Portfolio Manager (Treasury Investment Specialist 13-15)

State of Michigan•East Lansing, MI

4d•Hybrid

About The Position

This position offers the ability to work remotely three days per week with a Flexible/Hybrid work schedule. The Bureau of Treasury's Bureau of Investments is looking for a candidate who values continuous learning, teamwork, initiative, and a positive work environment that allows them to help others. This position is responsible for making recommendations for investment purchases, sales, and holds in companies or limited partnerships in one or more specific industries and other closely related business fields for the venture capital portfolio of the multi-billion dollar State of Michigan Retirement Systems (SMRS) pension fund and manages one or more investment portfolios. Management of such funds include making recommendations to buy, hold, or sell investments based upon identifying qualitatively (via meetings, conference calls, reading, macro/micro research) and quantitatively (financial modeling) the drivers of risk and return, as well as playing a lead role in asset allocation recommendations and investment manager selection. The position provides opinions and supports recommendations to underwrite assigned investments. The position prepares regular reports as assigned to assist in monitoring fund performance and compliance in accordance with specific contract terms, with a high level of knowledge of all investment performance, compliance and legal requirements. The culture is driven by excellent customer service, continuous improvement, and employee development. The Department of Treasury promotes and supports Diversity and Inclusion. This role is ideal for someone who enjoys working in a fast-paced, team-oriented environment that still offers a great work/life balance.

Requirements

Possession of a bachelor's degree in business administration, accounting, finance, economics, or real estate management/financing.
Four years of professional experience equivalent to a Treasury Investment Analyst P11.
Qualifying professional experience is only considered post-bachelor's degree.
A position is considered professional if the job requires a bachelor's degree.

Nice To Haves

Possession of a bachelor's degree in any major and a Chartered Financial Analyst (CFA) designation may be substituted for the education requirement.
Some positions may require designation as a Certified Commercial Investment Member (CCIM).

Responsibilities

Making recommendations for investment purchases, sales, and holds in companies or limited partnerships in one or more specific industries and other closely related business fields for the venture capital portfolio of the multi-billion dollar State of Michigan Retirement Systems (SMRS) pension fund.
Managing one or more investment portfolios.
Making recommendations to buy, hold, or sell investments based upon identifying qualitatively (via meetings, conference calls, reading, macro/micro research) and quantitatively (financial modeling) the drivers of risk and return.
Playing a lead role in asset allocation recommendations and investment manager selection.
Providing opinion and supporting recommendations to underwrite assigned investments.
Preparing regular reports as assigned to assist in monitoring fund performance and compliance in accordance with specific contract terms, with a high level of knowledge of all investment performance, compliance and legal requirements.