At Cleveland Clinic Health System, we believe in a better future for healthcare. And each of us is responsible for honoring our commitment to excellence, pushing the boundaries and transforming the patient experience, every day.
We all have the power to help, heal and change lives — beginning with our own. That’s the power of the Cleveland Clinic Health System team, and The Power of Every One.
Job TitlePrincipal - Private Capital
LocationBeachwood
FacilityCC Administrative Campus
DepartmentInvestment Office-Finance
Job CodeT98278
ShiftDays
Schedule8:30am-6:00pm
Job SummaryThe Investment Principal will work with the Chief Investment Officer (CIO), Managing Directors and Directors to monitor and shape investments in multiple asset classes, as well as make recommendations on and oversee a medium portfolio of managers or a grouping of managers. Working in a fast-paced environment, supports the team in financial modeling, trading and rebalancing the portfolios, performing economic analysis, and other projects. Ongoing responsibilities will primarily be to support and advise the investment team in researching investment views and specific assignments and mentor investment analysts and junior team members.
Job Details
Responsibilities:
- Leads idea generation, market research and analysis activities that create actionable investments in multiple complex asset classes as a part of the Investment Office generalist model.
- Builds complex financial models to adequately assess and support the underwriting of investment themes and individual managers from both a risk and return perspective.
- Leads the due diligence process, or re-underwriting process, that results in the recommendations to add, hold or remove investment managers, as well as maintain the relationship for the manager once added to the portfolio.
- Compiles market mapping, overviews and assessments of potential equity, fixed income, hedge fund, private capital and real asset managers, as well as economic and market analyses.
- Maintains complex quantitative and qualitative manager performance activity and holdings within the Clinic’s internal database.
- Takes the lead role as a skeptic on a proposed investment decision, bringing the most pertinent considerations, counterpoints and alternative actions to the investment process.
- Onboards new managers to the portfolio, including managing the legal due diligence process, bank custody and administrative documentation.
- Organizes and leads due diligence trips to investigate new themes, or review existing or potential managers.
- Collaborates with the risk management team at the inception of a new investment to develop elevated governance and oversight and agreed to boundaries and exit strategies for individual investments and/or investment themes. Evaluate risk on an ongoing basis for existing investments.
- Prepares internal monthly and quarterly manager and/or portfolio reports detailing performance, exposures, concentrations and other portfolio characteristics.
- Creates and maintains presentations summarizing changes in the securities markets across asset classes.
- Collects and prepares data related to current portfolio positioning and asset class valuations in support of monthly portfolio rebalancing discussions.
- Monitors asset class valuations and data for further research into potential new investment opportunities.
- Supports Research/Strategy Team to develop, shape and monitor investment themes.
- Prepares and presents reports for CCF executive team and other CCF stakeholders.
- Supports annual detailed analysis of portfolio changes, asset class reviews and investment decisions.
- Other duties as assigned.
Education:
- Bachelor of Arts or Bachelor of Science in Economics, Social Sciences, Mathematical Sciences, Engineering, Computer Science, Business or other related field required.
- Master’s of Business Administration or Master’s of Science in Business, Finance, Economics or Mathematical Sciences, Data Analytics or other related filed required.
- Strong record of academic achievement preferred.
Certifications:
- Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) preferred.
Complexity of Work:
- Within scope of job, requires critical thinking skills, decisive judgment and the ability to work with minimal supervision.
- Must be able to work in a stressful environment.
- Proficiency in Excel, PowerPoint, Word, Adobe Acrobat, Factset, Bloomberg.
Work Experience:
- Minimum 9 years of relevant professional experience in Investment Banking, Management Consulting, or Asset Management.
Physical Requirements:
- Ability to communicate and exchange accurate information.
- Ability to perform work in a stationary position for extended periods.
- Ability to work with physical records or operate a computer or other office equipment.
- In some locations, ability to travel throughout the hospital system.
- In some locations ability to move up to 25 lbs.
Personal Protective Equipment:
- Follows standard precautions using personal protective equipment.
The policy of Cleveland Clinic Health System and its system hospitals (Cleveland Clinic Health System) is to provide equal opportunity to all of our caregivers and applicants for employment in our tobacco free and drug free environment. All offers of employment are followed by testing for controlled substance and nicotine. All offers of employment are follwed by testing for controlled substances and nicotine. All new caregivers must clear a nicotine test within their 90-day new hire period. Candidates for employment who are impacted by Cleveland Clinic Health System's Smoking Policy will be permitted to reapply for open positions after one year.
Cleveland Clinic Health System administers an influenza prevention program. You will be required to comply with this program, which will include obtaining an influenza vaccination on an annual basis or obtaining an approved exemption.
Decisions concerning employment, transfers and promotions are made upon the basis of the best qualified candidate without regard to color, race, religion, national origin, age, sex, sexual orientation, marital status, ancestry, status as a disabled or Vietnam era veteran or any other characteristic protected by law. Information provided on this application may be shared with any Cleveland Clinic Health System facility.
Please review the Equal Employment Opportunity poster.
Cleveland Clinic Health System is pleased to be an equal employment employer: Women / Minorities / Veterans / Individuals with Disabilities
Top Skills
What We Do
Cleveland Clinic, located in Cleveland, Ohio, is a not-for-profit, multispecialty academic medical center that integrates clinical and hospital care with research and education.
Founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation, Cleveland Clinic has become one of the largest and most respected hospitals in the country.
Cleveland Clinic facilities can be found throughout Northeast Ohio, as well as around the country and world including:
Cleveland Clinic Florida
Cleveland Clinic Canada
Cleveland Clinic Abu Dhabi
Cleveland Clinic Lou Ruvo Center for Brain Health - Las Vegas
Cleveland Clinic health system includes eight regional hospitals, 16 family health centers, a children's hospital for rehabilitation and one affiliate hospital. Cleveland Clinic is accredited by The Joint Commission, the nation’s largest accreditor of healthcare organizations.
Our family health centers offer:
Outpatient care
Primary care
Numerous subspecialties
Numerous locations
All of our hospitals, family health centers, outpatient clinics and home healthcare programs are also accredited by The Joint Commission under its hospital accreditation program.
