Investment Analyst - Fixed Income - )
The Montana Board of Investments (BOI) provides prudent investment management of state and local government funds and supports economic growth across Montana. MBOI manages a range of investment programs and works with financial institutions, state agencies, and local governments to enhance and expand Montana's economy.
The Fixed Income – Investment Analyst provides critical analytical, trading, and operational support to the Board's investment staff, with a primary focus on internally managed fixed income portfolios. The role focuses on domestic, investment-grade bonds across multiple portfolios, including Core Fixed Income for the Consolidated Asset Pension Pool (CAPP), the Trust Funds Investment Pool (TFIP), the Short-Term Investment Pool (STIP), and the State Fund Investment Portfolio (SFIP).
The analyst contributes to security selection, portfolio analytics, and performance monitoring, and collaborates closely with the Director of Fixed Income, Chief Investment Officer, Executive Director, and other senior investment staff. This is an excellent opportunity for a motivated investment professional to deepen fixed income expertise in a mission‑driven public investment organization.
Key Responsibilities
* Conduct quantitative and qualitative credit analysis on new and existing fixed income investments and present recommendations to the fixed income team.
* Execute all aspects of trading and settlement for fixed income securities under the guidance of the Director of Fixed Income.
* Develop and maintain knowledge of capital markets, issuers, and sectors using tools such as Bloomberg, external research services, and other publicly available information.
* Monitor portfolio performance, risk, and activity in absolute terms and relative to benchmarks, and maintain pool and/or portfolio analytics for internal and external management programs.
* Create and maintain investment information, reports, and analytics that support monitoring, decision‑making, and communication of the investment process.
* Assist internal accounting staff and the custodial bank with processing investment transactions and achieving reporting standards.
Benefits
* Professional Growth Opportunities
* Work/Life Balance
* Competitive benefit packages
* Access to regional, no-cost health centers
* Excellent retirement options, Defined Benefit or Defined Contribution plans
* Generous Paid Vacation and Sick Leave and Holidays
The BOI Team
Our foundation of success is a team that is effective and dedicated, built on mutual trust and respect. We provide a challenging and rewarding work environment that allows you and the team to succeed. Our team has clear goals that are encouraged through compensation, recognition, and growth opportunities. The environment at BOI is dynamic, and the work continually evolves, providing opportunities to learn, grow, and advance in one's career.
Learn more about the Montana Board of Investments here.
Living In Helena, Montana
Helena offers great schools, a thriving arts and culture scene, outdoor recreation of every kind, and fantastic healthcare services to provide all you want and need. Tucked just below the Continental Divide, Helena is centrally located between Yellowstone and Glacier National Parks. Helena also has a rich history, originally founded as a gold camp during the Montana gold rush.
Helena is a relatively quiet place to call home, where small‑town living can include outdoor adventure. Learn more about moving to and/or living in Helena, Montana, here.
Qualifications
* Bachelor's degree in Business Administration, Accounting, Finance, Economics, or a closely related field.
* One to three years of experience in asset management, investment management, investment consulting, or other financial fields.
* Demonstrated knowledge of investment types, their application, use, and markets.
This position requires the successful completion of a background check.
Applicant Pool Statement: If another department vacancy occurs in this job title within six months, the same applicant pool may be used for the selection.
Training Assignment: This agency may use a training assignment. Employees in training assignments may be paid below the base pay established by the agency pay rules. Conditions of the training assignment will be stated in writing at the time of hire.
Salary: $93,025.00 - 114,062.00 Yearly
Telework Eligibility: Not Telework Eligible Benefits Package Eligibility: Health Insurance, Paid Leave & Holidays, Retirement Plan
Number of Openings: 1 Employee Status: Regular Schedule: Full-Time
Job Type: Standard Shift: Day Job Travel: Yes, 10 % of the Time Primary Location: Helena Agency: Board of Investments Union: 000 - None
Posting Date: Jan 12, 2026, 7:00:00 AM Closing Date (based on your computer's timezone): Feb 21, 2026, 6:59:00 AM
Required Application Materials: Cover Letter, Resume
Contact Name: Peggy MacEwen | Contact Email: | Contact Phone: The State of Montana has a decentralized human resources (HR) system. Each agency is responsible for its own recruitment and selection. Anyone who needs a reasonable accommodation in the application or hiring process should contact the agency's HR staff identified on the job listing or by dialing the Montana Relay at 711. Montana Job Service Offices also offer services including assistance with submitting an online application.
State government does not discriminate based on race, color, national origin, religion, sex, sexual orientation, gender identity or expression, pregnancy, childbirth or medical conditions related to pregnancy or childbirth, age, physical or mental disability, genetic information, marital status, creed, political beliefs or affiliation, veteran status, military service, retaliation, or any other factor not related to merit and qualifications of an employee or applicant.
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