Endowment Advisor
The Episcopal Church Foundation (ECF) seeks an Endowment Advisor to join a vibrant, successful, and growing team that advises Episcopal organizations on all aspects of endowment and investment management. ECF is an independent, lay-led, nonprofit organization that serves Episcopal faith communities. It is a leading provider of endowment management services to Episcopal churches, dioceses, schools, and other organizations across the country. The endowment team currently serves several hundred organizations that invest over $650 million in endowment and other investment assets with ECF and its outside portfolio manager, State Street Global Advisors. The team also advises Episcopal organizations seeking guidance on endowment structure and governance as well as endowment giving and provides significant administrative support to clients.
This new position will work directly with Episcopal churches and other organizations, including both current and potential clients, to provide strategic and practical guidance on investment management, in coordination with ECF’s outside portfolio manager, as well as advice on endowment governance and endowment giving. This position will report to the Director of Endowment Management and, as a senior team member, collaborate with all endowment staff. The endowment team aims to invigorate endowment and investment management across the Episcopal Church with an array of investment options plus a comprehensive set of additional advisory and administrative services and is committed to excellence, professionalism, and outstanding client service. This position offers a meaningful opportunity to bring high-level endowment and investment experience to a growing client base of Episcopal organizations that rely on ECF for endowment advice and services.
Duties and responsibilities:
- Develop new relationships, and nurture and expand existing relationships, with Episcopal organizations of all kinds and sizes throughout the U.S., focusing on endowment, investment, and other financial matters.
- Meet with current and potential clients to (a) assess endowment-related needs and goals, (b) prepare and present investment information, including investment philosophy and portfolio options, (c) educate investment committee members and provide enhanced analysis as needed to support informed decision making, and (d) offer strategic guidance as requested.
- Advise current and potential clients on endowment structure, governance, and oversight, as well as policy development based on ECF’s sample endowment policies, and, in collaboration with the endowment team as appropriate, provide endowment giving advice and resources to support new endowment gifts.
- Respond to client requests for additional information or clarification about markets, investments, performance, spending or other investment- or endowment-related issues.
- Lead quarterly review calls with current clients, with and without the portfolio manager, and participate as appropriate in group quarterly review calls in collaboration with the portfolio manager and other staff.
- Present at conferences, seminars, and workshops, and in written publications, about ECF’s endowment management program and its impact on churches.
- Collaborate with the endowment management team to carry out client and program-related responsibilities, and coordinate with the outside portfolio manager as needed.
Qualifications:
- A Bachelors’ Degree or the equivalent and significant experience in a relevant financial, business, legal or church-related field.
- Experience with nonprofit endowment or investment management including multi-asset class portfolios; risk and return analysis; and asset allocation, spending, and other strategic decisions.
- Strong knowledge of investments, financial markets, and various forms of socially responsible investing as well as financial industry trends and developments.
- Familiarity with Episcopal organizations, church financial management and/or church stewardship.
- Strong analytic and communication skills, both written and oral.
- Proven success in relationship building and business development.
- Proficiency with investment data providers, analytical tools, and relationship management software.
- Enthusiasm about working with church investment committees.
- Self-motivation combined with a willingness to work collaboratively with the ECF endowment management team.
This is a full-time position with competitive benefits and a salary ranging from $105,000 to $115,000 depending on experience. Although the ECF office is in New York City, this position can work remotely from anywhere in the United States. The position will require travel.
ECF is committed to creating a diverse working environment and is proud to be an equal opportunity employer. All qualified applicants are encouraged to apply. To apply for this position, please send your resume with a cover letter to Carsten Sierck, Director of Endowment Management, at [email protected].