Director of Treasury & Investments

Cleveland Foundation Treasury And Investment Role

The Cleveland Foundation, established in 1914 as the world's first community foundation, continues to shape the future of place-based philanthropy more than a century later. With $4.1 billion in assets and a legacy of bold leadership, we are driven by a commitment to improve the lives of everyone who calls Greater Cleveland home, today and for generations to come.

Joining our team means becoming part of a culture that blends history-making impact with forward-looking innovation. Our vision is a vibrant Northeast Ohio where no Clevelander is left behind. Every team member plays a key role in advancing this vision by tackling Cleveland's most critical issues, championing opportunities for all, and helping unlock the full potential of our region.

Our headquarters in the heart of MidTown places us at the center of a historic neighborhood and growing district, surrounded by partners, community leaders and residents who are reimagining what's possible for our city. Here, you'll work in a dynamic, collaborative environment designed to spark creativity, deepen relationships, and accelerate change.

At the Cleveland Foundation, you can be part of building a stronger future for every Clevelander.

You are a strategic and collaborative treasury and investment professional with strong judgment, intellectual curiosity, and a deep commitment to fiduciary stewardship. You bring experience in investing, treasury operations, and financial analysis, along with the ability to translate complex concepts into clear recommendations for leadership, non-profit boards, donors, and community stakeholders.

You thrive in a relationship-driven environment, building trusted partnerships with colleagues, investment managers, advisors, and financial institutions. You are a proactive, results-oriented leader who embraces accountability, drives continuous improvement, and develops high-performing teams.

Most importantly, you are inspired by our community, the Cleveland Foundation's mission and recognize the power of investment capital to create both long-term financial strength and meaningful community impact.

This role provides fiduciary oversight of the Cleveland Foundation's treasury and investment program, ensuring the long-term growth, financial stewardship, sustainability, and mission alignment of the Foundation's investment pools. Reporting to the SVP, Finance, Investments & Treasurer, this function supports treasury and investment operations, liquidity management, risk monitoring, and while serving as a key liaison to external advisors, financial partners, and stakeholders.

Key responsibilities include:

• Serve as a senior member of the treasury/investment team, providing strategic financial expertise and contributing to cross-functional collaboration and departmental effectiveness.
• Assist with investment and treasury operations, transactions, valuations, audits, fee reviews, operational due diligence, performance measurement, and process improvement, ensuring compliance with investment policies, governance standards, regulatory requirements, and fiduciary obligations through strong controls and documentation.
• Lead treasury and cash management, including collaborating with Foundation leadership on cash flow forecasting, cash positioning, and liquidity optimization; oversee banking relationships, cash operations, and related policies and controls to safeguard assets and ensure efficient use of capital.
• Support organizational fund and donor-advised fund investment programs. As well as other fiduciary investment pools, including external manager relationships, performance oversight, and stakeholder communication.
• Support execution of the Foundation's institutional investment strategy, asset allocation, portfolio construction, liquidity management, and risk management across public and private market portfolios and the Foundation endowment.
• Assist with evaluation, selection, monitor, and terminate investment managers, advisors, and strategies, maintaining disciplined investment processes aligned with long-term objectives and fiduciary responsibilities; serve as primary relationship manager for non-profit organizational funds partners, external advisors, managers, custodians, banking partners, and other financial service providers.
• Monitor portfolio performance, asset allocation, liquidity, and risk exposures across all investment pools and related entities, evaluating results against benchmarks, policy targets, and long-term goals.
• Develop and articulate investment perspectives, portfolio insights, and market observations; prepare and deliver investment, treasury, and financial reporting and recommendations for senior leadership, the Board and committees, donors, and other stakeholders.
• Support Investment Committee governance processes, including meeting planning, materials, presentations, advisor engagement, and follow-up actions.
• Integrate mission-aligned, place-based, and impact investment strategies into the Foundation's broader portfolio in alignment with organizational goals, donor intent, and investment objectives.
• Support development, and mentorship of treasury/investment staff, fostering a culture of accountability, transparency, humility, collaboration, continuous improvement, and high performance.

General competencies include:

• Judgment
• Communication
• Teamwork & Collaboration
• Adaptability
• Intellectual curiosity
• Fiduciary Stewardship
• Strategic Investment Leadership
• Relationship Management
• Execution mindset

Requirements include:

• Education: Bachelor's degree in investments, finance, mathematics, or a related field with working knowledge of financial accounting, capital markets, and investments.
• Experience: 6-10 years of relevant work experience in investments.
• Technical Skills: Strong mastery in advanced PowerPoint, Excel modeling, Microsoft Office 365, and investment analysis tools including Bloomberg Terminal.
• Core Skills: Strong attention to detail, excellent analytical skills, exceptional time management, and the ability to work independently in a dynamic, fast-paced environment.
• Relationship Skills: Strong interpersonal skills with the ability to collaborate between and across teams and interact effectively with diverse internal and external stakeholders at all levels.
• Professional Orientation: Passion for investing, natural curiosity, and a desire to understand financial markets

Preferred qualifications include:

• Master's degree in a related field and/or CFA or CAIA certification, or active pursuit thereof.
• Experience supporting board-level investment reporting, investment committee governance, manager due diligence, or mission-aligned/place-based investment strategies.

Work environment includes:

• Professional office-based environment with regular collaboration across Finance, executive leadership, committees, external advisors, investment managers, donors, and community partners.
• Role requires the ability to manage multiple priorities, respond to time-sensitive requests, and occasionally represent the Foundation in industry, investment, and philanthropic forums.