| Company Overview:|
At Memorial Sloan Kettering (MSK), we’re not only changing the way we treat cancer, but also the way the world thinks about it. By working together and pushing forward with innovation and discovery, we’re driving excellence and improving outcomes.
For the 27th year, MSK has been named a top hospital for cancer by U.S. News & World Report. We are proud to be on Becker’s Healthcare list as one of the 150 Great Places to Work in Healthcare in 2016, as well as Glassdoor’s annual Employees’ Choice Awards 2017. We’re treating cancer, one patient at a time. Join us and make a difference every day.
Our investment team supports the mission of patient care and scientific research, overseeing a multi-billion dollar portfolio of long-term investment assets. These assets are invested in a sophisticated mix of diversified strategies on a global basis and are overseen by the Investment Committee of the Board.
The Investment Operations Specialist will be an integral part of the investments team and support the head of Investment Operations. You will work collaboratively with other members of the Investment Operations Team by providing a focus and expertise in investment portfolio accounting, audit, and tax reporting functions. In addition to the Investment Management Division, you will interact internally, primarily with the Finance Division, and externally with the organization’s custodians, auditors, tax consultants, and third party investment managers.
The primary responsibilities will be to lead in the day-to-day oversight of valuation and transaction reporting for the multi-asset class and international portfolio, as well as maintain and provide investment-related materials for financial audits and tax reporting. The ideal candidate will also possess and demonstrate the ability to enhance existing investment reporting processes and controls, as well as to participate in operational risk assessments of investment managers.
Liaise with and provide clear, effective communication to the Investment Management Division, Finance Division, the organization’s custodians, third party investment managers, and fund administrators, to incorporate performance and valuation updates for the month end closing cycle
Work with Investment Reporting and Operations personnel to conduct valuation reconciliations for public and private investments; resolve discrepancies in reporting between custodians, third party managers, and internal records/systems
Establish controls and direct custodian as needed to ensure accurate reporting of transactions (including redemptions and subscriptions, capital calls, distributions)
Review and ensure accuracy of additional reporting specific to private partnership investments including commitments and unfunded amounts
Keep management informed of progress/problems and any significant factors or variances impacting month end reporting
Contribute to and enhance investment reporting, including the custodian’s monthly performance report, internal team reports, and reports to the Investment Committee of the Board
Review and ensure that all pertinent back-up calculations/approvals are appropriately documented and available for audits
Direct the annual audit by preparing investment-related materials and excel schedules, as well as responding to external auditors or internal requests/inquiries
Review and summarize key metrics from annual audited financial statements provided by third party investment managers; identify financial/operational areas of risk and follow-up
Collaborate with the Finance Division on tax reporting requirements and provide information to external tax consultants on foreign domiciled investments, transactions, and ownership interests for the organization’s foreign filings (form 926, 5471, etc.)
Ensure that internal financial controls and valuation processes meet accounting standards, audit requirements, and industry best practices
Document departmental procedures and backup other critical investment operations functions
Recommend and implement new controls and processes to improve the overall operational efficiency of the Investment Management Division
Be entrusted with confidential information and at all times must act with discretion and integrity.
Bachelor’s degree required, preferably in Accounting or Finance
Minimum five years of investment and/or accounting work experience
Working knowledge of accounting and operational issues associated with multi-asset class portfolios, including hedge funds and private partnerships (private equity, venture capital, etc.)
Career experience at a fund administrator, audit/accounting firm, or in a similar role is preferred
CPA or CFA preferred
High level of proficiency with MS Office, particularly Excel, as well as Research Management and Performance Reporting Systems in use by Investment Offices
Creative ability to pursue improvement in the policies, processes, and systems currently in use
Able to manage multiple tasks simultaneously and meet deadlines across a broad range of time frames
A critical thinker with a high degree of intellectual curiosity
Someone with a personal code of conduct that emphasizes accountability and approaching challenges with enthusiasm as well as initiative
Collegial and thrive in an entrepreneurial, team-oriented environment
Capable at working independently and under pressure
- Other Duties:
This job description may evolve given your ability and interest to contribute, as well as organizational needs.
Compensation will be commensurate with experience, the importance of this position and your impact on enabling the organization to achieve long-term success.
*Please upload your cover letter and resume as one PDF.
MSK is an equal opportunity and affirmative action employer committed to diversity and inclusion in all aspects of recruiting and employment. All qualified individuals are encouraged to apply and will receive consideration without regard to race, color, gender, gender identity or expression, sexual orientation, national origin, age, religion, creed, disability, veteran status or any other factor which cannot lawfully be used as a basis for an employment decision.
Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.