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Senior Assistant Investment Manager 16

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Senior Assistant Investment Manager 16

Salary

$118,771.00 - $169,675.00 Annually

Location

East Lansing, MI

Job Type

Limited Term (position has expiration date)

Remote Employment

Flexible/Hybrid

Job Number

2701-25-14-21

Department

Treasury

Opening Date

07/24/2025

Closing Date

8/7/2025 11:59 PM Eastern

Bargaining Unit

NON-EXCLUSIVE REPRESENTED EMPLOYEE (NERE)

+ Description

+ Benefits

+ Questions

Job Description

* * This position offers the ability to work remotely three days per week with a Flexible/Hybrid work schedule. **

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 Assistant Investment Manager (SAIM), under the direction of a Senior Investment Manager (SIM), is responsible for assisting in the overall strategic planning, execution, and direction of the Real, Opportunistic and Absolute Return Division (ROAD) portfolio for the multibillion-dollar State of Michigan Retirement Systems (SMRS). The SAIM assists in the planning, direction, and execution of specific investment strategies and activities including, but not limited to, commingled funds, co-investment, and secondary investments to achieve the optimal rate of return possible within prudent levels of risk and liquidity. The SAIM reviews and evaluates the work of ROAD personnel to ensure conformance with general guidelines, methods, techniques, policies and laws, and to ensure optimal investments. Investment functions include managing his/her assigned investment portfolios, developing investment strategies, and making tactical asset allocation recommendations. Supervisory functions include approving leave, conducting service ratings, counseling employees, suspending or dismissing employees, participating in employee grievance procedures, and the hiring and training of personnel.

Our culture is driven by excellent customer service, continuous improvement, metrics, 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! To learn more about this position, review the position description below.

Review full position description here: Senior Assistant Investment Manager (SAIM) 16 (https://MCSC.state.mi.us/AgencyPDFs/SENAMGRA15N SAIM16 PD.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

Possession of 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

Two years of professional investment, financial and/or economic administration experience as a manager, program specialist, or staff specialist.

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 at the time of application may result in your application being screened out of the process.)

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), the Registrar's signature and/or seal, and must be recognized by the Council on Higher Education Accreditation (https://www.chea.org/search-institutions) (CHEA). A scanned or electronic copy is acceptable, as long as it contains the elements listed above. Failure to provide this evaluation at the time of application may result in you being screened out of the process. This documentation is REQUIRED; you can't be qualified for this position without it.

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 CHEA (https://www.chea.org/search-institutions) . 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.

Flexible/Hybrid Remote Work. This position is eligible to work remotely on Mondays, Thursdays, and Fridays, and must work onsite Tuesdays and Wednesdays with a Flexible/Hybrid work schedule. 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. Additionally, 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 tobeing appointed to the position. Relocation expenses are not reimbursed.

Travel. This position requires you to travel independently out-of-state and overnight as needed for work-related purposes utilizing airplanes, trains, cars, taxicabs, buses, ships, etc.

AI. The use of artificial intelligence (AI) software of any kind is prohibited in all areas of the selection process, including, but not limited to, responses to application questions, and responses to interview questions or exercises.

E-Verify. The Michigan Department of Treasury participates in E-Verify (https://www.e-verify.gov/employees/employee-rights-and-responsibilitieshttps://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. Interviews may occur virtually using Microsoft Teams. No prior experience with Teams is necessary, as instructions and tips will be provided to all candidates scheduled for an interview.

View the job specification at: Senior Assistant Investment Manager Job Specification (https://www.michigan.gov/mdcs/-/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. Please view Student Loan 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.

+ Yes

+ No

02

SENAMGR – Do you possess at least two years of professional investment, financial and/or economic administration experience as a manager, program specialist, or staff specialist?

+ Yes

+ No

03

Please select your bachelor's degree college major from the list below:

+ Business Administration

+ Accounting

+ Finance

+ Economics

+ Real Estate Management/Financing

+ Other

04

If you selected "Other" in the previous question, please identify your major in the box below. Note: If you do not possess a bachelor’s degree from the list above, you must possess a Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), Chartered Alternative Investment Analyst (CAIA), or Certified Treasury Professional (CTP) designation.

05

Do you possess any of the below designations? (Check all that apply).

+ Master's in Business Administration (MBA)

+ Chartered Financial Analyst (CFA)

+ Chartered Alternative Investment Analyst (CAIA)

+ Certified Public Accountant (CPA)

+ Certified Treasury Professional (CTP)

+ None

06

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

07

How many years of professional investment experience do you have?

+ None to less than one year

+ One to four years

+ Four to seven years

+ Seven to ten years

+ Ten years or more

08

How many years of professional investment experience do you have directly related to private equity (private equity, private credit, real assets, hedge funds)?

+ None to less than one year

+ One to four years

+ Four to seven years

+ Seven to ten years

+ Ten years or more

09

If you indicated you have experience in the previous question, please explain your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, enter N/A.

10

How many years of professional investment experience do you have directly related to Absolute Return strategies (private credit and hedge funds)?

+ None to less than one year

+ One to four years

+ Four to seven years

+ Seven to ten years

+ Ten years or more

11

If you indicated you have experience in the previous question, please explain your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, enter N/A.

12

How many years of professional investment experience do you have directly related to real asset strategies?

+ None to less than one year

+ One to four years

+ Four to seven years

+ Seven to ten years

+ Ten years or more

13

If you indicated you have experience in the previous question, please explain your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, enter N/A.

14

How many years of experience do you have managing a team of investment professionals?

+ None to less than one year

+ One to four years

+ Four to seven years

+ Seven to ten years

+ Ten years or more

15

If you indicated you have experience in the previous question, please explain your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, enter N/A.

16

How many years of experience do you have negotiating terms and conditions of investment partnerships?

+ None to less than one year

+ One to four years

+ Four to seven years

+ Seven to ten years

+ Ten years or more

17

If you indicated you have experience in the previous question, please explain your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, enter N/A.

18

Have you ever attended a General Partners Annual General Meeting (AGM)?

+ Yes

+ No

19

If you answered "Yes" in the previous question, please explain your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, enter N/A.

20

Have you ever participated on a Limited Partnership Advisory Board or Committee?

+ Yes

+ No

21

If you answered "Yes" in the previous question, please explain your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, enter N/A.

22

How many years of experience do you have building professional relationships?

+ None to less than one year

+ One to four years

+ Four to seven years

+ Seven to ten years

+ Ten years or more

23

If you indicated you have experience in the previous question, please explain your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, enter N/A.

24

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 before you are 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

25

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

26

Do you understand this job requires working onsite on Tuesdays and Wednesdays?

+ Yes

+ No

27

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

28

Did you attach a copy of your OFFICIAL college/university transcript(s) to your application and/or if applicable, your 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

Employer

State of Michigan

Department

Treasury

Address

[email protected]

430 West Allegan Street

Lansing, Michigan, 48922

Phone

517-335-7508

Website

https://www.michigan.gov/treasurycareers

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