Description

The Manager of Investment Operations reports to the Chief Investment Officer and assists in directing the daytoday investment management of Mercy Investment Services’ socially responsible investment program, including, but not limited to, implementation of portfolio structuring and investment manager and vendor selection decisions; coordination of program cash flows, including monthly transactions, investment rebalancing, and investment manager transitions; preparation of quarterly fund financial statements; and leading the annual audit and tax reporting processes of Mercy Investment Services with respect to the investment function.

Requirements

Position Responsibilities:
 
Investment Operations
»         Maintains primary responsibility for working with Finance and Administration and the program custodian to coordinate program cash flows, including monthly transactions, investment rebalancing, and investment manager transitions;

»         Prepares monthly rebalancing entries;

»         Responsible for completion of operational documentation related to managers;

»         Serves as primary investment liaison with program custodian;

»         Implements portfolio structuring and manager and vendor selection decisions;

»         Monitors external communications and ensures appropriate actions are taken (e.g., capital calls);

»         Oversees the organization and maintenance of investment-related documents, including incoming correspondence, reports and tax information, ensuring accuracy and completeness of records;

»         Coordinates the review and oversight of the organization’s securities lending program with the program custodian;

»         Completes custodial requests for global tax-related documentation, oversees collectability, and recommends valuation adjustments, as needed;

»         Maintains responsibility for the coordination of documentation and communications pertaining to participation in potential securities class action litigation;

»         Maintains investment manager, program custodian, and consultant contact information.

Compliance and Reporting

»         Leads the annual audit of the organization with respect to the investment function, including responsibility for the valuation, activity and reporting related to and covered by the audits of the Mercy Funds and the Sponsored Ministry Funds;

»         Works directly with external service providers to analyze, prepare and submit unrelated business taxable income and foreign informational filings; 

»         Reviews and responds to audit confirmations from external investment managers;

»         Prepares Mercy Investment Services compliance reports for Chief Investment Officer and Investment Committee;

»         Prepares reports required by regulatory agencies and ensures compliance with state and federal legal requirements;

»         Maintains primary responsibility for preparing quarterly Fund financial statements;

»         Maintains primary responsibility for private equity investment performance tracking and reporting.

Other Responsibilities

»         Demonstrates a commitment to socially responsible investing and an understanding of its fundamental role within the organization; 

»         Engages staff, consultants and investment managers in considering ways to support Mercy Investment Services’ social responsibility guidelines and policies;

»         Participates in Investment Committee meetings including preparing meeting materials and presenting information at the meetings, as necessary;

»         Participates in preparation of meeting materials for Mercy Investment Services’ committees and Board of Directors, as necessary;

»         Documents Investment Committee meetings;

»         Pursues educational opportunities to expand investment-related skillset, and to develop expertise that aligns with Mercy Investment Services’ mission, policies, and objectives;

»         Carries out responsibilities in accordance with Mercy Investment Services’ policies and applicable laws; and

»         Performs other duties as required.

 
 
Position Qualifications:
 

Required

»         Bachelor’s degree, preferably in accounting, finance or a related field;

»         At least five years of demonstrable related experience and/or training;

»         Strong technical skills in investment operations management, including record keeping, performance and compliance;

»         Commitment to socially responsible investing as a means of addressing social and environmental justice issues;

»         Demonstrated personal integrity and a commitment to ethical principles together with a strong service and mission orientation, inherent compassion and sensitivity to issues of justice;

»         Ability to work collaboratively and/or independently on multiple projects simultaneously and to prioritize responsibilities;

»         Ability to work with various constituents (i.e., civic community, vendors, consultants, religious community members, staff and coworkers);

»         Demonstrated sensitivity to and knowledge of cultural differences;

»         Excellent written, verbal and interpersonal communication and presentation skills; and

»         Strong computer skills with advanced knowledge of Microsoft Office, including Outlook, Word, Excel, PowerPoint, Access, and Adobe Acrobat.

Preferred

»         Master’s degree in business administration, accounting, finance or related field;

»         Prior experience implementing socially responsible investment portfolios in a notforprofit or religious organization;

»         Understanding and appreciation of the traditions and culture associated with the Sisters of Mercy; and

»         Familiarity with the Catholic Church structures and teaching.

Application Process 

»         Send a resume and cover letter to HR@mercyinvestments.org by September 1, 2026. Please include Manager of Investment Operations in subject line.