Portfolio Manager (Treasury Investment Specialist 13-15)

Portfolio Manager (Treasury Investment Specialist 13-15)

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Portfolio Manager (Treasury Investment Specialist 13-15)

Salary

$34.88 - $65.69 Hourly

Location

East Lansing, MI

Job Type

Permanent Full Time

Remote Employment

Flexible/Hybrid

Job Number

2701-26-14-17

Department

Treasury

Opening Date

06/12/2026

Closing Date

6/26/2026 11:59 PM Eastern

Bargaining Unit

NON-EXCLUSIVE REPRESENTED EMPLOYEE (NERE)

• Description

• Benefits

• Questions

Job Description

• • This position offers the ability to work remotely three days per week with a Flexible/Hybrid work schedule. **

Are you looking for a career that offers support and resources for continuous learning, a culture that promotes teamwork and initiative, and a positive work environment that allows you to help others? If so, then Treasury's Bureau of Investments is also looking for you!

This Treasury Investment Specialist position is responsible for assisting the Fixed Income Division (FID) with management of the fixed income portfolios of the multi-billion dollar State of Michigan Retirement System (SMRS) pension fund. Responsibilities include assisting in the development of investment strategies, portfolio management, and oversight for a significant portion of division assets under management. The investment objective will be to improve the risk-adjusted investment performance of the division portfolio. The Investment Specialist will focus on investment opportunities that exist both within and outside of the traditional core fixed income opportunity set. Such opportunities will include, but are not limited to, internally and externally managed strategies that focus on securities within the Bloomberg U.S. Aggregate Bond Index along with structured credit opportunities or other securities that exist outside of the constraints of the index universe.

Our culture is driven by excellent customer service, continuous improvement, and employee development. The Department of Treasury promotes and supports Diversity and Inclusion. If you enjoy working in a fast-paced, team-oriented environment that still offers a great work/life balance, we encourage you to apply!

To learn more, review the position descriptions below:

Treasury Investment Specialist 13 ( ($34.88 - $50.60)

Treasury Investment Specialist 14 ( ($40.18 - $58.00)

Treasury Investment Specialist 15 ( ($44.48 - $65.69)

The "Salary" listed above is a range that reflects the minimum and maximum rate at the 13, 14, and 15 level. Candidates will be reviewed to determine what level they are qualified for based on education and professional experience.

Department of Treasury Careers ( - Learn more about why Treasury is a Great Place to Work!

Required Education and Experience

Education

Possession of a bachelor's degree in business administration, accounting, finance, economics, or real estate management/financing.

Experience

Four years of professional experience equivalent to a Treasury Investment Analyst P11.

Please Note: Qualifying professional experience is only considered post-bachelor's degree . A position is considered professional if the job requires a bachelor's degree.

View the job classification specification at: Treasury Investment Specialist Job Specification (

Alternate Education and Experience

Alternate Education

Possession of a bachelor's degree in any major and a Chartered Financial Analyst (CFA) designation may be substituted for the education requirement.

Special Requirements, Licenses, and Certifications

Certain positions may be assigned subclass codes and individuals appointed must possess the required specialized experience. Some positions may require designation as a Certified Commercial Investment Member (CCIM).

Additional Requirements and Information

Please attach a cover letter, detailed resume, and a copy of your OFFICIAL college transcript(s) and/or your active CFA designation to your application . Failure to do so may result in your application being screened out.

Official Transcripts. For our purposes, "official college transcripts" must contain the applicant's name, college/university name and address, the degree conferred, and date granted, coursework completed (especially if no degree granted), the Registrar's signature and/or seal, andMUSTbe recognized by the Council on Higher Education Accreditation ( (CHEA). A scanned or electronic copy is acceptable, as long as it contains the elements listed above. Failure to provide this evaluation at the time of application may result in you being screened out of the process.

Foreign Transcripts: Applicants who possess a degree from a foreign college or universityMUSThave their academic credentials evaluated or converted into U.S. educational equivalents unless the degree has been recognized by theCouncil on Higher Education Accreditation ( (CHEA). Civil Service accepts evaluations of foreign credentials fromNational Association of Credential Evaluation Services (NACES) ( or theAssociation of International Credential Evaluators, Inc. (AICE) ( .Failure to provide this evaluation at the time of application may result in you being screened out of the process.

Remote Work. This position is eligible to work remotely on Mondays, Thursdays, and Fridays, and must work onsite Tuesdays and Wednesdays. The selected candidate must have a secure, safe and appropriate designated workspace that allows privacy and prevents distractions to perform the duties of this position. Additionally, the selected candidate must have secure and sufficient internet access of commercial cable or wireless broadband with minimum speeds of 25 Mbps download and 5 Mbps upload. Note: Additional onsite work may be required. Remote work arrangements are subject to management approval and may be adjusted or discontinued at any time.

Work must be performed in the state of Michigan. If you currently reside outside of Michigan, you must relocate to Michigan to perform the duties of this positionpriorto being appointed to the position. Relocation expenses are not reimbursed.

Travel. This position requires independent out-of-state travel utilizing airplanes, trains, cars, taxicabs, buses, ships, etc. on evenings and/or weekends, as needed, for work-related purposes, which may include domestic and international assignments, with overnight or extended accommodations as necessary.

Interviews. Interviews may occur virtually using Microsoft Teams. No prior experience with Teams is necessary, as instructions and tips will be provided to all candidates scheduled for an interview.

E-Verify. The Michigan Department of Treasury participates in E-Verify ( and will provide the federal government with your form I-9 information to confirm that you are authorized to work in the U.S.

AI. The use of artificial intelligence (AI) software is prohibited. If it is substantiated that AI was used in the process, your application may be removed from consideration.

Interviews. Interviews may occur virtually using Microsoft Teams. No prior experience with Teams is necessary, as instructions and tips will be provided to all candidates scheduled for an interview.

Note: Your application for this position does not guarantee you will be contacted by the Department for further consideration. Only those applicants interviewed will be notified of the results; however, all applicants can view their application status in their NEOGOV profile.

The Michigan Department of Treasury is proud to be recognized at the Gold Level as a Veteran-Friendly Employer.

Accommodations

If you require a reasonable accommodation to participate in the application or selection processes, please contact theADA coordinator ( for the agency that posted this position vacancy.

State employment also offers rewarding careers where you can help Michiganders enjoy better lives. Many State of Michigan jobs offer alternate work schedules and remote-work options that can help give the flexibility you need. The State of Michigan has been recognized as a leading U.S. employer by new graduates from 2021-2023 and a best large U.S. and state employer. Recognized on the international stage for fostering positive employee engagement, the State of Michigan is a past recipient of a North America Government Agency Employees Engagement Award.

More details on benefits for our new hires are below:

Rewarding Work:State of Michigan jobs allow you to serve Michiganders in many different ways depending on your interests and skills. Help preserve and protect our environment and the public health; enforce state laws and regulations; advocate for children, families, and victims of discrimination; support our state’s military and veterans; rebuild our state’s infrastructure; or support other state agencies through our fiscal, IT, and HR systems.

Insurance Benefits:The State of Michigan offers health, mental health, dental, and vision insurance to eligible career employees, their spouses, and their children. The state also covers a life-insurance benefit of two times employees’ annual salary (up to $200,000). The state also offers long-term-disability insurance that can provide continuing benefits if an injury or illness prevents employees from working. More information is available at

Retirement Programs:The State of Michigan offers 401(k) and 457 plans for new hires to save for retirement. The state will automatically contribute an amount equal to 4% of your pay to a 401(k) account. The state will also match up to 5% of your pay if you contribute to your 401(k) account. Your contributions vest immediately, and the state’s contributions fully vest after just 4 years. More information is available at

Vacation and Sick Leave:Eligible full-time employees receive between15 and 35 personal daysand 13 sick daysper year that may be rolled over to the following year if not used. Eligible employees also receive an additional day each year for community service or school functions.

Paid Parental Leave:Eligible employees can take 12 weeks of paid leaveimmediately after a birth or adoption to allow needed time together at home with a new child.

Paid Holidays:Eligible employees receive 13 or 14 paid holidays each year including New Year’s Eve and Day, Martin Luther King Jr. Day, Presidents’ Day, Memorial Day, Juneteenth, the Fourth of July, Labor Day, Election Day, Veterans Day, Thanksgiving, Thanksgiving Friday, Christmas Eve and Day.

Bonus Programs:Eligible employees with five years of service also receive annual longevity bonuses that grow as seniority increases. Some positions also may qualify for recruitment, retention, and performance bonuses or other special pay premiums.

Military Pay Differential:Employees in the guard or reserves may also qualify for supplemental pay benefits if miliary pay during qualifying duty is less than normal state pay. Prior military service may also allow seniority credits to accelerate eligibility for longevity bonuses and additional personal leave accrual.

Tax-Advantaged Programs:In addition to 401(k) and 457 retirement accounts, the state also offers flexible spending account (FSA), health savings account (HSA), and qualified transportation fringe benefit (QTFB) programs that can help you save money by reducing your taxable income.

Student Loan Forgiveness:Working for the State of Michigan may allow you to participate in programs that forgive the balance of qualifying student loans. Please view Student Loan Information ( to help determine if you could qualify is available from the U.S. Department of Education.

Tuition Reduction:Some colleges and universities offer savings to eligible employees and family members to further their education while working for the State of Michigan.

Professional Development: To help develop your career, programs are available to apply for reimbursement of up to $2,000 a year for education and training for college course credits and non-degree programs.

Alternative and Remote Work Schedules:Depending on the nature of their duties, many state jobs offer flexible work schedules and remote or hybrid telecommuting options that can help obtain the work-life balance that you seek.

Great Lakes and Great Times:Michigan boasts four Great Lakes, 11,000 inland lakes, 36,000 miles of rivers and streams, 20 million acres of forests, 100 state and national parks and recreation areas, 1,300 miles of bike trails, 6,500 miles of snowmobile trails, the second-most ski areas in the nation, 650 public golf courses, 600 campgrounds, and an international dark-sky park—just for starters. Our cities offer concerts and cultural events, storied sports teams, education hubs, vibrant downtowns, one-of-a-kind craft beverages, and renowned restaurants for every appetite. From urban centers to beach towns to the great outdoors, the opportunities are endless. With your state salary and benefits and Michigan’s affordable cost of living, you can explore all that Michigan has to offer.

Updated: 2/28/24

01

TRESPL - Do you possess a bachelor's degree or higher in business administration, accounting, finance, economics, or real estate management/financing or a bachelor's degree or higher in any major and have a Chartered Financial Analyst (CFA) designation? If so, please attach a copy of your OFFICIAL transcripts and/or CFA designation.

• Yes

• No

02

TRESPL - Do you possess at least four years of professional experience equivalent to a Treasury Investment Analyst P11?

• Yes

• No

03

TRESPL - Please select from the list below any active designations you have:

• Chartered Financial Analyst (CFA)

• Chartered Alternative Investment Analyst (CAIA)

• Certified Commercial Investment Member (CCIM)

• Certified Property Manager (CPM)

• Master of Business Administration (MBA)

• None

04

If you do not possess any of the designations in the previous question, are you currently pursuing or plan to pursue any designation(s)? If so, please indicate which one(s). If none, enter N/A.

05

Please select your college major from the list below:

• Business Administration

• Accounting

• Finance

• Economics

• Real Estate Management/Financing

• Other

06

If you selected "other" in the previous question, please identify your college major. If you do not possess a bachelor’s degree from the list in the previous question, you must possess a Chartered Financial Analyst (CFA) designation and attach it to your application. (Failure to do so may result in your application being screened out.)

07

How many years of professional investment experience do you have?

• None to less than one year

• One to three years

• Three to five years

• Five to seven years

• Seven to ten years

• Ten years or more

08

If you indicated you have professional experience in the previous question, please describe your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, please enter N/A.

09

How many years of professional investment experience do you have directly related to fixed income securities and markets?

• None to less than one year

• One to three years

• Three to five years

• Five to seven years

• Seven to ten years

• Ten years or more

10

If you indicated you have professional experience in the previous question, please describe your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, please enter N/A.

11

How many years of professional experience do you have conducting research, market analysis, due diligence, and assimilating financial information for purposes of decision making?

• None to less than one year

• One to three years

• Three to five years

• Five to seven years

• Seven years or more

12

If you indicated you have professional experience in the previous question, please describe your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, please enter N/A.

13

How many years of experience do you have building professional relationships?

• None to less than one year

• One to four years

• Four to eight years

• Eight years to ten years

• Ten years or more

14

If you indicated you have professional experience in the previous question, please describe your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, please enter N/A.

15

How many years of professional experience do you have working with portfolio risk systems (i.e., Blackrock Aladdin, Bloomberg, MarketaXess, TradeWeb, YieldBook)?

• None to less than one year

• One to four years

• Four to eight years

• Eight to ten years

• Ten years or more

16

If you indicated you have professional experience in the previous question, please describe your experience in detail. This experience should be clearly documented in your application and resume. (Failure to do so may result in your application being screened out.) If no experience, please enter N/A.

17

Work must be performed in the state of Michigan. If you currently reside outside of Michigan, you must relocate to Michigan to perform the duties of this position before you are appointed to the position. Relocation expenses are not reimbursed. Do you currently reside in Michigan or if offered the position, would plan to relocate to Michigan?

• Yes

• No

18

This position is required to work onsite Tuesdays and Wednesdays. The selected candidate must have a secure, safe and appropriate designated workspace and sufficient and secure internet access of commercial cable or wireless broadband with minimum speeds of 25 Mbps download and 5 Mbps upload. Note: Additional onsite work may be required. Remote work arrangements are subject to management approval and may be adjusted or discontinued at any time. Do you understand and agree to these work requirements?

• Yes

• No

19

Out of State and overnight travel is required in this position which may include domestic and international assignments, with overnight or extended accommodations as necessary. Are you able to travel independently, utilizing airplanes, trains, cars, taxicabs, buses, ships, etc.?

• Yes

• No

20

Did you attach your cover letter and detailed resume to your application? (Failure to do so may result in your application being screened out.)

• Yes

• No

21

Did you attach a copy of your OFFICIAL college/university transcript(s) to your application and/or if applicable, your CFA designation? (Failure to do so may result in your application being screened out.) This documentation is REQUIRED; you can't be qualified for this position without it.

• Yes

• No

22

From the options below, which accurately describes your current employment status? (A current State employee works for an actual State Department such as Department of Technology, Management and Budget (DTMB) or Department of Labor & Economic Opportunity (LEO) etc.)

• Not a State of Michigan employee (never been employed at the State)

• A current Department of Treasury employee

• A current State of Michigan (non-Treasury) employee

• A previous State of Michigan employee

Required Question

Employer

State of Michigan

Department

Treasury

Address

View email address on click.appcast.io

430 West Allegan Street

Lansing, Michigan, 48922

Phone

View phone number on click.appcast.io

Website

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