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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Bismark, Texas

Salary: $110K - $130K

State trust lands were granted by the United States Congress to states upon entering the Union. These lands were designated to support essential public institutions which are primarily public schools. State trust land managers lease and sell these lands to generate revenue for current and future designated beneficiaries. Predominantly found in the western United States, 46 million acres of land are currently designated as trust lands and the proceeds from the lease and sale of these lands are distributed into a state’s permanent fund and used for many purposes. $7bn AUM. Details below.

The Investment Officer plays an integral role in asset allocation, portfolio construction and risk management of the $7 billion investment portfolio. This entails researching asset classes, evaluating investment managers, measuring portfolio risks, monitoring compliance guidelines and providing the Land Board with the analysis and recommendations needed to make prudent investment decisions.

Location: The office is in Bismarck, ND. This position may work in the Bismarck, ND office, remotely from anywhere within the State of North Dakota, or work hybrid from both the Bismarck, ND office and remotely from home.

Starting Salary Range: $110,000 – $130,000 annually ($9,166 – $10,833 monthly).

Responsibilities & Duties

 

  • Perform research and analysis to underwrite investment managers and service providers.
  • Create financial models to monitor investment manager performance and risk.
  • Collaborate with consultant to review portfolio allocations and make recommendations.
  • Prepare asset allocation and performance reports for presentation at monthly Land Board meetings.
  • Manage recordkeeping of contracts, statements and investment manager correspondences.
  • Participate in meetings with investment managers and maintain appropriate records of such interactions.
  • Work with general counsel to negotiate investment management contracts.
  • Work with custody bank to ensure timely and accurate reporting.
  • Support operations function with statement/invoice reconciliation and cash flow management.
  • Support accounting function to close the books and fulfill auditor requests related to investments.

Minimum Qualifications

 

  • Bachelor’s degree in accounting, business, economics, finance, or closely related field and five years of professional work experience in fund investment analysis
  • A Master’s degree in one of the above fields may substitute for two years of the experience requirement.
  • High degree of proficiency with Microsoft Word, Excel, Outlook, database management and investment-related software.
  • Excellent interpersonal, verbal, and written communication skills.

Desired Knowledge, Skills, And Abilities

 

  • Master of Business Administration (MBA)
  • Chartered Financial Analyst (CFA), Chartered Asset Allocator (CAA), and/or Chartered Alternative Investment Analyst (CAIA) credentials.
  • High degree of proficiency with Microsoft, database management and investment-related software.
  • Excellent interpersonal, verbal, and written communication skills.

Application Procedures

Applicants must complete an online application, by 11:59 p.m. on the closing date, via the State of ND Careers site: www.nd.gov/careers .

The following must be attached to the application when submitted:

 

  • Cover letter
  • Resume
  • Cover letter
  • Three work-related professional references
  • College transcripts (if applicable; copies or unofficial version are acceptable)

Applicants must be legally authorized to work in the United States. The Department of Trust Lands does not provide sponsorships. Due to access to restricted information, the successful candidate will be required to complete a satisfactory criminal background check.

For more information about the position please contact Catelin Newell at cnewell@nd.gov or 701-328-2810.If accommodation or assistance is needed in the application or interview process, please contact Lynn Burgard at lyburgard@nd.gov or 701-328-4826.

Total Rewards: The State of North Dakota is committed to providing team members with a strong and competitive rewards package that support you, your health and your family.

Considering a new position on Team ND? How does your current position stack up? Use our Total Rewards Calculator to estimate.

Equal Opportunity Employer

The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex (including sexual orientation and gender identity), genetics, religion, age or disability in employment or the provisions of services and complies with the provisions of the North Dakota Human Rights Act.

As an employer, the State of North Dakota prohibits smoking in all places of state employment in accordance with N.D.C.C.

  • 23-12-10.