Portfolio Manager II - Trust Investments

Job Summary

DTE Trust Investments manages over $11B in assets including US / Global equities, fixed income, multi-asset / hedge funds, and private markets (equity, credit, real estate).

In addition to responsibility for the investment menu for DTEs 401(k) plan, there are 5 primary pools of assets Trust Investments has discretionary responsibility for including : defined benefit pension trust, retiree healthcare trust (VEBA), nuclear decommissioning trust (NDT), executive benefit / rabbi trust, and DTE Energy Foundation Trust.

This variety of asset pools with differing liability profiles provides exposure to the development and implementation of investment strategy for a wide range of investor types as a part of one team.

This position will significantly contribute to the strategic direction of the Trust Investments organization and the trust funds managed as well as be responsible for owning a segment of the portfolio (e.

g. public markets or alternatives / private markets). Responsibilities will also include contributing to overall portfolio strategy including items such as asset allocation and risk management as well as opportunities for exposure to the operations behind the investment activities.

Tasks are diversified, requiring strong analytical and technical skill and independent action is frequently required in assignments.

This role involves some responsibility for guiding the workflow of others in the group and outside service providers.

Span of Control : 0; Individual Contributor

Key Accountabilities

• Serves as a senior member of the Trust Investments team.
• Leads and / or is a key contributor to asset allocation or asset-liability studies to determine the overall strategic asset allocation of each trust
• Responsible for all aspects of investment sourcing, underwriting, due diligence, and ongoing monitoring for assigned asset classes (typically more complex such as hedge funds and / or private markets) including compliance with all policies regarding documentation of these activities.
• Participates in the determination of appropriate benchmarks for performance and risk measurement and leads evaluation of investment managers risk and returns against policy objectives and benchmarks.

Includes recommendations for termination of managers when necessary.

• Develops and maintains relationships with top investment managers and the general institutional investment community to stay on top of trends and potentially enable access to top funds / managers.
• Independently leads legal reviews and negotiation of investment management agreements, contracts, and other documentation with the assistance of outside counsel.
• Performs periodic asset class reviews with assistance of external consultant and presents results to Investment Committee.
• Pro-actively identifies and researches new strategic initiatives and investment opportunities.
• Prepares, presents, and defends compelling, well-reasoned recommendations to Senior Management and the Investment Committee
• Leads periodic Requests for Proposals (RFPs) for external service providers as necessary.
• Represents the enterprise at investment industry events and with investment organizations.
• Supervises, coaches and mentors junior-level Trust Investments staff.

Minimum Education & Experience Requirements

Bachelor's degree in Business, Finance or other business-related or analytical / technical discipline and at least 8 years of experience in business / financial or quantitative analysis, inclusive of at least 6 years of investment experience OR

MBA and at least 6 years experience in business / financial or quantitative analysis inclusive of at least 6 years of investment experience

CFA / CAIA certification can count towards 2 years of investment experience requirement.

Other Qualifications

Preferred Qualifications

• MBA or advanced degree.
• CFA or CAIA designations, or progress towards designations.
• Experience managing investments as part of an asset owner organization (Pension, Endowment, Foundation, Family Office, etc.).
• Experience working with PowerPoint, Excel and Word.

Other Qualifications

• Strong focus on continuous Improvement, including desire to put in extra work so processes are more sustainable and error-free in the future.
• Advanced understanding of finance and financial markets, general knowledge of Employee Retirement Income Security Act (ERISA), aspects of risk, and investment portfolio theory.
• Ability to work independently on complex investment issues, including identifying proper resources to engage (external consultants, legal, tax, etc.

and driving toward resolution.

• Ability to work professionally with individuals at all levels of the corporation and with outside consultants and service providers, managing the work and budget.
• Team player that prioritizes the success of the team over their own individual success.
• Demonstrated proficiency in verbal and written communication, as well as the ability to present complex topics in an easy-to-understand way.
• Proficiency in verbal, written, and presentation skills.
• Interest in or experience with data science and / or relational databases is a plus.
• Strong analytical and problem-solving skills.
• Intellectual curiosity and interest in lifelong learning.
• PC proficiency, including experience with MS Office Products. Intermediate to advanced Excel skills.
• Strong focus on continuous improvement, including desire to put in work so processes are more sustainable and error-free in the future.
• Ability to travel for business purposes outside of the service area (Up to 10%)
30+ days ago