Senior Associate, Portfolio Implementation Management

Cambridge Associates LLC; Boston (MA); On-site; USD 81,000 - 106,000; Full time

Job summary

Cambridge Associates seeks a Senior Associate to join our Portfolio Implementation Management Team. The role focuses on overseeing the implementation and execution of investment decisions, coordinating with investment teams and clients, and improving portfolio processes to ensure efficient, compliant operation across multiple client portfolios from trade planning to execution.

The Senior Associate will maintain portfolio monitoring, develop asset allocation insights, and liaise with external

Qualifications

• BS/BA with 5-7 years of experience in the financial services industry.
• Knowledge of alternatives particularly private equity & hedge funds preferred.
• Demonstrate accountability, excellent attention to detail, intellectual curiosity, and excellent oral and written communication skills.
• Superior and demonstrated problem-solving, analytical, and organizational skills.
• Ability to work with a singular focus or on several projects simultaneously, both independently and collaboratively.
• Demonstrated skill in project management and prioritization.
• Strong interest in and general knowledge of investments, key industry terms and broad financial concepts.
• Proficiency with Microsoft Excel and familiarity with other Microsoft Office software.
• Proven ability to deliver on time with high accuracy and quality.

Responsibilities

• Coordinate portfolio operations and client inquiries.
• Serve as central point of contact for investment teams and internal stakeholders.
• Support portfolio decisions with execution and monitoring.
• Maintain client portfolio monitoring and projections.
• Develop portfolio structure exhibits and implement diverse investment strategies.
• Liaise with service providers to ensure proper transaction execution.

Skills

Attention to detail

Oral & written communication

Analytical skills

Project management

Investments knowledge

Education

BS/BA

Tools

Microsoft Excel

Job description

Firm Overview

Cambridge Associates(“CA”) is a leading global investment firm. CA’s goal is to help endowments & foundations, pension plans, and ultra-high net worth private clients implement and manage custom investment portfolios that generate outperformance so that they can maximize their impact on the world. Cambridge Associates delivers a range of services, including outsourced CIO, non-discretionary portfolio management, and investment consulting. Headquartered in Boston, Massachusetts, CA has offices in key markets in North America, the United Kingdom, Europe, Asia, and Oceania. Our worldwide teams ensure our clients benefit from decades of global presence, local expertise, and relationships with the top global investment managers across the world. For more information, please visit www.cambridgeassociates.com.

Job Description Summary

Cambridge Associates seeks to hire an Senior Associate to join our Portfolio Implementation Management Team. The Portfolio Implementation Management Team is part of Global Portfolio Services. The Team’s mission is to provide advanced operational support to clients and investment teams by developing a deep understanding of their respective operational and service needs, while acting as the central point of contact for both clients and internal teams. Additionally, our goal is to minimize the investment team’s involvement and oversight of transaction implementation, tracking, and reporting so that they can focus on making investment decisions. Our clients are served by a full-service investment team including a Chief Investment Officer (CIO), Investment Directors, and Investment Associates as well as Portfolio Implementation and Operations Analysts, who construct and manage portfolios in line with each client’s investment objectives. Senior Associates work across multiple clients (with varying size and complexity). Their main responsibility is to oversee the implementation and execution of investment decisions through knowledge of institutional portfolio investments, experience managing both internal and external stakeholders, and strong organizational skills. Senior Associates work with each investment team to ensure best practices are being utilized for the implementation and execution of investment decisions.

Job Description

RESPONSIBILITIES

• The Portfolio Implementation Management Senior Associate is a crucial part of the broader Investment Team and our Clients’ experience coordinating all portfolio operations and inquiries.
• They act as a central point of contact for investment teams and other internal stakeholders implementing portfolio decisions.
• Central operational point of contact for investment teams and clients.
• Serve as a key operational resource for the investment team and provide additional support as needed including investment and client relationship management activities.
• Serve as a main point of contact for clients and other external stakeholders on all operational matters.
• Participate in the new business onboarding process, helping to guide the client through requirements and facilitating internal review.
• Help to improve best practices for portfolio implementation, contribute to changes to existing processes and platforms via engagement with the Portfolio Implementation Management Group, and play a key role in the development & implementation of new initiatives.
• Manage portfolio implementation Management of the full investment life cycle, from trade planning through to investment execution for each client portfolio.
• Maintain clients’ portfolio monitoring and projections spreadsheets by updating portfolio positioning and future investment decisions in coordination with Portfolio Director(s).
• Incorporate knowledge of allocation targets and tactical tilts into rebalancing proposals, together with specific asset class sizing and trade recommendations.
• Manage investment timing and additional portfolio & client guideline considerations to create and execute trade plans.
• Directly engage with client contact(s), internal CA business areas, and third-party managers to ensure effective communication and implementation of investment decisions.
• Develop and maintain custom portfolio structure exhibits for investment team and client use.
• Implement a variety of investment strategies and products e.g., ETFs, mutual funds, futures, hedge funds, private equity & other illiquid diversifiers.
• Portfolio monitoring, reporting, and oversight.
• Liaise with service providers to ensure proper transaction execution and that optimal exposures to target allocations are maintained.
• Proactively monitor portfolio liquidity and cash balances, taking into account spending and unfunded private equity and venture capital (PE/VC) commitments.
• Evaluate & monitor compliance of the portfolio against client guidelines.
• Serve as primary liaison between investment team and performance reporting team, communicating any changes to setup/structure.
• Client team management and ad hoc tasks & skills.
• Build an understanding for how specialized service providers operate (e.g., futures overlays, traders, post distribution management, secondaries sales) and can be used for portfolio management needs.
• Coordinate with investment teams to complete ad-hoc operational projects, provide supplemental portfolio analysis, and gather information to aid investment decisions.
• Leverage knowledge of investment and portfolio management concepts to help external providers (legal, tax, audit) complete work related to the portfolio.
• Participate in department projects and working groups to improve processes, training, and other ad hoc topics.

QUALIFICATIONS

• BS/BA with 5-7 years of experience in the financial services industry. Experience in portfolio-related operations is valuable.
• Knowledge of alternatives particularly private equity & hedge funds preferred.
• Demonstrate accountability, excellent attention to detail, intellectual curiosity, and excellent oral and written communication skills.
• Superior and demonstrated problem-solving, analytical, and organizational skills.
• Ability to work with a singular focus or on several projects simultaneously, both independently and collaboratively.
• Demonstrated skill in project management and prioritization.
• Strong interest in and general knowledge of investments, key industry terms and broad financial concepts.
• Proficiency with Microsoft Excel and familiarity with other Microsoft Office software.
• Proven ability to deliver on time with high accuracy and quality.

Base salary range for this role: Pay Range Minimum: 81200 Pay Range Maximum: 105600

In addition to the listed salary range, this position is eligible for an annual performance-based bonus and a comprehensive, competitive benefits package.

Actual placement within the stated salary range will be determined based on factors such as skills, experience, and qualifications, as well as internal equity.

The firm is committed to the concept and practice of equal employment opportunity and will not discriminate against any employee or applicant on the basis of race, color, religion, age, sex, national origin, sexual orientation, gender identity, disability, or veteran status.

It is expected that all employees will follow a similar policy toward their co-workers.

Since our founding in 1973, we have been a market leader in building diversified investment portfolios.

With 13 offices around the globe and a world-class network of managers, we offer the scale, resources, and networks of a global firm, coupled with the trust, independence, and personal attention of a boutique firm.

Our work helps our clients do good in the world, and we embrace the opportunity to contribute to their positive impact.