Analyst

How to Apply

A 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 Summary

The 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 Do

Reporting 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 Are

The 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 Qualifications*

Bachelor'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 Qualifications*

Exposure to investment analysis

Modes of Work

Positions 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 the work modes.

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 Statement

The University of Michigan is an equal opportunity/affirmative action employer.

‍