VP, Asset Management and Portfolio Operations

The position is responsible for leading many aspects of oversight, governance and portfolio support to work with the team to manage a growing portfolio of privately held assets. This individual will be the primary coordinator of portfolio support which entails day-to-day operational requirements for a multi-billion portfolio working in partnership with the investment team and various shared resources in legal, tax, insurance, risk, treasury, and audit. Second, the position will support oversight of individual portfolio assets in collaboration with the investment team. The role will partner with the management teams of portfolio companies via board and observer seats. And third, the position will support the development & communication of the investment strategy and performance for the natural resources platform. This role requires hands-on work, day-to-day tactical responsibilities and a flexible can-do attitude. This position will report to the Managing Director of the Natural Resources Platform. The platform consists of dozens of direct real asset investments and continues to add new exposures to its portfolio. As a result of this growth, Devonshire is adding this new position. Primary responsibilities will include the following: own day-to-day portfolio management, oversee certain portfolio assets, and support the development & communication of investment thesis, strategy and performance.

Responsibilities

Leading aspects of oversight, governance and portfolio support; Acting as primary coordinator of portfolio support for day-to-day operational requirements; Supporting oversight of individual portfolio assets; Partnering with management teams of portfolio companies via board and observer seats; Supporting development & communication of investment strategy and performance for the natural resources platform; Owning day-to-day portfolio management; Overseeing certain portfolio assets; Supporting development & communication of investment thesis, strategy and performance; Partnering with investment team and operations teams on portfolio management and oversight; Serving as investor representative for individual holdings; Managing vendor and research provider contracts and relationships; Managing and overseeing platform of third-party Advisors; Supporting special projects on portfolio strategy, portfolio oversight and benchmarking; Drafting/reviewing presentations to investment committees; Coordinating with internal corporate shared services and external service providers

Requirements

Bachelor’s Degree required; Portfolio oversight or finance experience with Private Equity/Venture Capital Funds; Experience in or working with professionals in private markets investment management and supporting functions for portfolio management and oversight (e.g., tax, legal, treasury, finance, compliance, risk, insurance), either in internal shared-services roles or through third party providers; Ability to work within a matrixed reporting environment; 7-10 years’ experience as a vice president/director at an institutionally scaled direct investment platform, preferably in an institutional asset manager such as a large family office, multi-family office, or private equity General Partner; Direct experience in corporate governance roles, such as serving as an advisory board member or representative; Strong financial and analytical skills; capability to analyze financial statements and understand implications for the business; Gravitas to engage with portfolio company management, partners and senior executives; A proven record of delivering results and demonstrating impact; Strong attention to detail, sense of urgency, ownership and execution orientation; Excellent oral and written communication skills; ability to persuade through influence rather than directive; Willingness to travel approximately twice per month for company meetings and/or industry conferences

Nice to have

MBA or CFA preferred; Preference for experience in funds that focus on natural resources or real assets; Prior experience in a private markets investing platform is a strong preference; Experience with real assets (e.g., natural resources or infrastructure) desired

Benefits

Comprehensive health care coverage and emotional well-being support; Market-leading retirement; Generous paid time off and parental leave; Charitable giving employee match program; Educational assistance including student loan repayment, tuition reimbursement, and learning resources; Bonus or other variable compensation