JOB SEARCH REPORT
To: Chris Tusa
From: Sarah McLachlan
Subject: Job Search
Date: November 13, 2001
For this part of the
assignment I decided to research two companies: New Jersey Economic Development
Authority and Litman/Gregory Asset Management.
COMPANY #1- NEW JERSEY
ECONOMIC DEVELOPMENT AUTHORITY (http://www.njeda.com)
New Jersey Economic
Development Authority is a financial company that specializes in helping
businesses in New Jersey gain capital. Started in 1974, NJEDA has
provided more than $14 billion to businesses and not-for-profit organizations
in New Jersey. NJEDA will work with and has worked with any type
of business from a sole proprietorship to worldwide corporations.
They offer over twenty different programs that specialize the needs of
A position is being
offered for a financial officer. Duties of this position will consist
of the following: gathering information necessary to properly analyze applicant's
qualification for a loan under various EDA programs, monitoring loan portfolios
for compliance with loan covenants, reporting financial statements and
delinquencies, and many other tasks. To qualify for this job you
will need to have a bachelor’s degree with an emphasis in Finance, be proficient
in WordPerfect and Lotus 123 for Windows, and have the ability to present
information regarding EDA programs to the public in a professional and
COMPANY #2- LITMAN/GREGORY
Management is a financial corporation based in Orinda, CA. It is
one company in a group of companies including Litman/Gregory Fund Advisors
and Litman/Gregory Research, Inc. Started in 1987, its mission is
to “provide excellence in investment management based upon a foundation
of rigorous research, discipline and personal service.” Litman/Gregory
Asset Management offers financial services to wealthy peoples, family groups
and institutions. Some of the clients include major 3 financial corporation
CEO’s, public companies and owners of professional sports franchises.
A position is being
offered for a Portfolio Administrator. Some of the specific duties
of this job include the following: downloading daily transactions and positions
from broker-dealer websites and reconciling accounts, assisting with placing
mutual fund trades in client accounts, engaging in client service activities,
running monthly reconciliation reports, and opening new accounts at brokerage
firms. Qualifications for hiring include at least a bachelor’s degree
in finance or a related field, 3-4 years prior job experience and knowledge
of Advent Axys or equivalent portfolio accounting software, MS Word, Excel,
and Access or their equivalents. At Litman/Gregory, they are looking for
a broadly educated individual to be detail-oriented, have excellent interpersonal
skills and be able to take immediate “ownership” of his or her work.
After researching these
two companies, I feel I have gained a lot of information about them both.
I find the available position at Litman/Gregory Asset Management to be
more attractive than the position at NJEDA for two reasons. First,
I find the idea of having a person as a client rather than a business much
more appealing. I hope to be able to help people with my work.
Also, I have family in California and have always wanted to live there.
I believe that starting a career and raising a family would be much more
satisfying in California than in New Jersey.