Investments Associate / Associate Director of Investments (Private Equity)

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• CURRENT PENN STATE STUDENT (not employed previously at the university) and seeking employment with Penn State, please login to Workday to complete the student application process. Please do not apply here, apply internally through Workday.

• If you are NOT a current employee or student, please click "Apply" and complete the application process for external applicants.

JOB DESCRIPTION AND POSITION REQUIREMENTS:

The Opportunity

If you are looking to belong to an organization that is focused on education, research, and impacting the world, you may be interested in this career opportunity. Penn State's multi-billion-dollar Long Term Investment Pool (LTIP) is a diversified program invested across a variety of asset classes and strategies.

The Office of Investment Management (OIM), together with Penn State Investment Council (appointed by the University's Board of Trustees), are charged with managing the LTIP for current and future program spending while preserving the long-term purchasing power of the overall portfolio. Wisely investing funds for Penn State will support future generations through education, while also contributing to the growth and development of Penn State.

Position Summary

OIM is looking for an Investments Associate, or an Associate Director of Investments, based on the qualifications of the successful candidate. This individual will report to the person leading private equity investing for OIM. As a key member of a growing investment team, the position will monitor existing investment managers and conduct due diligence on new investment managers.The position will make recommendations to improve the process, the existing portfolios, and support the overall mission. The successful candidate will play a vital role in the strategic design and oversight of Penn State's investment portfolios.

The position will be primarily focused on private equity but offers an opportunity to have broad exposure to all asset classes and develop investment expertise in endowment management.As a member of OIM, you will be joining a team of individuals who have the ambition to help Penn State succeed.

Requirements to express an interest

Please note that a resume and cover letter are required as part of this application. All application materials must be uploaded at the time of application, as you will not be able to update your application once you hit submit.

Interested candidates are encouraged to learn more about our office at our website.

https://oim.psu.edu/

Expected Competencies - Experience, Knowledge, and Skills

The Pennsylvania State University seeks an experienced and dynamic investment professional that will challenge and assist in the evolution of our investment beliefs. Passion for investing and intellectual curiosity are necessary. The successful candidate will be able to work independently as well as in a collaborative environment with a diverse team.

The Investments Associate position minimally requires a bachelor's degree and 3 years of relevant experience or an equivalent combination of education and experience. The preferred candidate will have previously supported individual fund due diligence including sourcing ideas; supported participation in Limited Partner Advisory Committees (LPACs); supported completion of all legal documents with the assistance of counsel. MBA or similar master's degree, CAIA, and/or CFA Charter-holder or progress towards preferred.

Willingness to travel meaningfully (25%), both domestically and less frequently internationally.

• Anticipated salary range for Associate, Investments position: $123,200 - $191,000.

The Associate Director of Investments position minimally requires a bachelor's degree and 6 years of relevant experience or an equivalent combination of education and experience. The preferred candidate will have demonstrated experience in leading individual fund due diligence including sourcing ideas, participation in Limited Partner Advisory Committees (LPACs), engagement with all legal documents with the assistance of counsel, and regular communication with General Partners to maintain strong relationships. MBA or similar master's degree, CAIA, and/or CFA Charter-holder or progress towards preferred.

Willingness to travel meaningfully (25%), both domestically and less frequently internationally.

• Anticipated salary range for Associate Director, Investments position: $163,000 - $252,700.

The preferred candidate will possess:

• Ability to assist in monitoring, analysis, and research for a complex portfolio of illiquid investment strategies in the Private Equity portfolio and other portfolios as required.

• Ability to assist in due diligence of new and existing investment managers and strategies in the Private Equity portfolio and other portfolios as required.

• Ability to act as lead project manager on research, investment process, and operational projects on an ad-hoc basis. Ability to supervise and coordinate the work of Investment Analysts on ad-hoc projects.

• The ability to constructively challenge and respectfully debate topics, quickly synthesize information, and articulate complex investment issues and develop immediate credibility with a diverse audience and with people at all levels of understanding.

• Poise, presence, excellent written and verbal communication, critical thinking skills, and the potential to develop strong business relationships.

• Initiative and ability to manage multiple tasks; advancing projects from ideas to outcomes.

Flexible Work Arrangements

The position offers flexible work arrangements, such as in office, remote or hybrid work opportunities. Questions related to flexible work should be directed to the hiring manager during the interview process.

Conditions of Employment

Due to the financial and fiduciary responsibilities of this position, successful completion of a credit history check will be required in addition to standard background checks.

Benefits

Consider joining Penn State where you would enjoy a generous benefits package from the first day on the job!

The Pennsylvania State University is committed to and accountable for advancing diversity, equity, inclusion, and sustainability in all of its forms. We embrace individual uniqueness, foster a culture of inclusion that supports both broad and specific diversity initiatives, leverage the educational and institutional benefits of diversity in society and nature and engage all individuals to help them thrive. We value inclusion as a core strength and an essential element of our public service mission.

The salary range for this position, including all possible grades is:

Salary Structure - additional information on Penn State's job and salary structure.

CAMPUS SECURITY CRIME STATISTICS: