Portfolio Manager II - Trust Investments

DTE Energy•Detroit, MI

1d•Hybrid

About The Position

DTE is one of the nation’s largest diversified energy companies. Our electric and gas companies have fueled our customer’s homes and Michigan’s progress for more than a century. And as Michigan’s largest source of renewable energy, we’re creating a cleaner, healthier environment to power our future. We’re also serving communities beyond Michigan, where our affiliated businesses offer renewable energy, emission control technologies, and energy services to industries in 19 states. But we’re more than a leading energy company... and working at DTE is more than just a job. At DTE, we take great care of each other and our customers, and we use our energy to be a force for growth and prosperity in our communities. When you join us, you’ll be part of a team that welcomes, recognizes, and celebrates differences and values everyone’s health, safety, and wellbeing. Are you ready to make that kind of difference? Bring your energy to DTE. Together, we can achieve great things. DTE Trust Investments manages over $11B in assets including US/Global equities, fixed income, multi-asset/hedgefunds, and private markets (equity, credit, real estate). In addition to responsibility for the investment menu for DTE’s401(k) plan, there are 5 primary pools of assets Trust Investments has discretionary responsibility for including: definedbenefit pension trust, retiree healthcare trust (VEBA), nuclear decommissioning trust (NDT), executive benefit/rabbitrust, and DTE Energy Foundation Trust. This variety of asset pools with differing liability profiles provides exposure tothe development and implementation of investment strategy for a wide range of investor types as a part of one team.This position will significantly contribute to the strategic direction of the Trust Investments organization and the trustfunds managed as well as be responsible for owning a segment of the portfolio (e.g. public markets oralternatives/private markets). Responsibilities will also include contributing to overall portfolio strategy including itemssuch as asset allocation and risk management as well as opportunities for exposure to the operations behind theinvestment activities. Tasks are diversified, requiring strong analytical and technical skill and independent action isfrequently required in assignments. This role involves some responsibility for guiding the workflow of others in thegroup and outside service providers. Span of Control: 0; Individual Contributor

Requirements

Bachelor's degree in Business, Finance or other business-related or analytical / technical discipline and at least 8 years of experience in business/financial or quantitative analysis, inclusive of at least 6 years of investment experience OR
MBA and at least 6 years’ experience in business/financial or quantitative analysis inclusive of at least 6 years of investment experience
CFA/CAIA certification can count towards 2 years of investment experience requirement
Experience working with PowerPoint, Excel and Word.

Nice To Haves

MBA or advanced degree.
CFA, CAIA or CPA designations, or progress towards designations.
Experience managing investments as part of an asset owner organization (Pension, Endowment, Foundation, Family Office, etc.).
Advanced understanding of finance and financial markets, general knowledge of Employee Retirement Income Security Act (ERISA), aspects of risk, and investment portfolio theory.
Ability to work independently on complex investment issues, including identifying proper resources to engage (external consultants, legal, tax, etc.) and driving toward resolution.
Ability to work professionally with individuals at all levels of the corporation and with outside consultants and service providers, managing the work and budget.
Team player that prioritizes the success of the team over their own individual success.
Proficiency in verbal, written, and presentation skills.
Interest in or experience with data science and/or relational databases is a plus.
Strong analytical and problem-solving skills.
Intellectual curiosity and interest in lifelong learning.
PC proficiency, including experience with MS Office Products. Intermediate to advanced Excel skills.
Strong focus on continuous improvement, including desire to put in work so processes are more sustainable and error-free in the future.
Ability to travel for business purposes outside of the service area (Up to 10%)

Responsibilities

Leads and/or is a key contributor to asset allocation or asset-liability studies to determine the overall strategic asset allocation of each trust.
Responsible for all aspects of investment sourcing, underwriting, due diligence, and ongoing monitoring for assigned asset classes (typically more complex such as hedge funds and/or private markets) including compliance with all policies regarding documentation of these activities.
Participates in the determination of appropriate benchmarks for performance and risk measurement and leads evaluation of investment managers’ risk and returns against policy objectives and benchmarks. Includes recommendations for termination of managers when necessary.
Develops and maintains relationships with top investment managers and the general institutional investment community to stay on top of trends and potentially enable access to top funds/managers.
Independently leads legal reviews and negotiation of investment management agreements, contracts, and other documentation with the assistance of outside counsel.
Performs periodic asset class reviews with assistance of external consultant and presents results to Investment Committee.
Pro-actively identifies and researches new strategic initiatives and investment opportunities.
Prepares, presents, and defends compelling, well-reasoned recommendations to Senior Management and the Investment Committee
Leads periodic Requests for Proposals (RFPs) for external service providers as necessary.
Represents the enterprise at investment industry events and with investment organizations.
Serves as a senior member of the Trust Investments team.