Job description

About UTAM

University of Toronto Asset Management (“UTAM”) is the investment manager of the University of Toronto’s endowment and short-term working capital assets. We are a high-performing and collaborative organization committed to bringing value to the university. We invest globally across a variety of asset classes, applying a clear set of responsible investing principles. Please refer to https://utam.utoronto.ca/ for more information about UTAM.

Position Summary

This position is on the Investment team, which comprises Public Equities, Fixed Income and Private Markets. The Associate reports to the two Public Equities Associate Portfolio Managers, provides analytical support to the Public Equities team, and helps identify, evaluate, and manage beta-one public equities and absolute return hedge fund investment opportunities globally through internal research and engagement with external investment managers. While focused on public equities and absolute return strategies, the Associate also participates in regular internal Investment team meetings and, therefore, gains exposure to all asset classes and strategies in which UTAM invests. 

This opportunity is ideal for someone who is analytical and detailed, possesses superior communication skills, and is comfortable producing written material and delivering verbal communications.

This is a great opportunity to join a collaborative and high-performing team of investment professionals within a flat organization and directly contribute to UTAM’s public equities and absolute return investment activities.

Responsibilities

The responsibilities associated with this position include the following:

• Prepare data files and run holdings-based and returns-based analytics for existing and potential investment managers using various analytical tools.
• Prepare investment analytics for standard and ad-hoc reporting packages.
• Proactively strive to improve the efficiency of analytics and reporting by leveraging technology and coding; research and implement new analytics and develop reports as necessary.
• Help manage the pipeline of public equities and absolute return investment opportunities, schedule and attend meetings/calls with existing and potential investment managers, prepare detailed meeting/call notes, and update and maintain our research management system.
• Support and implement various aspects of the investment process, including conducting analysis and due diligence on potential investment managers; contributing to developing, writing, and presenting investment recommendation memos; and assisting in the transaction closing process.
• Participate in developing and continuing integration of environmental, social, and governance (ESG) considerations into our investment process.
• Participate in the portfolio management and monitoring of public equities and absolute return investment portfolios, including portfolio-level analysis, investment manager monitoring, and performance reviews at the portfolio and manager levels.
• Conduct industry research on public equities and absolute return strategies.
• Undertake domestic and international travel as required.
• Undertake other duties and ad-hoc projects as required.

Job requirements

Requirements and Experience

• A minimum of a Bachelor’s degree, with a strong academic record, is required.
• Three or more years of investment management or related work experience, ideally with practical experience in manager selection and research (preferably in public equities and absolute return strategies) within an institutional investor context.
• Progress towards, or completion of, the CFA or CAIA designation is considered an asset.
• Proficiency in MS Office, particularly Excel, Word, and PowerPoint.
• Experience with FactSet, Bloomberg, and other analytical platforms is considered an asset.

Personal Characteristics

• Unquestionable ethics and integrity.
• Sound judgment, intellectual curiosity, and proven ability to concurrently manage multiple initiatives/projects.
• Well-developed qualitative and quantitative analytical skills.
• Organized, flexible, and personable, with high accuracy and strong attention to detail.
• Strong written and verbal communication skills, including effective interpersonal skills.
• A proven team player who excels within a collegial and small-team environment. 

Forward resume to

Submit your resume and a cover letter explaining how your qualifications and experience make you a suitable candidate for this position to [email protected]. Include “Your Name – Associate, Public Equities” in the subject line. UTAM thanks all applicants but will only respond to candidates selected for an interview.

Compensation

A competitive total compensation package, including a defined-benefit pension plan and financial and paid leave support in completing CFA and CAIA designations, is offered.

Diversity Statement

UTAM is firmly committed to diversity and especially welcomes applications from racialized persons/persons of colour, women, Indigenous / Aboriginal People of North America, persons with disabilities, LGBTQ2S+ persons, and others who may contribute to the further diversification of ideas. Our values regarding equity and diversity are linked with our unwavering commitment to excellence in pursuing our mission.

Accessibility Statement

UTAM is committed to the principles of the Accessibility for Ontarians with Disabilities Act (AODA). As such, we strive to make our recruitment, assessment, and selection processes as accessible as possible and provide accommodations as required for applicants with disabilities.  If you require any accommodations at any point during the application and hiring process, please contact [email protected].