Treasury Investment Officer

State of Iowa - Executive Branch; Des Moines (IA); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

IPERS

RIC

Health, dental, and vision insurance

Vacation and sick leave

Paid holidays

Flexible spending accounts

Life and long-term disability保险

Job summary

The State of Iowa - Executive Branch is seeking an Investment Division professional to join as Treasury Investment Officer 2. The role focuses on institutional investing, pension oversight, asset allocation, and liquidity management in public funds.

Ideal candidates understand complex financial information and can translate analysis into actionable guidance for senior leaders, boards, and consultants. Collaboration with IPERS, PORS, JRS, and external partners is essential.

Qualifications

• Competitive candidates have experience or knowledge in institutional investment management or consulting.
• Experience with pension or retirement system investments is preferred.
• Strong ability to analyze portfolio performance and risk and communicate findings clearly.

Responsibilities

• Support IPERS, PORS, and JRS investment responsibilities.
• Review portfolio performance, asset allocation, manager performance, fees, and risks.
• Monitor financial markets and investment trends affecting state assets.
• Prepare analysis and recommendations for Treasury leadership.
• Participate in meetings with pension staff, consultants, managers, and partners.
• Assist in pension and investment board meeting preparations.
• Help oversee the State’s investment portfolio and daily liquidity needs.
• Analyze cash flows, maturities, and market conditions.
• Support investment transactions and fund movements between institutions.
• Monitor compliance with investment policies and statutory requirements.
• Assist with securities lending and banking relationships.

Skills

Institutional investment management

Pension/retirement investments

Portfolio analysis & performance

Asset allocation & portfolio struct.

Investment manager research

Fixed income & public markets

Risk management

Cash & liquidity management

Investment policy & governance

Job description

Job Description

The Iowa Treasurer of State is seeking an investment professional to join its Investment Division as a Treasury Investment Officer 2.

The Treasurer serves as the State’s banker and is responsible for the investment and cash management of billions of dollars in public funds. The Office also plays an important governance and oversight role in Iowa’s public retirement systems.

This position offers the opportunity to apply institutional investment expertise in public service. The successful candidate will work closely with the Treasury leadership and have meaningful exposure to asset allocation, portfolio strategy, manager oversight, pension investments, liquidity management, financial markets, and investment governance.

The position is particularly well suited for an investment professional who enjoys analyzing complex financial information, working with sophisticated institutional investors and asset managers, and translating that work into actionable recommendations for senior decision-makers.

Key Responsibilities

Institutional Investments & Pension Oversight

• Support the Treasurer’s investment-related responsibilities involving the Iowa Public Employees’ Retirement System (IPERS), Peace Officers’ Retirement System (PORS), and Judicial Retirement System (JRS).
• Review and analyze portfolio performance, asset allocation, investment manager performance, risk, fees, and other investment materials.
• Monitor financial markets, economic conditions, and institutional investment trends and evaluate their potential impact on State and pension assets.
• Conduct investment research and prepare analysis and recommendations for Treasury leadership.
• Participate in meetings with pension investment staff, consultants, investment managers, and other institutional partners.
• Prepare the State Treasurer and senior Treasury leadership for pension board and investment-related meetings.
• Assist with management and oversight of the State’s investment portfolio and daily liquidity needs.
• Analyze cash flows, liquidity requirements, investment maturities, market conditions, and investment opportunities.
• Support investment transactions and movement of funds among financial institutions.
• Monitor portfolio performance and compliance with applicable investment policies and statutory requirements.
• Assist with securities lending, banking relationships, and other Treasury investment activities.

Investment Governance & Reporting

• Prepare investment reports, presentations, briefing materials, and recommendations for the State Treasurer and senior leadership.
• Assist in reviewing and developing investment policies and procedures.
• Analyze complex investment information and communicate findings clearly to both investment professionals and non-technical audiences.
• Work with investment consultants, asset managers, financial institutions, attorneys, auditors, and other external partners.
• Support special projects involving investments, pensions, public finance, and financial markets.

What We Are Looking For

The ideal candidate is intellectually curious, analytical, collaborative, and motivated by public service. We are looking for someone who can do more than compile investment data—the successful candidate should be able to understand what the data means, identify emerging issues, ask thoughtful questions, and help senior leadership make informed decisions.

Competitive candidates will have experience or demonstrated knowledge in areas such as:

• Institutional investment management or investment consulting
• Pension or retirement system investments
• Portfolio analysis and performance measurement
• Asset allocation and portfolio construction
• Investment manager research and due diligence
• Fixed income and public markets
• Risk management
• Cash and liquidity management
• Investment policy and governance

Strong written and verbal communication skills are essential. The successful candidate must be comfortable interacting with investment professionals and preparing materials for the State Treasurer, Deputy Treasurers, pension boards, legislators, and other stakeholders.

Why the Iowa Treasurer’s Office?

This isn’t an investment job where success is measured only by a portfolio’s return.

The work of the Treasurer’s Office helps protect public resources, maintain the State’s financial strength, and safeguard retirement systems relied upon by hundreds of thousands of Iowans.

The position also provides exposure that can be difficult to find elsewhere. You will work with experienced public investment professionals, nationally recognized investment managers and consultants, major financial institutions, and senior State decision-makers while developing a broad understanding of institutional investing and public finance.

We are looking for someone who wants to bring strong investment skills to public service—and continue developing those skills while helping protect Iowa’s financial future.

Benefits

The Iowa Treasurer’s Office offers a collaborative professional environment with an emphasis on public service, professional development, and work-life balance. Full-time State employees receive a comprehensive benefits package that includes:

• Iowa Public Employees’ Retirement System (IPERS)
• Retirement Investors Club (RIC)
• Health, dental, and vision insurance
• Vacation and sick leave
• Paid holidays
• Flexible spending accounts
• Life and long-term disability insurance
• Flexible work environment, including work-from-home opportunities following the training period
• Free parking

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 .

Positions in this class are exempt from the screening and referral requirements of the Iowa Department of Administrative Services – Human Resources Enterprise.