Investment Analyst, Performance Analytics

State of Minnesota; Saint Paul (MN); Hybrid; USD 107,000 - 194,000; Full time

Job summary

The State Board of Investment (SBI) is seeking an Investment Analyst, Performance Analytics in St. Paul, MN. This role supports internal/external performance reporting, validation and reconciliation of performance data, and collaboration with investment staff and external providers.

Reporting to the Head of Performance Analytics, you will help maintain accurate performance measures, benchmarks, and risk analysis, with duties spanning data quality, attribution studies, and reporting enhancements.

Qualifications

• Bachelor's degree
• At least three (3) years of professional experience at a financial services firm or in a comparable role
• Working knowledge of institutional investment concepts, including asset allocation, investment performance, portfolio benchmarks, investment vehicles, and the objectives of major asset classes
• Proficiency in Microsoft Excel and other Microsoft Office applications
• Demonstrated attention to detail, strong organizational skills, and the ability to prioritize multiple tasks, projects, and deadlines
• Experience communicating effectively with professionals across functions and at different organizational levels
• Willing participation in and progress toward completion of the CFA program

Responsibilities

• Calculate and report portfolio and composite performance across the many line items and asset classes in SBI’s investment program
• Generate internal and external reporting to support SBI staff, including daily performance monitoring, quarterly board books, annual reports, and attribution and risk analysis
• Maintain data quality, consistency, and accuracy across custodial, accounting, and internal platforms for performance measurement and reporting purposes
• Contribute to ongoing and ad hoc projects such as asset allocation studies, system and/or process enhancements, and performance measurement and reporting enhancements

Skills

Investment concepts

Excel

Communication

Detail-oriented

CFA progress

Team collaboration

Education

Bachelor's degree

Tools

Excel

Job description

Working Title: Investment Analyst, Performance Analytics

Job Class: Investment Analyst, Intermediate or Investment Analyst, Senior

Agency: MN State Board of Investment

• Job ID : 97464

• Location : St. Paul

• 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.

• Full/Part Time : Full-Time

• Regular/Temporary : Unlimited

• Who May Apply : Open to all qualified job seekers

• Date Posted : 10/06/2026

• Closing Date : 10/23/2026

• Hiring Agency/Seniority Unit : Investment Board / Investment Board-Excluded Oth

• Division/Unit : State Board Of Investment(SBI) / Performance Analysis

• Work Shift/Work Hours : Not Applicable Shift

• Days of Work : Monday - Friday

• Travel Required : Up to 5%

• Salary Range(s):

• Investment Analyst, Intermediate: $106,592 – $137,370 annually

• Investment Analyst, Senior: $143,821 – $193,871 annually

• Classified Status : Unclassified

• Bargaining Unit/Union : 221 - Excluded All Others/Unrep

• FLSA Status : Exempt - Professional

• Designated in Connect 700 Program for Applicants with Disabilities (https://mn.gov/mmb/careers/diverse-workforce/people-with-disabilities/connect700/) : No

The work you'll do is more than just a job.

At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities.

About the SBI :

The Minnesota State Board of Investment (SBI), established by Article XI of the Minnesota Constitution, is responsible for investing all state funds. Its membership, as specified in the Constitution, consists of the Governor (who serves as chair), the State Auditor, the Secretary of State, and the Attorney General.

The SBI manages over $170 billion across the State’s retirement funds, cash accounts, and other pools and trusts. These assets are invested across multiple strategies, including public and private equity, fixed income, real assets, and private credit. The SBI invests primarily through external managers, with the goal of generating attractive long-term returns without taking undue risk.

About the Opportunity:

The SBI is conducting a search for a detail-oriented and mission-driven Investment Analyst, Performance Analytics, to support its Investment Performance function. This position offers a strong opportunity for an investment professional with experience or interest in investment performance calculation and reporting to contribute to a leading public pension fund.

Reporting to the Head of Performance Analytics, this position is responsible for leading the generation of internal and external performance reporting, calculation, and monitoring, as well as daily validation and reconciliation of performance records. The successful candidate will work closely with investment staff and external service providers to maintain the integrity of performance measurement, risk management, and reporting.

The position requires familiarity with institutional investment concepts and the ability to work with information related to portfolio strategy, asset allocation, investment performance, benchmarks, and composite construction. The successful candidate will ensure that the SBI’s performance is consistently and accurately communicated to all stakeholders and constituents.

Primary Responsibilities:

• Calculate and report portfolio and composite performance across the many line items and asset classes in SBI’s investment program, including results at the total-plan level.

• Generate internal and external reporting to support SBI staff, including daily performance monitoring, quarterly board books, annual reports, and attribution and risk analysis

• Maintain data quality, consistency, and accuracy across custodial, accounting, and internal platforms for performance measurement and reporting purposes

• Contribute to ongoing and ad hoc projects such as asset allocation studies, system and/or process enhancements, and performance measurement and reporting enhancements

Minimum Qualifications

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

• Bachelor's degree

• At least three (3) years of professional experience at a financial services firm or in a comparable role.

• Working knowledge of institutional investment concepts, including asset allocation, investment performance, portfolio benchmarks, investment vehicles, and the objectives of major asset classes.

• Proficiency in Microsoft Excel and other Microsoft Office applications.

• Demonstrated attention to detail, strong organizational skills, and the ability to prioritize multiple tasks, projects, and deadlines.

• Experience communicating effectively with professionals across functions and at different organizational levels.

• Willing participation in and desire to make continuous progress toward completion of the Chartered Financial Analyst (CFA) program.

Preferred Qualifications

• 5+ years of professional experience at a financial services firm, or equivalent

• Experience in investment performance measurement, reporting and analysis, or related field

• Experience working with an asset allocator such as a public or corporate plan sponsor, endowment, or foundation

• Advanced Excel skills (Macros/PivotTables/Advanced formulas) and/or experience with Power BI, Tableau, or other business intelligence tools

• Advanced analytical, technical, and problem solving skills applicable to process enhancements, operational optimization, and data management

• Completion or progress toward the Chartered Financial Analyst (CFA) program and/or the Certificate of Investment Performance Measurement (CIPM) program

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 does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

AN EQUAL OPPORTUNITY EMPLOYER

Minnesota State Colleges and Universities is an Equal Opportunity employer/educator committed to the principles of diversity. We prohibit discrimination against qualified individuals based on their race, sex, color, creed, religion, age, national origin, disability, protected veteran status, marital status, status with regard to public assistance, sexual orientation, gender identity, gender expression, or membership in a local commission as defined by law. As an affirmative action employer, we actively seek and encourage applications from women, minorities, persons with disabilities, and individuals with protected veteran status.

Reasonable accommodations will be made 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 [e-mail] . Please indicate what assistance is needed.