As part of the GIIN’s mission to accelerate the scale and effectiveness of impact investing, we publish job openings from members of the GIIN Investors’ Council and other impact investing leaders.

Manager, Portfolio Operations

at Ford Foundation in New York, NY

About the Job

Ford Foundation is continuing to hire for all open roles with all interviewing and on-boarding done virtually due to COVID-19. Everyone new to the team, along with our current staff, will temporarily work from home until it is safe to our offices.

SUMMARY DESCRIPTION

The Manager, Portfolio Operations is a multi-faceted role spanning operational support for the foundation's Program Related Investment (PRI) and Mission Related Investment (MRI) funds.

Reporting to the Deputy Director of Mission Investments (MI), the Manager will partner seamlessly across the entire MI team and serve as the operational face of the team. They will serve as the MI touch point for internal partners such as Finance, Legal and Investments as well as for external partners and vendors.

The ideal candidate is a person of high integrity with a deep understanding of investment management and reporting, private equity in particular; works well with many different groups; genuinely enjoys tracking, reporting and synthesizing lots of data; and is a highly detail-oriented juggler of information that thrives in a start-up environment.

RESPONSIBILITIES

Portfolio Management

  • PRI Fund:
    • Serve as relationship point-of-contact for PRI portfolio
    • Manage third-party service relationships, including accounts receivable and payable functions, reporting, and modification and restructuring requests
    • Manage PRI quarterly loss reserve review and annual PRI meeting
  • PRI and MRI Fund:
    • Prepare and maintain impact and financial performance dashboards and reports
    • Manage investment databases
    • Manage industry surveys and other external requests for portfolio-level data
    • Manage workflow of investment approval and closing processes

Operations

  • Support oversight and development of written operating procedures describing: sources of information, workflow, responsible parties (primary and alternate), deliverables and timelines.
  • Liaise with internal operations, legal, finance, investments and technology teams to:
    • Ensure MI processes and controls minimize operational risks.
    • Manage MI technology requirements.
    • Manage vendor relationships to ensure the availability of external analytical support for investment decisions.
    • Verify performance measurement by third-parties, including benchmark calculations.
    • Oversee preparation of investment-related audit materials and coordinate with the Foundation’s Investment Accounting unit to ensure a smooth audit process.
    • Oversee production of investment reporting.
    • Ensure that the MI team fulfills all applicable compliance obligations under US and foreign laws and regulations.

Qualifications

  • BA/BS plus at least 8 years of professional investment industry experience, or equivalent combination of education and experience.
  • Familiarity with a wide range of financial instruments and investments, including private partnership structures.
  • Familiarity with investment performance measurement.
  • Experience evaluating investment and operational risks of private equity and real estate investments.
  • IT project management experience highly desirable.
  • High degree of proficiency with financial software.
  • Desirable characteristics: Proven ability to think strategically, analyze critically, and translate operational ideas into action.
  • Strong quantitative and analytical skills, including a solid understanding of investment performance; attention to detail.
  • Commitment to impact investing and/or the advancement of environmental and social sustainable practices.

PREFERRED QUALIFICATIONS

  • MBA or CPA
  • Experience in generation of performance and related analytics for investment portfolios, risk reporting, and policy level compliance.
  • Foundation or endowment experience a plus. Alignment to Culture and Values
  • Commitment to the Foundation’s mission and core values of equity, openness, collaboration, trust, accountability and urgency
  • Personal qualities of humility, capacity for self-reflection, and a sense of humor
  • Discretion and ability to handle confidential issues
  • Action-orientated and entrepreneurial self-starter who can work well independently and in teams

Benefits

  • Medical and dental benefits for employee and immediate family on first day of work
  • Retirement savings account with matching company contributions of up to 13%
  • Three weeks’ paid vacation in first year of work; four weeks in subsequent years
  • Tuition Reimbursement
  • Office closed the week between Christmas and New Year’s Day
  • Professional development initiatives for growth
  • Generous parental leave (maternal and paternal) during new child’s first year (born into family or adopted) Equal employment opportunity and having a diverse staff are fundamental principles at The Ford Foundation, where employment and promotional opportunities are based upon individual capabilities and qualifications without regard to race, color, religion, gender, pregnancy, sexual orientation/affectional preference, age, national origin, marital status, citizenship, disability, veteran status or any other protected characteristic as established under law.

To apply