Retirement Investment Officer Senior

State of Iowa - Executive Branch; Des Moines (IA); On-site; USD 120,000 - 180,000; Full time

Job summary

IPERS, based in Des Moines, IA, seeks a Retirement Investment Officer Senior to oversee private markets investments including private credit and real assets, and to expand the internal co-investment program. You will interact with external managers and internal teams to drive portfolio outcomes.

The role offers high visibility, collaboration, and opportunities for professional growth, with travel to monitor investments and engage with managers.

Qualifications

• Graduation from an accredited four-year college or university with a degree in finance, economics, business administration, or a quantitative field and experience equal to five years of full-time investment portfolio management work for a stock exchange, investment or banking firm, public or private pension system, or treasurer's office.
• Three years of full-time investment portfolio management work for a stock exchange, investment or banking firm, public or private pension system, or treasurer's office; and
• A total of four years of education and/or full-time experience (as described in part a), where thirty semester hours of accredited college or university course work in finance, economics, business administration, or a quantitative field equals one year of full-time experience;
• A total of two years of graduate-level education and full-time experience (as described in part a), where twenty-four semester hours of accredited graduate college or university course work in finance, economics, business administration, or a quantitative field equals one year of full-time experience.
• Current, continuous experience in the state executive branch that includes eighteen months of full-time work as a Retirement Investment Officer.

Responsibilities

• Evaluate and underwrite private credit and real asset fund investments.
• Manage existing investment manager relationships.
• Support expansion of IPERS' internal co-investment program.

Education

Finance/Economics/Business/Quant degree

5 years portfolio management experience

Three years of portfolio management in finance sector (as described)

Two years of graduate-level education with experience (as described)

Current, continuous experience in state executive branch incl. 18 months as Retirement Investment Officer

Job description

Retirement Investment Officer Senior

The Iowa Public Employees' Retirement System (IPERS) is seeking investment professionals to help manage and oversee its private markets portfolio, which exceeds $14 billion and includes private credit, real assets, private equity and a growing internal co-investment program.

Job Description

IPERS is considering candidates across a range of experience levels. For junior investment professionals candidates should have at least three years of experience in investment banking and/or investment management; private markets experience is preferred but not required. For senior investors, candidates should have at least 10 years of investment experience, including substantial private markets experience.

As a member of a lean, highly collaborative investment team, this professional will have the opportunity to make meaningful contributions across all aspects of private markets investing. Key responsibilities include evaluating and underwriting private credit and real asset fund investments, managing existing investment manager relationships, and supporting the continued expansion of IPERS' internal co-investment program.

The position offers significant responsibility and visibility within the organization, including direct engagement with leading investment managers and other industry participants. Operating within a flat organizational structure, the successful candidates will work closely with colleague across the investment team and contribute to a culture of collaboration, knowledge sharing and continuous improvement.

The position is based in Des Moines, Iowa and requires periodic domestic and international travel.

We Offer

• Opportunity to work with a $14B+ private markets investment portfolio


• Collaborative and dynamic work environment


• Professional development and growth opportunities


• Competitive salary and benefits package

Finalists will be subject to a background check.

E-Verify and Right to Work

The State of Iowa participates in E-Verify, a federal program that helps employers confirm the employment eligibility of all newly hired employees. Within the required timeframe, new hires will be verified through the E-Verify system to ensure authorization to work in the United States. The State of Iowa also complies with the federal Right to Work laws, which protect employees’ rights to work without being required to join a labor organization. For more information, please visit www.e-verify.gov .

Minimum Qualification Requirements

• Graduation from an accredited four-year college or university with a degree in finance, economics, business administration, or a quantitative field (e.g., mathematics, engineering, computational finance, physics, etc.), and experience equal to five years of full-time investment portfolio management work for a stock exchange, investment or banking firm, public or private pension system, or treasurer's office.


• All of the following (a, b, and c):


• Three years of full-time investment portfolio management work for a stock exchange, investment or banking firm, public or private pension system, or treasurer's office; and


• A total of four years of education and/or full-time experience (as described in part a), where thirty semester hours of accredited college or university course work in finance, economics, business administration, or a quantitative field (e.g., mathematics, engineering, computational finance, physics, etc.) equals one year of full-time experience; and


• A total of two years of graduate-level education and full-time experience (as described in part a), where twenty-four semester hours of accredited graduate college or university course work in finance, economics, business administration, or a quantitative field (e.g., mathematics, engineering, computational finance, physics, etc.) equals one year of full-time experience.


• Current, continuous experience in the state executive branch that includes eighteen months of full-time work as a Retirement Investment Officer.