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Operational Due Diligence Analyst

Howard Hughes Medical Institute (HHMI)
United States, Maryland, Chevy Chase
4000 Jones Bridge Road (Show on map)
Apr 01, 2025
Primary Work Address: 4000 Jones Bridge Road, Chevy Chase, MD, 20815 Current HHMI Employees, click here to apply via your Workday account.

The Howard Hughes Medical Institute (HHMI) advances the discovery and sharing of scientific knowledge to benefit us all. As a biomedical research organization and philanthropy, HHMI supports a vibrant community of academic researchers, educators, students, and professionals. Our Headquarters is in the greater Washington, DC metro area and is home to over 300 employees.HHMI's Investment team manages an endowment with net assets of approximately $26 billion, and invests globally through long-term partnerships with world-class external investment managers. HHMI's endowment comprises a diverse portfolio, including investments in public equity funds, growth equity and buyout funds, venture capital funds, hedge funds, real assets and direct co-investments.

Summary:

The Operational Due Diligence Analyst will be part of HHMI's investment team, supporting the management of its endowment. This role focuses on business and operational due diligence (ODD) across a diverse portfolio. The analyst will assist in evaluating prospective and existing investment managers, conducting operational due diligence across all asset classes, and contributing to investment decision-making and oversight.

This role reports to the Director of Investment Operations and follows a hybrid schedule, with three days per week in person at HHMI's headquarters in Chevy Chase, MD, and two days remote.

What we provide:

  • The opportunity to support an investment team that handles one of the largest endowments in the world.

  • Exceptional performers will have the chance to build their career with HHMI.

  • A competitive compensation package that includes a 10% employer contribution to your retirement, up to $10,000 in educational reimbursement each year, and a significant budget for professional development.

What you'll do:

  • Support operational due diligence for prospective and existing external investment managers by reviewing key materials (e.g., audited financials, regulatory filings, fund documents, valuation methodologies, and background checks).

  • Participate in diligence meetings with investment managers, service providers, and other relevant parties to assess operational risks and identify potential concerns.

  • Maintain thorough documentation of diligence analysis, findings, and conclusions.

  • Monitor ongoing investments in line with established policies and engage external partners, such as background check providers and due diligence consultants, to enhance risk analysis.

  • Travel domestically and internationally (~15-20%) to engage with top-tier investment managers and counterparties.

  • Stay informed on market developments, industry trends, and regulatory changes that may impact investment managers or due diligence processes.

  • Assist with ad hoc projects, including internal compliance initiatives.

What you bring:

  • Bachelor's degree, preferably in Finance or Accounting or a combination of education and equivalent experience.

  • A minimum of three years of relevant experience.

  • Operational due diligence, portfolio operations and accounting, or risk reporting experience preferred.

  • Familiarity with investment strategies.

  • Strong analytical skills with ability for data reconciliation, aggregation, and presentation.

  • Strong written communication skills, with the ability to produce clear, concise analysis.

  • Exceptional notetaking skills, ensuring accurate collection of key information with attention to detail.

  • The ability to work both independently and collaboratively, handling tasks efficiently while adapting to shifting priorities.

  • Motivation to thrive in a professional environment that prioritizes excellence, open-minded thinking, and mutual respect.

  • Proficiency with Microsoft Office suite programs.

Physical Requirements:

Remaining in a normal seated or standing position for extended periods of time; reaching and grasping by extending hand(s) or arm(s); dexterity to manipulate objects with fingers, for example using a keyboard; communication skills using the spoken word; ability to see and hear within normal parameters; ability to move about workspace. The position requires mobility, including the ability to move materials weighing up to several pounds (such as a laptop computer or tablet).

Persons with disabilities may be able to perform the duties of this position with reasonable accommodation. Requests for reasonable accommodation will be evaluated on an individual basis.

Please Note:

This job description sets forth the job's principal duties, responsibilities, and requirements; it should not be construed as an exhaustive statement, however. Unless they begin with the word "may," the Essential Duties and Responsibilities described above are "essential functions" of the job, as defined by the Americans with Disabilities Act. #LI-EG1

Compensation and Benefits

Our employees are compensated from a total rewards perspective in many ways for their contributions to our mission, including competitive pay, exceptional health benefits, retirement plans, time off, and a range of recognition and wellness programs. Visit our Benefits at HHMI site to learn more.

Compensation Range

$94,931.20 (minimum) - $118,664.00 (midpoint) - $154,263.20 (maximum)

Pay Type:

Annual

HHMI's salary structure is developed based on relevant job market data. HHMI considers a candidate's education, previous experiences, knowledge, skills and abilities, as well as internal consistency when making job offers. Typically, a new hire for this position in this location is compensated between the minimum and the midpoint of the salary range.

HHMI is an Equal Opportunity Employer

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