At Cleveland Clinic Health System, we believe in a better future for healthcare. And each of us is responsible for honoring our commitment to excellence, pushing the boundaries and transforming the patient experience, every day.

                        

We all have the power to help, heal and change lives — beginning with our own. That’s the power of the Cleveland Clinic Health System team, and The Power of Every One.

                                    

Job TitleExecutive Director Public Equities

                        

LocationBeachwood

                    

FacilityCC Administrative Campus

                     

DepartmentInvestment Office-Finance

                      

Job CodeT97643

                     

ShiftDays

                       

Schedule8:00am-5:00pm

                       

Job Summary

                         

Job Details

Join the Cleveland Clinic team where you will work alongside passionate team members and make a lasting, meaningful impact on patient care. Here, you will receive endless support and appreciation while building a rewarding career with one of the most respected healthcare organizations in the world.      

 

As Executive Director of Public Equities, you will manage the capital invested in public equity-oriented funds and strategies across multiple Cleveland Clinic portfolios for superior investment returns. Other essential responsibilities in this role include assisting the VPCIO in tactical investment decisions, functioning as a CC internal advisor, reviewing individual and target date fund performances, researching new funding options and advising the Investment Working Group and/or Retirement Committee on implementing recommended adjustments. You will lead with diligence, focusing on motivating fellow team members, leadership entities and other Cleveland Clinic staff. While you may not interact with patients directly, your efforts to enhance their experience via effective financial and assets management can make a lasting difference in their lives and the community you serve every day. 

 

A caregiver in this position works a hybrid schedule from 8:00AM — 5:00PM, with occasional domestic/international travel requirements. 

 

A caregiver who excels in this role will:  

Monitor the performance, risk profile, portfolio positions, current events and organizational changes of CCIO's existing public equity managers.  

Complete analytical reviews to evaluate the relative performance of each sub portfolio and/or investment theme, presenting the conclusions to CCIO staff and other stakeholders. 

Manage the underwriting or re-underwriting of individual fund managers on a regular basis. 

Prepare and present portfolio level analysis and dashboards. 

Make recommendations regarding new investment opportunities and manager terminations to CCIO staff, Cleveland Clinic leadership and the Investment Committee. 

Structure and negotiate the terms of CCIO's investments in consultation with the VPCIO. 

Work with the Managing Director of Risk, Operations and Performance on operational due diligence evaluations and utilizing CCIO’s risk management system to evaluate prospective investments.  

Work with Cleveland Clinic’s internal/external legal counsel to evaluate legal contracts. 

Monitor the evolution of public equity investment universe and maintains a network with the outside investment community to expand CCIO knowledge regarding emerging investment opportunities and top performing investment managers and strategies that could be included in Cleveland Clinic’s portfolios. 

Make recommendations on portfolio rebalancing decisions for the public equity portfolio and work with CCIO staff on rebalancing initiatives for other asset classes in the portfolio. 

Compose and deliver well-organized and effective verbal/written presentations to key internal stakeholders, including Cleveland Clinic’s Board Committees. 

Manage expenses to meet annual budget and business and strategic goals. 

 

Minimum qualifications for the ideal future caregiver include:  

Master’s Degree in a related area such as Business Administration, Accounting, Economics, Mathematics, Physics, Computer Engineering or a similar quantitatively oriented discipline 

15 years of professional experience in making direct investment or evaluating third-party investment partnerships for a university endowment, foundation, healthcare institution or family office 

 

Preferred qualifications for the ideal future caregiver include:  

Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) 

Experience in both domestic and international investment markets 

Strong technological and analytical skills 

Microsoft Excel, Bloomberg, Nasdaq’s eVestment, and Blackrock’s Aladdin. Knowledge of Dynamo, Optica (Cambridge Associates), Burgiss Private I, and BNYMellon’s ICO proficiency  

Understanding of investments, endowment and pension fund performance reporting and core concepts in risk management 

Exceptional organizational, people management and project management skills 

Demonstrated record of excellence, integrity and professionalism 

Can handle confidential information with discretion 

 

Our caregivers continue to create the best outcomes for our patients across each of our facilities. Click the link and see how we’re dedicated to providing what matters most to you: https://jobs.clevelandclinic.org/benefits-2/  

Physical Requirements:

Ability to communicate and exchange accurate information. 

Ability to perform work in a stationary position for extended periods.  

Ability to work with physical records or operate a computer or other office equipment.  

In some locations, ability to travel throughout the hospital system.  

In some locations, ability to travel domestically and internationally.

In some locations ability to move up to 25 lbs.

Personal Protective Equipment:

Follows Standard Precautions using personal protective equipment as required for procedures.

                       

The policy of Cleveland Clinic Health System and its system hospitals (Cleveland Clinic Health System) is to provide equal opportunity to all of our caregivers and applicants for employment in our tobacco free and drug free environment. All offers of employment are followed by testing for controlled substance and nicotine. All offers of employment are follwed by testing for controlled substances and nicotine. All new caregivers must clear a nicotine test within their 90-day new hire period. Candidates for employment who are impacted by Cleveland Clinic Health System's Smoking Policy will be permitted to reapply for open positions after one year.

Cleveland Clinic Health System administers an influenza prevention program. You will be required to comply with this program, which will include obtaining an influenza vaccination on an annual basis or obtaining an approved exemption.

Decisions concerning employment, transfers and promotions are made upon the basis of the best qualified candidate without regard to color, race, religion, national origin, age, sex, sexual orientation, marital status, ancestry, status as a disabled or Vietnam era veteran or any other characteristic protected by law. Information provided on this application may be shared with any Cleveland Clinic Health System facility. 

Please review the Equal Employment Opportunity poster. 

                  

Cleveland Clinic Health System is pleased to be an equal employment employer: Women / Minorities / Veterans / Individuals with Disabilities