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Type of Role: InvestmentsRiskOperations

Experience Level: VP/Principal/Director

Location: Grand Rapids, Michigan

Salary: $K - $K

Corewell Health is a nonprofit health care system in the U.S. state of Michigan. Created by the 2022 merger of Beaumont Health in Metro Detroit with West Michigan’s Spectrum Health. Corewell is the largest health system in Michigan, based on inpatient admissions and net patient revenue. The organization is headquartered in Grand Rapids and has over 60,000 employees.

Job Summary
Hybrid role that will be responsible for the day-to-day operations of Corewell Health’s investment portfolios, which include operating, defined benefit pension, and health insurance assets. Support the investment team by providing operational and analytical assistance in managing the portfolios across all asset classes: equity (public and private), fixed income, and hedge funds. Success in this role requires strong attention to detail, excellent communication, and the ability to work with key stakeholders, both internally (Treasury and Finance/Accounting) as well as externally (investment consultant, custody bank, auditors, and actuaries).
Essential Functions
  • Manage daily operational processes, including coordination of all investment-related transactions.
  • Reconcile cash, investment transactions, and market values with custody bank system.
  • Ensure proper onboarding of new investments with the custody bank and investment consultant.
  • Work closely with Finance/Accounting on the monthly close and year-end audit processes as it relates to investments.
  • Manage relationships with external service providers, including custody banks, fund administrators, data providers, etc.
  • Create & improve operational processes & procedures to ensure best practices and compliance with regulatory requirements.
  • Collaborate with the investment consultant on operational due diligence matters for new and existing investment managers.
  • Develop a process, in conjunction with the investment team, to monitor and report on risks across all investment portfolios.
Qualifications
  • Required Bachelor’s Degree Business, Finance, Accounting or related field
  • Minimum eight years experience investment operations, including accounting support as it relates to investments Required

Primary Location

SITE – Corewell Health Place Building B – 648 Monroe – Grand Rapids

Department Name

Corporate Treasury Investments

Employment Type

Full time

Shift

Day (United States of America)

Weekly Scheduled Hours

40

Hours of Work

8:00 a.m. to 5:00 p.m.

Days Worked

Monday to Friday

Weekend Frequency

N/A

CURRENT COREWELL HEALTH TEAM MEMBERS – Please apply through Find Jobs from your Workday team member account. This career site is for Non-Corewell Health team members only.

Corewell Health is committed to providing a safe environment for our team members, patients, visitors, and community. We require a drug-free workplace and require team members to comply with the MMR, Varicella, Tdap, and Influenza vaccine requirement if in an on-site or hybrid workplace category. We are committed to supporting prospective team members who require reasonable accommodations to participate in the job application process, to perform the essential functions of a job, or to enjoy equal benefits and privileges of employment due to a disability, pregnancy, or sincerely held religious belief.

Corewell Health grants equal employment opportunity to all qualified persons without regard to race, color, national origin, sex, disability, age, religion, genetic information, marital status, height, weight, gender, pregnancy, sexual orientation, gender identity or expression, veteran status, or any other legally protected category.

An interconnected, collaborative culture where all are encouraged to bring their whole selves to work, is vital to the health of our organization. As a health system, we advocate for equity as we care for our patients, our communities, and each other. From workshops that develop cultural intelligence, to our inclusion resource groups for people to find community and empowerment at work, we are dedicated to ongoing resources that advance our values of diversity, equity, and inclusion in all that we do. We invite those that share in our commitment to join our team.

You may request assistance in completing the application process by calling 616.486.7447.