The Fund is administered by a 9-member Board of Trustees. The Board is a fiduciary and has original and exclusive jurisdiction over all matters relating to the Fund, including benefits administration and the investment of the assets. As a fiduciary, the Board will discharge its duties in the sole interest of the participants and
beneficiaries of the Fund.
The Director of Investments is a member of the leadership team and reports to the Executive Director. The Director of Investments is responsible for providing subject matter expertise to the Board of Trustees and the Investment Committee of the Board and has oversight responsibility for all aspects of the Fund’s investment
Essential duties of the Director of Investments include the following:
- Oversee the daily administration of the Fund’s assets
- Monitor and manage the Fund’s liquidity needs. Specifically, to ensure cash is available to meet benefit payments, capital commitments and other obligations
- Rebalance assets consistent with Board approved allocation
- Maintain the Investment Policy Statement
- Implement Board approved investment policy and strategies
- Establish and maintain manager compliance with Investment Manager guidelines
- Interact with the Fund’s external Investment Consultant
- Conduct approved investment service provider searches and evaluate candidates
- Monitor and report Fund performance
- Monitor investment managers and make recommendations when warranted
- Negotiate, along with counsel, investment management agreements with investment managers where required
- Prepare agendas and meeting materials for Board and Committee meetings and present to the Board and Committee as requested
- Respond to inquiries and prepare mandated reports to state legislators or other governmental agencies
- Report on emerging trends and issues of concern to public pension funds generally and to the Fund in particular
- Provide investment-related support to all year-end financial reporting activities of the Fund
Minimum Requirements of the Director of Investments:
- Undergraduate degree in business, economics, finance or related field from an accredited college or university. An advanced degree is preferred.
- A Chartered Financial Analyst designation (or concurrent pursuit) is preferred.
- Minimum 10 years of demonstrated institutional investment related professional experience, which includes progression to a senior level position, in a complex organization or financial institution.
- Knowledge and experience with asset allocation and fluency in all asset classes including alternative investments.
- Demonstrated ability to think strategically related to the management of a public pension system investment portfolio.
- Sharp analytical and quantitative skills with exceptional capacity to evaluate complex financial investments and perform detailed financial analysis.
- A comprehensive understanding of capital markets, investment strategies, principles and practices of institutional investing, investment operations and investment policy development.
- Excellent written and verbal communication skills and the ability to present information on complex investment topics in an understandable manner to the Board of Trustees and other internal and external stakeholders.
- Highly organized with a proven ability to develop project plans, provide regular updates, and adjust project direction as needed.
- Excellent interpersonal skills and the ability to effectively work with the Board of Trustees, service providers, and all levels of Fund staff as a representative of Fund leadership.
- Ability to maintain the highest level of confidentiality and integrity and exercise appropriate judgment in answering questions and responding to requests.
- Passion for public service and the mission of public retirement systems. Public sector pension fund experience is preferred.