What are the responsibilities and job description for the Investment Officer, Private Markets position at State of Minnesota?
Working Title : Investment Officer, Private Markets
Job Class : Investment Officer
Agency : State Board of Investment
Job ID : 83191
Location : St. Paul
Telework Eligible : Yes - Up to 3 days per week
Full / Part Time : Full-Time
Regular / Temporary : Unlimited
Who May Apply : Open to all qualified job seekers
Date Posted : 01 / 13 / 2025
Closing Date : 02 / 03 / 2025
Hiring Agency : Investment Board
Division / Unit : State Board Of Investment(SBI) / Private Markets
Days of Work : Monday - Friday
Travel Required : Yes - Up to 30% of the time
Salary Range : $76.01 - $107.74 / hourly; $158,708 - $224,961 / annually
Classified Status : Unclassified
Bargaining Unit / Union : 220 - Manager / Unrep
FLSA Status : Exempt - Executive
- SBI currently utilizes a hybrid model, with a minimum of two anchor days in-office per week. This is subject to change at the discretion of the SBI Executive Director.
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 Investment Officer, Private Markets will conduct investment research & analysis, lead due diligence efforts used in hiring and monitoring investment managers, evaluate investment portfolio performance, and contribute to portfolio risk management efforts. The successful candidate will work with other investment staff across the entire State Board of Investment (SBI). The State Board of Investment's private markets staff is responsible for identifying, performing due diligence, monitoring, and reporting on all private markets investments, including private equity, real estate, private credit and other real assets investments.
The SBI is responsible for the management of over $145 billion in assets from state and public employees invested in the defined benefit, defined contribution, and deferred compensation plans, non-retirement accounts, and state cash accounts.
This position is responsible for the following :
Working closely with SBI staff, general partners, consultants, and other constituents to implement goals and objectives.
Maintaining and developing relationships with the SBIs private market general partners.
Participating actively in small and large group meetings with staff, external investment managers and the SBIs Investment Advisory Council and other constituents.
Identifying, evaluating, recommending, and monitoring private markets investments.
Performing due diligence and developing relationships with potential new investment opportunities.
Coordinating the discussion of general partner legal and business terms and conditions in partnership agreements with SBIs internal legal staff.
Assisting SBI senior investment staff in developing and implementing overall portfolio strategy.
Assisting in overall private markets strategic portfolio management, including cash flow modeling, asset class review and general preparation of written and verbal presentations.
Attend off-site annual meetings and due diligence and monitor meetings and industry conferences.
Mentor and develop junior staff
Contributing as a member of a team committed to diversity, equity and inclusion in our work and workplace.
Minimum Qualifications
Bachelors Degree.
At least five (5) years of professional experience as an analyst, researcher, consultant, or similar position within a finance or investment setting.
Intermediate-to-advanced skill level in Microsoft Excel.
Successful completion, or enrollment in the program and demonstrated continuous progress towards completion, of the Chartered Financial Analyst (CFA) program.
Ability to work collaboratively with colleagues to achieve organizational goals; solicits input by genuinely valuing others ideas and expertise; is willing to learn from others.
Excellent organization skills and the ability to handle and prioritize multiple tasks in order to deliver outputs within prescribed times and quality standards.
Preferred Qualifications
At least five (5) years of experience in sourcing, providing due diligence, monitoring private market managers, and / or co-investment opportunities.
Experience in financial modeling or data analytics.
Progress toward an advanced degree and / or CFA designation.
The development of a network of peers in the private markets and institutional investment industry.
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 Retirement Systems 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.
Salary : $158,708 - $224,961
