Reporting to HFRRF’s Chief Investment Officer, the Senior Investment Analyst will contribute to and assist the CIO in the management and oversight of HFRRF’s private and public market portfolio. The SIA is expected to work independently, self-driven, take initiative and help CIO in evaluating new strategies and their impact in portfolio construction. HFRRF is adding private credit, private investments in emerging Asia and co-investment program. Private assets also include real estate. The SIA is expected to participate and make major contribution in developing all these new initiatives. Majority of the responsibilities are towards private markets, though responsibilities require expertise in public market asset classes as well. Some overseas and domestic travel is required.
The Senior Investment Analyst must have a strong work ethic, attention to detail, keen quantitative and analytic skills, excellent working knowledge of Microsoft office and ability to learn new analytic software. the ability to work independently and within a team, and excellent communication skills. The successful candidate must be self-motivated and foster an interest in investing.
Core Responsibilities for Private Markets (60%)
Participate and substantially contribute in portfolio construction for private assets, including private credit, infrastructure, co-investments, global primary and secondary private equity, global real estate.
Substantial interaction with Private Market managers, including Private market advisors
Manage and characterize incoming investment solicitations incorporating opportunities into broader selection sets
Monitor private market managers, analyze reports and performance, statements and activities via verbal and written reports and presentations, prepare qualitative and quantitative reports, memoranda, and spreadsheets
Deep dive in performance, understand and communicate drivers of returns, analyze risk profile of strategy. Strong analytical skills in monitoring outcome of various private market strategies
Assist with the continued development and integration of tools and processes to allow for early-stage assessment of opportunities. Understand interaction of public and private markets
Assist CIO and others in their analysis, review, and recommendations which may include review of complex document sets, development of models, analysis of industry trends and issues, drafting approval memorandums and participating in due diligence meetings
As needed, attend manager meetings and professional/industry conferences
Perform other duties or special projects as assigned
Core Responsibilities for Public Markets (25%)
Exhibit good working knowledge of public market liquid assets i.e fixed income, global public equities, hedge funds etc.
Adequate command on macro-economic factors to assist the CIO in asset allocation decisions.
Support senior staff and others in their analysis, review, and recommendations which may include developing models, analyzing industry trends and issues, drafting approval memorandums and participating in due diligence meetings
Assist in the monitoring of existing managers
Participate in manager search and selection processes
Occasionally attend manager meetings and professional/industry conferences
Responsible for overseeing the onboarding/operational due diligence and process of new investment accounts
Conduct standalone due diligence meetings for current and potential investment mandates
Create and present recommendations and other reports to HFRRF Investment Committee
General Core Responsibilities (15%)
Perform other duties or special projects as assigned
Oversee the cash balance and forecast process
Facilitate operations pertaining to the re-balancing of the Public Markets’ portfolio
Participate in preparing material for the Investment Committee
Participate in legal negotiations for potential investments
Track public market investment and redemptions for compliance and re-allocation purposes
Prepare materials for quarterly board meetings
Create reports from the custodian platform
High Level of confidentiality, organized, human relation skills, strong written and verbal communication skills, collaborative, inspire trust, objective, advanced technical skills.
Job Description Competencies:
Critical thinker, analytical, strong mathematical/statistical abilities strong reading comprehension, team player, motivated, efficient task execution, articulate, and intellectual.
A four-year degree from an accredited college or university is required (finance or accounting major preferred)
Substantial progress towards CFA and CAIA is highly preferred
5 years of professional experience in private markets including real estate with demonstrable experience in using benchmarks, performance analytics (Burgiss or similar), experience in interacting with private market consultant
2 or more years of professional experience in public markets
Demonstrated experience in doing full life cycle investment decision process, including first meeting, active due diligence, legal negotiations and monitoring for all aspects of private assets
Demonstrated quantitative and analytic skills. Demonstrable experience in using analytics software, and reporting
Ability to perform and prioritize multiple tasks simultaneously with excellent attention to detail
Strong work ethic and willingness to work until the task is completed successfully
Ability to work in a small team environment
Excellent written and oral communication skills
Excellent working knowledge of Microsoft office, including excel modeling
Self-starter with strong organization and prioritization skills
High moral character
Preferred experience with BNY Mellon’s Workbench, Informa’s Zephyr, Bloomberg, and Burgiss’ Privatei
Additional Salary Information: Benefits include:
• Competitive Salary
• Medical, Dental, Vision
• Life Insurance, Short Term, Long Term and Long Term Care
• 9/80 Schedule
• Vacation, Sick Time & Holidays
• Deferred Comp & Pension Plans
About Houston Firefighters Relief and Retirement Fund
Located in north Houston, the Houston Firefighters’ Relief and Retirement Fund (HFRRF) is a $4.3 billion public pension fund responsible for the administration of defined retirement benefits for over 6,000 active and retired Houston firefighters. Currently, the Fund has thirty-two employees and is governed by a ten-member Board of Trustees.
The HFRRF investment portfolio is broadly diversified across various asset classes with assets managed externally. The CIO reports directly to the HFRRF Investment Committee, a committee of the whole Board of Trustees.