| March 20, 2024

Investment Associate

Guest Author


  • Full Time
  • New York, NY
  • $114,000-$150,000 USD / Year

Website Helmsley Charitable Trust


The Leona M. and Harry B. Helmsley Charitable Trust (“Helmsley”) is a global philanthropy driven by a vision of building better futures for people by increasing access to healthcare, advancing new research and ideas, and improving the quality of everyday life. Helmsley strives to make a meaningful impact in its focus areas, matching its significant financial assets with a rigorous and results-oriented approach. Helmsley is committed to close and productive partnerships with its grantees, as well as with other funders and impact players in government, academia, and the private sector who share its interests and goals. Above all, Helmsley endeavors to be forward-thinking in every aspect of its work and will take risks that others cannot or will not take when the risk/reward trade-off warrants.

Since 2008, when Helmsley began its active grantmaking, it has committed more than $4 billion. For more information on Helmsley, please visit www.helmsleytrust.org.


Position Summary

Helmsley is seeking candidates for a full-time Investment Associate position for its Investments Department.

The successful candidate will join a hard-working, inclusive and diverse, extremely collaborative Investment staff responsible for investing the assets on a “manager of managers” basis. The position will support the Investment Directors and will report to the Chief Investment Officer. The Investment Associate shall play a key role in external investment manager due diligence and on-going investment manager monitoring through the performance of analyses, review of reports provided by managers, and the preparation of reports about the managers. It is also understood that a key factor in achieving the Trust’s investment objectives is through the minimization of unintended risks. The Investment Associate, in collaboration with other Staff members, shall support the Trust’s effort in this regard by collecting and preparing data and information to support the risk analysis on the overall structure of the Investment program.

The Investment Staff work with the Trust’s Investment Committee and report to the Trust’s Chief Executive Officer (CEO). It is important that they are able to adequately monitor investments. Therefore, the Investment Associate shall be involved in report preparation and analysis for the Investment Committee and the CEO.

The position will entail considerable on-the-job training.


Essential Duties and Responsibilities

Support the Investment Directors in the due diligence assessment of prospective money managers.

  • Prepare necessary and requested analyses using the Trust’s risk and investment tools and maintain proprietary models and risk and data management systems for which training will be provided.
  • Prepare cash flow analyses and investment return confirmation for private investments.
  • Undertake investment manager and market research as directed in concert with other Staff members assigned to the tasks.
  • Assist in the writing and preparation of due diligence reports.
  • Participate in new manager meetings as needed, take notes and prepare write-ups of the meetings.

Support senior officers in broader portfolio matters through a demonstrated ability to work across asset class lines as a generalist.

  • Provide analytical support and research at manager, asset class, and Total Fund levels, including gathering preparatory material for operational due diligence on managers.
  • Present research activities and key findings at internal investment team meetings and to the Investment Committee on an ad-hoc basis.
  • Assist in the monitoring of existing investment managers.
  • Review reports provided by the managers and conduct necessary analysis to ensure manager investments meet expectations, including performance against objectives and benchmarks.
  • Assess portfolio characteristics against guidelines and other documentation. Identify discrepancies and follow up with the managers as directed.
  • Review cash flows provided by managers and reconcile reported performance for private investments.
  • Compare returns reported by managers for public markets with those calculated by the performance measurement provider. Identify discrepancies and follow up as directed.
  • Review portfolio data for private equity from various sources and ensure underlying allocations for the Trust’s pro rata investments are being properly calculated for the Trust’s risk analyses.
  • Participate in existing manager meetings as time permits.

Prepare monitoring reports as directed along with other staff members for the Investment Committee, CEO, and for internal staff use.
Desired Qualifications

  • MBA degree in finance, or a Bachelor’s degree in Finance with a CFA credential. Having both an MBA and CFA is a plus, but not required.
  • Minimum of 2 years of experience at a financial services firm, which could have been prior to business school.
  • Proven record of building relationships, working as part of a team, and collaborating.
  • Willingness to work hard and learn with enthusiasm and confidence.
  • Have an appreciation of quantitative frameworks for analyzing problems to find solutions, i.e. think about and apply quantitative techniques rather than originate them.
  • Willingness to question why and be curious.
  • Ability to question and interpret data and draw practical implications.
  • Willingness and ability to bring a high-energy, focused, and dedicated effort to producing work of the highest quality in the Investments Department.
  • Demonstrated interpersonal and teamwork skills, including: flexibility, relationship building, interpersonal communications, openness to the ideas of others, ability to collaborate effectively with colleagues within and across units, and a reputation for treating all colleagues with respect.
  • Strong sense of financial stewardship and fiduciary responsibility.
  • Excellent communication skills, both oral and written.
  • Commitment to the Trust’s mission and a demonstration of fairness, voice and participation, knowledge and creativity, humility and respect, and honesty and integrity.
  • Experience with Excel, PowerPoint, and Microsoft Office.

Salary, Health, Well-being, and Living Our Mission

Helmsley is dedicated to creating stronger, healthier futures for communities in the U.S. and around the world. Our staff are subject matter experts from a range of backgrounds in basic science, global health, and precision medicine, as well as the private sector and public policy.

Helmsley colleagues are intelligent, creative, forward thinking, and strongly committed to working productively with our grantee partners. Each was drawn to Helmsley by the same opportunity: to help build this young organization into a leading global charitable institution that will drive meaningful and measurable positive change in lives throughout the U.S. and around the world for years to come.

Helmsley is committed to offering competitive and equitable compensation commensurate with experience. The targeted starting salary range for this position is $114,000-$150,000.

Comprehensive benefits currently offered to employees (subject to change) include:

  • Employer-paid medical, dental, and vision for employees and their families
  • Generous 401(k) employer contribution
  • Hybrid work schedule (up to two remote days a week)
  • 23+ paid vacation and sick days
  • 13+ paid holidays
  • End of year office closure
  • Summer Fridays
  • Tuition reimbursement
  • Personal and team professional development opportunities

To apply for this job please visit recruiting.ultipro.com.