Investment Intern (Hybrid)
Municipal Employees' Retirement System of Michigan
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- Location
- Lansing, MI
- Work style
- On-site
- Job type
- Full time, Internship
- Posted
- Nov 6
- 2 days ago
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Career path
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About the company
Municipal Employees' Retirement System of Michigan
Financial services · 51 to 200 employees
What you'll do
- Conduct research on new investment strategies across both Public and Private Markets
- Assist with the management of internal strategies
- Assist with portfolio risk management and performance report preparation
- Support asset class research, capital markets research, manager due diligence, and monitoring
- Input and audit performance data for Private Market investments
- Prepare investment reports using Bloomberg and custodian bank’s online system
- Audit/read monthly Investment Manager reports and report pertinent information to Investment Officers
- Assist with hard copy and electronic filing
What you need
- Progress towards or completion of a bachelor’s degree in liberal arts, finance, economics, or a related area
- Be detail-oriented
- Work within a team and on a self-directed basis
- Occasionally lift and/or move up to 25 pounds
- Active participation in at least one school affiliated or professional organization centered on the financial or investment management industry (preferred)
- Internship or work experience in an investment capacity (preferred)
Key skills
Basic financial conceptsAsset class characteristicsAccounting principlesEconomicsBloombergTime and project managementIndependent researchOrganizationPresentation/communicationData AnalysisDetail-oriented
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Read the full posting here
Part-time, 13-week summer program with a maximum of 20 hours per week.
MUST BE ABLE TO COME INTO THE OFFICE 2 DAYS A WEEK located in Lansing, MI. Tuesdays and Wednesdays are REQUIRED.
Investment Duties
Conduct research on new investment strategies across both Public and Private Markets
Assist Directors, Portfolio Managers, and Analysts in the management of internal strategies
Assist Directors, Portfolio Managers, and Analysts with portfolio risk management and performance report preparation
Support Directors, Portfolio Managers, and Analysts in asset class research, capital markets research, manager due diligence, and monitoring
Ad hoc projects
Attend and take notes on conference calls, both virtual and in-person meetings
Acquire market insight through publications, subscriptions, and other means – WSJ, Financial Times, economic research providers, or other financial publications
Input and audit performance data for Private Market investments
Proofread and ensure accuracy of information and data contained in various MERS’ reports and publications
Other Duties
Audit/read monthly Investment Manager reports and report pertinent information to Investment Officers
Prepare investment reports using Bloomberg and custodian bank’s online system
Assist with hard copy and electronic filing
Available to work 12-20 hours per week (part-time schedule) or 32-40 hours per week (full-time schedule) as determined at time of hire.
Minimum Required Qualifications
Education:
Progress towards or completion of a bachelor’s degree in liberal arts, finance, economics, or a related area
Preferred Qualifications
Active participation in at least one school affiliated or professional organization centered on the financial or investment management industry
Internship or work experience in an investment capacity is a plus
Knowledge of:
Basic financial concepts
Asset class characteristics
Accounting principles
Economics
Skill in:
Microsoft Office and other business software (Bloomberg)
Time and project management
Independent research utilizing a variety of resources
Organization
Presentation/communication (oral and written)
Data Analysis
Ability to:
Be detail-oriented
Work within a team and on a self-directed basis
Proactively seek out assignments
Physical Requirements
The physical demands described here are representative of those that must be met by an employee to perform successfully the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear; taste or smell.
The employee must occasionally lift and/or move up to 25 pounds.
Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to focus
Working Conditions
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Location: All work of this position will be performed on site at MERS’ office or remote work location
Must be available to work in person at MERS’ office for a minimum of 2 days per week.
Weather: While performing the duties of this job, the employee is not exposed to weather conditions.
Noise: The noise level in the work environment is usually moderate.