Senior Vice President Chief Investment Officer
Senior Vice President Chief Investment Officer
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Salary Not Disclosed
1 Vacancy
Job Description
Sanford Health is one of the largest and fastestgrowing notforprofit health systems in the United States. Were proud to offer many development and advancement opportunities to our nearly 50000 members of the Sanford Family who are dedicated to the work of health and healing across our broad footprint.
Work Shift:
8 Hours Day Shifts (United States of America)Scheduled Weekly Hours:
40Union Position:
NoDepartment Details
Summary
The Chief Investment Officer (CIO) for Sanford Health is a key member of the senior leadership team responsible for overseeing and managing the health systems investment portfolio including endowments operating reserves investments and certain other assets.Job Description
The CIO will develop and implement an investment strategy aligned with the organizations longterm goals and financial objectives ensuring financial sustainability and growth while managing risks. The CIO will provide updates to the Finance and Investment Committee of the Sanford Health Board of Trustees and collaborate closely with external partners to optimize returns and enhance the systems financial health.
Develop and implement the organizations investment strategy ensuring alignment with financial goals policy and risk tolerance. Lead the management of the health systems investment portfolio including asset allocation manager selection and performance monitoring. Ensure the investment strategy supports longterm financial sustainability including liquidity needs capital reserves and operational funding.
Oversee asset classes such as equities fixed income real estate and alternative investments. Establish asset allocation targets and manage the rebalancing process based on market conditions and internal needs. Continuously evaluate the performance of external investment managers and conduct due diligence to ensure adherence to investment policies.
Identify and manage investment risks ensuring diversification and alignment with risk tolerance and liquidity requirements. Work with internal teams and external advisors to develop appropriate risk mitigation strategies. Ensure compliance with all applicable regulatory requirements and fiduciary responsibilities.
Provide regular reporting and updates on investment performance strategies and risks to senior leadership and the Finance and Investment Committee the Sanford Health Board of Trustees. Prepare and present quarterly and annual reports on the status of the health systems investments. Communicate with other stakeholders as needed regarding the performance and stewardship of invested funds.
Serve as a strategic advisor to the CFO and Treasurer on all matters related to investments. Collaborate with the finance department and other relevant teams to integrate investment strategies with broader financial planning. Provide leadership to the investment team mentoring staff and promoting a highperformance culture.
Qualifications
Bachelors degree in finance economics or a related field required. Masters degree or CFA designation preferred.10 years of progressive experience in investment management. Demonstrated expertise in portfolio management asset allocation and risk management. Strong knowledge of financial markets investment products and regulations. Experience with healthcare or nonprofit investment portfolios. Strong understanding of regulatory frameworks governing nonprofit institutions.
Sanford is an EEO/AA Employer M/F/Disability/Vet.
If you are an individual with a disability and would like to request an accommodation for help with your online application please callor send an email to
Required Experience:
Chief
Employment Type
Full-Time
