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 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.
Key Accountabilities
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
Portfolio Management
Collaborate with and manage external portfolio managers
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
Analysis & Due Diligence
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
Team Leadership
Manage and mentor investment analysts and associates
Foster a culture of collaboration, innovation, and continuous improvement
Required Qualifications
Bachelor's degree or equivalent experience in a related field
10+ years of related experience beyond degree
Preferred Qualifications
Strong relationship management of external portfolio managers
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
This position is an Office role, which requires an employee to work onsite at our Minnetonka, MN office, on average, 3 days per week.4
The full salary grade for this position is $150,000 - $257,200. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $150,00 - $225,015. 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 base compensation, this position may be eligible for incentive plan compensation in addition to base salary. Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.
The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.
Eligibility to work in the US:
Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.
We are an Equal Opportunity employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
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 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.
Key Accountabilities
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
Portfolio Management
Collaborate with and manage external portfolio managers
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
Analysis & Due Diligence
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
Team Leadership
Manage and mentor investment analysts and associates
Foster a culture of collaboration, innovation, and continuous improvement
Required Qualifications
Bachelor's degree or equivalent experience in a related field
10+ years of related experience beyond degree
Preferred Qualifications
Strong relationship management of external portfolio managers
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
This position is an Office role, which requires an employee to work onsite at our Minnetonka, MN office, on average, 3 days per week.4
The full salary grade for this position is $150,000 - $257,200. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $150,00 - $225,015. 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 base compensation, this position may be eligible for incentive plan compensation in addition to base salary. Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.
The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.
Eligibility to work in the US:
Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.
We are an Equal Opportunity employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.