Manager of Investment Operations

ROME GROUP; Missouri; On-site; USD 90,000 - 130,000; Full time

Job summary

Mercy Investment Services seeks a Manager of Investment Operations in St. Louis, MO to lead day-to-day investment management within the Investments department.

The role reports to the Chief Investment Officer and coordinates portfolio structuring, cash flows, rebalancing, and financial statements. Responsibilities include audit and tax reporting, documentation, custodial liaison, and ensuring compliance with laws; collaboration with finance, vendors, and investment managers to support the

Qualifications

• Bachelor’s degree in accounting, finance or related field.
• Five years of demonstrable related experience and/or training.
• Strong technical skills in investment operations management, including record keeping, performance and compliance.
• Commitment to socially responsible investing and mission alignment.
• Ability to work collaboratively and independently on multiple projects.

Responsibilities

• Coordinate program cash flows, including monthly transactions and rebalancing.
• Assist in manager transitions and vendor selections.
• Prepare monthly rebalancing entries and custody documentation.
• Lead annual audit and tax reporting processes for investment function.
• Maintain investment-related documents and ensure accuracy of records.
• Provide compliance reports for regulators and committees.

Skills

Investment operations management

Financial reporting

Cross-functional collaboration

Communication skills

Attention to detail

Ethical standards

Analytical thinking

Project prioritization

Education

Bachelor’s degree in accounting/finance or related field

Master’s degree in business/finance (preferred)

Tools

Microsoft Office (Outlook, Word, Excel, PowerPoint)

Adobe Acrobat

Financial software (if any)

Job description

Manager of Investment Operations

Reports to: Chief Investment Officer

Department: Investments

Location: St. Louis, Missouri

Employment: Full‑Time

FLSA Status: Exempt

Organization Summary

Launched in February 2010, Mercy Investment Services provides for the collective investment and professional management of the endowment and other investment funds of the Sisters of Mercy of the Americas and their sponsored ministries, while working for a just and sustainable world and embraces socially responsible investing as a means of promoting systemic change, with emphasis in the areas of nonviolence, racism, environment, concern for women, and immigration. Our multifaceted socially responsible investing program includes shareholder advocacy engagement with companies, proxy voting, portfolio screening and impact investing (both community and market‑rate investments). More information is available at www.mercyinvestmentservices.org.

Position Summary

The Manager of Investment Operations reports to the Chief Investment Officer and assists in directing the day‑to‑day investment management of Mercy Investment Services’ socially responsible investment program, including, but not limited to, implementation of portfolio structuring and investment manager and vendor selection decisions; coordination of program cash flows, including monthly transactions, investment rebalancing, and investment manager transitions; preparation of quarterly fund financial statements; and leading the annual audit and tax reporting processes of Mercy Investment Services with respect to the investment function.

Position Responsibilities

Investment Operations

• Maintains primary responsibility for working with Finance and Administration and the program custodian to coordinate program cash flows, including monthly transactions, investment rebalancing, and investment manager transitions;
• Prepares monthly rebalancing entries;
• Responsible for completion of operational documentation related to managers;
• Serves as primary investment liaison with program custodian;
• Implements portfolio structuring and manager and vendor selection decisions;
• Monitors external communications and ensures appropriate actions are taken (e.g., capital calls);
• Oversees the organization and maintenance of investment‑related documents, including incoming correspondence, reports and tax information, ensuring accuracy and completeness of records;
• Coordinates the review and oversight of the organization’s securities lending program with the program custodian;
• Completes custodial requests for global tax‑related documentation, oversees collectability, and recommends valuation adjustments, as needed;
• Maintains responsibility for the coordination of documentation and communications pertaining to participation in potential securities class action litigation;
• Maintains investment manager, program custodian, and consultant contact information.

Compliance and Reporting

• Leads the annual audit of the organization with respect to the investment function, including responsibility for the valuation, activity and reporting related to and covered by the audits of the Mercy Funds and the Sponsored Ministry Funds;
• Works directly with external service providers to analyze, prepare and submit unrelated business taxable income and foreign informational filings;
• Reviews and responds to audit confirmations from external investment managers;
• Prepares Mercy Investment Services compliance reports for Chief Investment Officer and Investment Committee;
• Prepares reports required by regulatory agencies and ensures compliance with state and federal legal requirements;
• Maintains primary responsibility for preparing quarterly Fund financial statements;
• Maintains primary responsibility for private equity investment performance tracking and reporting.

Other Responsibilities

• Demonstrates a commitment to socially responsible investing and an understanding of its fundamental role within the organization;
• Engages staff, consultants and investment managers in considering ways to support Mercy Investment Services’ social responsibility guidelines and policies;
• Participates in Investment Committee meetings including preparing meeting materials and presenting information at the meetings, as necessary;
• Participates in preparation of meeting materials for Mercy Investment Services’ committees and Board of Directors, as necessary;
• Documents Investment Committee meetings;
• Pursues educational opportunities to expand investment‑related skillset, and to develop expertise that aligns with Mercy Investment Services’ mission, policies, and objectives;
• Carries out responsibilities in accordance with Mercy Investment Services’ policies and applicable laws; and
• Performs other duties as required.

Position Qualifications

Required

• Bachelor’s degree, preferably in accounting, finance or a related field;
• At least five years of demonstrable related experience and/or training;
• Strong technical skills in investment operations management, including record keeping, performance and compliance;
• Commitment to socially responsible investing as a means of addressing social and environmental justice issues;
• Demonstrated personal integrity and a commitment to ethical principles together with a strong service and mission orientation, inherent compassion and sensitivity to issues of justice;
• Ability to work collaboratively and/or independently on multiple projects simultaneously and to prioritize responsibilities;
• Ability to work with various constituents (i.e., civic community, vendors, consultants, religious community members, staff and co‑workers);
• Demonstrated sensitivity to and knowledge of cultural differences;
• Excellent written, verbal and interpersonal communication and presentation skills; and
• Strong computer skills with advanced knowledge of Microsoft Office, including Outlook, Word, Excel, PowerPoint, Access, and Adobe Acrobat.

Preferred

• Master’s degree in business administration, accounting, finance or related field;
• Prior experience implementing socially responsible investment portfolios in a not‑for‑profit or religious organization;
• Understanding and appreciation of the traditions and culture associated with the Sisters of Mercy; and
• Familiarity with the Catholic Church structures and teaching.