Portfolio Manager (Treasury Investment Specialist 13-15)

State of Michigan•East Lansing, MI

1d•Hybrid

About The Position

This position offers the ability to work remotely three days per week with a Flexible/Hybrid work schedule. Are you looking for a career that offers support and resources for continuous learning, a culture that promotes teamwork and initiative, and a positive work environment that allows you to help others? If so, then Treasury's Bureau of Investments is also looking for you! This Treasury Investment Specialist position is responsible for assisting the Fixed Income Division (FID) with management of the fixed income portfolios of the multi-billion dollar State of Michigan Retirement System (SMRS) pension fund. Responsibilities include assisting in the development of investment strategies, portfolio management, and oversight for a significant portion of division assets under management. The investment objective will be to improve the risk-adjusted investment performance of the division portfolio. The Investment Specialist will focus on investment opportunities that exist both within and outside of the traditional core fixed income opportunity set. Such opportunities will include, but are not limited to, internally and externally managed strategies that focus on securities within the Bloomberg U.S. Aggregate Bond Index along with structured credit opportunities or other securities that exist outside of the constraints of the index universe. Our culture is driven by excellent customer service, continuous improvement, and employee development. The Department of Treasury promotes and supports Diversity and Inclusion. If you enjoy working in a fast-paced, team-oriented environment that still offers a great work/life balance, we encourage you to apply!

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.
Must attach a cover letter, detailed resume, and a copy of your OFFICIAL college transcript(s) and/or your active CFA designation to your application.
Foreign Transcripts: Applicants who possess a degree from a foreign college or university MUST have their academic credentials evaluated or converted into U.S. educational equivalents unless the degree has been recognized by the Council on Higher Education Accreditation (CHEA).
The selected candidate must have a secure, safe and appropriate designated workspace that allows privacy and prevents distractions to perform the duties of this position.
The selected candidate must have secure and sufficient internet access of commercial cable or wireless broadband with minimum speeds of 25 Mbps download and 5 Mbps upload.
Work must be performed in the state of Michigan. If you currently reside outside of Michigan, you must relocate to Michigan to perform the duties of this position prior to being appointed to the position.
This position requires independent out-of-state travel utilizing airplanes, trains, cars, taxicabs, buses, ships, etc. on evenings and/or weekends, as needed, for work-related purposes, which may include domestic and international assignments, with overnight or extended accommodations as necessary.

Nice To Haves

Possession of 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

Assisting the Fixed Income Division (FID) with management of the fixed income portfolios of the multi-billion dollar State of Michigan Retirement System (SMRS) pension fund.
Assisting in the development of investment strategies.
Portfolio management.
Oversight for a significant portion of division assets under management.
Focusing on investment opportunities that exist both within and outside of the traditional core fixed income opportunity set.
Focusing on internally and externally managed strategies that focus on securities within the Bloomberg U.S. Aggregate Bond Index along with structured credit opportunities or other securities that exist outside of the constraints of the index universe.