Investment Consultant Intern - Summer 2020 - Cleveland, OH in Cleveland at CBIZ

Date Posted: 1/7/2020

Job Snapshot

Job Description

With over 100 offices and nearly 5,000 associates in major metropolitan areas and suburban cities throughout the U.S. CBIZ (NYSE: CBZ) delivers top-level financial and employee business services to organizations of all sizes, as well as individual clients, by providing national-caliber expertise combined with highly personalized service delivered at the local level. CBIZ has been honored to be the recipient of several national recognitions: 2019 America's Best Mid-Size Employers by Forbes, 2019 Best Workplaces in Consulting & Professional Services by Great Place to Work® and FORTUNE, 2019 Workplace Excellence Seal of Approval by the Alliance for Workplace Excellence, and one of the Top 101 highest scoring companies in the country for Best and Brightest Companies to Work For in the Nation by the National Association for Business Resources.

CBIZ Retirement Plan Services (CBIZ RPS) provides institutional consulting solutions to corporations, public entities, and non-profit organizations.  We primarily consult with companies on their 401(k), 403(b), or defined benefit pension plans, specializing in investment management, investment consulting, as well as compliance and design.  In total, CBIZ RPS consults on approximately $12 billion in assets, and our clients range from large multinational publicly-traded companies to small businesses. 

CBIZ Retirement Plan Services is seeking motivated, analytical interns who want to obtain hands-on experience in institutional investment consulting.  The intern will work under the supervision of three CFAs (Chartered Financial Analyst) and will gain experience in analyzing and making recommendations on investment options as well as asset allocation/investment management.  The intern will also learn about 401(k) and defined benefit plans and their governance and compliance needs, as well as general knowledge about the retirement industry.

Essential Functions and Primary Duties:

Investment Research
•Perform due diligence on client investment managers (mutual funds, separate accounts)
•Perform proprietary investment commentaries on client investment managers
•Provide due diligence and recommendations for alternatives to client funds recommended for removal
•Produce investment manager attribution analysis for client meetings
•Perform investment assessments to help new or existing clients evaluate the suitability of their overall investment menu
•Produce due diligence reporting through Morningstar Direct 
•Perform special due diligence or research projects

Client Service
•Attend client meetings and Investment Reviews
•Manage client request for proposals for plan vendors/recordkeepers
•Establish relationships and provide support to CBIZ Senior Consultants
•Respond to consulting services request for proposals
•Provide input and assistance to marketing team

Required Skills
•High attention to detail
•Strong analytical skills
•Strong organizational skills
•Ability to plan ahead
•Ability to meet or exceed given deadlines
•Ability to work cooperatively as part of a team
•Ability to manage own schedule and prioritize
•Ability to manage and take ownership of projects
•Strong intellectual curiosity and desire to learn
•Strong verbal and written communication skills
•Strong ability to clearly communicate complex information

Qualifications Required
•An intern must be working toward a Bachelor’s degree in Business Administration, with a concentration in finance, accountancy, economics, or related field
•A cumulative GPA of at least 3.25 
•Position has the potential for a direct hire full time position after graduation
•Interest in the financial markets
•Must be able to work in a team environment
•Active participation in student organizations and work experience in related field a plus, but not required

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