The University of Michigan Investment Office is seeking a dedicated, intellectually curious and collaborative individual with a strong desire to succeed to become a key member of its accomplished investment team.
A cover letter is necessary.
The successful candidate will be responsible for providing leadership in managing the portfolio. Specific responsibilities will be to:
Source, perform diligence on, and maintain a pipeline of compelling opportunities that could contribute meaningfully to the University’s investment portfolio.
Monitor and review the performance of investment managers.
Review and negotiate investment management agreements, partnership agreements, offering documents, subscription agreements, and other legal documents related to both public and private investments in conjunction with internal and external counsel.
Work with Investment Accounting staff to ensure proper accounting, performance measurement and compliance with procedures and policies.
Keep current on investment trends and contribute meaningfully to investment discussions and initiatives involving all investment classes in the university’s portfolio.
Help lead the research agenda, portfolio strategy, and portfolio construction process.
Support the continuing refinement and enhancement of analytical tools for performance reporting, benchmarking, risk reporting and cash flow forecasting.
Communicate effectively with both internal and external senior executives.
Represent the University of Michigan in a number of forums, including meetings of managers, fund advisory boards, and industry conferences.
A minimum of seven years of investment management or related experience with a track record of outstanding investment performance while demonstrating an awareness and sensitivity to risk/return tradeoffs and liquidity and spending constraints.
A thorough knowledge of portfolio management and a strong understanding of capital markets.
A deep understanding of the global universe of investment managers.
An ability to think critically and strategically with solid applied quantitative skills related to finance, statistics and modeling.
Strong oral and written communications skills.
A demonstrated ability to lead a team, execute strategy, achieve goals and to contribute effectively in a team environment.
A desire to establish positive working relationships demonstrating integrity and a high degree of ethical propriety.
This position requires a significant amount of travel, including travel outside the United States, for purposes of performing due diligence, investment manager monitoring and attending market related conferences.
Experience as an institutional investor with direct investment responsibility.
Founded in 1817, 20 years before the Michigan Territory became a state, the University of Michigan is the state's oldest university. Since then, alumni, parents, and friends have generously supported the University’s efforts to provide an unparalleled education for its students. The University is the second largest research school in the country and is one of four Universities with 100 programs ranked in the Top-10 nationally.
The University of Michigan is constitutionally autonomous from the State of Michigan and governed by the Board of Regents, which consists of eight members elected at large. The Regents serve without compensation for overlapping terms of eight years and have “general supervision of the institution and the control and direction of all expenditures from the institution's funds.”
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.
The University of Michigan is an equal opportunity/affirmative action employer.
Internal Number: 174815
About University of Michigan - Ann Arbor
A great university is made so by its faculty and staff, and Michigan is recognized as one of the best universities to work for in the country. The Michigan culture is known for engaging faculty and staff in all facets of the university to create a workplace that is vibrant and stimulating.For two consecutive years, the Chronicle of Higher Education has placed U-M in its "Great Colleges to Work For" survey. In particular, the university earns high marks for strong relations between faculty and administrators, a collaborative system of governance, strong pay and benefits, and a healthy work/life balance.