DESCRIPTION/RESPONSIBILITIES:
Directly accountable for the operating portfolio’s overall risk adjusted performance while ensuring sound implementation of the corporate investment policy including compliance with federal and state law. Support the corporate goals and objectives.
Maintain awareness of external (e.g. market, regulatory, accounting) trends and events impacting the institutional investment space and corporate investment program. Lead the development and maintenance of guiding documents including the corporate strategic plan, budget documents and policy and process statements. Evaluate, review and recommend changes to strategic and tactical asset allocation, risk budget, investment strategy, asset/liability studies and other major investment decisions on an ongoing basis to ensure optimal performance. Oversee external investment manager and consultant searches, ensuring that well qualified candidate firms are recommended. Oversee risk adjusted performance and compliance activities of the external and internal investment teams, recommending corrective actions for underperformance and non-compliance. Develop and implement training and professional development plans for investment staff in partnership with Human Resources. Develop detailed annual budget for the investment function and all related activities. Develop and prepare materials for the Board of Directors’ Finance Committee, including sound and fully supported policy recommendations, manager fund performance and investment risk.
