Summary: The Chief Investment Officer (CIO) is responsible for the investment performance and the management of the Investment Division. Working with the Chief Executive Officer (CEO), Chief Financial Officer (CFO) and Board of Directors, the CIO recommends and implements the policies, strategies, and initiatives all investment related activities for the Company. The CIO oversees key aspects of the program including internal asset management, external asset management, portfolio rebalancing, risk management and compliance, and staffing. The CIO is also a member of the organization’s Leadership, serving on both the Guiding Council and Leadership Council that oversee the strategic direction of investments. Finally, the CIO serves as liaison to external constituencies on investment-related issues as needed or requested.
Essential Duties and Responsibilities include the following.
1. Develops and recommends investment policies and strategies.
2. Directs the identification, development, and implementation of strategies and initiatives to enhance investment performance and the investment processes of the Company.
3. Directs the preparation of key investment strategy documents, including the Annual Investment Plan, and the investment section of the organization’s strategic plan.
4. Reviews and monitors investment performance. Works with direct reports to ensure timely and effective decision-making, consistent with policy.
5. Reviews and monitors portfolio risk characteristics and compliance with investment guidelines.
6. Monitors asset allocation and implements re-balancing actions in accordance with the investment policy.
7. Meets monthly with the Board’s Investment Committee to communicate investment strategy, initiatives, performance, and other appropriate matters. Maintains open and constructive relations with the Board.
8. Coordinates activities with the independent consultant(s), maintaining open communication and constructive relations.
9. Directs the preparation of the annual Investments operating budget.