Senior Investment Operations Analyst

Primary Work Address: 4000 Jones Bridge Road, Chevy Chase, MD, 20815

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The Howard Hughes Medical Institute (HHMI) advances the discovery and sharing of scientific knowledge to benefit us all. As a biomedical research organization and philanthropy, HHMI supports a vibrant community of academic researchers, educators, students, and professionals. Our Headquarters is in the greater Washington, DC metro area and is home to over 300 employees. HHMI’s Investment team manages an endowment with net assets of approximately $26 billion, and invests globally through long-term partnerships with world-class external investment managers.  HHMI’s endowment comprises a diverse portfolio, including investments in public equity funds, growth equity and buyout funds, venture capital funds, hedge funds, real assets and direct co-investments.

Summary:
HHMI is seeking a Senior Investment Operations Analyst for its Fund Services team, joining the group of investment professionals that invest and manage HHMI’s $26 billion endowment fund. The person in this role drives the investment fund’s operational services and ensures the integrity of the transactional and financial data. This role will focus on implementing core business functions for the endowment fund related to the following general areas of responsibility: Account Management; Transaction Support and Cash Management; Accounting and Valuation; Performance and Analytics; and Management Reporting. The person may also participate in legal, audit, tax, risk, and due diligence activities and will assist in the documentation of existing business processes and the development, documentation, and implementation of new/enhanced best in class business processes and technology.

The person in this role will report to the Director, Investment Fund Services and will work in-person a minimum of 3 days a week at HHMI’s impressive headquarters in Chevy Chase, MD.

What we provide:

• The opportunity to support an investment team that handles one of the largest endowments in the world.   

• A role that is uniquely positioned to have an impact across the scientific landscape because of its ability to provide outstanding solutions and support that enable our people and advance our scientific mission.  

• Exceptional performers will have the chance to build their career with HHMI.  

• A competitive compensation package that includes a 10% employer contribution to your retirement, up to $10,000 in educational reimbursement each year, and a significant budget for professional development.  

What you’ll do:

Account Management

• Connect with third-party service providers and investment managers about the opening, maintenance, and closing of accounts.

• Coordinate with investment managers, fund administrators, and third-party service providers for investment transparency and valuation reporting.

• Document operational activity in the internal CRM system and maintain investment records.

• Maintain terms and conditions to satisfy investment reporting objectives.

• Reconcile service provider invoices before payment.

Transaction Support & Cash Management

• Provide operational support for cash flow activity such as capital calls, distributions, fee payments, subscriptions, redemptions, and internal trading activity including posting transaction activity to internal systems, providing transaction instructions to custodians/service providers, and ensuring instructions are processed and retained according to internal policies and procedures.

• Maintain cash forecasting, research and resolve transaction settlement issues, and monitor ISDA or other collateral arrangements.

• Reconcile custody positions and cash balances for the internal portfolios on a daily and monthly basis to ensure the internal and external records are in sync.

• Monitor ongoing developments in the investment community impacting operational aspects of transaction processing.

Accounting & Valuation

• Coordinate the accurate closing of the official custodian/administrator and internal shadow accounting records monthly for the endowment fund, including the accurate closing of the internally managed portfolios, in accordance with the HHMI Valuation Policy. Ensure all necessary information