Analyst, Investments

CommonSpirit Health is the largest not-for-profit health system in the United States with a community footprint across 21-states that includes: hospitals, urgent and occupational care, home health, and primary care centers. CommonSpirit Health formed as a result of the merger between Dignity Health and Catholic Health Initiatives, two leading Catholic health systems. CommonSpirit Health is committed to delivering compassionate, high-quality, affordable health care services with special attention to the poor and underserved. In 2019, the system invested over $2 billion in charity care, community health programs, and other community support programs.

The investment team of CommonSpirit Health is responsible for supporting all of the investment activities of the investment program. Corporate investments comprise approximately $21 billion in assets across various pools of capital including: operating, pension, endowment, and insurance. In addition, the defined contribution plans have total assets exceeding $11 billion. The investment team is primarily based in San Francisco, with some team members based in Denver.

Working for the CommonSpirit Health Investment Program is an opportunity to apply analytical and qualitative investment skills for the benefit of one of the nation’s largest health care systems and further its commitment to providing compassionate, high-quality, affordable health care. The successful candidate will be part of a collegial team, working to build a world-class investment organization to deliver strong long-term, risk-adjusted returns that incorporate our mission-aware investment philosophy.

Position Summary: Analyst, Investments Opportunity

The Analyst, Investments will officially report to Director or higher level team members but will work closely with the entire investment team, engaged in a high degree of responsibility, exposure, and growth opportunities. This position is responsible for supporting investment activities of the CommonSpirit Health Investment Program through evaluating and monitoring global investment managers across an array of asset classes; helping create and discuss portfolio, market and risk analytics; utilizing reporting and monitoring tools and systems; and engaging in discussions around investment and portfolio decisions, asset allocation, and portfolio construction with the broad investment team.

The CommonSpirit Health investment program in fully invested across a broad range of investment classes and mandates, providing a dynamic operating environment with opportunities for continual learning and development. We offer a solid compensation and benefits package as well as a balanced work environment in a mission- and performance-oriented, collegial, team-based setting. Some domestic and limited international travel should be expected.

The Analyst will work with colleagues across an array of invested managers across asset classes in supporting or possibly lead roles.

Core Responsibilities:

The Analyst, Investments will engage in evaluating and monitoring global investment managers across asset classes. More specific responsibilities include the following:

• Support manager and portfolio evaluation and monitoring:
  • Use analysis, models, and systems to assess and support the underwriting of investment strategies and individual managers from both risk and return perspectives. Evaluate and assess historical and anticipated manager performance, including appropriate measures such as correlations. Collaborate with others to leverage insights and ideas.
  • Help develop and prepare manager recommendation memos for the internal investment team.
  • Assist with portfolio monitoring and portfolio construction, including development of analytical tools, collaboration with Operations, and asset class and team meeting updates.
  • Deeply research existing managers under coverage and work to further develop relationships across managers’ organizations in order to achieve access to insights, capacity, operational efficiency and overall partnership engagement for CommonSpirit Health.

• In addition to manager research, conduct research and analysis on a wide variety of evolving strategic investment topics and handle ad hoc projects, analyses, presentations and reports.

• Engage actively as a member of the Internal Investment Committee, and serve as a voting member. Present, discuss, and evaluate investment ideas, recommendations, and opinions on managers, asset classes, and portfolio construction, both verbally and in writing, as a member of a collaborative team.

• Represent CommonSpirit Health and the investment program with high integrity and professionalism. Serve as a respected ambassador for the organization at manager meetings, conferences, and industry events.

• Collaborate effectively with peers in multiple functions, including Treasury, Mission, Legal, and Investment Operations, among others.

The following characteristics describe attributes of a successful member of the CommonSpirit Health investment team, as well as more details around the Analyst, Investments’ responsibilities.

Characteristics:

• High ethical and professional standards, including a genuine interest in the values of CommonSpirit Health and in socially responsible/ESG/impact investing.
• Meticulous attention to detail and superior organizational skills.
• Strong ability to evaluate and synthesize quantitative and qualitative data. Comfort with quantitative analysis and using numbers to tell a clear story.
• Active problem-solver with a track record of producing high quality deliverables on tight deadlines.
• Ability to juggle multiple tasks, respond to changing priorities and contribute to areas beyond the direct scope of responsibilities.
• Strong interest in finance and capital markets and a passion for investing; an ability and willingness to work across asset classes.
• Deep intellectual curiosity and critical reasoning skills with capacity to ask insightful questions. Values continuous learning and openness to new information. A person who seeks to expand knowledge and effectiveness as an investor, leader, and human.
• Strong verbal and written communications skills.
• An interpersonal style that fits within a collegial, collaborative, team-oriented culture. Able to work effectively as a member of a diverse team; open to feedback.

Minimum Qualifcations:

Education/ Accreditation/ Licensure:

• Bachelor’s Degree is required.
• Extensive experience with Excel required. Bloomberg or common risk factor analytical tools a plus.

Experience:

• Must have two or more years’ experience in investment and portfolio analysis and/or investment banking, management consulting, or related fields at a recognized and respected firm.

~LI-DH