DTE Energy

Portfolio Manager I-Trust Investments

LocationDetroit, MI

About This Job


Location:Detroit, MI, US


Company: DTE Eng Corp Svcs LLC


Job ID: 13949

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

Apply by: Until filled Location: Detroit headquarter - Walker Cisler Building


Bidding Restriction: 1 Year


Hybrid Role: Must be able to come on-site periodically and reside a commutable distance from the assigned work location.

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/hedge funds, and private markets (equity, credit, real estate). In addition to responsibility for the investment menu for DTE’s 401(k) plan, there are 5 primary pools of assets Trust Investments has discretionary responsibility for including: defined benefit pension trust, retiree healthcare trust (VEBA), nuclear decommissioning trust (NDT), executive benefit/rabbi trust, and DTE Energy Foundation Trust. This variety of asset pools with differing liability profiles provides exposure to the 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 trust funds managed as well as be responsible for owning a segment of the portfolio (e.g. public markets or alternatives/private markets). Responsibilities will also include contributing to overall portfolio strategy including items such as asset allocation and risk management as well as opportunities for exposure to the operations behind the investment activities. Tasks are diversified, requiring strong analytical and technical skill and independent action is frequently required in assignments. This role involves some responsibility for guiding the workflow of others in the group and outside service providers. Span of Control: 0; Individual Contributor


Key Accountabilities

Responsible for all aspects of investment including sourcing, underwriting, and ongoing monitoring for assigned asset classes 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.
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.
Leads periodic Requests for Proposals (RFPs) for external service providers as necessary.
Provides 401(k) investment menu oversight, co-manages the recordkeeper, and supports participant communications when required.
Leads benchmarking activities (relative to other asset owners) including analysis of results to determine opportunities for continuous improvement.
Proactively identifies and researches new strategic initiatives and investment opportunities.
Maintains a network of asset owner peers and investment managers to enable best practice sharing and surface investment ideas.
Prepares, presents, and defends compelling, well-reasoned recommendations to Senior Management and the Investment Committee chaired by the enterprise’s Chief Financial Officer (CFO).
Independently leads special projects as needed.
Guides workflow of others on the team in formal or informal leadership role.


Minimum Education & Experience Requirements

Bachelor’s degree in business-related or analytical / technical discipline and at least 5 years of experience in business/financial or quantitative analysis, inclusive of at least 3 years of related investment experience OR
MBA and at least 3 years of experience in business/financial or quantitative analysis, inclusive of at least 3 years of related investment experience
CFA/CAIA certification can count towards 2 years of investment experience


Other Qualifications


Preferred Qualifications

MBA or other related advanced degree.
CFA or CAIA designations, or progress towards designations.
Experience managing investments as part of an asset manager or asset owner organization (Pension, Endowment, Foundation, Family Office, etc.).
Experience working with PowerPoint, Excel and Word.


Other Qualifications

Strong focus on continuous improvement, including desire to put in extra work so processes are more sustainable and error-free in the future .
Fundamental understanding of finance and financial markets, general knowledge of Employee Retirement Income Security Act (ERISA), aspects of risk, and investment portfolio theory.
Demonstrated proficiency in verbal, written, and presentation skills.
Interest in or experience with data science and/or relational databases.
Strong analytical and problem-solving skills.
PC Proficiency, including experience with MS Office Products. Intermediate to advanced Excel skills.
Strong focus on continuous improvement.

+ 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.


PRIVACY NOTICE TO CALIFORNIA JOB APPLICANTS

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 law. #LI-DNP

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