Investment Analyst, Participant-Directed and Non-Retirement Investments

About the Opportunity:

The Minnesota State Board of Investment (SBI) seeks to hire an Investment Analyst for its Participant-Directed and Non-Retirement Investments team. The successful candidate will be a motivated, mission-driven individual who supports the investment lineups for fire relief plans, tax-advantaged and state-sponsored savings plans, and other non-retirement investment programs. This role is responsible for conducting investment manager due diligence, monitoring fund performance, contributing to client reporting, and collaborating with investment professionals across the organization.

Reporting to the Director, Participant-Directed and Non-Retirement Investments, the successful candidate will work collaboratively with teams across financial services, performance, risk management, public markets, and private markets, and will play an important role in advancing the team’s objectives and supporting the SBI’s broader investment mission.

Classification: Investment Analyst, Intermediate or Investment Analyst, Senior

Travel Required: up to 10%

Salary Range(s)*:

Investment Analyst Intermediate: $106,592- $137,370 annually*

Investment Analyst Senior: $143,821- $193,871 annually*

Telework Eligible: SBI currently utilizes a hybrid model, with weekly anchor days required. This is subject to change at the discretion of the SBI Executive Director.

Primary Responsibilities:

The Investment Analyst, Participant-Directed and Non-Retirement Investments position will be responsible for the following primary areas:

Monitor and Evaluate Investment Options: Develop and maintain a strong understanding of the investment vehicles and asset class strategies available within defined contribution and tax-advantaged savings plans. Support the ongoing evaluation of investment options by maintaining investment manager shortlists, monitoring industry developments and market trends, and assessing the potential implications of changing market conditions. Contribute to the investment plan menu design and continue building knowledge and expertise in the role.

Coordinate Data and Develop Reports: Coordinate the collection, organization, and reporting of investment and plan data, ensuring information is accurate, timely, and accessible to internal and external stakeholders. Lead the development, production, and distribution of team materials and reports. Play a key role in maintaining efficient processes and supporting the team’s overall organization and effectiveness in managing and reporting on its Plans.

Engage with External Stakeholders on Investment Options: Represent the SBI with professionalism and a high level of service when engaging with external stakeholders. Support outreach and communication efforts with Fire Relief Plans and other public retirement funds, including meeting with self-administered plans to provide information about available investment options, as appropriate. Build strong relationships by communicating investment information clearly and effectively.

Contribute as a Collaborative Team Member: Demonstrate the SBI’s core values of integrity, professionalism, and collegiality while contributing to an inclusive and collaborative workplace. Serve as a resource to colleagues and peer groups, build effective working relationships across teams, and collaborate on investment plan lineup initiatives. Lead or contribute to cross-functional projects and initiatives that advance the team’s priorities and workplan.

About the SBI:

Established in 1885, the Minnesota State Board of Investment (SBI) 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. The SBI manages more than $170 billion in assets, making it one of the largest public pension fund investors in the United States. Governed by a board consisting of the four constitutional officers of the State of Minnesota, the SBI is widely regarded as a best-in-class institutional investor and a model of sound public investment management, led by a highly skilled, dedicated, professional staff that operates with a strong culture of fiduciary excellence, integrity, and collaboration.

Why Work for Us:

The SBI offers a professional, mission-driven work environment with a highly collegial team dedicated to excellence in public, institutional investment management. The Investment Analyst will work at the SBI's offices in St. Paul, Minnesota, with hybrid telework arrangements subject to organizational policy.

The SBI offers a competitive total compensation package including:

• Competitive salary commensurate with qualifications and experience
• Comprehensive health, dental, and vision insurance coverage
• Defined benefit pension plan through the Minnesota State Retirement System (MSRS) or relevant plan
• Deferred compensation and supplemental retirement savings plans
• Generous paid vacation, sick leave, and holiday schedule
• Paid parental leave
• Professional development and training opportunities
• Public Service Loan Forgiveness (PSLF) eligibility (subject to federal program requirements)

*The SBI offers an excellent and comprehensive benefits package. Listed salary ranges reflect total cash compensation. Note that the SBI compensation structure features a fixed, cash-based model that does not include incentive compensation.

Minimum Qualifications

Candidates must meet all of the following minimum qualifications to be considered for this position:

Education: Bachelor's degree, with a preference in business or a related field.

Experience:

• Minimum of three (3) years of professional experience in a financial services firm or a comparable role.
• Demonstrated attention to detail, strong organizational skills, and the ability to prioritize multiple tasks, projects, and deadlines.
• Demonstrated ability to analyze, synthesize, and communicate investment or financial information accurately for audiences with differing levels of technical expertise, in both written and verbal formats.
• Proficiency with Microsoft Office applications, particularly Excel, Word, and PowerPoint.
• Willing participation in and desire to make continuous progress toward completion of the Chartered Financial Analyst (CFA) program.

Preferred Qualifications

Preference will be given to candidates who possess one or more of the following:

Education and Credentials:

• Bachelor’s degree in business or a related field, with demonstrated interest in investments, financial markets, data analysis, or institutional investing.
• Experience working with an asset allocator such as a public or corporate plan sponsor, endowment, or foundation.
• Familiarity with investment-related analytical tools and software such as Factset, Bloomberg, and Morningstar, or comparable tools.
• Proficiency with Microsoft Office applications, particularly Excel and PowerPoint, to manage data and prepare reports, performance tables, presentations, and other professional communications.

Additional Requirements:

All employees must successfully complete the SBI’s 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 SBI does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

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