Investment Director

Beth Israel Lahey Health; Boston (MA); On-site; USD 187,000 - 229,000; Full time

Job summary

Beth Israel Lahey Health's Investment Office is seeking a thoughtful, analytical investment professional to help manage the hospital system's endowment and foundation assets. The role involves rigorous diligence on external managers across asset classes, and both quantitative and qualitative assessments of portfolio construction.

You will engage directly with managers, participate in internal discussions on whether to invest and how much capital to deploy, and contribute to the office's

Qualifications

• Undergraduate degree required; graduate degree or CFA valued.
• Direct investment experience preferred or demonstrated interest in informed, differentiated decision-making.

Responsibilities

• Conduct diligence on new and existing managers across asset classes.
• Perform quantitative and qualitative assessments and analyze portfolio construction.
• Engage with managers directly—through calls, meetings, and in-depth review of materials.
• Lead and contribute to internal discussions to determine whether to invest and how much capital to deploy.

Skills

Curious

Analytical

Intellectually honest

Driven

Persistent

Collaborative

Education

Undergraduate degree

Graduate degree or CFA

Job description

When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives. The Beth Israel Lahey Health Investment Office (BILHIO) manages the long-term investment assets for the Beth Israel Lahey Health (BILH) hospital system, which is the second largest healthcare system in New England. Comprising 14 hospitals and over 4,700 physicians, BILH is not only the leading inpatient care provider in the Boston metro area, but also a premier teaching affiliate of Harvard Medical School. In 2023 BILH announced a collaboration with the Dana-Farber Cancer Institute, and will soon build the region’s only free-standing inpatient hospital for adult cancer patients. The Investment Office also manages the majority of the endowment and foundation assets for Combined Jewish Philanthropies (CJP). Founded over 125 years ago, CJP has played an integral role in addressing poverty, social justice, and helping those challenged with disabilities, mental illness, or aging. CJP also supports other programs that strengthen the Jewish community. As a member of our team, your contribution has a direct impact on BILH’s capacity to provide comprehensive, high-quality patient services and research, and on CJP’s ability to serve those in need both locally and globally. While organizationally part of Beth Israel Lahey Health (BILH), the Investment Office is overseen by ten widely recognized investors and allocators referred to as the Board of Managers. The Board is a source of significant investment insight, and owing to its stability over many decades, ensures long-term investment decision-making and a consistent application of our investment philosophy. The Investment Office meets quarterly with the Board, and as a member of our team, you will attend these meetings and be an important part of our investment process.

Job Description:

• Conducting diligence on new and existing managers across asset classes.
• Performing quantitative and qualitative assessments, analysis of portfolio construction and holdings, and diligence calls.
• Engaging with managers directly—through calls, meetings, and in-depth review of materials.
• Leading and contributing to internal discussions that determine whether to make or maintain an investment, and if so, how much capital to invest.

As importantly, we also look to each team member to make meaningful contributions to the continued intellectual growth of the office. We expect you to participate actively in all of our meetings, and will value your ability to think independently. Joining our team presents an excellent opportunity for personal growth, while positively impacting the further development of the Office. Your success also provides the opportunity to make a meaningful contribution to institutions that are critical to the delivery of healthcare locally and to philanthropic efforts globally.

Education & Skills Attributes – Curious, analytical, intellectually honest, driven, persistent, collaborative.

Education – Undergraduate degree with demonstrated achievement. Graduate degree or CFA is valued.

Experience – Possess direct investment experience and pursued interests that lead to informed and differentiated decision-making.

Interests – Broad interests that uniquely shape your perspectives as an investor.

Pay Range: $187,200.00 USD - $228,800.00 USD The pay range listed for this position is the annual base salary range the organization reasonably and in good faith expects to pay for this position at this time. Actual compensation is determined based on several factors, that may include seniority, education, training, relevant experience, relevant certifications, geography of work location, job responsibilities, or other applicable factors permissible by law.

As a health care organization, we have a responsibility to do everything in our power to care for and protect our patients, our colleagues and our communities. Beth Israel Lahey Health requires that all staff be vaccinated against influenza (flu) as a condition of employment. More than 35,000 people working together. Nurses, doctors, technicians, therapists, researchers, teachers and more, making a difference in patients' lives. Your skill and compassion can make us even stronger.

Equal Opportunity Employer/Veterans/Disabled At Beth Israel Lahey Health, we are driving the change in health care that Massachusetts wants and needs. Our culture promotes continuous learning, growth, innovation and a sense of belonging. We make it a priority to offer comprehensive compensation and benefits and help you achieve a healthy and balanced life. While you're busy caring for and supporting our patients, we take care of you.