The Portfolio Manager is a senior investment management professional that oversees and directs the investment management philosophy and process of GuideStone Capital Management (“GSCM”) related to the management of GuideStone Funds (comprised of 15 Select Funds, four target risk funds and five target date funds) and other public market strategies. This position will also be involved, at times, with the management of GuideStone’s Directed Asset Accounts and the investment activities of clients/prospects of GuideStone Investment Services (“GSIS”). Other responsibilities include efforts related to extensive research, investment manager evaluation/selection, portfolio construction, risk budgeting and asset allocation. Strong leadership skills are needed in order to lead and manage a strong team of senior investment analysts and portfolio managers. This position must be able to represent GSCM in a professional manner, including business presentations. Person must be willing to work in a team environment and portfolio management culture that is results oriented.
Reporting Relationship: •Reports directly to the Chief Investment Officer (“CIO”). •Has direct reports, including investment analysts and portfolio managers. •Must be a team player, working closely with the investment team and other areas of GSCM, including compliance, fund administration/operations, client service and sales.
The essential duties and responsibilities are: GSCM, in general, utilizes a multi-manager approach in the management of the Select Funds. The Select Funds are used as the “building blocks” for the target risk funds (the “Asset Allocation Funds”) and target date funds (the “MyDestination Funds”).
Research and Portfolio Construction: • Research, evaluate and make recommendations regarding a Select Fund’s structure. Ensure each Select Fund is optimally structured relative to its respective risk/return target. • Conduct extensive due diligence, both qualitative and quantitative, related to investment manager identification, evaluation and selection across most major asset classes. Perform thorough on-site due diligence meetings. • Utilizing optimization techniques, determine the appropriate number of investment managers within a Select Fund and the optimal allocation of funds among them. Establish risk/return metrics for each investment manager. • Based on knowledge of investment managers’ portfolios, strategies and guidelines, identify primary factors behind their performance. Additionally, recognize when and why investment managers’ portfolios perform differently than expected based on current market/economic conditions and investment managers’ disciplines. If assessment determines certain deficiencies in the Select Fund’s and/or sub-advisor’s structure or strategies currently employed, make proactive recommendations regarding the steps necessary to improve the Select Funds likelihood of meeting the stated objectives. • Use knowledge of investment vehicles to evaluate the appropriateness of new or unique securities proposed by sub-advisors for use in their portfolios. If determined appropriate, make recommendations and adapt the guidelines and regulatory documents. • Lead in the development and implementation of new funds and expansions/deletions to the investment platform. • Effectively lead and develop the team of investment analysts to ensure the consistent implementation of the investment philosophy and process. • Assist in the implementation of the Socially Responsible Investment (“SRI”) process. • Contribute meaningfully to research, white papers, etc.
Asset Allocation: • Oversee and make recommendations on asset allocation policies, including efforts related to the target risk funds and the glide-path for the target date funds. • Contribute to asset allocation efforts related certain client portfolios. • Oversee rebalancing policies.
Client Service: • Participate in client and new business meetings as needed. • Determine client’s investment objectives for those accounts of primary assignment.
General: • Demonstrate proficiency in writing and oral communication skills, including writing client and web site content as well as video and media presentations, as needed. • Develop advanced skills in the use of quantitative analysis tools for decision-making support. • Oversee and manage the research applications utilized by GSCM.
Bachelor’s Degree or equivalent work experience Master’s Degree, preferred Chartered Financial Analyst (CFA), preferred 20% or less of time involved in travel Solid PC skills including extensive spreadsheet capabilities Experience with portfolio management applications preferred 10 plus years of work in the investment industry, preferred in a multi-manager environment Very advanced analytical skills Ability to effectively communicate both orally and in writing Expert understanding of investment vehicles, strategies and terminology Expert understanding of investment philosophies and processes Management and organization skills Personnel management
About GuideStone Financial Resources
GuideStone is a values focused financial services organization that serves more than 200,000 participants nationwide in the faith-based marketplace. We are the largest Christian-screened mutual funds family in the nation, with over $13 billion in assets under management. GuideStone is an innovative organization that invests in the spiritual, relational, financial, physical, and professional development of its employees.