The Vermont state treasurer's office is searching for a director of finance and investments to oversee the investments of the three Vermont state retirement systems, which have combined assets of more than $2 billion.
Director Marie H. Duquette plans to retire. "Her retirement depends on how soon we get somebody on board," said Jeffrey Wilson, deputy treasurer. "The anticipated date is probably in May."
Duties of the director, based in Montpelier, include recommending investment policy and money manager selection as well as managing a portfolio of non-pension short-term state funds and advising on debt financing. The director will oversee relationships with the funds' consultant, New England Pension Consultants Inc., Cambridge, Mass.
The director reports to state Treasurer George B. "Jeb" Spaulding and Mr. Wilson.
Qualifications include experience with investments in multiple asset classes.
Mr. Wilson said the treasurer's office hasn't set a salary range for the position; instead it asks applicants to provide salary requirements.
The director oversees investments of the $1.047 billion Vermont State Teachers' Retirement System, the $856 million Vermont State Employees' Retirement System and the $179 million Vermont Municipal Employees' Retirement System, all defined benefit funds, plus the systems' defined contribution funds, with respective assets of $102 million, $26 million and $5 million.
The treasurer's office is conducting a national search; it isn't using a recruiting firm. Anyone interested may contact the personnel department of the treasurer's office.