Job Information
State of Michigan Senior Investment Manager 18 (Division Administrator) in East Lansing, Michigan
Senior Investment Manager 18 (Division Administrator)
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Senior Investment Manager 18 (Division Administrator)
Salary
$167,229.00 - $238,898.00 Annually
Location
East Lansing, MI
Job Type
Permanent Full Time
Remote Employment
Flexible/Hybrid
Job Number
2701-25-14-6
Department
Treasury
Opening Date
12/05/2024
Closing Date
12/19/2024 11:59 PM Eastern
Bargaining Unit
NON-EXCLUSIVE REPRESENTED EMPLOYEE (NERE)
Description
Benefits
Questions
Job Description
The Bureau of Investments (BOI) within the Michigan Department of Treasury is looking for a dynamic leader who has excellent leadership skills, strategic planning abilities, high ethical standards, and a positive attitude to join their team. If you possess these characteristics and are interested in becoming part of an exciting and fulfilling work environment, working with a diverse group of people to accomplish goals, then this is the job for you!
The Senior Investment Manager of the Venture Capital (VC) Division is responsible for the overall planning and direction of the research, analysis and investment of the venture capital, growth equity, and related co-investment portfolios for the multi-billion dollar State of Michigan Retirement Systems (SMRS) fund. Position formulates short and long term portfolio strategies, policies and guidelines in conjunction with the Bureau’s Chief Investment Officer and Director of Investments-Private Markets. Position reviews and evaluates the work of the division staff and the performance of the portfolios. Position will also be responsible for hiring of division personnel. Vigilant surveillance and assessment of economic, market and company trends are required.
Our culture is driven by excellent customer service, continuous improvement, diversity, inclusion, and employee development. If you value these characteristics and enjoy working in a fast-paced, collaborative environment that offers a great work-life balance, we encourage you to apply!
View full position description here: Senior Investment Manager 18 (https://MCSC.state.mi.us/AgencyPDFs/SENIMGRA08N 25-14-6 Posting.pdf)
Treasury Careers - Learn more about why Treasury is a Great Place to Work!
Required Education and Experience
Education
Possession of a bachelor’s degree in business administration, accounting, finance, economics, real estate management/financing, or a related field; or a bachelor’s degree in any major and a Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), Chartered Alternative Investment Analyst (CAIA), or Certified Treasury Professional (CTP) designation.
Experience
Four years of professional investment, financial and/or economic administration experience as a manager, program specialist, or staff specialist; OR two years of experience as a Senior Assistant Investment Manager.
Note: A position is considered professional if the job requires a bachelor's degree. Qualifying experience is counted post bachelor's degree .
Additional Requirements and Information
Please attach a cover letter, detailed resume, and a copy of your OFFICIAL college transcript(s) to your application . (Failure to do so may result in your application being screened out.)
Official Transcripts: For our purposes, "official college transcripts" must contain the college/university name and address, the degree conferred, and date granted, coursework completed (especially if no degree granted), and the Registrar's signature and/or seal. A scanned or electronic copy is acceptable, as long as it contains the elements listed above. Review more information regarding official transcripts. (https://www.michigan.gov/documents/mdcs/OfficialTranscript_693831_7.pdf)
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). Go to evaluators (https://www.naces.org/members) for a list of accepted organizations that evaluate foreign credentials. Failure to provide this evaluation at the time of application may result in you being screened out of the process.
Remote Work: This position is eligible to work remotely on Mondays, Thursdays, and Fridays , and must work onsite Tuesdays and Wednesdays. Selected candidate must have a safe and appropriate designated workspace or workstation for performance of work and 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 positionprior tobeing appointed to the position. Relocation expenses are not reimbursed.
The Michigan Department of Treasury participates in E-Verify (https://www.e-verify.gov/employees/employee-rights-and-responsibilities) and will provide the federal government with your form I-9 information to confirm that you are authorized to work in the U.S
Interviews may occur virtually using Microsoft Teams. No prior experience with Teams is necessary. Instructions and tips will be provided to all candidates scheduled for an interview using Microsoft Teams.
View the job specification at:https://www.michigan.gov/-/media/Project/Websites/mdcs/JOBSPECS/S/SeniorTreasuryInvestmentSeries.pdf
The Michigan Department of Treasury is proud to be recognized at the Gold Level as a Veteran-Friendly Employer.
Accommodations
If you require a reasonable accommodation to participate in the application or selection processes, please contact theADA coordinator (https://www.michigan.gov/ose/-/media/Project/Websites/ose/Contact/RACs.pdf) for the agency that posted this position vacancy.
State employment also offers rewarding careers where you can help Michiganders enjoy better lives. Many State of Michigan jobs offer alternate work schedules and remote-work options that can help give the flexibility you need. The State of Michigan has been recognized as a leading U.S. employer by new graduates from 2021-2023 and a best large U.S. and state employer. Recognized on the international stage for fostering positive employee engagement, the State of Michigan is a past recipient of a North America Government Agency Employees Engagement Award.
More details on benefits for our new hires are below:
Rewarding Work:State of Michigan jobs allow you to serve Michiganders in many different ways depending on your interests and skills. Help preserve and protect our environment and the public health; enforce state laws and regulations; advocate for children, families, and victims of discrimination; support our state’s military and veterans; rebuild our state’s infrastructure; or support other state agencies through our fiscal, IT, and HR systems.
Insurance Benefits:The State of Michigan offers health, mental health, dental, and vision insurance to eligible career employees, their spouses, and their children. The state also covers a life-insurance benefit of two times employees’ annual salary (up to $200,000). The state also offers long-term-disability insurance that can provide continuing benefits if an injury or illness prevents employees from working. More information is available at www.mi.gov/employeebenefits.
Retirement Programs:The State of Michigan offers 401(k) and 457 plans for new hires to save for retirement. The state will automatically contribute an amount equal to 4% of your pay to a 401(k) account. The state will also match up to 5% of your pay if you contribute to your 401(k) account. Your contributions vest immediately, and the state’s contributions fully vest after just 4 years. More information is available athttp://www.mi.gov/orsstatedc.
Vacation and Sick Leave:Eligible full-time employees receive between15 and 35 personal daysand 13 sick daysper year that may be rolled over to the following year if not used. Eligible employees also receive an additional day each year for community service or school functions.
Paid Parental Leave:Eligible employees can take 12 weeks of paid leaveimmediately after a birth or adoption to allow needed time together at home with a new child.
Paid Holidays:Eligible employees receive 13 or 14 paid holidays each year including New Year’s Eve and Day, Martin Luther King Jr. Day, Presidents’ Day, Memorial Day, Juneteenth, the Fourth of July, Labor Day, Election Day, Veterans Day, Thanksgiving, Thanksgiving Friday, Christmas Eve and Day.
Bonus Programs:Eligible employees with five years of service also receive annual longevity bonuses that grow as seniority increases. Some positions also may qualify for recruitment, retention, and performance bonuses or other special pay premiums.
Military Pay Differential:Employees in the guard or reserves may also qualify for supplemental pay benefits if miliary pay during qualifying duty is less than normal state pay. Prior military service may also allow seniority credits to accelerate eligibility for longevity bonuses and additional personal leave accrual.
Tax-Advantaged Programs:In addition to 401(k) and 457 retirement accounts, the state also offers flexible spending account (FSA), health savings account (HSA), and qualified transportation fringe benefit (QTFB) programs that can help you save money by reducing your taxable income.
Student Loan Forgiveness:Working for the State of Michigan may allow you to participate in programs that forgive the balance of qualifying student loans. Information (https://studentaid.gov/manage-loans/forgiveness-cancellation) to help determine if you could qualify is available from the U.S. Department of Education.
Tuition Reduction:Some colleges and universities offer savings to eligible employees and family members to further their education while working for the State of Michigan.
Professional Development: To help develop your career, programs are available to apply for reimbursement of up to $2,000 a year for education and training for college course credits and non-degree programs.
Alternative and Remote Work Schedules:Depending on the nature of their duties, many state jobs offer flexible work schedules and remote or hybrid telecommuting options that can help obtain the work-life balance that you seek.
Great Lakes and Great Times:Michigan boasts four Great Lakes, 11,000 inland lakes, 36,000 miles of rivers and streams, 20 million acres of forests, 100 state and national parks and recreation areas, 1,300 miles of bike trails, 6,500 miles of snowmobile trails, the second-most ski areas in the nation, 650 public golf courses, 600 campgrounds, and an international dark-sky park—just for starters. Our cities offer concerts and cultural events, storied sports teams, education hubs, vibrant downtowns, one-of-a-kind craft beverages, and renowned restaurants for every appetite. From urban centers to beach towns to the great outdoors, the opportunities are endless. With your state salary and benefits and Michigan’s affordable cost of living, you can explore all that Michigan has to offer.
Updated: 2/28/24
01
SENIORTIN – Do you possess one of the following? A bachelor's degree or higher in business administration, accounting, finance, economics, or real estate management/financing. OR A bachelor's degree or higher in any major and a Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), Chartered Alternative Investment Analyst (CAIA), or Certified Treasury Professional (CTP) designation? If so, please attach a copy of your official college transcripts and active designation.
Yes
No
02
If you answered "Yes" to the previous question, please identify any active designations you have. Check all that apply.
Chartered Financial Analyst (CFA)
Certified Public Accountant (CPA)
Chartered Alternative Investment Analyst (CAIA)
Certified Treasury Professional (CTP)
N/A
03
SENIMGR – Do you possess at least four years of professional investment, financial and/or economic administration experience as a manager, program specialist, or staff specialist; OR two years of experience as a Senior Assistant Investment Manager 16?
Yes
No
04
From the options below, which accurately describes your current employment status? (A current State employee works for an actual State Department such as Department of Technology, Management and Budget (DTMB) or Department of Labor & Economic Opportunity (LEO) etc.)
Not a State of Michigan employee (never been employed at the State)
A current Department of Treasury employee
A current State of Michigan (non-Treasury) employee
A previous State of Michigan employee
05
How many years of professional investment experience do you have?
No experience
Less than one year
One to four years
Four to seven years
Seven to ten years
Ten years or more
06
If you indicated you have experience in the previous question, describe your experience. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If you have no experience, enter N/A.
07
How many years of professional investment experience do you have directly related to private markets (private equity, venture capital, private credit, real assets, hedge funds)?
No experience
Less than one year
One to four years
Four to seven years
Seven to ten years
Ten years or more
08
If you indicated you have experience in the previous question, describe your experience. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If you have no experience, enter N/A.
09
•How many years of professional investment experience do you have directly related to venture capital and/or growth equity?
No experience
Less than one year
One to four years
Four to seven years
Seven to ten years
Ten years or more
10
If you indicated you have experience in the previous question, describe your experience. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If you have no experience, enter N/A.
11
How many years of experience do you have managing a team of investment professionals?
No experience
Less than one year
One to four years
Four to seven years
Seven to ten years
Ten years or more
12
If you indicated you have experience in the previous question, briefly describe your management experience, your management style, and the number of investment professional you managed. This experience should be clearly documented in your application material. If you have no experience, enter N/A.
13
How many years of experience do you have negotiating terms and conditions of investment partnerships?
No experience
Less than one year
One to four years
Four to seven years
Seven to ten years
Ten years or more
14
If you indicated you have experience in the previous question, describe your experience. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If you have no experience, enter N/A.
15
How many years of experience do you have building professional relationships?
No experience
Less than one year
One to four years
Four to seven years
Seven to ten years
Ten years or more
16
If you indicated you have experience in the previous question, describe your experience. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If you have no experience, enter N/A.
17
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 be appointed to the position. Relocation expenses are not reimbursed. Do you currently reside in Michigan or if offered the position, would plan to relocate to Michigan?
Yes
No
18
Out of State and overnight travel is required in this position; are you able to travel independently, utilizing airplanes, trains, cars, taxicabs, buses, ships, etc.?
Yes
No
19
Do you understand this job requires working onsite on Tuesdays and Wednesdays?
Yes
No
20
Did you attach your cover letter and detailed resume to your application? (Failure to do so may result in your application being screened out.)
Yes
No
21
Did you attach a copy of your OFFICIAL college/university transcript(s) to your application, and/or, if applicable, your active CFA, CPA, CAIA, or CTP designation? (Failure to do so may result in your application being screened out.) This documentation is REQUIRED; you can't be qualified for this position without it.
Yes
No
Required Question
Agency
State of Michigan
Department
Treasury
Address
TreasuryOHR@michigan.gov
430 West Allegan Street
Lansing, Michigan, 48922
Phone
517-335-7508
Website
https://www.michigan.gov/treasurycareers
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