North Dakota Retirement and Investment Office (NDRIO) is seeking their next Chief Financial/Operating Officer (CFOO). NDRIO is an agency of the State of North Dakota, established in 1989 to capture administrative and investment savings in the management of two important and long-standing state programs - the Teachers' Fund for Retirement (TFFR) and the State Investment Board (SIB). In accordance with their stated investment goals and objectives, NDRIO currently manages more than $23 billion in investments for the SIB's client funds.
Do not wait to apply after reading this description a high application volume is expected for this opportunity.
As a key member of the Executive Team and reporting directly to the Executive Director, the Chief Financial/Operating Officer (CFOO) is responsible for the financial and accounting functions, and fiscal operations of NDRIO. The CFOO provides leadership and management oversight of the fiscal operations and strategic initiatives of the agency. These operations include accounting, investment accounting, budgeting, payroll, purchasing, procedure and policy design, external audits, reporting, strategic planning, and legislative planning. The CFOO will lead a team of 9 that includes the fiscal and investment operations manager, three investment accountants, a financial accountant, a retirement accountant, and two administrative staff members.
NDRIO's total operating budget for the 2025-27 biennium is $16.5 million.
Minimum Qualifications:
- Undergraduate degree in accounting or business administration with a concentration in accounting is required. An advanced degree is preferred.
- Investment Accounting experience is required.
- Five or more years of progressively responsible experience including significant management and supervisory experience.
- Experience working with institutional investment portfolios and the capital markets is highly desired.
- Demonstrated track record of accomplishments and strong organizational and managerial skills are required.
- Certified Public Accountant (CPA) licensure is preferred.
- Prior experience working with and presenting to the Legislature is preferred.
- Must have the ability to present complex ideas, both orally and written to a broad range of constituents in a professional and courteous manner.
- Proficiency working with computer record systems for integration and accounting control with a strong preference for having evaluated and implemented new fiscal technology systems.
- Knowledge of General Ledger system structure and maintenance.
- Knowledge of principles, practices, and standards to ensure compliance with GAAP, GASB, and GAS.
- Ability to understand, interpret, and comply with State of North Dakota regulations, policies, statutes, and legislative directives.
- Ability to prepare financial statements and budgets on a timely and accurate basis.
- Ability to evaluate the soundness of financial practices and compliance with state laws and regulations.
Compensation:
Hiring Salary Range: $130,000 to $165,000 annually, commensurate with qualifications and experience. This role may also be eligible for a discretionary incentive compensation plan based on performance. The total compensation package includes a competitive salary and the State's comprehensive benefits package, including retirement benefits offered by NDPERS.
About NDRIO:
NDRIO employs a workforce of 34 employees and is based in Bismarck, ND. The agency has adopted the following mission, vision, and values:
Mission: To provide prudent and transparent investment services for our client funds and support North Dakota public school educators with responsible benefit administration.
Vision: To be recognized as a trusted and innovative provider of investment and pension services.
Values:
- Integrity - We value honesty and are committed to doing what's best for our customers.
- Accountability - We are responsible for our actions and work as a team to produce the desired outcomes.
- Service - We care about the people we serve and take time to understand their unique needs.
Application Procedures:
All applicants must complete the online application via the North Dakota careers website at to be considered for the role. The application must be submitted by 11:59 pm on the closing date.
All applicants must upload the following documents:
Applicants are encouraged to apply as soon as possible. Applicants will be considered immediately upon submitting application materials. The position may be filled prior to the listed closing date after successful completion of the application and interview process.
Applicants must be legally authorized to work in the United States. RIO does not provide sponsorships.
A criminal history record check, including fingerprinting, will be conducted on the successful candidate prior to hiring per NDCC 12-60-24.
The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex (including sexual orientation and gender identity), genetics, religion, age or disability in employment or the provisions of services and complies with the provisions of the North Dakota Human Rights Act.
As an employer, the State of North Dakota prohibits smoking in all places of state employment in accordance with N.D.C.C. 23-12-10.
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