Investment Analyst IntermediateApply NowHow to ApplyA cover letter is required for consideration for the this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline your skills and experience that directly relate to this position. Transcripts and references are also required.Job SummaryThe University of Michigan Investment Office is looking for an intellectually curious and collaborative person with a desire to succeed to become a member of its accomplished investment team for a two-year tenure as an Investment Analyst.What You'll DoReporting to a senior member of the investment team, this entry-level Investment Analyst will provide support and assistance for the oversight and management of the university's investment portfolios by helping with portfolio analysis, operational projects, and manager due diligence. This position is designed for a tenure of 2 years with a salary of $85,000. There is also a 5% bonus structure in place with the opportunity to achieve 10% for a highly successful candidate.Who We AreThe University of Michigan Investment Office is responsible for directing and overseeing the investment of the University's $19+ billion of financial reserves, which includes the 9th largest university endowment. The Investment Office staff works with many of the top investment managers globally to provide the financial resources necessary to ensure the long-term success of one of the world's great teaching and research institutions.Why Work at Michigan?In addition to a career filled with purpose and opportunity, The University of Michigan offers a comprehensive benefits package to help you stay well, protect yourself and your family and plan for a secure future. Benefits include:
A retirement plan that provides two-for-one matching contributions with immediate vesting
Many choices for comprehensive health insurance
Life insurance
Long-term disability coverage
Flexible spending accounts for healthcare and dependent care expenses
Generous time off
Responsibilities
Prepare investment reports on performance, asset allocation, and risk characteristics of portfolios
Conduct investment research as directed
Assist the team with manager due diligence, including initial screening of investment managers; participating in meetings with the managers; quantitative performance analysis and qualitative due diligence; and participating in internal discussions that lead to an investment recommendation
Provide support for monitoring managers, performance analysis, staffing, and compliance with guidelines
Liaison with consultants and custodian bank staff, as needed
Support coordinated work between the investment and operations teams
Identify and resolve standard investment accounting, performance measurement, and compliance issues
Initiate fund transfers and monitor fund additions, withdrawals, and distributions, as directed
Some travel may be required
Required QualificationsBachelor's degree; an understanding of and interest in investing; strong quantitative, written, and verbal skills; a proven ability to create and use complex financial models, including spreadsheets; a demonstrated attention to detail and a collaborative work style. An analytical skills test (up to 2 hours allowed) will be required as part of the interview process.Desired QualificationsExposure to investment analysisModes of WorkPositions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about thework modes (https://hr.umich.edu/working-u-m/my-employment/ways-we-work-resource-center/ways-we-work-implementation-group/modes-work) .Onsite work is required during the first six months of employment in the role. Upon satisfactory performance during the first six months, a hybrid work arrangement may be an option. Hybrid work requires team member to be onsite at least 50% of the month.U-M EEO/AA StatementThe University of Michigan is an equal opportunity/affirmative action employer.Job DetailJob Opening ID257196Working TitleInvestment Analyst IntermediateJob TitleInvestment Analyst InterWork LocationAnn Arbor CampusAnn Arbor, MIModes of WorkOnsiteHybridFull/Part TimeFull-TimeRegular/TemporaryRegularFLSA StatusExemptOrganizational GroupInvestment OfficeDepartmentChief Investment Officer (CIO)Posting Begin/End Date11/21/2024 - 12/22/2024Salary$85,000.00 - $85,000.00Career InterestFinanceApply Now
