Senior Investment Director

Description

Medica is a nonprofit health plan with more than a million members that serves communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. We deliver personalized health care experiences and partner closely with providers to ensure members are genuinely cared for.

We're a team that owns our work with accountability, makes data-driven decisions, embraces continuous learning, and celebrates collaboration — because success is a team sport. It's our mission to be there in the moments that matter most for our members and employees. Join us in creating a community of connected care, where coordinated, quality service is the norm and every member feels valued.

The Senior Investment Director is responsible for developing and executing the organization’s investment strategy to maximize returns while managing risk in alignment with corporate objectives. This role oversees portfolio management, investment analysis, and strategic allocation across asset classes, ensuring compliance with regulatory requirements and internal policies. Performs other duties as assigned.

• Strategic Leadership

  • Define and implement the organization’s short and long term investment strategies to align with corporate objectives and financial goals.

  • Monitor market trends, economic indicators, and emerging opportunities to inform decision‑making.

  • Prepare investment recommendations and present findings to senior leadership

  • Manage RFP processes related to investment and portfolio partners as needed

• Collaborate with and manage external portfolio managers and investment advisors

• Oversee asset allocation across equities, fixed income, alternatives, and other investments.

• Ensure diversification and risk‑adjusted returns consistent with investment policy.

• Monitor existing investments and provide performance reports

• Recommend adjustments to optimize portfolio returns and mitigate risk

• Conduct in-depth financial analysis, valuation, and risk assessment for potential investments.

• Lead due diligence on new opportunities, including private equity, real estate, and strategic partnerships.

• Governance & Compliance

  • Maintain adherence to regulatory standards and internal investment policies.

  • Prepare reports for executive leadership and board committees on portfolio performance and outlook.

• Leadership

  • Provide investment performance and strategic recommendations to the Finance Committee of the Board

  • Manage and mentor investment analysts and associates.

  • Foster a culture of collaboration, innovation, and continuous improvement.

• Bachelor’s degree in Finance, Economics, or related field (Master’s or CFA preferred).
• 10+ years of experience in investment management, portfolio strategy, or related roles.
• Strong relationship management of external portfolio managers
• 5+ years in direct management roles
• Strong understanding of global markets, asset classes, and risk management principles.
• Proven track record of delivering superior investment performance.
• Excellent analytical, communication, and leadership skills.
• Ability to work independently and manage multiple priorities
• Experience with GAAP and STAT reporting for audited financials and regulatory filings

• Strategic thinking and decision-making
• Financial modeling and valuation expertise
• Negotiation and relationship management
• Regulatory and compliance knowledge
• Strong business acumen and understanding of capital markets

This position is an Office role, which requires an employee to work onsite at our Minnetonka, MN office, on average, 3 days per week.

The full salary grade for this position is $175,400 - $300,600. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $175,400 - $263,025. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position’s scope and responsibility, internal pay equity and external market salary data.

In addition to compensation, Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid…