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Type of Role: Operations

Experience Level: VP/Principal/Director

Location: Tallahassee, Florida

Salary: $84K - $105K

The State Board of Administration (SBA) is primarily an asset management organization responsible for investing state and local government assets. Established by the state’s constitution, its mission is to provide superior investment and trust services while adhering to the highest ethical, fiduciary, and professional standards.

Responsibilities

The Manager of Investment Analytics is responsible for the investment options available in the Investment Plan. The responsibilities include performance reporting, the contract management of investment providers and monitoring of both investment managers and markets to provide prudent choices for Investment Plan members.  The Manager of Investment Analytics reports to the Director of Investment Management.

35% – Under the direction of the DIM, creates and maintains analytical systems to evaluate the investment managers and investment funds available to Investment Plan members

  • Develops risk and return analysis using such tools as FactSet, eVestment, Excel, and other available tools
  • Tracks Investment Plan performance calculations versus fund managers calculations, benchmarks and peer groups for any deviations and watch listing
  • Evaluates daily net asset value (NAV) valuations for accuracy and reasonableness
  • Reconciles investment managers monthly and quarterly accounting statements with custodian’s records
  • Creates ad hoc risk and return reports of current investment managers and investment funds and as necessary for manager selection process

25% – Collaborates with DIM in oversight of the Investment Plan’s investment consultant(s) relationship

  • Works closely with the DIM on due diligence of investment product providers consistent with approved monitoring guidelines
  • Evaluates reports from consultants and investment product provider reports, consults with DIM on findings and potential actions
  • Performs daily maintenance functions including rebalancing of the multi-manager investment funds and retirement date funds (RDFs), makes recommendations for rebalancing to the DIM and drafts or submits trade direction letters to managers and custodian if necessary
  • Participates in annual review with each investment manager and bundled provider
  • Keeps abreast of current financial markets by reviewing news feeds, consultant reports and by reviewing academic and industry literature and makes recommendations as needed to the DIM and Chief of Defined Contribution Programs

10% –  Serves as analytics and technical support for other ODCP staff

  • Provides information to other ODCP staff on Investment Plan assets under management, assets by asset class, overall Investment Plan performance and asset class performance, historical performance information, etc., as needed
  • Reviews and updates Investment Plan member communications (newsletters, brochures, publications) as needed
  • Conducts other specialized research as assigned

10% – Works closely with Performance and Risk Analytics and the DIM on data integration

  • Provides support for ODCP performance reports by reviewing databases and pivot tables for accuracy
  • Provides historical and fee adjusted returns as necessary for new managers or funds

05% – Under the direction of DIM, conducts policy reviews of investment related changes as requested by the State University System Optional Retirement Plan (403b) and State’s Deferred Compensation Plan (457)

  • Collaborates on written memorandum of results to requesting agency within 10 business days of receipt of request

05% – Demonstrates ability to effectively manage financial resources

  • Completes expense reports and provides supporting documentation per established policies and procedures
  • Conserves department resources by efficiently utilizing time, equipment and supplies

05% –  Assists the DIM and Chief of Defined Contribution Programs in developing, implementing and monitoring strategic plans, or works in collaboration with the DIM and Chief of Defined Contribution Program to contribute to the success of the department/unit and the overall organization

  • Develops, or assists the DIM and Chief of Defined Contribution Programs with developing, a department strategic plan that contributes to the overall strategic objectives of the organization
  • Involves colleagues in the implementation of strategic objectives of the department

05% – Performs other duties as assigned

Qualifications

7 years of related experience. A postsecondary degree may be used as an alternative for years of direct experience; 2 years for an associate’s degree, 4 years for a bachelor’s degree, 6 years for a master’s degree, 7 years for a professional degree, or 9 years for a doctoral degree.

Preferences:

  • A bachelor’s degree from an accredited college or university in accounting, economics, finance, business, or a related field
  •  Advanced degree from an accredited college or university in accounting, economics, finance, business, or a related field
  • Chartered Financial Analyst (CFA) designation or enrollment in the CFA program and passage of CFA Level I
  • Certificate of Investment Performance Measurement (CIPM) or enrollment in the CIPM program

Knowledge, Skills and Abilities: 

  • Extensive knowledge of financial concepts and theories and strong background in their application
  • General knowledge of statistical processes and probability distributions
  • Knowledge of investment analytics
  • Knowledge of defined contribution retirement plans or mutual fund structures
  • Knowledge of relationship of custodian role in the defined contribution environment
  • Basic knowledge of accounting principles
  • Advanced skills in Microsoft Office Suite tools (Word, Access, and particularly Excel with experience in pivot tables and macros)
  • Ability to work in a team environment
  • Ability to clearly disseminate and convey complicated financial or analytical data
  • Travels occasionally to various locations throughout the United States. May occasionally involve work outside of normal business hours and working remotely to maintain contact with others and normal office-related duties

Hiring Range: $83,800 – $104,700

The State Board of Administration is an Equal Opportunity Employer

Successful completion of a pre-employment background check is a condition of employment with the State Board of Administration