Title: Senior Manager, Investment Performance and Analytics

Classification: Investment Officer/Portfolio Manager

Travel Required: Yes - up to 20%

Salary Range:

Investment Officer Classification: $162,843 – $230,808 annually

Portfolio Manager Classification:  $185,895 – $274,888 annually

Telework Eligible: Yes, up to 3 days per week, subject to the discretion of the Executive Director & CIO

Reports to: Deputy Chief Investment Officer

About the Opportunity

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.

The State Board of Investment (SBI) is seeking a highly motivated Investment Professional to lead and manage the Performance Analytics team. This team is responsible for collecting, monitoring, reconciling, and reporting performance data to ensure the highest standards of accuracy, consistency, and timeliness. Performance information is delivered to senior leadership, the Board, the Investment Advisory Committee, and investment team leads for all assets under the firm’s management.

The successful candidate will play a critical role in ensuring the precision, integrity, and timely distribution of performance information, while also driving enhancements in processes, systems, and reporting frameworks. The role will work closely with the internal financial services team, the risk team, custodians, plan service providers, and senior leadership to meet the SBI’s performance data needs and support decision‑making at the highest levels.

Primary Responsibilities

• Set the team’s strategy and direction to align with organizational goals.
• Direct and oversee the completion of ad-hoc and ongoing performance projects.
• Serve as the subject matter expert for investment performance, SBI fund structure, and data sources, with an eye to industry best practices.
• Ensure data integrity, consistency, and accuracy across custodial data, plan accounting, internal databases, and all performance and attribution reports.
• Collaborate across teams (investment, risk, operations, compliance) and with external partners (custodians, plan administrators, consultants) to ensure the governance and transparency of performance figures.
• Contribute to strategic initiatives such as asset allocation studies, policy reviews, system enhancements, and performance measurement improvements.
• Train and mentor junior colleagues to develop performance measurement expertise within the team.
• Act as a primary point of contact for performance-related inquiries, issues, and change management.

Minimum Qualifications

• Five (5) or more years of professional experience in investment performance reporting, fund accounting, or similar analytical roles.
• Two (2) or more years of leadership or team management experience.
• Experience in investment performance measurement, reporting, analysis, and GIPS standards.
• Strong understanding of accounting principles related to investment accounting and Net Asset Value (NAV) valuation.
• Strong knowledge of investment concepts, performance, attribution analysis, risk statistics, and portfolio characteristics.
• Experience with performance systems and investment analytics platforms.
• Advanced analytical, mathematical, and problem‑solving skills.
• High proficiency in Microsoft Excel and other Microsoft Office applications.

Preferred Qualifications

• Ten (10) or more years of professional experience in investment performance reporting, fund accounting, or similar analytical roles.
• Proficiency in modern programming language(s) such as SQL or Python, and advanced analytical techniques.
• Experience in designing integrated data models, reports, and interactive dashboards using artificial intelligence (AI) tools.
• CIPM, CFA, and/or advanced degree preferred.

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

Why Work for Us:

The State of Minnesota also has over 100 state agencies, so the possibilities of serving our great state through a multitude of programs and roles are endless! The State of Minnesota also has our own Enterprise Talent Development department to keep your skills and knowledge sharp. You may also qualify for Public Service Loan Forgiveness, which forgives the remaining balance of your student loans after 120 qualifying monthly payments!

In addition to a competitive wage, we offer a comprehensive benefits package including low cost/high value medical and dental insurance, employer paid life insurance, retirement plan, health care savings plan, generous vacation and sick leave, paid holidays, and numerous tax-deferred benefit options (e.g., 457B investment plan, long and short-term disability plans, etc.). Benefits offered are:

• Medical and dental insurance
• Life insurance
• 11 paid holidays per year
• Parental leave
• Pension and retirement saving plan
• Vacation and Sick leave
• Long and short term disability insurance

HOW TO APPLY:

https://msbi.us/employment-opportunities#open

Posting Closes:  October 13, 2025