Investment Director

Investment Director

When you join the growing BILH team, you're not just taking a job, you're making a difference in people's lives.

The Beth Israel Lahey Health Investment Office (BILHIO) manages the long-term investment assets for the Beth Israel Lahey Health (BILH) hospital system, which is the second largest healthcare system in New England. Comprising 14 hospitals and over 4,700 physicians, BILH is not only the leading inpatient care provider in the Boston metro area, but also a premier teaching affiliate of Harvard Medical School. In 2023 BILH announced a collaboration with the Dana-Farber Cancer Institute, and will soon build the region's only free-standing inpatient hospital for adult cancer patients. The Investment Office also manages the majority of the endowment and foundation assets for Combined Jewish Philanthropies (CJP). Founded over 125 years ago, CJP has played an integral role in addressing poverty, social justice, and helping those challenged with disabilities, mental illness, or aging. CJP also supports other programs that strengthen the Jewish community.

As a member of our team, your contribution has a direct impact on BILH's capacity to provide comprehensive, high-quality patient services and research, and on CJP's ability to serve those in need both locally and globally.

While organizationally part of Beth Israel Lahey Health (BILH), the Investment Office is overseen by ten widely recognized investors and allocators referred to as the Board of Managers. The Board is a source of significant investment insight, and owing to its stability over many decades, ensures long-term investment decision-making and a consistent application of our investment philosophy. The Investment Office meets quarterly with the Board, and as a member of our team, you will attend these meetings and be an important part of our investment process.

Job Description

As an Investment Director, you will be an integral member of a small team with meaningful responsibility across the investment process. Your primary contributions will include:

• Conducting diligence on new and existing managers across asset classes.
• Performing quantitative and qualitative assessments, analysis of portfolio construction and holdings, and diligence calls.
• Engaging with managers directly—through calls, meetings, and in-depth review of materials.
• Leading and contributing to internal discussions that determine whether to make or maintain an investment, and if so, how much capital to invest.

As importantly, we also look to each team member to make meaningful contributions to the continued intellectual growth of the office. We expect you to participate actively in all of our meetings, and will value your ability to think independently. Joining our team presents an excellent opportunity for personal growth, while positively impacting the further development of the Office. Your success also provides the opportunity to make a meaningful contribution to institutions that are critical to the delivery of healthcare locally and to philanthropic efforts globally.

Education & Skills Attributes – Curious, analytical, intellectually honest, driven, persistent, collaborative. Education – Undergraduate degree with demonstrated achievement. Graduate degree or CFA is valued. Experience – Possess direct investment experience and pursued interests that lead to informed and differentiated decision-making. Interests – Broad interests that uniquely shape your perspectives as an investor.

Pay Range: $187,200.00 USD - $228,800.00 USD

The pay range listed for this position is the annual base salary range the organization reasonably and in good faith expects to pay for this position at this time. Actual compensation is determined based on several factors, that may include seniority, education, training, relevant experience, relevant certifications, geography of work location, job responsibilities, or other applicable factors permissible by law.

As a health care organization, we have a responsibility to do everything in our power to care for and protect our patients, our colleagues and our communities. Beth Israel Lahey Health requires that all staff be vaccinated against influenza (flu) as a condition of employment.

More than 35,000 people working together. Nurses, doctors, technicians, therapists, researchers, teachers and more, making a difference in patients' lives. Your skill and compassion can make us even stronger.

Equal Opportunity Employer/Veterans/Disabled