Manager, Investments & Retirement

MANAGER, INVESTMENTS & RETIREMENT

Reports to: Director, Investments & Retirement

Position Summary

"The MANAGER, INVESTMENTS & RETIREMENT helps provide day-to-day investment management oversight of the H-E-B Savings & Retirement Plan.

The Savings & Retirement Plan is a participant-directed 401(k) plan with three internally-managed global asset allocation funds, four index funds, and a money market fund.

Responsibilities

• Source, identify, evaluate, and monitor investment managers across multiple asset classes, including public and private market investments.
• Conduct regular due-diligence monitoring calls/visits with Plan investment managers and vendors; maintain due-diligence files.
• Assist Director with asset allocation decisions and hiring/termination of public and private market managers.
• Assist Director with ongoing investment/retirement planning education to H-E-B Partners and Plan participants.
• Perform ad hoc investment research and stays current on developments impacting the capital markets and the legal/regulatory environment impacting defined contribution plans.
• Interact and assist where needed with the Plan’s administrator and accounting staff.
• Participate in annual budget preparation for the Investment Office.
• Provide coaching, mentoring, guidance, and performance evaluations to junior Partners in the Investment Office.
• Some occasional travel is required.

Qualifications

• Bachelor’s degree required; advanced degree in a business-related discipline preferred (MBA, MSF).
• Chartered Financial Analyst (CFA) professional designation preferred; progress toward completion of the designation required.
• Additional related professional designations are a plus (e.g., CAIA, CIPM).
• Minimum 5-7 years of institutional investment experience (e.g., DB/DC pension plan, endowment, or foundation) successfully working in investment manager due diligence and monitoring and multi-asset class portfolio management; 7-10 years of experience preferred.
• Familiarity with the provisions of ERISA and fiduciary responsibilities.
• Experience with private, illiquid investments and derivatives a plus.
• Ability to work effectively in a team environment and build relationships.
• Ability to exercise critical thinking and analytical skills; deliver quality, detail-oriented analysis and make well-reasoned decisions.
• Excellent communication skills, both written and verbal. Ability to make effective presentations.
• Proficient with Microsoft Office applications and Morningstar Direct.
• Possess a high degree of intellectual curiosity and desire to learn.
• Ability to demonstrate integrity and a high degree of ethics.
• Ability to adapt quickly to the H-E-B culture of Partners, Community, Customers.
• A willingness to travel.
• Successful completion of a comprehensive background check.

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