Director of Investments

at Bowdoin College in Brunswick, Maine, United States

Job Description

Director of Investments

Founded in 1794, Bowdoin College is a highly selective liberal arts college with approximately 1,800 students. Bowdoin is set in the coastal New England town of Brunswick, Maine, a town of 22,000 residents. The College’s historic 215-acre campus, is 35 miles from Portland and about 120 miles from Boston. With a commitment to the common good, as outlined in the Offer of the College, Bowdoin through its need-blind admissions policy, meets the need of 100% of students’ demonstrated financial need with no loans. Bowdoin is a dynamic and diverse living and learning community with more than 30% of students who identify as students of color and where more than 45% of students receive financial aid. Clayton Rose is the 15th President of the College and has served in this role since July 2015.

The main investment office is based in New York City, with an Operations Team located in Maine. The successful candidate will work out of the New York City location and will on occasion travel to Maine.

Reporting to the Senior Vice President and Chief Investment Officer, the Director of Investments will collaborate on investment manager identification, selection and oversight of the entire portfolio. The portfolio is invested globally across a range of strategies, including long-only, absolute return, venture capital, private equity, and real assets. Although the team is structured around the generalist model, the Director of Investments will likely spend somewhat more time on public markets strategies versus the non-marketables area.

Lead the due diligence of investment opportunities, including conducting market and manager research, preparing analyses and investment memoranda, and presenting recommendations, market overviews and portfolio/performance details to the Investment Committee.

Maintain relationships with managers and potential managers, conducting periodic portfolio reviews to ensure performance is consistent with expectations.

Communicate performance to other members of the Investment Team and to the Investment Committee.

Provide support to the Chief Investment Officer to maximize the overall investment return of its endowment and fulfill its fiduciary obligations.

Participate as a senior member of the Investment Team and take a leadership role in a broad range of activities, including interacting with the Investment Committee as well as mentoring junior staff and interns.

Work collaboratively with the Operations Team on legal, reporting, and administrative matters.

Provide innovative recommendations to the team and make a clear commitment to this non-profit educational and research institution.

Outstanding academic credentials including a Bachelor’s degree and MBA . Additionally, a CFA designation is preferred.

A loyal, positive and consultative personal style that fits well and is additive to a collaborative, team-oriented organization, along with the highest level of integrity, intellectual capability and curiosity.

Demonstrable personal interest and commitment to the mission of Bowdoin College.

Ability to portray Bowdoin College as a desired investor to top-tier investment managers.

The successful candidate will have a minimum of ten years investment management experience. Although the investment office is an allocator, direct public equity markets investment experience is strongly preferred given the unique benefits this viewpoint potentially brings to the team. Such a candidate must be eager to redeploy the skills and perspective learned as a direct investor to an allocator role which may require a longer-term outlook and less transaction activity.

Additional qualifications include:

• Track record of achieving superior investment performance on a risk-adjusted basis versus peers.

As scheduled with supervisor between the hours of 8:30 am – 6:30 pm. This is an exempt position requiring the time commitment necessary to satisfactorily complete all of the job requirements.

Bowdoin embraces diversity in all forms, and the College is home to talented students, faculty and staff-with a variety of racial, ethnic, cultural, and socioeconomic backgrounds; religious beliefs; and gender identities, among other factors.

We encourage applications from candidates committed to the support of an inclusive campus community and those who will enrich and contribute to the College’s multifaceted diversity. We value a community in which individuals of all backgrounds are warmly welcomed and encouraged to succeed.

Founded in 1794, Bowdoin has maintained its commitment to the liberal arts for well over 200 years. Bowdoin’s reputation as a preeminent liberal arts college rests on the excellence of its faculty, students, and staff; intimate size; strong sense of community; and connections to the people, history, and natural beauty of Maine.

Bowdoin’s campus is situated in a beautiful natural setting. Located in Brunswick, Maine, a town of approximately 20,000, the College is a short drive from the Maine coast, twenty-five miles from Portland and 120 miles from Boston.