The North Carolina Investment Authority (NCIA) is a separate and independent state agency, governed by a Board of Directors chaired by the State Treasurer, tasked with investing North Carolina’s $144 billion in pension assets. The NCIA was created effective July 1st, 2025, and assumed statutory investment powers and duties from the Department of State Treasurer effective January 1, 2026. Details below.
Role Description
We are seeking a full-time Portfolio Manager and an Investment Analyst on the Real Assets team to be based on-site in Raleigh, NC. In these roles, the Portfolio Manager and Investment Analyst will become Specialists in the asset class, which includes infrastructure, energy, mining, agriculture and other natural resources. These roles support a team that conducts sector research, develops investment themes, evaluates fund sponsors, sources direct and co-investment opportunities, engages in due diligence and financial modeling, prepares investment memos, negotiates terms, and ensures compliance with internal policies. Investment professionals can expect to form relationships across the industry and be exposed to a broad spectrum of industry information and transaction deal flow.
Qualifications
Each member of the team has the opportunity to add value to our mission at every stage of the investment process, with the level of responsibility dependent on the prior experience, expertise, and dedication that each individual brings to the team.
For the Portfolio Manager position, qualified candidates will likely have 8-10 years or more of work experience in the financial markets with transaction expertise in one or more real asset sectors. Those with a degree in engineering, science, or finance and experience working in a private equity firm, pension fund, Sovereign Wealth Fund, endowment, or consultant firm may be best positioned to excel in this role. An advanced degree (e.g. MBA, MS) or certification (e.g. CFA, CAIA, IA) may be advantageous, but not required.
Experience the NCIA Difference:
- Building a new organization committed to executing best practices in governance and investing
- Committed to investing in its team through ongoing training and professional development.
- Provides career growth opportunities for motivated employees.
- Market based compensation, including an Incentive Compensation Plan.
- Raleigh consistently ranks high in quality-of-life assessments. It was recently placed in the top 5 of U.S. News and World Report’s “Best Places to Live for Quality of Life” for 2024-2025, highlighting its family-friendly atmosphere and a cost of living that is on par with the national average (source: Raleigh NC Is Ranked Top 5 Places to Live in the US | New Home Inc.)
- Help with relocation costs.
- Currently, hybrid positions require on-site work 4 days a week in our Raleigh, NC office. Employees may work remotely one day a week. Hybrid schedule is subject to change.
- Offer a mandatory pension and supplemental retirement plans.
- Affordable health insurance: NC OSHR: Benefits
- Total Compensation Calculator: NC OSHR: Total Compensation Calculator
- Learn more at NCIA Website
Compensation and benefits are based on market comparable and dependent on level of experience and performance. Interested candidates should send a letter of interest and resume to: NCIAResumes@NCinvest.gov
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