Senior Investment Officer

Position Summary:

The Senior Investment Officer is responsible for administration, reporting, and monitoring of the Foundation’s investments. This position plays an important role in the Finance department by overseeing SBF’s invested charitable assets ($408 million as of 12/31/2021). The Officer provides direction to promote prudent investment practices that advance the Foundation’s objectives. This position collaborates with internal and external stakeholders to ensure product and service innovation consistent with the Foundation’s vision, mission, and governing policies. This position oversees investment related work of the Accounting and Investment Analyst.

Specific Responsibilities:

• Core areas of responsibility include administration of all investment pools and associated investment relationships, coordination of all external investment-related service providers, administration of separately managed account donor fund portfolios, management of the nonprofit investment services program (agency funds), investment communications, stock trading, and assist with the administration and portfolio management of split-interest gifts.
• Coordinate with investment consultant team and institutional custodial team. Monitor outside investment portfolio managers.
• Support investment governance in partnership with board of trustees, investment committee chair, and investment consultant team. As a key staff member supporting the Investment Committee, and in conjunction with investment consultant, prepare materials, documents, and guidelines for committee members.
• Direct cash flow management actions needed to support donor funds, investment rebalance/changes, capital calls and distributions work, and SBF operational needs. Design and supervise key accounting tasks related to tracking and recording investment activity. Manage all fund level accounting work related to invested fund holders on a routine daily/monthly basis.
• Oversee administration of private markets investments including subscription documents and capital calls.
• Assist with investment of cash balances.
• Execute and manage the nonprofit investment program (agency funds) as staff lead. Develop investment options, service client needs, create media materials, create fund application forms, and build new nonprofit client relationships.
• Oversee investment related work of the Accounting and Investment Analyst. (The Accounting and Investment Analyst is directly supervised by the Director of Accounting.)

• Assist in the preparation of audit related deliverables for investments and complex split gifts, including Level 3 assets and related footnotes.
• Serve as a spokesperson in areas of expertise, including investment management and charitable gifts. Participate as a key member of donor and community facing team to present and explain SBF’s various investment programs, including investment portfolios, individual investment opportunities, nonprofit investment program, split gift opportunities, stock trading and donor fund creation.
• Lead administration and management of separately managed account funds and portfolios. Qualify investment advisors, establish accounts, and approve separate investment policy statements (via investment committee approval or subcommittee) for donor accounts that are separately managed from our four investment pools. Complete ongoing monitoring of each portfolio, including accounting review on a quarterly basis. Ensure manager due diligence and adherence to SBF’s goals and policies.
• Assist with administration, monitoring, due diligence, and sourcing for the Impact Investing program.
• Stay abreast of investment practices, strategies, and best practices through communication with peers, news, attendance at conferences and professional networks.
• Other duties as assigned.

Essential Requirements:

• Experience in financial services, administering institutional investments and providing client service.
• Knowledge of endowment portfolio management, including private market funds.
• Ability to learn financial software and other computer programs utilized by SBF.
• Understanding of UPMIFA, administration of foundations, fund administration and donor advised funds.
• Excellent verbal and written communication skills with ability to communicate investment and financial matters to diverse audiences from donors and Board members to nonprofit and community groups.
• Strong organizational and time management skills with the ability to prioritize and be flexible, as needed.
• Demonstrated team player with proven ability to build collaborative relationships with key stakeholders.
• Self-motivated with the ability to manage the Foundation’s investment workflow.
• Familiarity with MS Office, especially Outlook.
• Deep personal integrity and strong work ethic.
• Five or more years of related experience.
• Bachelor’s degree, in finance, accounting, or related field, preferred.

Preferred Requirements:

• Experience supporting an investment committee.
• Experience working with an investment consulting firm.
• Nonprofit accounting knowledge.
• Experience supervising staff.
• Experience working with Financial Edge (FE) or similar program.
• Understanding of charitable trusts and gift annuity regulations.

Work Environment:

• General office environment, open office space or shared office space.
• Dogs (pets) intermittently on the premises, weekly.
• Telecommuting – must have reliable place to work at home, working and stable internet connection, modem and router.
• Significant telephone and computer work (repetitive movement – typing).
• Some driving travel within the county and occasional travel outside of the county (via car or plane).
• Frequent sitting, standing, walking, climbing stairs, bending and occasional lifting/pushing of light to heavy loads (10lbs. to more than 50 lbs.) Significant telephone and computer work (repetitive movement – typing)

At SBF, we value wellness and offer a very generous benefits package, including: up to 15 days of PTO in the first year of employment, 14 holidays, sick time, 401K with 4% matching in the first year and an additional 6% of profit sharing after one-year anniversary, fully paid medical and ancillary benefits and more!

This exempt role is compensated at $85-95K annually.

All applicants are required to submit an employment application, a resume and cover letter to hr@sbfoundation.org.

https://www.sbfoundation.org/wp-content/uploads/2019/09/Santa-Barbara-Foundation-Employement-Application.pdf

Employment application can be downloaded from: https://www.sbfoundation.org/wp-content/uploads/2019/09/Santa-Barbara-Foundation-Employement-Application.pdf