolio construction, risk management, and market research while contributing to the foundation’s long-term

Qualifications

• Up to two years of work experience in an analytical role relevant to investing.
• Strong interest in investing as a career and solid quantitative abilities.
• Ability to work independently and in a team; high integrity.

Responsibilities

• Collect, analyze, and synthesize portfolio-wide data related to exposures and performance.
• Monitor and share news flow and industry research relevant to the portfolio.
• Conduct analyses on existing and prospective fund managers to gain insights.
• Participate in meetings with fund managers as part of due diligence and monitoring.
• Prepare materials for discussion with the Investment Committee.
• Build relationships with colleagues at peer institutions and fund managers.
• Be in person in our Los Altos, CA headquarters three days per week.

Skills

Analytical skills

Quantitative skills

Attention to detail

Communication skills

Excel proficiency

Education

CFA program

Job description

About The David and Lucile Packard Foundation

The David & Lucile Packard Foundation was founded in 1964 by David and Lucile Packard. We work with people and communities to create enduring solutions for just societies and a healthy, resilient natural world. We have worked with thousands of organizations and leaders in the U.S. and worldwide to advance progress in the critical areas of science, ocean and land conservation, climate change, women’s reproductive health and rights, and the well-being of children, families, and communities.

OUR VISION: A just and equitable world where both people and nature flourish.

Our new vision embraces a future where both people and nature flourish in a more just and equitable world. We explicitly acknowledge that the fate of people and the natural environment are inextricably linked. Solutions to the complex challenges we face must account for this interconnectedness.

OUR MISSION: We work with people and communities to create enduring solutions for just societies and a healthy, resilient natural world.

Our new mission takes on the critical work of addressing root causes of the challenges we face and mobilizing people for collective action. In addition to building on approaches that have guided our philanthropy for decades — working in partnership, committing to issues over the long-term, and grounding our work in science, knowledge, and data – we focus on understanding the systems that either accelerate or impede progress. It is only through just and equitable systems that we can find and sustain solutions to some of the biggest challenges we face today.

OUR VALUES: Equity, Integrity, Belief in Individual Leadership, Thinking Big, Respect, and Effectiveness

In addition to clarifying our long-held values, we added equity. We will champion equity by treating people with dignity, honoring a range of ideas and perspectives from those closest to the issues, creating inclusive processes, and funding people who have been historically excluded to spur progress for all. For more information, including our definitions of key concepts, please visit our website.

Department Overview

The Investments team is a 13-person team comprised of nine investment professionals and four operations and administrative professionals. We invest the Foundation’s $9 billion endowment portfolio across asset classes such as public and private equities, venture capital, real estate, hedge funds, and fixed income and across geographies such as the United States, China, India, Latin America, and Europe, creating a stream of payments to the Foundation’s charitable programs. Our goal is to generate excellent risk-adjusted returns that are sufficient to fund the Foundation’s grantmaking activities, while preserving the real value of the portfolio over the long term. We invest by finding the world’s best fund manager talent and building long-term relationships with these funds. We work closely and collaboratively, valuing intellectual curiosity, debate, and teamwork.

Position Summary

The Investment Analyst role is a generalist position, working broadly on investments across the portfolio and with various senior team members on all aspects of the investment process. You will have the opportunity to interact with some of the most talented fund managers in the world while serving as the analytical backbone for our small team and learning the fundamentals of investing.

Primary Duties and Responsibilities

• Collect, analyze, and synthesize portfolio-wide data related to exposures (e.g., geographic and sector exposure, liquidity, asset allocation) and performance
• Monitor and share news flow and industry research relevant to the portfolio
• Conduct analyses on existing and prospective fund managers to gain insights into historical performance and investment strategy
• Participate in meetings with existing and prospective fund managers as part of due diligence and portfolio monitoring
• Prepare materials for discussion with the Investment Committee (e.g., investment memos, strategy roadmaps, asset allocation, etc.)
• Build relationships with colleagues at peer institutions and fund managers
• Be in person in our Los Altos, CA headquarters three days per week

Qualifications

Education

• Willingness to participate in the Chartered Financial Analyst (CFA) program

Experience

• Up to two years of work experience in an analytical role relevant to investing (e.g., investment management, consulting, investment banking, or other)

Knowledge, Skills, and Abilities

• Strong interest in investing as a career
• Strong and demonstrated quantitative and analytical skills
• Strong orientation to detail and accuracy; excellent organizational skills
• Excellent written and oral communication skills
• High level of intellectual curiosity and ability to think critically
• High degree of integrity and honesty
• Demonstrated ability to be a self-starter, multi-task, and work well both independently and as a member of a team
• Comfort with Microsoft Excel or similar tools to analyze large amounts of data
• Familiarity with Microsoft Word, PowerPoint, and Outlook
• This role requires occasional travel, estimated at 20% of the time. Travel is typically planned and occurs on an as-needed basis.
• Work Authorization:At this time, we are unable to sponsor employment visas or consider candidates who willrequirevisa sponsorship now or in the future. All applicants must belegally authorized to work in the United States on a full-time basis without current or future sponsorship.

Compensation and Benefits

The position is full-time. The starting salary range for this position based in California is $117,000 to $129,000 annually, not including annual incentive award opportunity. This salary range is an estimate, and the actual salary may vary based on various factors, including without limitation individual education, experience, tenure, certification, skills, and abilities, as well as internal equity and alignment with market data. Offers are based on the candidate’s years of experience and our practice of upholding salary equity within the foundation.

The David and Lucile Packard Foundation offers excellent benefits for eligible employees. Current benefits include medical (HMO and HDHPs), dental and vision coverage; 15% employer contribution to employee retirement plan; life insurance, disability insurance, vacation, and sick leave; an adoption benefit; fertility benefit; a financial wellness program; health advocacy services, paid time off to volunteer for nonprofit organizations; matching grants for employee contributions to tax exempt organizations; commute assistance; and tuition assistance.

Hybrid Work Policy

The Packard Foundation’s current Hybrid Work Policy is that staff are expected to be in the office on Tuesdays and Wednesdays each week. The Investments team is expected to be in person three days per week.

The Foundation is an equal employment opportunity employer, which means we recruit, hire, assign, train, promote, compensate, provide benefits, discipline, and discharge (and all the other terms and conditions of employment) based on merit, qualifications, job requirements, and other legitimate business factors.