Associate, Investments – Alternative Investments

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 Investment Associate partners with the VP - Alternative Investments, and the Non-Core Investments team to support manager selection, monitoring, reporting, forecasting, and operational activities across the Alternatives and Non-Core portfolios. Key areas of focus include: • Monitoring external managers and underlying investments • Delivering monthly, quarterly, and annual reporting • Building and maintaining asset models and financial projections • Supporting portfolio management, performance analysis, and stakeholder reporting • Conducting manager due diligence and preparing evaluation and recommendation materials • Delivering ad hoc analysis and project support to inform investment decision-making

Enstar manages relationships with more than 30 external managers across Alternatives (Private Equity, Private Credit, Real Estate, Infrastructure, and Hedge Funds) and Non-Core (High Yield, Public Equity, and CLO Equity) asset classes. These portfolios are targeted to represent approximately 30% of Enstar’s roughly $20 billion in investable assets and are expected to contribute a significant portion of projected investment returns. The remaining assets are managed by core fixed income managers and are outside the scope of this role.

What you will be doing:

Ongoing Monitoring of Existing Managers and Investments

• Quarterly Monitoring: Support initial and ongoing relationships with assigned managers; take meeting notes; summarize presentations; draft and circulate monitoring notes and quarterly investment updates; and ensure the accuracy of existing ratings.
• Performance Measurement and Attribution: Analyze and explain absolute and relative performance; assess results against budget, assigned benchmarks, and peer groups.
• Manager Scorecards: Maintain scorecards for funds, strategies, and managers using both qualitative and quantitative analysis.
• Peer Group Analysis: Develop and maintain peer group comparisons for existing and prospective managers and strategies.
• Investment Data Management: Maintain accurate and up-to-date mandate, manager, and investment data across internal databases and third-party systems.

Manager Due Diligence

• Manager Due Diligence: Support RFP development and end-to-end due diligence for current and prospective managers and funds.
• Investment Recommendations: Contribute to investment memoranda and supporting analysis for Investment Committee review.

Portfolio Management and Reporting

• Onboarding and Setup: Onboard new managers and investments in coordination with regional investment teams, Legal, Investment Accounting, Investment Operations, IT, external managers, and vendors; ensure internal systems and databases are updated with complete and accurate manager and investment data.
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