About W.K. Kellogg Foundation
The W.K. Kellogg Foundation supports children, families, and communities as they strengthen and create conditions so all children can achieve success as individuals and as contributors to the larger community and society. Upon establishing the foundation in 1930, breakfast cereal innovator W.K. Kellogg instructed future trustees and staff to “Use the money as you please so long as it promotes the health, happiness and well-being of children.” To this day, the foundation envisions, and works toward, a nation that marshals its resource to assure that all children have an equitable and promising future – a nation in which all children thrive.
To advance this mission, the foundation implements an array of change-making tools – grantmaking, impact investing, communications, contracting, networking, and convenings – and uses an innovative networked organizational design to prioritize investment decisions and maximize effectiveness toward achieving the desired ends and improvements for children and their families. A commitment to racial equity, community engagement and leadership development is woven into each endeavor as essential to the creation of a social context in which all children can thrive. Their grant-making focuses on education and learning; food, health, and well-being; and family economic security.
The overall work of the foundation is guided by the following values:
- We believe in helping people help themselves through the practical application of knowledge and resources to improve their quality of life and that of future generations.
- We believe all people have the inherent capacity to effect change in their lives, in their organization, and in their communities. We respect individuals and value their collective interests, strengths, and cultures.
- We believe stewardship requires fidelity to the spirit and to the intent of the founder and the wide use of resources. We believe in being responsible, prudent, selfless, and exercising good judgment.
- We believe innovation of thought and action leads to enduring and positive change in both formal and informal systems.
- We value integrity of purpose and action, and believe it is essential to all of our affairs.
This is a powerful time to be on the front lines of innovative philanthropy and we hope you’ll consider joining us! To learn more about the foundation, please visit www.wkkf.org and everychildthrives.com.
The Opportunity
In furtherance of the W.K. Kellogg Foundation’s (“WKKF”) mission, the investment office seeks to generate excellent long-term risk-adjusted returns. Reporting to the Senior Manager – Asset Allocation and Risk Management, the Manager of Investment Operations collaborates with the investment team to manage back-office processes and other administrative matters related to the opening, ongoing oversight, and termination of investments.
Key Responsibilities/ Essential Functions
- Lead the back office and administrative processes covering the full life-cycle of an investment opportunity, including:
- all custodian-related tasks
- coordinate and track the legal due diligence and legal updates (addendums)
- coordinate and track side letter documentation, including MFN follow-up
- coordinate and track operational due diligence
- complete investment subscription documents
- coordinate signatory and delegation documents, organizing, collecting, and storing the fully executed documents
- maintain invested fund liquidity terms
- set up and maintain investments in all relevant systems with full details on share classes and terms by investment tranche
- Implement and manage the new account opening procedure, especially the AML/KYC work.
- Liaise with the WKKF Financial Services team to assist in tax analysis work regarding the investment vehicle selection and annual audit work.
- Implement rebalancing, redemption, trade documentation, and other tasks related to movements between investments, including oversight of trade settlement, corporate actions, internal documentation, and custodian-related communication.
- Contribute to a cohesive team by building and providing trust, assuming positive intent, being intellectually curious, transparent about what is working and not working, respectfully candid, committed to team goals and direction, accountable to performance standards, and celebrating collective success.
- Take on special projects and duties as assigned.
- Coordinate with service providers (custodian bank, law firms, auditors, tax advisors, technology providers, etc.) regarding back-office tasks.
Candidate Profile
The ideal candidate will have the following professional and personal qualities, skills, and characteristics:
Education/ Experience
- A bachelor’s degree is required, preferably in finance, investment management, law, accounting, business, or economics.
- A minimum of three years of experience in endowment administration, trust or estate administration, pension administration, or related fields.
- Experience fostering collaborative relationships across diverse cultural and professional backgrounds.
Core Capabilities
- Manage the account opening, processing, and administrative needs of a complex multi asset class, global portfolio.
- Knowledge of financial products such as separately managed accounts, commingled funds, limited partnerships, investment agreements, private placement memorandums, and subscription documents related to investments in public equities, fixed income, hedge funds, and private equity partnerships.
- Relevant knowledge of investments, tax, legal, and operations to fulfill middle- and back-office tasks as needed.
- Learning agility to develop proficiency in relevant investment-related technology systems as needed.
- Ability to effectively communicate (both verbally and in writing) investment operations insights to support the CIO and team goals.
- Personal abilities: Absolute integrity, discretion, and commitment to the fiduciary responsibilities of WKKF.
Desired Qualities and Characteristics
- Mission alignment – Strong commitment to WKKFs values and DNA.
- Intercultural competence – Ability to recognize and appreciate diverse cultural identities, ensuring inclusivity and equity in decision-making.
- Systems thinking – Takes a holistic approach to problem-solving, ensuring long-term sustainability.
- Collaboration and influence – Excels in building cross-functional partnerships and influencing without direct authority.
- Conflict competence – Skilled at navigating and resolving complex challenges, fostering positive outcomes.
- Talent development – Invests in team growth, empowering individuals to excel in their roles.
- Trust builder – Fosters transparency, shared accountability, and a collaborative working environment.
- Results-oriented – Passionate about delivering measurable outcomes that drive organizational success.
Compensation and Benefits
Salary is competitive and commensurate with experience. The salary range for this role is $148,800 - $186,000 with a generous benefits package and the potential for incentive compensation. The exact salary that will be offered to the Manager of Investment Operations will be determined based on a consideration of the successful candidate’s skills, experience, and geography and aligned with the foundation’s compensation policies.
Contact
DSG | Koya has been exclusively retained for this engagement, which is being led by Erin Reedy. Submit a compelling cover letter and resume by filling out our Talent Profile. All inquiries are strictly confidential.
The W.K. Kellogg Foundation is an equal opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBTQ+ applicants.