What are the responsibilities and job description for the Financial Svcs/Investment Ops Student Worker - Student Worker Para-Professional Senior position at Minnesota Careers?

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.

Job Details

Working Title : Financial Svcs / Investment Ops Student Worker

Job Class : Student Worker Para-Professional Senior

Agency : Investment Board

Job ID : 84084
Location : St. Paul
Telework Eligible : No
Full / Part Time : Part-Time
Regular / Temporary : Limited
Who May Apply : Open to all qualified job seekers
Date Posted : 02 / 14 / 2025
Closing Date : 03 / 07 / 2025
Hiring Agency / Seniority Unit : Investment Board / Investment Board-AFSCME
Division / Unit : State Board Of Investment(SBI) / Accounting
Work Shift / Work Hours : 8 : 00am-4 : 30pm
Days of Work : Monday - Thursday
Travel Required : No
Salary Range : $19.56 - $23.26 / hourly
Classified Status : Unclassified
Bargaining Unit / Union : 207 - Technical / AFSCME
Work Area : Accounting
End Date : 07 / 31 / 2025
FLSA Status : Nonexempt
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.

Job Summary

As part of a structured summer program, the student worker will be assigned to the Financial Services and Accounting Team. A student worker in this class performs and learns to perform financial services and investment operations work assisting the Minnesota State Board of Investment (SBI) staff in reconciling investment managers, public and private market investment fees, trade order entry, broker settlement and other daily investment reconciliations. Additionally, this position will work on other financial services and accounting projects such as reporting and accounting for defined benefit retirement plans, defined contribution plans, non-retirement accounts and tax-advantaged savings plans for the State of Minnesota and its employees. By the end of the program, the student will gain a deeper understanding of the SBI's mission and financial operations.

Some student worker responsibilities will be :

Attend meetings with financial services staff and SBI's custodial bank.

Update and create new reports and analyses for the team.

Assist with the completion of daily, monthly, and quarterly transactions.

Assist with the daily reconciliation of internally managed funds.

Assist with the monthly reconciliation of public and private market investment managers.

Assist with the investment orders and settlement reconciliation of internally managed funds.

Candidates should be able to work 32 hours per week between 8 : 00am and 4 : 30pm Monday through Thursday from June 2, 2025 through July 31, 2025, with flexibility to accommodate academic calendars as necessary. Depending on available work projects and activities, the internship could be extended for an additional two weeks until August 14, 2025 . The SBI offices will be closed the week of June 30-July 4, student workers will not work this week.

This position may count towards internship credit with your university. You will need to work with your university to determine if this position will qualify as an internship.

Qualifications

Minimum Qualifications

Undergraduate student having completed their second (sophomore) or third (junior) year of study in an accounting, finance or business related field.

Applicants who meet the above requirements will be further evaluated based on the following :

Communication and human relation skills sufficient to interact with supervisory staff, co-workers, and the public

Understand and follow instructions, both oral and written, to complete assignments correctly

Ability to handle multiple projects

Ability to work individually and to collaborate in a team environment

To be eligible as a student worker, you must be a student enrolled in a post-secondary program. If you are enrolled at a credit granting institution, you must carry at least six semester credits; if enrolled at a non-credit granting institution or one that only offers one credit per class, you must be taking two or more classes per semester. You will be asked to complete an Educational Verification form prior to appointment.

Preferred Qualification

A student with an interest in public service.

A student with an interest in learning more about accounting and investment related topics.

Additional Requirements

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 United States.

Application Details

How to Apply

Select "Apply for Job" at the top of this page. If you have questions about applying for jobs, contact the Careers Help Desk at 651-259-3637 or email careers@state.mn.us . For additional information about the application process, go to .

Contact

If you have questions about this position, contact Sally Spreeman at sally.spreeman@hr.mnretirement.us

To receive consideration as a Connect 700 Program applicant, apply online, email the Job ID#, the Working Title and your valid Proof of Eligibility Certificate by the closing date to Sally Spreeman at sally.spreeman@hr.mnretirement.us .

Working together to improve the state we love.

What do Minnesota's State employees have in common?

A sense of purpose in their work

Connection with their coworkers and communities

Opportunities for personal and professional growth

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.

Salary : $20 - $23

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