National Association of State Retirement Administrators

Position Information

Investment Accountant
At the North Dakota Retirement and Investment Office (RIO), we are driven by our values of integrity, accountability, and service in fulfillment of our investment and fiduciary responsibilities.

We are seeking an Investment Accountant to join our dedicated and high-performing team.  

As the Investment Accountant, you will work closely with the fiscal team as it maintains the accounting and fiscal operations of the agency and its investment portfolio of more than $21 billion. This key role will perform investment reconciling, monitoring, and reporting, investment accounting, and prepare annual financial reports. 

To thrive in this position, you must be an experienced and collaborative team player with strong organizational and analytical skills. 

Location: RIO is based in Bismarck, ND. The preferred location for this position is within the state of North Dakota, with the availability to telecommute to Bismarck, ND. There’s potential that a remote work arrangement outside the state of North Dakota may be considered for the successful candidate.

Summary of Work: 
  • Review and reconcile investment manager data against custodian bank data and investment consultant data.
  • Reconcile and report daily investment activity.
  • Prepare periodic investment performance measurement reporting and ensure accuracy.
  • Ensure investment client funds are in compliance with stated asset allocation policy targets, provide recommendations for rebalancing and process associated cash flows.
  • Review and reconcile master custodian’s investment reporting for completeness and accuracy.
  • Review and verify prepared reports allocating investment earnings and expenses of pooled investment accounts for the SIB.
  • Process cash transfers for investment clients.
  • Reconcile and post investment activity to general ledger and create monthly financial statements. 
  • Prepare investment related work papers and accounting reports for the internal and external auditors.
  • Assist with preparation of the agency’s Annual Comprehensive Financial Report (ACFR).
Position: Investment Accountant
Organization: ND Retirement & Investment Office
Location: Bismarck,  ND 
United States
Salary: $75,000 - $85,000 annually commensurate with experience. This role may be eligible for a discretionary incentive compensation plan based on performance.
Posting Start Date: 6/20/2024
Date Posted: 6/20/2024
Requirements To be considered for this role, you must have a bachelor's degree in accounting or a business-related field and three years of professional accounting experience.

Application Procedures: 

Apply online at  Applicants must submit a completed online application, resume, and cover letter by the closing date to be considered for this position. The cover letter must include a detailed summary of how the applicant meets the qualifications of this position. 

Applicants must be legally authorized to work in the United States. RIO does not offer or provide sponsorships. 

A criminal history record check, including fingerprinting, will be conducted on the successful candidate prior to hiring per NDCC 12-60-24.

Please contact Michael Schmitcke, Senior Investment Accountant, at (701) 328-9010 for questions about the role or Hope Wedul, HR Business Partner, at (701) 328-3357 for assistance in the application process. 

Equal Employment Opportunity
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.

Status: This listing expires on: 8/19/2024
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Organization Information
ND Retirement & Investment Office
PO Box 7100

Bismarck,  ND 58507-7100
United States
Missy Kopp