Investment Intern (Hybrid)

Municipal Employees' Retirement System of Michigan•Lansing, MI

2d•Hybrid

About The Position

This is a part-time, 13-week summer internship program with a maximum of 20 hours per week. The intern must work in person at MERS’ Lansing, Michigan office at least two days per week, on Tuesdays and Wednesdays. Duties include supporting investment research, strategy and portfolio management, risk management, performance reporting, manager due diligence, and investment monitoring across public and private markets. The intern will also help prepare reports, review investment manager reports, maintain and audit performance data, take notes at meetings, and support filing and other ad hoc projects. The posting also mentions schedules of 12–20 hours per week for part-time work or 32–40 hours per week for full-time work, as determined at the time of hire. The stated program is part-time with a maximum of 20 hours per week.

Requirements

Progress toward or completion of a bachelor’s degree in liberal arts, finance, economics, or a related area.
Knowledge of basic financial concepts, asset class characteristics, accounting principles, and economics.
Skill with Microsoft Office and other business software, including Bloomberg.
Time and project management skills.
Ability to conduct independent research using a variety of resources.
Organization skills.
Oral and written presentation and communication skills.
Data analysis skills.
Attention to detail.
Ability to work within a team and independently on a self-directed basis.
Ability to proactively seek out assignments.
Ability to work in person at MERS’ office at least two days per week; Tuesdays and Wednesdays are required.

Nice To Haves

Active participation in at least one school-affiliated or professional organization focused on the financial or investment management industry.
Internship or work experience in an investment capacity.

Responsibilities

Research new investment strategies across public and private markets.
Assist Directors, Portfolio Managers, and Analysts in managing internal strategies.
Assist with portfolio risk management and preparation of performance reports.
Support asset class research, capital markets research, manager due diligence, and monitoring.
Complete ad hoc projects.
Attend virtual and in-person conference calls and meetings and take notes.
Acquire market insight through publications, subscriptions, economic research providers, and other financial publications.
Input and audit performance data for private market investments.
Proofread and verify the accuracy of information and data in MERS’ reports and publications.
Review monthly Investment Manager reports and report pertinent information to Investment Officers.
Prepare investment reports using Bloomberg and the custodian bank’s online system.
Assist with hard-copy and electronic filing.