Investment Associate

The California Wellness Foundation; Los Angeles, Oakland (CA, CA); On-site; USD 108,000 - 162,000; Full time

Benefits offered by this job

Health plans (premium coverage)

401(k) matching

Flexible paid time off

Tuition reimbursement

Professional development

Matching gifts

Job summary

The California Wellness Foundation in Los Angeles is seeking an Investment Associate to join a five-member finance team led by the Chief Financial Officer. You will help maximize the endowment and mission-related investments while expanding a growing, more complex portfolio and interacting with the CEO, the executive team, and the Board.

The role values alignment with our mission, strong analytical and program-management skills, and exemplary communication and relationship-building abilities

Qualifications

• Strong analytical and program management skills.
• Excellent communications and relationship-building aptitude.
• Demonstrated DEI lens in professional work.

Responsibilities

• Maximize the endowment and mission-related investments.
• Manage a larger, more complex investment portfolio.
• Interact with the CEO, executive management, and Board, including Investment Committee presentations.

Skills

Analytical skills

Program management

Communications

Relationship-building

DEI lens

Job description

The California Wellness Foundation (Cal Wellness) is a private, independent foundation established in 1992 with a mission to protect and improve the health and wellness of the people of California. As one of the largest health-focused foundations in California, with over $1 billion in assets, Cal Wellness is a nationally recognized leader for its strategic core operating support for grantees; public policy grantmaking; and a focus on violence as a public health issue. It is Cal Wellness’ desire to promote equity and level the playing field so that everyone has access to good-paying jobs; healthy and safe neighborhoods; and quality health care services.

The foundation’s current Advancing Wellness grantmaking strategy includes four interrelated portfolios. Since its founding, Cal Wellness has awarded nearly 9,000 grants totaling more than $1 billion. As the foundation looks to the future, it is pursuing new and innovative strategies beyond its core grantmaking to advance its mission, including implementation of new technology systems, development of its public affairs capacity, and establishing mission- and program-related investment portfolios.

Please visit http://www.calwellness.org for more information.

ABOUT THE POSITION

The Investment Associate will join Call Wellness’ diverse and growing 5-person finance team headed by the Chief Financial Officer and will report directly to the Director of Investments. Finance oversees the foundation’s money, including our operating budget and our mission-related investments, and collaborates closely with other departments, including Operations and Grants Programs. The Investment Associate will add capacity to help maximize the endowment and PRIs and manage a larger, more mission-aligned, and more complex investment portfolio. The Investment Associate will have the opportunity to learn and grow within a supportive team as well as to interact with the CEO, the executive management team, and the Board of Directors, including presenting in Investment Committee meetings.

The ideal candidates will be aligned with our mission and values; possess strong analytical and program management skills; demonstrate exceptional communications and relationship-building aptitude to respectfully develop genuine connections with internal team members and various external constituencies; and embody, through lived experience, applying a DEI lens to our work.

COMPENSATION

The target starting annual salary for the newly hired Investment Associate is $130,000. The full salary grade for the role is $108,000 to $162,000 per year. Highlights from our benefit package include: a variety of health plans (we pay 90-95% of the premiums), a generous 401(k) retirement savings plan (with a 16% employer contribution), flexible paid time off, tuition reimbursement (up to $5,250 per year), professional development opportunities, matching gifts (for every $1 you give to an eligible organization, we’ll match $2), and the opportunity to work at a mission and values driven organization.

The California Wellness Foundation is an equal opportunity employer and welcomes a diverse candidate pool. Additionally, we are a fair chance employer and welcome candidates with living experience with the criminal justice system.

The above job description is intended to describe the general nature and level of work performed and is not intended to limit the scope of potential work assignments. This is only a summary of the typical functions of the job and duties may differ from those as outlined above