Senior Manager, Investment Performance and Analytics

Working Title : Senior Manager, Investment Performance and Analytics

Job Class : Investment Officer / Portfolio Manager

Agency : MN State Board of Investment

Job ID : 89047

Location : St. Paul

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

Full / Part Time : Full-Time

Regular / Temporary : Unlimited

Who May Apply : Open to all qualified job seekers

Date Posted : 09 / 19 / 2025

Closing Date : 10 / 13 / 2025

Hiring Agency / Seniority Unit : Investment Board / Investment Board-Managerial

Division / Unit : State Board Of Investment (SBI)

Work Shift / Work Hours : Day Shift

Days of Work : Monday - Friday

Travel Required : Yes, up to 20%

Salary Range :

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

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

Classified Status : Unclassified

Bargaining Unit / Union : 220 - Manager / Unrep

FLSA Status : Exempt - Executive

Designated in Connect 700 Program for Applicants with Disabilities (https : / / mn.gov / mmb / careers / diverse-workforce / people-with-disabilities / connect700 / ) : Yes

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.

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. As of December 31, 2024, the SBI was responsible for the management of assets totaling 149.7 billion.

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.

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 careers@state.mn.us . Please indicate what assistance is needed.