Cedars-Sinai Investment Office manages approximately $3 billion in assets (the 'Portfolio') on behalf of Cedars-Sinai. The Portfolio is an intergenerational financial resource to support current and future operating and capital needs at Cedars-Sinai. The Office is responsible for developing and executing an investment strategy that will achieve the investment objectives set forth in the Board-approved investment policy.
The Investment Office spends significant time identifying and cultivating relationships with firms and managers that can add value to Cedars-Sinai's portfolio and help achieve targeted return objectives. The office's due diligence efforts focus on qualitative and quantitative research at both the asset class level and the individual firm/manager level.
Cedars-Sinai's Investment Policy target asset allocation is designed to grow and/or enhance long-term purchasing power. The portfolio is broadly diversified, with allocations to domestic and international equity and fixed income securities, marketable alternative assets (Hedge Funds, Credit-focused strategies), and non-marketable alternative assets (Privates).
The Managing Director, Private Investments, reports to the Chief Investment Officer (CIO), and provides senior level oversight of select investment categories within the Private investment portfolio to support current and future operating and capital needs of Cedars-Sinai. This leader participates in developing and executing an investment strategy to achieve the objectives set forth in the Board-approved investment strategy and oversees a team of investment professionals.
Under the general guidance of the Chief Investment Officer (CIO), provides oversight of the Private investment portfolio including sourcing, construction, due diligence, risk management, negotiations, monitoring and reporting.
Formulates investment guidelines, due diligence processes and establishes risk parameters.
Manager selection (i.e., sourcing, investment due diligence, preparation of recommendation and execution).
Monitors existing manager relationships, exposures and attends annual meetings. Identifies and cultivates relationships with external firms and managers that can add value to Cedars-Sinai’s portfolio and support achievement of targeted return objectives.
Reports on the portfolio’s status and direction through written materials and by directly interfacing with the investment teams, senior management and Limited Partner Advisory Committee as appropriate.
Conducts portfolio analytics, liquidity projections, pacing and performance reporting. Conducts qualitative and quantitative research at both the asset class level and the individual firm/manager level.
Recruits, manages, trains and mentors mid- and/or junior-level investment personnel.
Works with the CIO on a total portfolio level and sub-portfolio level to report on asset allocation, exposure measurement, performance attribution, liquidity monitoring and risk management.
Works collaboratively and continuously engages all members of the Investment team to provide independent, rigorous insights on potential decisions across the portfolio, including those not under their direct responsibility.
Builds the team’s reputation for professional excellence and credibility both inside Cedars-Sinai and throughout the investment community.
Education: Bachelor's Degree in Business Administration, Business Management, Finance, Economics or related field, preferred.
License/Certifications/Registration Requirements: Chartered Financial Analyst (CFA), preferred.
10 years: Sourcing and investing in private markets managers (ideally venture, growth and buyouts), co-investments and direct investments, minimum.
10 years: Investment management experience at a $2 billion plus Endowment, Foundation, Family Office or other sophisticated investment platform, preferred.
5 years: Previous distinction of asset class head or lead managing a team focused on private investments with an established network of investment contacts and manager relationships, preferred.
Working Title: Managing Director, Private Investments
Department: Chief Investment Officer
Business Entity: Corporate Services
Job Category: Finance
Job Specialty: Financial Planning
Position Type: Full-time
Shift Length: 8 hour shift
Shift Type: Day
Base Pay: $247,000.00 - $444,600.00
Our compensation philosophy
We offer competitive total compensation that includes pay, benefits, and other recognition programs for our employees. The base pay range shown above takes into account the wide range of factors that are considered in making compensation decisions including knowledge/skills; relevant experience and training; education/certifications/licensure; and other business and organizational factors. This base pay range does not include our comprehensive benefits package and any incentive payments that may be applicable to this role
Diversity and Inclusion at Cedars-Sinai
We are caretakers and innovators committed to the pursuit of equitable healthcare. But health equity is not possible without representation. Our commitment to diversity goes beyond demographics or checking boxes. Our people must reflect the diverse identities, experiences and geographies of the communities and patients we serve – because that’s what our patients, colleagues and communities deserve. Quality Care and Research—For All, By All.
Cedars-Sinai is an Equal Employment Opportunity employer.
Cedars-Sinai does not unlawfully discriminate on the basis of the race, religion, color, national origin, citizenship, ancestry, physical or mental disability, legally protected medical condition (cancer-related or genetic characteristics or any genetic information), marital status, sex, gender, sexual orientation, gender identity, gender expression, pregnancy, age (40 or older), military and/or veteran status or any other basis protected by federal or state law. If you need a reasonable accommodation for any part of the employment process, please contact us by email at Applicant_Accommodation@cshs.org and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.
Cedars-Sinai will consider for employment qualified applicants with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring.
At Cedars-Sinai, we are dedicated to the safety, health and wellbeing of our patients and employees. This includes protecting our patients from communicable diseases, such as influenza (flu) and COVID-19. For this reason, we require that all new employees receive a flu vaccine based on the seasonal availability of flu vaccine (typically during September through April each year) as a condition of employment, and annually thereafter as a condition of continued employment, subject to medical exemption or religious accommodation. For the same reason, you may also be required to receive other vaccines such as COVID-19 as a condition of employment. Cedars-Sinai reserves the right to make modifications to its required list of vaccines as required by law and/or policy.