Investment Analyst, Performance Analytics

Minnesota State Board of Investment

Saint Paul (MN)

Hybrid

USD 107,000 - 194,000

Full time

8 days ago

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Benefits offered by this job

Health insurance

Paid vacation and sick leave

12 paid holidays each year

Pension plan

Tuition reimbursement

Job summary

The Minnesota State Board of Investment is seeking a detail‑oriented Investment Analyst, Performance Analytics, to lead performance calculation and reporting. You will work with investment staff and external providers to ensure accurate performance measurement, risk analysis, and board‑level reporting.

A CFA track is encouraged and experience with Excel and BI tools is valued. Reporting to the Head of Performance Analytics, you’ll support daily validation, reconciliation, and investment

Qualifications

Bachelor's degree required.
At least three (3) years of professional experience in financial services or similar roles.
Knowledge of institutional investment concepts including asset allocation, performance, benchmarks and asset classes.
Proficiency in Microsoft Excel and other Office apps.
Strong attention to detail and organizational skills; ability to prioritize tasks.
Experience communicating across functions and levels.
Willingness to pursue CFA program.

Responsibilities

Calculate and report portfolio and composite performance across asset classes.
Generate internal and external reporting for daily monitoring, board materials, and annual reports.
Maintain data quality across custodial, accounting, and internal platforms.

Skills

Analytical skills

Attention to detail

Communication

Excel proficiency

Team collaboration

CFA progress

Education

Bachelor's degree

Tools

Microsoft Excel

Power BI

Job description

Education Verification

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: 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

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.

Benefits

As an employee, you'll have access to one of the most affordable health insurance plans in Minnesota, along with other benefits to help you and your family be well.

Your benefits may include

Paid vacation and sick leave
12 paid holidays each year
Low-cost medical, dental, vision, and prescription drug plans

Fertility care, including IVF
Diabetes care
Dental and orthodontic care for adults and children

6 weeks paid leave for parents of newborn or newly adopted children
Pension plan that provides income when you retire (after working at least three years)
Employer paid life insurance to provide support for your family in the event of death
Short-term and long-term disability insurance that can provide income if you are unable to work due to illness or injury
Tax-free expense accounts for health, dental, and dependent care
Resources that provide support and promote physical, emotional, social, and financial well-being

Support to help you reach your career goals

Training, classes, and professional development
Tuition reimbursement
Federal Public Service Loan Forgiveness Program (Some positions may qualify for the Public Service Loan Forgiveness Program. For more information, visit the Federal Student Aid website at studentaid.gov)

Employee Assistance Program (EAP) for work/life support

A voluntary confidential program that helps employees and their families with life challenges that may impact overall health, personal well-being, or job performance
Common sources of stress can be addressed through the EAP: mental health, relationship challenges (personal and work), grief and loss, finances, and legal issues
Daily Living/Convenience Services: Chore services, home repair, trip planning, child/elder care

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.

EQUAL OPPORTUNITY EMPLOYERS

Minnesota state agencies are equal‑opportunity, affirmative action, and veteran‑friendly employers. State agencies are committed to creating a workforce that reflects the diversity of the state and strongly encourages persons of color and Indigenous communities, members of the LGBTQIA2S+ community, individuals with disabilities, women, and veterans to apply. The varied experiences and perspectives of employees strengthen the work we do together and our ability to best serve Minnesotans.

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, national origin, sex (including pregnancy, childbirth, and disabilities related to pregnancy or childbirth), gender identity, gender expression, marital status, familial status, age, sexual orientation, status regarding public assistance, disability, veteran status or activity in a local Human Rights Commission or any other characteristic protected by law.

Applicants With Disabilities

Minnesota state agencies make reasonable accommodations to their employees and applicants with disabilities. If you have a disability and need assistance in searching or applying for jobs with the State of Minnesota, call the Careers Help Desk at 651-259-3637 or email careers@state.mn.us and let us know the support you need.

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