Chief Financial and Operating Officer
Apply NowCompany: State of North Dakota
Location: Bismarck, ND 58501
Description:
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, it was 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.
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 is comprised of 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.
To learn more about the Executive, Fiscal, Investment Operations, and Agency Operation Responsibilities and Preferred Qualifications of the role, please view the link below:
Position Specifications
Education and Experience:
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. Details may be found at Team ND Benefits .
Total Rewards:The State of North Dakota is committed to providing team members with a strong and competitive rewards package that support you, your health and your family.
Considering a new position on Team ND? How does your current position stack up? Use our Total Rewards Calculator to estimate.
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
Application Procedures:
All applicants must complete the online application via the North Dakota careers website at www.nd.gov/careers 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 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.
Please contact Tamara Wesely for questions about the role at tamara.wesely@eflassociates.com or Hope Wedul at (701) 328-3357 or hwedul@nd.gov if you need an accommodation or assistance in the application process.
If you are experiencing technical difficulties with the Application Process or uploading attachments, please contact recruiter@nd.gov or (701)328-3290.
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.
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.
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 is comprised of 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.
To learn more about the Executive, Fiscal, Investment Operations, and Agency Operation Responsibilities and Preferred Qualifications of the role, please view the link below:
Position Specifications
Education and Experience:
- Undergraduate degree in accounting or business administration with a concentration in accounting is required. An advanced degree is preferred.
- Must be a Certified Public Accountant (CPA).
- 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.
- 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 understand, interpret, and comply with applicable federal, state, and local regulatory laws, rules, and regulations.
- Ability to prepare financial statements and budgets on a timely and accurate basis.
- Ability to evaluate the soundness of financial practices and the compliance with state laws and regulations.
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. Details may be found at Team ND Benefits .
Total Rewards:The State of North Dakota is committed to providing team members with a strong and competitive rewards package that support you, your health and your family.
Considering a new position on Team ND? How does your current position stack up? Use our Total Rewards Calculator to estimate.
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 www.nd.gov/careers 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:
- Resume
- Cover letter
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.
Please contact Tamara Wesely for questions about the role at tamara.wesely@eflassociates.com or Hope Wedul at (701) 328-3357 or hwedul@nd.gov if you need an accommodation or assistance in the application process.
If you are experiencing technical difficulties with the Application Process or uploading attachments, please contact recruiter@nd.gov or (701)328-3290.
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.
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.