Vice President of Treasury and Chief Investment Officer

Vice President of Treasury and Chief Investment Officer

The Vice President of Treasury and Chief Investment Officer (VP, T&CIO) is a senior finance leader responsible for the strategic oversight of treasury operations, investment management, and enterprise financial risk. Reporting to the CFO & SVP for Finance, this role provides enterprise-wide leadership for liquidity management, investment performance, risk mitigation, and capital structure optimization. The VP, T&CIO oversees significant annual cash flows and investment assets and serves as a key advisor to executive leadership and board on financial strategy, risk-based capital (RBC), and long-term financial sustainability.

This role will impact:

• Stewardship of multi-billion-dollar cash flows and investment portfolios
• Strategic leadership of treasury, investments, pension assets, and risk management
• Board-level reporting to corporate and subsidiary boards and committees
• Leadership within Blue Cross Blue Shield Association finance and investment forums
• Development of high-performing treasury and investment teams
• Management of a $3–5M annual operating budget

Treasury & Cash Management:

• Lead enterprise cash flow strategy to optimize returns, liquidity, and risk
• Oversee forecasting, liquidity modeling, and credit facilities
• Manage banking and broker relationships
• Annual cash flows exceed [$5B]

Investment Management:

• Oversee portfolios exceeding [$2B]
• Manage pension assets exceeding [$185M] and DC plan assets over [$300M]
• Evaluate and oversee external investment managers
• Present performance and recommendations to Board and Committees

Risk Management:

• Lead enterprise financial risk mitigation
• Oversee insurance programs and due diligence for new initiatives

Pension & Retirement Plans:

• Oversee financial operations of DB and DC plans
• Recommend investment and design changes as needed

Other:

• Work closely with Controller & external Auditors to complete enterprise financial audits
• Proactively highlight intra-year risks and present mitigation plans to CFO & SVP Finance
• Strong understanding of tax strategies to optimize cashflow of investment

Required Skills and Experience:

• Accepting this vice president level position at BCBSMN requires signing an Agreement Regarding Non-Disclosure of Confidential Information and Non-Competition as a condition of employment.
• 10+ years of finance experience
• 7+ years of leadership experience
• Expertise in treasury, investments, and risk management
• Strong executive and board communication skills
• High school diploma (or equivalency) and legal authorization to work in the U.S.

Preferred Skills and Experience:

• Bachelor's degree in Finance or Business
• MBA or equivalent
• SEC Series 7 and 63
• Certified Treasury Professional (CTP)

Role Designation: Hybrid

Anchored in Connection

Our hybrid approach is designed to balance flexibility with meaningful in-person connection and collaboration. We come together in the office two days each week – most teams designate at least one anchor day to ensure team interaction. These in-person moments foster relationships, creativity, and alignment. The rest of the week you are empowered to work remote.

Compensation and Benefits: $350,000.00 - $375,000.00 - $400,000.00 Annual

Pay is based on several factors which vary based on position, including skills, ability, and knowledge the selected individual is bringing to the specific job.

We offer a comprehensive benefits package which may include:

• Medical, dental, and vision insurance
• Life insurance
• 401k
• Paid Time Off (PTO)
• Volunteer Paid Time Off (VPTO)
• And more

To discover more about what we have to offer, please review our benefits page.

Equal Employment Opportunity Statement: At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. Blue Cross of Minnesota is an Equal Opportunity Employer and maintains an Affirmative Action plan, as required by Minnesota law applicable to state contractors. All qualified applications will receive consideration for employment without regard to, and will not be discriminated against based on any legally protected characteristic.

Individuals with a disability who need a reasonable accommodation in order to apply, please contact us at: View email address on click.appcast.io.

Blue Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association.