Associate, Investments and Operations

About Us

The Pension Boards-United Church of Christ, Inc. (PBUCC) is an Affiliated Ministry of the United Church of Christ responsible for ministerial welfare activities, and a system of employee benefit programs designed to assist authorized ministers, and lay workers achieve financial security during their working and retirement years. PBUCC is a membership corporation with over $3 billion in assets, currently serving more than 22,000 active, inactive and retired clergy and lay workers.

Position Summary

The Associate, Investments and Operations is part of the Investment team responsible for investing for the Pension Boards, United Church of Christ (PBUCC), as well as a large PBUCC client, United Church Funds (UCF) totaling ~4.7 billion dollars.  The job functions include but are not limited to being responsible for timely execution and record asset allocation changes and transactions to facilitate monthly benefit payouts, member annuitization and other organizational needs. Help in-house core fixed income team to resolve trade settlement issues and achieve operational efficiency. The Associate will be responsible for handling transactions with custodian banks, investment managers, accounting, compliance and other related parties.  When time allows, the associate would also participate in investment activities such as manager meetings, consultant discussions and other internal and external communications to advance knowledge in all aspects of investments.

This position reports to the Chief Investment Officer.  The Associate will maintain a positive attitude and ability to consistently exceed expectations while interacting with all colleagues.

What You’ll do

• Ensures and coordinates proper setup at custodian bank, oversees the timing and execution of the funding of such manager mandates, and proactively communicates to all stakeholders during the process.
• Process for month-end or mid-month transfers, capital calls and distributions and asset allocation changes.
• Ensure accurate input of all trade orders and web cash transaction at custodian bank
• Maintain complete documentation of the latest manager contracts, for purposes of Investment Policy Statement compliance and internal and external audit processes.
• Oversee appropriate document of manager records in Code Red and Shared Drive for all asset classes.
• Ensure operations manual is complete and up to date, revising as often as new processes are initiated.
• Participate investment meetings, share learnings and improve investment understandings.

What You’ll need

• Bachelor’s Degree
• Passion for investing and a strong desire to develop investment skills and judgment
• Solid communication skills, superior attention to detail, project management skills, problem solving skills, multi-tasking abilities.
• Experience in investment operations activities.
• Advanced skills in Excel, Word, PowerPoint.
• Displays a team-based and cooperative attitude.
• Highly organized
• Interest in principles of responsible investing (Faith and Finance initiative at PBUCC)
• At least 5 years of financial experience in an organization with at least $1 billion in assets

Compensation & Benefits

As a candidate for this position, your salary and related elements of compensation will be contingent upon your experience, education, and other factors PBUCC deems pertinent to the hiring decision. To the extent this job is performed in New York City, the hiring range* for this position is $100k-135k annually. In addition to your salary, PBUCC offers employees a full range of benefits such as medical, dental and vision coverage, incentive programs, life insurance, and contributions to the Lifetime Retirement Plan, all subject to eligibility requirements. PBUCC believes in providing competitive compensation and benefits package.

*The hiring range is defined as the lowest and highest salaries that PBUCC in “good faith” would pay to a new hire, or for a job promotion into this position