Portfolio Manager (Treasury Investment Specialist 13-15)

State of Michigan • East Lansing, MI

1d • Hybrid

About The Position

The Portfolio Manager makes recommendations to purchase, sell, or hold investments in companies or limited partnerships in specified industries and related 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. The role evaluates investment risks and returns through qualitative research—including meetings, conference calls, reading, and macroeconomic and microeconomic research—and quantitative financial modeling. It also contributes to asset-allocation recommendations and investment-manager selection, provides opinions and supports underwriting recommendations for assigned investments, and prepares reports to monitor fund performance and compliance with contract terms and applicable investment, compliance, and legal requirements.

This position is eligible for a flexible hybrid schedule for Michigan residents: remote work on Mondays, Thursdays, and Fridays, with onsite work on Tuesdays and Wednesdays. All work must be performed in Michigan; remote work is unavailable to people residing outside the state. Remote arrangements require management approval and may be changed or discontinued. The selected candidate must have a secure, private workspace and commercial cable or wireless broadband with minimum speeds of 25 Mbps download and 5 Mbps upload. Additional onsite work may be required.

The position requires independent out-of-state travel by various modes of transportation on evenings or weekends as needed, including possible domestic or international assignments and overnight or extended stays. The role is within the Michigan Department of Treasury's Bureau of Investments, whose culture emphasizes customer service, continuous improvement, employee development, teamwork, initiative, and diversity and inclusion.

Requirements

• Bachelor's degree in business administration, accounting, finance, economics, or real estate management/financing; alternatively, a bachelor's degree in any major and a Chartered Financial Analyst (CFA) designation may substitute for the education requirement.
• Four years of professional experience equivalent to a Treasury Investment Analyst P11. Qualifying professional experience must be post-bachelor's degree, and the position must require a bachelor's degree to be considered professional experience.
• All work must be performed in Michigan. Applicants residing outside Michigan must commute to Michigan to perform the duties at the assigned official work location.
• For remote work, maintain a secure, safe, private workspace that prevents distractions and secure, sufficient commercial cable or wireless broadband with minimum speeds of 25 Mbps download and 5 Mbps upload.
• Be able to undertake independent out-of-state work travel on evenings and/or weekends as needed, potentially including domestic and international travel and overnight or extended accommodations.
• Submit a cover letter, detailed resume, and official college transcript(s) and/or proof of an active CFA designation with the application; omission may result in screening out.
• Foreign academic credentials must be evaluated or converted into U.S. educational equivalents unless recognized by CHEA. Accepted evaluation organizations are NACES or AICE.

Responsibilities

• Recommend purchasing, selling, or holding investments in companies or limited partnerships in assigned industries and related fields for the SMRS venture capital portfolio.
• Manage one or more investment portfolios.
• Identify investment risk and return drivers through qualitative research, including meetings, conference calls, reading, and macroeconomic and microeconomic research, and through quantitative financial modeling.
• Play a lead role in asset-allocation recommendations and investment-manager selection.
• Provide opinions and support recommendations to underwrite assigned investments.
• Prepare assigned regular reports to monitor fund performance and compliance with contract terms and investment, compliance, and legal requirements.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level