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MCERP seeks a Co-Chief Investment Officer for the Montgomery County Employee Retirement Plans (MCERP) and the Consolidated Retiree Health Benefits Trust to analyze economic conditions and investment markets to evaluate the effectiveness of the Board's current asset allocation strategy, recommending changes to the Board's current policies, guidelines, programs and/or the addition or deletion of investment strategies, managers/vendors, policies or guidelines. The position makes recommendations to the Staff Investment Committee concerning new investment opportunities across all asset classes requiring considerable judgment in a dynamic and frequently changing environment. The position conducts evaluation of the ERS and CRHBT public and private assets, and the hedge fund investment programs and recommendation of the appropriate asset allocation strategy to maximize the return while managing the risk of the portfolio.
The position's responsibilities include, but are not limited to:

  • Portfolio management, including analyzing and evaluating investment managers and products

  • Identifying and recommending investment strategies, developing guidelines, policies and procedures

  • Evaluating current market conditions, and negotiating complex contracts

  • Preparing research papers

  • Development of the risk budget and Risk Management Program

  • Acting as Executive Director in the Executive Director's absence

 Minimum Qualifications
Experience: Thorough (7 years) applicable professional experience, demonstratingadvanced knowledge and competence in the financial, business administration and/or
investment administration fields. 
Education: Graduation from an accredited college or university with a Bachelor's Degree in Accounting, Economics, Business Administration, Finance, or related field. A Master's Degree and CFA or CPA certification is preferred.
Equivalency: An equivalent combination of education and experience may be substituted

Preferred Criteria
All candidates meeting the minimum qualifications will be rated "Qualified" and placed on the Eligible List for consideration.  Selection for interviews will be based on the following preferred criteria:
Preference in scheduling interviews will be given to applicants with experience in the following areas:

  • Strong investment experience in capital markets, stocks, bonds, real estate, cash and private markets; and

  • An active current CFA, CPA or CIMA certification


Investor | Government Pension

Investor | Pension

Investor | Government Pension

Pat Paoli


Investor | Government Pension

Georgina Bouton


United States