Senior Investment Officer - Institutional Asset Allocator

A Hiring Company; Jefferson City (MO); Hybrid; USD 177,300 - 216,700; Full time

Benefits offered by this job

Hybrid work environment

12 paid holidays per year

15 days annual leave

Health insurance on DAY 1

Defined Benefit Retirement Plan

Deferred Compensation Plan with employer match

Job summary

A local government investment organization is seeking a Senior Investment Officer in Jefferson City, Missouri. The role involves overseeing portfolio construction, asset allocation, and risk management. Candidates should have over 7 years of experience in institutional investing and a strong grasp of capital markets. Preferred qualifications include a Bachelor's degree in finance or economics and a CFA designation. The organization offers a negotiable salary starting at $197,000 and a hybrid work environment with various benefits.

Qualifications

• 7+ years of experience in institutional investing, asset allocation, or portfolio management.
• Strong understanding of capital markets, portfolio theory, and multi-asset investing.
• Experience working with public and/or private asset classes.

Responsibilities

• Translate macro, valuation, momentum, and risk signals into actionable portfolio positioning.
• Manage portfolio exposures relative to benchmarks and investment policy guidelines.
• Supervise and mentor investment staff to develop a high-performing investment team.

Skills

Institutional investing

Asset allocation

Portfolio management

Communication skills

Analytical skills

Education

Bachelor’s degree in finance, economics, mathematics, business, or related field

Chartered Financial Analyst (CFA) designation

Job description

Missouri Local Government Employees Retirement System (LAGERS), one of the largest institutional investors in the United States, managing more than $11 billion in assets, is seeking an experienced institutional asset allocator to join its investment team. The Senior Investment Officer (SIO) role is responsible for portfolio construction, asset allocation, and risk management across a diversified, multi-asset portfolio spanning public and private equity, fixed income, real assets, and hedge funds.

To thrive in this role, you must be experienced in exercising independent judgment to shape both strategic and tactical allocation decisions, be able to assess macroeconomic and financial market conditions, identify relative value across asset classes, and convert your conviction into disciplined portfolio action. As SIO, you will be required to utilize your expertise in tactical asset allocation, portfolio construction, and risk management daily. You will lead the implementation of allocation decisions through external investment managers and portfolio-level adjustments using futures, while serving as a trusted partner to internal stakeholders and external advisors. As a senior leader, you will set the benchmark for analytical excellence, drive strategic investment decisions, and cultivate the growth and expertise of the investment team.

Key Responsibilities

• Institutional Asset Allocation & Portfolio Construction
  • Translate macro, valuation, momentum, and risk signals into actionable portfolio positioning.
  • Manage portfolio exposures relative to benchmarks, risk budget, liquidity constraints, and investment policy guidelines.
  • Lead tactical asset allocation discussion and decisions across public and private markets within a policy-driven framework.
  • Execute allocation decisions.
• Research & Analysis
  • Conduct top-down research across equities, fixed income, real assets, and positive convexity strategies.
  • Assess relative value opportunities across asset classes and sub-asset classes.
  • Develop and maintain analytical tools, dashboards, and investment frameworks to support decision-making.
• Leadership & Governance Support
  • Supervise and mentor investment staff; contribute to the development of a high-performing investment team.
  • Prepare and present investment strategy, allocation decisions, and performance analysis to the investment team and stakeholders.
  • Support board-level reporting and presentations, translating complex investment concepts into clear, decision-useful insights.
  • Partner with investment, risk, operations, and external advisory teams.

Qualifications & Experience

• 7+ years of experience in institutional investing, asset allocation, or portfolio management.
• Strong understanding of capital markets, portfolio theory, and multi-asset investing.
• Experience working with public and/or private asset classes.
• Demonstrated ability to synthesize macro, valuation, and quantitative inputs into portfolio strategy and construction.
• Excellent written and verbal communication skills, with experience presenting to senior stakeholders or boards.

Education & Credentials

• Bachelor’s degree in finance, economics, mathematics, business, or a related field required.
• Chartered Financial Analyst (CFA) designation or master’s degree required.

Salary

Starting at $197,000, negotiable based on experience, qualifications, and value brought to the organization.

Benefits

• Hybrid work environment with a minimum of 3 collaborative in-office days.
• 12 paid holidays per year.
• Annual Leave: Starting at 15 days per year.
• Sick Leave: 15 days per year.
• Health insurance options effective DAY 1 of your employment.
• Vision, Dental, Life, Long-term Disability, and IDShield protection for you on DAY 1 of your employment.
• Defined Benefit Retirement Plan providing lifetime monthly retirement benefits at no cost to you.
• Deferred Compensation Plan with employer match.
• Professional development reimbursements and more…

Location & Lifestyle

LAGERS is headquartered in Jefferson City, Missouri, offering a high quality of life, affordable housing, and minimal commute times. Employees may also choose to live in nearby Columbia, home of the University of Missouri, with convenient access to both Kansas City and St. Louis.

Application & Selection Process

As part of our application process for the Senior Investment Officer position, applicants are required to complete the following:

• Culture Index Survey: Complete a brief two-question survey (approximately 5–8 minutes). Survey link: https://go.cultureindex.com/s/q17WC04EV4. This link will also be included in your automated thank you response.
• Case Study Presentation: Prepare a 45–60-minute presentation based on a provided case study. The case study will be emailed to you via Paycor, our talent management platform. Your deadline to submit is within two (2) weeks of your resume submission.