General Board of Pension and Health Benefits of the United Methodist Church, Evanston, Ill., is searching for a director-externally managed investments, a restructured position at the $10 billion pension fund.
It also is seeking a chief financial officer, a new position, and a manager-investment accounting and support, whose duties include managing the custodial bank relationship.
The director of externally managed investments oversees the fund's alternative investments and supervises staffers who oversee the fund's external managers for equities and fixed income. Marie Lauren, who was manager-alternative investments, left to pursue other opportunities, according to David Zellner, managing director-finance and investments.
The fund has $600 million in alternative investments and commitments, with 60% in real estate and 40% in private equity.
Alternative investment duties include analyzing real estate and private investments, including venture capital, leveraged buyout funds and hedge fund opportunities, and negotiating with investment managers. Other responsibilities include recommending changes to the board's overall investment policy and programs. The director reports to Mr. Zellner.
Qualifications include at least 10 years of progressively responsible financial experience, including at least three years of management responsibility, expertise in assessing and managing financial risk, and experience in alternative investments.
The CFO directs the fiscal operations of the organization. The CFO reports to Barbara Boigegrain, general secretary. Qualifications include 10 to 15 years of progressively responsible financial experience, including at least three at the managerial level.
The manager-investment accounting and support would replace Lauren Scott, who was promoted to manager-equity investments, overseeing external equity managers. Ms. Scott replaced John Capelli, who joined the $3 billion Northwestern University endowment fund, Evanston, as managing director of investments.
Aside from managing the custodial bank relationship, the manager-investment accounting prepares and analyzes daily, monthly, quarterly and annual reports on investment performance across all asset classes and prepares reports for the asset-liability committee of the board of directors.
The Methodist board isn't using a recruiting firm. Anyone interested may apply to the board.