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Type of Role: Investments

Experience Level: Analyst/Associate

Location: St. Paul, Minnesota

Salary: $98K - $126K

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.

  • Who May Apply: Open to all qualified job seekers
  • Date Posted: 10/06/2023
  • Closing Date: 10/26/2023
  • Hiring Agency/Seniority Unit: Investment Board / Investment Board-Excluded Oth
  • Division/Unit: State Board Of Investment(SBI) / Executive – Corporate Governance
  • Work Shift/Work Hours: Day Shift
  • Days of Work: Monday – Friday
  • Travel Required: Yes – up to 5%
  • Investment Analyst Junior Salary Range: $35.56 – $47.97 / hourly; $74,249 – $100,161 / annually
  • Investment Analyst Intermediate Salary Range: $63.22 – $60.39 / hourly; $97,822 – $126,094 / annually
  • Classified Status: Unclassified
  • Bargaining Unit/Union: 221 – Excluded All Others/Unrep
  • FLSA Status: Exempt – Professional
  • Telework Eligible: Yes – Up to three (3) days per week
  • Designated in Connect 700 Program for Applicants with Disabilities: Yes

*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.

Make a difference in the lives of Minnesotans.

The work you’ll do is more than just a job. Join the talented, engaged and inclusive workforce dedicated to creating a better Minnesota.

Job Summary

The Investment Analyst will play a key role in the SBI’s corporate governance-related activities. The primary purpose of this position will be to support the proxy voting process, including research, analysis, execution, and reporting. In addition to proxy voting, a portion of the incumbent’s time may be allocated to other activities, including engaging with portfolio companies and evaluating external manager’s investment processes related to environmental, social, and corporate governance practices. Key topics of focus include investor rights, corporate disclosures, climate change, diversity, executive compensation, international relations, worker rights, and more. The incumbent will be trusted to generate high-quality reports and PowerPoint presentations to communicate SBI initiatives to internal and external audiences. The incumbent will collaborate with SBI staff across the organization.

Qualifications

Minimum Qualifications

Investment Analyst Junior Minimum Qualifications

  • Bachelor’s Degree
  • Strong attention to detail and emphasis on producing a high-quality work product.
  • 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 Intermediate Minimum Qualifications

  • Bachelor’s Degree
  • 2+ years professional experience in a financial, investment or legal position
  • Demonstrated interest in business fundamentals, capital markets and investment strategies.
  • Knowledge of corporate law, corporate governance and fiduciary duty.
  • Excellent organizational skills, ability prioritize duties, and support junior team members.
  • Strong attention to detail and emphasis on producing a high-quality work product.
  • 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 Intermediate Preferred Qualifications

  • Advanced degree in legal, business or other field.
  • Experience working with an asset allocator such as a public or corporate plan sponsor, endowment, or foundation.
  • Knowledge of research techniques and procedures sufficient to conduct studies related to department programs independently and effectively.
  • Experience with data gathering, validation and retention.
  • Familiarity with investment related analytical tools and software or the ability to learn platforms such as Glass Lewis Viewpoint, Factset, and Bloomberg.
  • Proficient in utilizing data and information management systems and processes using Microsoft Office Suite (Excel, PowerPoint, etc.).
  • Experience using ChatGPT or other AI-enabled tools in a professional environment.

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.

Application Details

How to Apply

Select “Apply for Job” at the top of this page. If you have questions about applying for jobs, contact the job information line at 651-259-3637 or email careers@state.mn.us. For additional information about the application process, go to http://www.mn.gov/careers.

If you have questions about the position, contact April Strong at april.strong@hr.mnretirement.us.

To receive consideration as a Connect 700 Program applicant, apply online, email the Job ID#, the Working Title and your valid Proof of Eligibility Certificate by the closing date to April Strong at april.strong@hr.mnretirement.us.

About Investment Board

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.

Why Work for Us

Diverse Workforce

We are committed to continually developing a workforce that reflects the diversity of our state and the populations we serve. The varied experiences and perspectives of employees strengthen the work we do together and our ability to best serve the people of Minnesota.

A recent engagement survey of State of Minnesota employees found:

  • 95% of employees understand how their work helps achieve their agency’s mission
  • 91% of employees feel trusted to do their jobs
  • 88% of employees feel equipped to look at situations from other cultural perspectives when doing their job
  • 87% of employees report flexibility in their work schedule

Comprehensive Benefits

Our benefits aim to balance four key elements that make life and work meaningful: health and wellness, financial well-being, professional development, and work/life harmony. As an employee, your benefits may include:

  • Public pension plan
  • Training and professional development
  • Paid vacation and sick leave
  • 11 paid holidays each year
  • Paid parental leave
  • Low-cost medical and dental coverage
  • Prescription drug coverage
  • Vision coverage
  • Wellness programs and resources
  • Employer paid life insurance
  • Short-term and long-term disability
  • Health care spending and savings accounts
  • Dependent care spending account
  • Tax-deferred compensation
  • Employee Assistance Program (EAP)
  • Tuition reimbursement
  • Federal Public Service Student Loan Forgiveness Program

Programs, resources and benefits eligibility varies based on type of employment, agency, funding availability, union/collective bargaining agreement, location, and length of service with the State of Minnesota.

AN EQUAL OPPORTUNITY EMPLOYER

Minnesota state agencies are equal opportunity, affirmative action, and veteran-friendly employers. The State of Minnesota recognizes that a diverse workforce is essential and strongly encourages qualified women, minorities, individuals with disabilities, and veterans to apply.

We will make reasonable accommodations to all qualified applicants with disabilities. If you are an individual with a disability who needs assistance or cannot access the online job application system, please contact the job information line at 651-259-3637 or email careers@state.mn.us and indicate what assistance is needed.