Investment Analyst Junior Jobs

The Minnesota State Board of Investment is responsible for the investment management of various retirement funds, trust funds, and cash accounts for the State of Minnesota. The Minnesota State Board of Investment (SBI) is established by Article XI of the Minnesota Constitution to invest all state funds. Its membership as specified in the Constitution is comprised of the Governor (who is designated as chair), State Auditor, Secretary of State, and Attorney General.

Working Title: Investment Analyst, Private Markets
Job Class: Investment Analyst Junior
Agency: Minnesota State Board of Investment (SBI)

• Telework Eligible: Yes - hybrid, with a minimum of two days in-office per week.
• Date Posted: 08/09/2023
• Salary Range: $35.56 - $47.97 / hourly; $74,249 - $100,161 / annually
• Closing Date: 08/29/2023
• Days of Work: Monday - Friday
• Designated in Connect 700 Program for Applicants with Disabilities: No
• Classified Status: Unclassified
• Division/Unit: Minnesota State Board Of Investment(SBI) / Private Markets
• Travel Required: Yes - up to 10%
• FLSA Status: Exempt - Administrative
• Work Shift/Work Hours: Day Shift
• Who May Apply: Open to all qualified job seekers
• Bargaining Unit/Union: 221 - Excluded All Others/Unrep
• Hiring Agency/Seniority Unit: Minnesota State Board Of Investment(SBI) / Investment Board-Excluded Oth

• 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.

The Investment Analyst will perform operations and administrative functions including processing and entering cash flows, performance calculation and reconciliation, new strategy onboarding, database management and portfolio compliance monitoring. In addition, the Investment Analyst will provide quantitative and qualitative research and manager due diligence support to private markets investment staff members across various asset classes.

To facilitate proper credit, your resume must clearly describe your experience and skills in the areas listed below and indicate the beginning and ending month and year of each job held.

Minimum Qualifications

• Ability to effectively communicate orally and written with a wide variety of professionals and various levels of an organization.
• Strong attention to detail and emphasis on producing a high-quality work product.
• A desire to learn and a proactive attitude.
• Bachelor’s Degree
• Willing participation in and desire to make continuous progress toward completion of the Chartered Financial Analyst (CFA) program.
• Demonstrated interest in business fundamentals, capital markets and investment strategies.
• Excellent organizational skills and the ability to handle and prioritize multiple tasks.

Preferred Qualifications

• Familiarity with investment related analytical tools and software such as Dynamo, Pitchbook, Preqin, FactSet or similar.
• Familiarity with Private Markets (private equity, private credit, real assets and real estate).
• The ability to prepare reports reflecting performance and analytics for portfolios.

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)
• Driver's License Check
• Social Security and Address Verification
• Education Verification
• Criminal History Check
• Employment Reference Check

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

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 [email protected]. 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 [email protected] or 651-284-7878.

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:

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

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:

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

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 [email protected] and indicate what assistance is needed.