Although we prefer candidates from the NY Metro area, we are also open to East Coast candidates interested in working remotely.

About you and the role:

The Investments Senior Associate partners with the Head of Alternatives and Non-Core Specialty Mandates and the Alternative Investments team to support portfolio oversight, forecasting, reporting, and manager evaluation across the Alternatives and Non-Core portfolios.

• Monitor existing external managers and underlying investments

• Build and maintain asset models and financial plan projections

• Support portfolio management, performance analysis, and stakeholder reporting

• Execute manager due diligence, including evaluation and recommendation materials

• Deliver ad hoc analyses and projects to support investment decision-making

Enstar has 30+ managers across Alternatives (Private Equity, Private Credit, Real Estate, Infrastructure, Hedge Funds) and Non-Core (High Yield, Public Equity, CLO Equity) asset classes. These are targeted to represent 30% of approximately $20B in total investable assets and are expected to contribute a significant portion of projected investment return; the remainder is managed by core fixed income managers (outside the scope of this role).

What you will be doing:

Key Accountabilities / Deliverables

Ongoing Monitoring of Existing Managers, and Investments

• Quarterly Monitoring: Support initial and ongoing relationships with assigned managers; produce quarterly investment updates; and ensure the accuracy of existing ratings

• Performance Measurement and Attribution: Analyze and explain absolute and relative performance; attribute results versus budget, assigned benchmarks, and peer groups

• Manager Scorecards: Maintain scorecards for funds, strategies, and managers using a combination of qualitative and quantitative analysis

• Peer Group Analysis: Deliver peer-group comparisons for existing and prospective managers and strategies

• Investment Data Management: Maintain up-to-date mandate, manager, and investment data across internal databases and third-party systems

Asset Modelling and Financial Planning

• Asset Modelling: Develop, maintain, and update NAV, cash flow, gain/loss, and return projection models for assigned investments and managers

• Plan Development: Support the setup, execution, and ongoing maintenance of Alternatives financial plan projections

Portfolio Management and Reporting

• Investment Execution Support: Support negotiations for new investments; coordinate with regional investment teams, risk management, investment operations, investment accounting, legal counsel, external vendors, and investment managers

• Onboarding and Setup: Onboard new managers and investments in coordination with regional investment teams, legal, investment accounting, investment operations, and IT, as well as external managers and vendors; ensure internal systems and databases are updated with complete and accurate manager and investment data

• Compliance: Monitor adherence to internal and external portfolio constraints; escalate and support remediation as needed

• Reporting: Prepare quarterly materials for the Group Investment Committee, Board of Directors, and/or CIO

Manager Due Diligence

• Pipeline Development: Develop market maps for Alternative and Non-Core asset classes; build and maintain an accurate forward fund pipeline for existing and prospective managers; produce peer-group comparison summaries for pipeline managers

• Manager Due Diligence: Support RFP development and end-to-end due diligence for current and prospective managers and funds, including investment structure review, tax considerations, insurance regulatory capital requirements across jurisdictions, and reference calls

• Investment Recommendation: Draft and/or contribute to investment memoranda and supporting analyses for Investment Committee review

Ad-hoc Projects

• Deliver additional analyses and special projects on an ad hoc basis, as business needs dictate

What you will bring:

4-6 years minimum experience in an institutional investment role focused on sourcing, due diligence, and monitoring external managers, with emphasis on the alternative strategies noted above.