Making a Difference
The State of Wisconsin Investment Board (SWIB), founded in 1951, is a premier global investment organization responsible for managing the more than $156 billion of assets of the fully funded Wisconsin Retirement System (WRS), the State Investment Fund and other state funds. Through SWIB’s effective and innovative investment management, WRS remains one of the only fully funded US public pensions. We are the 9th largest public pension fund in the U.S. and the 25th largest public or private pension fund in the world. SWIB is recognized by the investment industry for our teamwork and innovation. SWIB pursues sophisticated global investment strategies across the asset and risk allocation spectrum. Providers across the investment ecosystem seek to partner with SWIB.

Serving more than 677,000 beneficiaries of the WRS, SWIB is a mission-driven organization focused on providing a strong financial future to those who committed their careers to public service. For public employees and the 1,500 Wisconsin employers who contribute on their behalf, we are a trusted partner. Our team innovates continuously to meet the challenges of an evolving investment landscape while growing and protecting the assets of the WRS.

SWIB provides a strong, steady economic pillar for the state of Wisconsin by growing the trust funds under its management, managing risk, and optimizing costs of the long term. We are a mission-driven organization and the participants we serve are our mission. By bringing a disciplined, prudent, and innovative approach to market opportunities, SWIB has been successful in generating required returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee.

Our high-performing staff is key to what makes us a premier investment manager. SWIB is committed to investing in talented professionals to implement our robust, sophisticated investment strategies and to keep the organization at the forefront of the investment industry. We encourage innovation and offer professional development opportunities to help staff sharpen and expand their skills. Approximately 61 percent of SWIB’s investment professionals are Chartered Financial Analyst (CFA) charterholders.

About the Team

The Finance Division (Finance) serves the entire organization and is under the direction of the Chief Financial Officer. Finance is responsible for several critical functions at SWIB and comprises five teams: Finance Operations, Accounting, & Reporting, Financial Planning & Analysis, Vendor Engagement & Oversight, Performance, and Operational, Financing, & Counterparty Risk.

Finance Operations, Accounting and Reporting (FOAR) is responsible for overseeing SWIB’s general ledger, payroll processing, accounts payable, fund administration, financial reporting, and business travel. The team also manages SWIB’s budget, providing focus and oversight over SWIB’s internal costs. FOAR leverages financial data to support activities directly impacting SWIB’s performance results, including budgeting, cost benchmarking, and cost allocation. The team also is responsible for oversight of the Accounting Book of Record (ABOR), financial reporting, and accounting for a diverse set of complex multi-asset investment strategies.

Position Overview

The Fund Administration Manager reports to the FOAR Director and is responsible for the completeness, accuracy, valuation, and presentation of the trust funds’ official books and records. The role also ensures compliance with SWIB policies, industry practices, GASB, GAAP, and regulatory standards. This role oversees both internal staff and third parties.

Essential activities: