Employment Opportunities

Senior Investment Position - Real Estate and Resources

Carnegie Corporation of New York is a major private foundation, established in 1911 by Andrew Carnegie “to promote the advancement and diffusion of knowledge.” With assets of approximately $2.9 billion, the portfolio is invested in a wide range of asset classes and strategies, with a significant commitment to alternative investments, including real estate and resources.

The individual will be responsible for the Corporation’s real estate and resources program, primarily located in the U.S., including private and public real estate investments. In addition they will coordinate with the Director of Private Equity on asset-based private equity strategies. Real Estate and Resources represents approximately 11.5% of total assets. This allocation is likely to rise over time.

The overall portfolio has a significant allocation to alternative investments, including private equity, private real estate and absolute return, and also to emerging markets. The portfolio is managed by a small team of investment professionals who work collaboratively. While each individual has responsibility for specific asset classes, the investment staff often works in teams on projects and investments that cut across multiple asset classes. The individual will report to the Vice President and Chief Investment Officer but will work closely with the entire investment and finance staff at the Corporation.

Major responsibilities will include:

• Oversight of the real estate and resources portfolio. The individual will monitor existing managers and identify and evaluate new potential managers, using both quantitative and qualitative analysis.
• Staying abreast of capital markets conditions to pro-actively identify investment opportunities.
• Establishing and maintaining relationships with colleagues within the institutional investment community and among the investment manager community.
• Serving as a public representative of the Corporation.
• Performing broad portfolio analysis and research.
• Writing and presenting investment recommendations to the Corporation’s investment committee.
• Conducting special projects as needed.

Qualifications:

• A strong academic record.
• Excellent analytical, writing and presentation skills.
• A fundamental passion for the investment process and an intellectual interest in the financial markets.
• General knowledge of financial principles, modern portfolio theory, asset allocation and portfolio strategies in traditional and alternative asset classes.
• A strong commitment to the Corporation’s mission.
• A collaborative work style and a willingness to perform a wide range of tasks.
• Ability to travel within the U.S. and internationally.
• MBA or CFA and several years of related work experience; and,
• Ability to work independently as well as collaboratively.

The specific title of the position and the compensation package are flexible and will depend upon the individual’s qualifications and experience.

Candidates should submit a cover letter describing their specific interest in the position and a resume. References will be checked. Send or email information to:

hr@carnegie.org or
Human Resources Offices
Carnegie Corporation of New York
437 Madison Avenue
New York, NY 10022