Job Description Summary
The Medical University of South Foundation (“Foundation”) is the non-profit entity that accepts charitable donations, manages investments, and administers funds for the benefit of the Medical University of South Carolina and MUSC Health. The Foundation has total assets of over $850 million. Of these assets, approximately $810 million are invested in the Foundation’s Long-Term Portfolio ($765 million) and Short-Term Portfolio ($45 million). The Foundation’s investable assets are managed by third party money managers in a variety of strategies.
The Long-Term Portfolio has a policy allocation of 75% Equity / 15% Diversifying Strategies / 10% Fixed Income. Within these asset classes and strategies, the Foundation invests in traditional equity, venture capital, private equity, distressed debt, direct lending, private real estate, hedge funds, and core fixed income.
Currently, the Foundation’s investment team is comprised of the CEO, Portfolio Manager, and our external investment consultant. The staff is responsible for managing portfolios to achieve the investment objectives and comply with the investment policies established by the Foundation’s Board of Directors. The Investment Associate will assist the CEO and the Portfolio Manager in their duties, as well as manage an Investment Analyst and any interns that should be hired.
In addition to our investable assets, the Foundation also owns about $45 million of direct real estate where MUSC is the primary tenant.
Entity
University Medical Associates (UMA) Only Employees and Financials
Worker Type
Employee
Worker Sub-Type
Regular
Cost Center
CC002075 UMA OTHR PAY MUSC Foundation CC
Pay Rate Type
Salary
Pay Grade
Health-26
Scheduled Weekly Hours
40
Work Shift
Job Description
The Medical University of South Foundation (“Foundation”) is the non-profit entity that accepts charitable donations, manages investments, and administers funds for the benefit of the Medical University of South Carolina and MUSC Health. The Foundation has total assets of over $850 million. Of these assets, approximately $810 million are invested in the Foundation’s Long-Term Portfolio ($765 million) and Short-Term Portfolio ($45 million). The Foundation’s investable assets are managed by third party money managers in a variety of strategies.
The Long-Term Portfolio has a policy allocation of 75% Equity / 15% Diversifying Strategies / 10% Fixed Income. Within these asset classes and strategies, the Foundation invests in traditional equity, venture capital, private equity, distressed debt, direct lending, private real estate, hedge funds, and core fixed income.
Currently, the Foundation’s investment team is comprised of the CEO, Portfolio Manager, and our external investment consultant. The staff is responsible for managing portfolios to achieve the investment objectives and comply with the investment policies established by the Foundation’s Board of Directors. The Investment Associate will assist the CEO and the Portfolio Manager in their duties, as well as manage an Investment Analyst and any interns that should be hired.
In addition to our investable assets, the Foundation also owns about $45 million of direct real estate where MUSC is the primary tenant.
QUALIFICATIONS
- Keen interest and basic knowledge of investing, finance, accounting, and statistics
- Strong Microsoft Excel and PowerPoint skills
- Ability to perform qualitative and quantitative analysis
- Clear writing skills
- Organized, inquisitive, diligent, and self-directed
- High standards of work quality and presentation
JOB DESCRIPTION
INVESTMENT RESEARCH Work with CEO / Investment Associate to:
- Participate in investment manager research and due diligence
- Schedule manager calls and meetings
- Document meetings
- Perform quantitative analysis
- Write manager recommendation memos
- Manage the Foundation’s research calendar
- Maintain manager due diligence files
- Master analytical tools and databases
- Perform portfolio analysis – asset allocation modeling, risk analysis
- Produce investment presentations
INVESTMENT OPERATIONS Work with Investment Associate to:
- Run Weekly Investment Team Meeting
- Prepare materials - cash forecast, portfolio allocations
- Lead discussion on current financial markets
- Monitor cash balances and asset allocation targets
- Coordinate with Foundation staff to build cash flow forecasts
- Recommend periodically rebalancing trades in investment portfolios and cash accounts
- Review of monthly investment reports from managers and consultants
- Produce reporting for external parties
- Monitor the Foundation’s operations email account and coordinate the appropriate responses
- Maintain relationships with investment consultants, custodians, and other service providers
- Maintain journal of investment decisions and rationale
Work with CFO and Controller to:
- Assist monthly fund allocation process
- Collect and organize managers’ annual K-1 forms
- Assist in collection of materials for annual audit
Work with CEO / Investment Associate to:
- Produce materials for quarterly committee / board meetings
SPECIAL PROJECTS
- Perform analysis as directed by CEO / Investment Associate
- Pitch in and help where needed
Additional Job Description
Education: Bachelors Degree or equivalent Work Experience: 2-4 years
If you like working with energetic enthusiastic individuals, you will enjoy your career with us!
The Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race, color, religion or belief, age, sex, national origin, gender identity, sexual orientation, disability, protected veteran status, family or parental status, or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications, merit and business need.
Medical University of South Carolina participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here: http://www.uscis.gov/e-verify/employees
Quantitative Finance (2)