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Type of Role: Investments

Experience Level: Analyst/Associate

Location: St. Paul, Minnesota

Salary: $98K - $178K

Established in 1885, the Minnesota State Board of Investment (SBI) oversees $135bn AUM and serves the State of Minnesota by investing the assets of state and local employee benefit plans, other public retirement savings plans, tax advantaged savings plans, and non-retirement assets.

Job Summary

Travel Required: up to 10%

Investment Analyst, Intermediate Salary Range: $97,822 – $126,094 / annually.

Investment Analyst, Senior Salary Range: $132,003 – $177,918 / annually.

 

Telework Eligible: SBI currently utilizes a hybrid model, with a minimum of two anchor days in office per week. This is subject to change at the discretion of the SBI Executive Director.

 

About the SBI:

The Minnesota State Board of Investment (SBI) develops and implements investment policies and strategies for the state’s retirement funds, trust funds, and cash accounts. The statutory mission of the SBI is “to ensure that state and pension asset subject to this legislation will be responsibly invested to maximize the total rate of return without incurring undue risk” (Minnesota Statute 11A.01).

 

As of June 30, 2023, the SBI was responsible for the management of assets totaling ~$134.7 Billion.

 

About the Opportunity:

The Investment Analyst will assist with the monitoring and management of the defined contribution and non-pension assets and will conduct due diligence used in hiring and monitoring investment managers, evaluate investment fund performance, and contribute to reporting efforts to SBI’s clients. The incumbent will work with other investment staff across the SBI team.

 

Qualifications:

Investment Analyst Intermediate Minimum Qualifications

 

·      Bachelor’s Degree

·      1+ years professional experience at a financial services firm, or equivalent

·      Strong attention to detail and emphasis on producing a high-quality work product.

·      Excellent organizational skills and the ability to handle and prioritize multiple tasks.

·      Demonstrated interest in business fundamentals, capital markets and investment strategies.

·      Ability to effectively communicate orally and in written form with a wide variety of professionals and various levels of an organization.

·      Willing participation in and desire to make continuous progress toward completion of the Chartered Financial Analyst (CFA) program.

·      A desire to learn and a proactive attitude.

 

Investment Analyst Senior Minimum Qualifications

·      Bachelor’s Degree

·      3+ years professional experience at a financial services firm, or equivalent

·      Strong attention to detail and emphasis on producing a high-quality work product.

·      Excellent organizational skills and the ability to handle and prioritize multiple tasks.

·      Demonstrated interest in business fundamentals, capital markets and investment strategies.

·      Ability to effectively communicate orally and in written form with a wide variety of professionals and various levels of an organization.

·      Willing participation in and desire to make continuous progress toward completion of the Chartered Financial Analyst (CFA) program.

·      A desire to learn and a proactive attitude.

 

Preferred Qualifications –

  • Experience working with an asset allocator such as a public or corporate plan sponsor, endowment, or foundation.
  • Familiarity with investment vehicles, broad asset class objectives, an understanding of financial markets.
  • Familiarity with investment related analytical tools and software or the ability to learn platforms such as Factset, Bloomberg, and Morningstar.
  • The ability to prepare reports reflecting performance and analytics for portfolios.

·      Proficient in utilizing data and information management systems and processes using Microsoft Office Suite (Excel, PowerPoint, etc.).

Additional Requirements:

It is the policy of the State Board of Investment that all employees submit to a background investigation prior to employment. The background check may consist of the following components:

 

·      SEMA4 Records Check (applies to current and past State employees only)

·      Criminal History Check

·      Employment Reference Check

·      Social Security and Address Verification

·      Education Verification

·      Driver’s License Check

 

The State Board of Investment will not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

 

Why Work for Us:

The State of Minnesota also has over 100 state agencies, so the possibilities of serving our great state through a multitude of programs and roles are endless! The State of Minnesota also has our own Enterprise Talent Development department to keep your skills and knowledge sharp. You may also qualify for Public Service Loan Forgiveness, which forgives the remaining balance of your student loans after 120 qualifying monthly payments!

What’s also great about this job is the competitive wage and comprehensive benefits package including low cost/high value medical and dental insurance, employer paid life insurance, retirement plan, health care savings plan, generous vacation and sick leave, paid holidays, and numerous tax-deferred benefit options (e.g., 457B investment plan, long and short-term disability plans, etc.). Benefits offered are:

·       Medical and dental insurance

·       Life insurance

·       11 paid holidays per year

·       Parental leave

·       Pension and retirement saving plan

·       Vacation and Sick leave

·       Long and short term disability insurance

HOW TO APPLY:

https://mn.gov/mmb/careers/

Click on blue Search Open Position box and search for Job Posting Number: 69620

Posting Closes: 10/9/2023