National Association of State Retirement Administrators

Position Information

Chief Investment Officer

Title: Chief Investment Officer
Hiring Salary Range: $140,000 - $165,000 annually
Location: Bismarck


The ND Department of Trust Lands offers an excellent benefit package, including a fully paid family health insurance plan, flexible spending accounts, paid vacation and sick leave, retirement plan, 457 deferred compensation plan, voluntary insurance benefits to include dental, vision, life insurance, and opportunities for advancement.

The ND Department of Trust Lands is charged with managing the permanent educational trust funds and assets under the Board of University and School Lands control.

The Chief Investment Officer plays an integral role in managing the ND Department of Trust Lands investment program and supervising the investment team, while representing the ND Department of Trust Lands in all investment matters.

Key Responsibilities include

  • Oversee a variety of analytical and managerial duties related to the planning, organizing, and directing of all investment functions within the ND Department of Trust Lands.
  • Manage overall investment strategies and portfolio construction, in alignment with the Land Board strategic objectives and risk parameters.
  • Direct and oversee analysis of multiple asset classes in implementation of multiple investment strategies while also monitoring investment performance, money manager reviews, and underlying risks.
  • Develop and maintain proactive measures to manage risk and adjust asset allocations as appropriate.  
  • Oversee and participate in research of new asset classes, investment strategies and products; coordinates searches for new investment managers with consultants; reviews proposals and recommendations from money managers, consultants, and investment agents, and makes recommendations to the Commissioner and Land Board.
  • Manage and provide reports, analysis, and recommendations to the Commissioner and Land Board on all aspects of the investment program.
  • Develop and monitor cash flow projections for various trust funds and investment assets; ensure adequate cash and initiate transfers between accounts as needed.
  • Develop and propose investment related legislation; represents the Department of Trust Lands and Board before legislative committees.

Application Procedures

All applications for open Department of Trust Lands positions must be made via the Careers site: Paper submissions will not be accepted.  Application materials must be received by 11:59 PM on the posted closing date. Incomplete applications will not be considered. All potential applicants must upload the following:

  • Resume
  • Cover letter
  • Three work-related professional references 

Applicants must be legally authorized to work in the United States. The Department of Trust Lands does not provide sponsorships. Due to access to restricted information, the successful candidate will be required to complete a satisfactory criminal background check.

Applicants who are eligible to claim veteran’s preference must include Form DD214 showing character of service. Claims for disabled veteran’s preference must include a current statement of disabled status from the Veterans’ Affairs Office that is less than one year old.

For assistance in the application or interview process, contact Kevin Cronen, at (701) 328-4743. 

If you are experiencing technical difficulties with the Application Process or uploading attachments, please contact or (701) 328-3290.

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.

Position: Chief Investment Officer
Organization: ND Department of Trust Lands
Location: Bismarck,  ND 
United States
Salary: Hiring Salary Range: $140,000 - $165,000 annually
Posting Start Date: 9/6/2022
Date Posted: 9/6/2022

Minimum Qualifications

  • Bachelor’s degree in finance, economics, or accounting
  • Certification as a public accountant (CPA) or Chartered Financial Analyst (CFA)
  • 8+ years of work experience that includes management of funds, determining investment strategies, cash flow management, economic forecasting, and institutional investing.
  • A bachelor’s degree in finance, economics, or accounting and 10 years of work experience as indicated above may substitute for the CPA/CFA requirement.
  • Highly proficient in utilizing Microsoft Word, Excel, Outlook, database management and investment-related software.Excellent interpersonal, verbal, and written communication skills with ability to interact with the Board, legislative members, and the public.
  • Strong leadership, time management, and organizational skills. Strong quantitative/analytical aptitude and problem-solving skills.
Status: This listing expires on: 11/5/2022
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Organization Information
ND Department of Trust Lands
1707 N 9th St

Bismarck,  ND 58501
United States
Kevin Cronen