Treasury Investment Officer

About the Role

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, working closely with Treasury leadership on asset allocation, portfolio strategy, manager oversight, pension investments, liquidity management, financial markets, and investment governance.

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.
• State Investment Portfolio & Liquidity Management
  • 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.

Requirements

The ideal candidate is intellectually curious, analytical, collaborative, and motivated by public service. Competitive candidates will have experience or demonstrated knowledge in the following areas:

• 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 Join the Iowa Treasurer’s Office?

This role offers the opportunity to apply investment expertise in public service, helping protect public resources, maintain the State’s financial strength, and safeguard retirement systems relied upon by hundreds of thousands of Iowans. The position provides exposure to 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.

Benefits

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