Primary Work Address: 4000 Jones Bridge Road, Chevy Chase, MD, 20815

Current HHMI Employees, click here to apply via your Workday account.

The Howard Hughes Medical Institute (HHMI) advances the discovery and sharing of scientific knowledge to benefit us all. As a biomedical research organization and philanthropy, HHMI supports a vibrant community of academic researchers, educators, students, and professionals. Our Headquarters is in the greater Washington, DC metro area and is home to over 300 employees. HHMI's Investment team manages an endowment with net assets of approximately $26 billion, and invests globally through long-term partnerships with world-class external investment managers. HHMI's endowment comprises a diverse portfolio, including investments in public equity funds, growth equity and buyout funds, venture capital funds, hedge funds, real assets and direct co-investments.

• The opportunity to support an investment team that handles one of the largest endowments in the world.
• A role that is uniquely positioned to have an impact across the scientific landscape because of its ability to provide outstanding solutions and support that enable our people and advance our scientific mission.
• Exceptional performers will have the chance to build their career with HHMI.
• A competitive compensation package that includes a 10% employer contribution to your retirement, up to $10,000 in educational reimbursement each year, and a significant budget for professional development.

• Connect with third-party service providers and investment managers about the opening, maintenance, and closing of accounts.
• Coordinate with investment managers, fund administrators, and third-party service providers for investment transparency and valuation reporting.
• Document operational activity in the internal CRM system and maintain investment records.
• Maintain terms and conditions to satisfy investment reporting objectives.
• Reconcile service provider invoices before payment.

• Provide operational support for cash flow activity such as capital calls, distributions, fee payments, subscriptions, redemptions, and internal trading activity including posting transaction activity to internal systems, providing transaction instructions to custodians/service providers, and ensuring instructions are processed and retained according to internal policies and procedures.
• Maintain cash forecasting, research and resolve transaction settlement issues, and monitor ISDA or other collateral arrangements.
• Reconcile custody positions and cash balances for the internal portfolios on a daily and monthly basis to ensure the internal and external records are in sync.
• Monitor ongoing developments in the investment community impacting operational aspects of transaction processing.

• Coordinate the accurate closing of the official custodian/administrator and internal shadow accounting records monthly for the endowment fund, including the accurate closing of the internally managed portfolios, in accordance with the HHMI Valuation Policy. Ensure all necessary information is collected from internal and external sources and appropriate audit documentation is maintained.
• Post all valuation activity to appropriate internal systems in an accurate and timely manner. Communicate valuation instructions to the custodian/adminstrator to ensure timely recognition of valuation updates for the official accounting and performance records.
• Prepare internal and external audit materials as requested and direct appropriate communication with senior management.
• Reconcile custodian/administrator and manager accounting and valuation records to internal records.
• Work with HHMI General Accounting team and external auditor as needed for ongoing developments in FASB/IASB compliance.

• Coordinate the accurate closing of the custodian and internal performance records monthly for the endowment fund, record and reconcile benchmark data, and ensure accurate data for and reporting of analytics information.
• Maintain appropriate records of portfolio, composite, and benchmark history while developing quality controls for performance and analytics data.
• Monitor developments in GIPS and other sources of performance standards.

• Prepare, review, distribute, and file as applicable standard internal investment reporting, quarterly Investment Advisory Committee and Trustee reporting, regulatory reporting, surveys, and other reporting as necessary.
• Ensure similar data used in various reporting platforms is aligned and producing similar results.

• Coordinate with the investment team and cross-departmentally for legal, audit, tax, risk, due diligence, and other activities as appropriate.
• Develop business relationships with HHMI staff, general partners, investment managers, peers, and other third-party service providers.
• Develop/implement quality controls to reduce/eliminate risk and review/maintain/create procedures for business continuity as appropriate.
• Participate in special projects and other duties as assigned.

• Bachelor's degree in Business, Accounting, or Finance, or an equivalent combination of education and related experience
• Minimum of 5 years of increasing responsibility with industry experience in investment fund operations, global custody operations, investment management operations, and/or fund accounting/performance operations.
• Proactive and innovative problem solver demonstrating a strong work ethic, excellent organizational and interpersonal skills, and unwavering attention to detail.
• Excellent time management skills with a track record of completing responsibilities while remaining flexible and nimble to handle changing priorities.
• Knowledge of various investment instruments including private equity, hedge funds, stocks, bonds, and derivatives plus general knowledge of investment accounting and performance practices.
• Proficient in MS Office applications. Familiarity with and willingness to learn/master internal/external technologies such as CRM software (e.g. Dynamo, Backstop, Bipsync, Salesforce), portfolio analytics applications (e.g. Caissa, Solovis, Novus, Burgiss, MSCI), Bloomberg tools, accounting and custodial platforms (e.g. Eagle Investment Systems Star/Pace, BNY Nexen).
• Collaborative nature to work as part of a team and support peers.
• Actively seeks opportunities to increase skills and expertise.