Job Duties at Stanford Endowment

What are the responsibilities of a Managing Director of Operations inside an endowment?

Directly and/or through his/her team, manage the following areas including (but not limited to):

Strategic Leadership:

      • Contribute to the development of SMC’s strategic goals and objectives as well as overall management of the organization.
      • Maintain continuous lines of communication, keeping the CEO informed of all critical issues.
      • Promote a culture of high performance and continuous improvement that values learning and a commitment to quality.
      • Mentor and develop staff. Establish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, conduct annual performance appraisals, and administer salary adjustments.

Partner Relations:

      • Interact with a broad range of key constituents within the university and the investment community.
      • Oversee and manage, working with the Director, School and Department Funds, the administration of investments for $3.0 billion in the Separate Investment Portfolio that represents 12 pools of investment capital that were established separately from SMC’s Merged Pool and benefit specific groups within Stanford.

Financial Management and Administration:

      • Oversee and manage, working with the Director, Finance and Administration, budgeting and projections, expense management, and contracts.
      • Oversee and implement internal and external financial controls, processes, and reporting.
      • Oversee management of facilities including planning and projects.
      • Oversee and lead disaster recovery and business continuity planning and preparation.

Human Resources (HR):

      • Oversee and manage, working with the Manager, Human Resources, staff related issues, policies, programs and processes for SMC employees.
      • Oversee the performance appraisal process. Advise on dealing with performance problems through corrective action and partnering with employee relations on complex and high-risk case management.
      • Support CEO and SMC Board of Directors as necessary in addressing compensation, and other employment matters; present information, issues, and policy analysis regarding HR matters.

Information Technology (IT):

      • Oversee and direct IT, working with the Director, Information Technology, to ensure best-in-class systems and tools for administration, maintenance, and support of users, computers and mobile devices, networks, servers, and all IT infrastructure hardware and software.
      • Partner with IT and teams within SMC to assess their needs and identify, select and support scalable business applications and solutions that best meet their needs.
      • Collaborate on development of policies and procedures to ensure systems are used optimally.
      • Responsible for managing and evolving SMC’s IT infrastructure to provide users with efficient and effective tools.
      • Leverage University IT technology and support when appropriate.

Managing Director, Operations

Before you apply, you should familiarize yourself with the history of the University.

“Without the death of Leland Stanford Jr., you don’t have the museum and you don’t have Stanford University,” Dion explained. “Without Stanford University, you probably don’t have the Silicon Valley. Without the Silicon Valley, there are a number of things that we certainly don’t have in the way that they look today, including personal computers, and phones and the internet. So, the death of a child set off a chain reaction that dramatically shaped the course of the information future of the world.”

The compelling origin story of the Stanford museum, university and Silicon Valley

If you are morbidly curious, you can also visit the Stanford Mausoleum on campus where the remains of Leland Jr. and his parents are held.

Early versions of landscape architect Frederick Law Olmsted’s plans for Leland Stanford Jr. University placed a family mausoleum at dramatic focal points for which the entire campus would provide an elaborate frame. The final plan, however, saw the Mausoleum shifted just west of Palm Drive to its location near the present-day Arizona Cactus Garden, where the landscape provides a sheltered setting for Founder’s Day ceremonies and Halloween bacchanalia. The tomb, completed in 1889, cost more than $100,000 (about $2.3 million today).

What You Don’t Know About . . . The Mausoleum, Stanford Magazine

Looking up inside Richard Serra’s Sequence sculpture at Stanford.
Photo by Stephen Charles on Unsplash

Post by Marcelino Pantoja