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Employment Opportunities

Vice President, Investments

REPORTS TO: Chief Financial Officer

The Vice President, Investments is responsible for oversight of the Foundations’ (Community Foundation for a greater Richmond and affiliated foundations) investment portfolios, cash management, finance/treasury analysis, and special projects as assigned.  This position will work collaboratively with the Foundation’s Chief Financial Officer, Finance, Philanthropic Services and Marketing teams, as well as work directly with the Foundations’ investment partners and affiliated entities.

RESPONSIBILITIES:

Investments

  • Lead the day-to-day oversight of investment accounts to ensure proper stewardship and strategic long-term growth of the Foundations’ assets

  • Support CFO in implementation of finance and investment components of key strategic initiatives of the Foundation, including the promotion of inclusive practices within these areas

  • Regularly conduct analysis of investments, recommend strategic changes and execute approved changes to the Foundation’s portfolio including analyzing, researching, monitoring and reporting on performance of investments, reviewing and rebalancing funds, reporting investment financial information, coordinating activities related to new investment relationships and preparing/coordinating all accounting and audit support related to investments to provide proper due diligence and oversight of the Foundation’s assets

  • Stay current on relevant market trends, innovative investment options and portfolio management through relevant publications and learning opportunities both locally and nationally to bring leadership on best investment practices and programs to the Foundation.  Evaluate, present and recommend ideas, improvements or best practices to CFO and senior management team

  • Develop and maintain strong working relationships with independent investment partners and professional advisors, including engagement with diverse stakeholders to establish and increase inclusive excellence within Foundation relationships

  • Maintain active relationships with other institutional investors, both locally and nationally, to enhance diligence efforts, sustain meaningful partnerships, and to continue the Foundations’ role as an investment leader among community foundations

  • Assist in due diligence of new managers and on-going due diligence of existing managers

  • In collaboration with CFO, set agendas for Investment Committee meetings with independent investment consultants, trustee banks, and meetings of the Foundation’s Investment Committee with a focus on ensuring compliance with Investment Committee charter and policy

  • Serve as the Finance Department’s liaison with the Foundation’s Philanthropic Services team with responsibilities including the review of all complex and non-cash gifts, charitable gift annuities, charitable trusts, organizational fund reviews, etc., and evaluation of any non-standard agreements with donors to mitigate risk to the Foundation

  • Interact with donors and professional advisors as requested on gift, investment, and finance matters to provide excellent service in support of the Foundation’s mission

  • Develop and review marketing materials and website updates related to the Foundation’s investment options to keep our donors and professional advisors well-informed

  • Serve as the liaison between Finance, Marketing, and Philanthropic Services teams to lead the fund statement distribution process

  • Plan and execute donor and professional advisor investment events, with the Philanthropic Services and Marketing teams

  • Serve as investment staff liaison for select supporting organizations, regional affiliates, giving circles, and special initiatives, providing excellent service to Boards and Committees and serving as a capable and helpful representative of the Foundations

  • Coordinate annual review and update of Foundation’s investment policy to provide the framework for solid institutional control

  • Review the expenses and fees of the investment portfolios and recommend cost reduction strategies when appropriate.  Evaluate the potential for a mission/program related investment portfolio and research potential other investment opportunities.  Provide reporting to the Investment Committee summarizing of these investments

  • Monitor the liquidity requirements of the separate portfolios and adjust as needed to ensure adequate cash flow

  • Review investment manager agreements and charitable fund documentation and maintain updated signature authorizations on accounts

  • Prepare and present regular communications and presentations for the Investment Committee

  • Oversight of the investment options available for the Foundation’s retirement plan with a focus on fund monitoring and performance to enhance the foundation’s ability to provide for the future financial stability of the staff

Treasury Management

  • Ensure adequate liquidity and working capital to meet Foundation’s operational needs

  • Oversight of cash accounts (including administrative, trust, and investments) to include monitoring, forecasting, evaluating returns, bank relationships, systems, etc. to prudently preserve the assets of the Foundation

  • Benchmarking and negotiation of bank fees

     

  • Update and further develop and implement treasury and cash management polices 

     

  • Assess cash flow through forecasting and implementation of cash flow modeling

  • Develop and maintain relationship with banking partners

  • Lead Finance enterprise risk management efforts

Other Finance

  • Be a committed finance team player, by working collaboratively with members of the finance team and other teams throughout the Foundation

  • Be dependable and reliable when working with a team, while communicating clearly and enthusiastically

  • Assist the CFO with special projects to facilitate improvements in efficiency and practices

  • Serve as a key analytical and modeling resource for other teams within the Foundation

  • Other duties as assigned

QUALIFICATIONS:

  • Bachelor’s degree in accounting, finance or economics preferred.  Preference given to CFA designees

  • Advanced Excel and PowerPoint skills including financial modeling and graphing

  • Seven to ten years experience in treasury, banking and/or investment services

  • Demonstrated knowledge of financial markets and investments and long-term investing strategies along with a broad, working knowledge of the finance and accounting functions of an organization

  • Self-motivated with an ability to think strategically and manage projects (conduct research and recommend and implement solutions) while maintaining day to day, hands-on financial operations and analysis

  • Keen analytical skills, sound judgment and the ability to handle and keep confident sensitive information

  • Ability to interact successfully with senior level banking and investment executives as well as with internal management and members of the Board of Directors

  • Understanding of various gift planning vehicles and subsequent tax implications

  • Exceptional interpersonal skills with the ability to work effectively with internal staff, board members, investment partners, donors and others and respond to requests in a timely and service-oriented manner

  • Proven success as a member of a diverse, multidisciplinary team with the ability to work in a complex environment requiring significant collaboration

  • Exceptional written and oral communication skills, including the ability to develop high-level presentations for internal and external audiences covering complex financial information for a variety of audiences

  • Ability to use innovative technology to conduct research and analyses

This is a full-time, exempt position. Community Foundation for a greater Richmond offers a competitive salary and benefits package. If interested, please send cover letter, resume and salary requirements to careers@cfrichmond.org.  No phone calls or agencies please.