Portfolio Manager II - Trust Investments

DTE Energy; Detroit (MI); Hybrid; USD 140,000 - 190,000; Full time

Job summary

DTE Trust Investments manages over $11B in assets and oversees investments across various pools including defined benefit pension trust, retiree healthcare trust, and other funds. The role focuses on developing strategy, asset allocation, and risk management for a diverse portfolio.

You will influence investment decisions and collaborate with external partners to enhance performance and governance. The position requires strong analytical skills, extensive investment experience, and the ability

Qualifications

• 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.
• MBA and at least 6 years of 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.
• Experience working with PowerPoint, Excel and Word.

Responsibilities

• 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.
• 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.

Skills

Analytical thinking

Communication

Education

Bachelor's degree in Business/Finance or related field

MBA

CFA/CAIA designation

Tools

PowerPoint

Excel

Word

Job description

Location: Detroit, MI, US

Job ID: 16636

DTE is one of the nation’s largest diversified energy companies. Our electric and gas companies have fueled our customer’s homes and Michigan’s progress for more than a century.And as Michigan’s largest source of renewable energy, we’re creating a cleaner, healthier environment to power our future. We’re also serving communities beyond Michigan, where our affiliated businesses offer renewable energy, emission control technologies, and energy services to industries in 19 states.

But we’re more than a leading energy company... and working at DTE is more than just a job.At DTE, we take great care of each other and our customers, and we use our energy to be a force for growth and prosperity in our communities. When you join us, you’ll be part of a team that welcomes, recognizes, and celebrates differences and values everyone’s health, safety, and wellbeing. Are you ready to make that kind of difference? Bring your energy to DTE.Together, we can achieve great things.

Testing Required: Not Applicable

Number of Positions: 1 Apply by: Until filled Location: Detroit - Walker Cisler Building

Bidding Restriction: 1 Year

Hybrid Role: This role is hybrid, with an established schedule of in-person work required at an assigned work location. Any remote work is expected to be performed from an employee’s primary residence, unless allowed (or prohibited) through the Company’s remote work guidelines.

Emergency Response: Yes – Must be available to perform a primary assignment in support of DTE’s emergency response to storms or other events that impact service to our customers.

Job Summary

DTE Trust Investments manages over $11B in assets including US/Global equities, fixed income, multi-asset/hedgefunds, and private markets (equity, credit, real estate). In addition to responsibility for the investment menu for DTE’s401(k) plan, there are 5 primary pools of assets Trust Investments has discretionary responsibility for including: definedbenefit pension trust, retiree healthcare trust (VEBA), nuclear decommissioning trust (NDT), executive benefit/rabbitrust, and DTE Energy Foundation Trust. This variety of asset pools with differing liability profiles provides exposure tothe 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 trustfunds managed as well as be responsible for owning a segment of the portfolio (e.g. public markets oralternatives/private markets). Responsibilities will also include contributing to overall portfolio strategy including itemssuch as asset allocation and risk management as well as opportunities for exposure to the operations behind theinvestment activities. Tasks are diversified, requiring strong analytical and technical skill and independent action isfrequently required in assignments. This role involves some responsibility for guiding the workflow of others in thegroup and outside service providers.

Span of Control: 0; Individual Contributor

Key Accountabilities

• 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.
• Serves as a senior member of the Trust Investments team.

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
• Experience working with PowerPoint, Excel and Word.

Other Qualifications

Preferred Qualifications

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

Other Qualifications

• 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.
• 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%)

Additional Information

Incumbents may engage in all or some combination of the activities and accountabilities and utilize a variety of the competencies cited in this description depending upon the organization and role to which they are assigned. This description is intended to describe the general nature and level of work performed by incumbents in this job. It is not intended as an all‑inclusive list of accountabilities or responsibilities, nor is it intended to limit the rights of supervisors or management representatives to assign, direct and control the work of employees under their supervision

At DTE Energy, we are committed to providing an inclusive workplace where everyone feels welcome and a sense of belonging. We seek individuals with a heart for service, a passion to help our communities prosper, and ideas to help shape the future of energy. We are proud to be an equal opportunity, employer that considers all qualified applicants without regard to race, color, sex, sexual orientation, gender identity, age, religion, disability, national origin, citizenship, height, weight, genetic information, marital status, pregnancy, protected veteran status or any other status protected by applicable federal and/or state laws.