Investment Director

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.