The Rainwater Charitable Foundation is seeking an Investment Operations Associate for the Foundation’s investment team, which manages a ~$1B endowment to support the Foundation’s philanthropic missions. The position reports to the Foundation’s Deputy Chief Investment Officer and Senior Investment Associate.  The objective of the Investment Operations Associate is to support the investment team in gathering, organizing, and analyzing data to enable high-quality investment decisions.

The role is based at the Foundation’s office in Fort Worth, Texas.  The Foundation currently employs a hybrid in-office/remote work schedule. The position may require occasional work travel.  

If interested, please also send a brief cover letter to Franklin Zhu, Senior Investment Associate, at hr@rainwatercf.org.

Key responsibilities include:

• Monitor the Foundation’s investment portfolio on a daily or weekly basis

• Interface directly with the Foundation’s custodian (Northern Trust) and other service providers, and assist with verifying performance calculations

• Monitor and maintain the Foundation’s liquidity model

• Support the preparation of quarterly investment performance presentations and reporting materials for the Foundation’s Investment Committee

• Provide operational assistance for cash/collateral management, annual audit assistance, and regulatory filings

Requirements include:

• Bachelor’s degree with strong GPA (3.5+) required

• 2-8 years of accounting/finance/investment operations experience preferred, though open to nontraditional backgrounds

• Fluency in quantitative concepts, demonstrated skill in Microsoft Office

• Strong interest in investment management operations

• Willingness to learn

• Detail-oriented, focused, and organized

• High level of professionalism and discretion

• Interest in philanthropy and the Foundation’s mission and operations

• Adherence to a strict code of ethics and conflict of interest policy, including restricting personal investments to index funds and mutual funds

• Employment eligibility in the United States

About Rainwater Charitable Foundation

The Rainwater Charitable Foundation (RCF) is a private family foundation based in Fort Worth, Texas. Founded by Richard E. Rainwater in 1991, RCF began as a nonprofit focused on funding initiatives centered around children, believing that high-quality education can transform their lives and the lives of their families. In 2009, RCF founded the Tau Consortium, to commission world-class research and drug discovery programs to accelerate treatments of tauopathies, a class of neurodegenerative diseases including supranuclear palsy and Alzheimer’s Disease. Today, RCF’s education grant focuses on funding the betterment of school-based work and systems, with the goals of affecting change in both neighborhoods and society as a whole. Additionally, since its founding of the Tau Consortium, RCF has invested approximately $100 million providing about 65% of all US philanthropic funding for tau-related research as well as created the Richard Rainwater Prize Program to reward innovative thinking and approaches to treatment. RCF is proud to be a leader in the fight against neurodegenerative diseases.

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