Investment Analyst Intern
MUST BE LOCATED IN THE STATE OF MICHIGAN AND ABLE TO COME INTO THE OFFICE ONCE PER WEEK ON WEDNESDAYS. INTERNS TYPICALLY WORK 12 TO 18 HOURS PER WEEK.
General Description, Duties and Responsibilities
General Description
The Investment Analyst Intern assists Investment Analysts and Investment Officers in performing a full range of analytical assignments required to manage the assets of the system.
Duties and Responsibilities
Investment Duties
- Assist Directors, Portfolio Managers, and Analysts in the management of internal strategies
- Assist Directors, Portfolio Managers, and Analysts with portfolio risk management and report preparation
- Complete investment-related projects for the CIO and Portfolio Review Committee
- Conduct research on new investment strategies
- Support Directors, Portfolio Managers, and Investment Analysts in asset class research, capital markets research, manager due diligence, and monitoring
- Ad hoc projects
- Attend and take notes on conference calls and internal meetings
- Acquire market insight through publications, subscriptions, and other means – WSJ, Financial Times, GaveKal, 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
- Work 12-20 hours per week (32-40 in the summer)
20%
Minimum Required Qualifications
Education:
- Progress towards a Bachelor’s degree in liberal arts, finance, economics, or a related area is required
Preferred Qualifications
Internship or work experience in an investment capacity is a plus
Expertise
Knowledge of:
- Basic financial concepts
- Asset class characteristics
- Accounting principles
- Economics
Skill in:
- Microsoft Office and other business software
- Time and project management
- Internet research
- Organization
- Presentation/communication (oral and written)
Ability to:
- Be detail oriented
- Work within a team and on a self-directed basis
- Proactively seek out assignments
Briefly describe the types of decisions made by this position:
Conducts research/analysis and communicates findings to the Office of Investments team and Portfolio Review Committee who make the investment decisions for the MERS Total Portfolio. This position is closely supervised with little to no latitude to make independent decisions.
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 finger, 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 main office or remote work location.
- 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.