Investment Analyst, Participant-Directed and Non-Retirement Investments

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%

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.

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.

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…