Chief Operating Officer

APFC Chief Operations Officer

The Alaska Permanent Fund Corporation (APFC) seeks a strategic, finance / investment-focused Chief Operating Officer to lead the Corporation's operational and financial infrastructure in support of world-class investment execution. Reporting directly to the CEO, the COO will serve as a member of the executive team. This executive brings financial / investment acumen, leadership credibility, and a demonstrated history in financial or investment institutions. The ideal candidate will align APFC's resources, systems, and people in pursuit of long-term excellence.

Key Attributes

Financial and investment acumen with experience in financial institutions, endowments, or sovereign wealth environments.

Strategic, forward-thinking leader who drives modernization and continuous improvement.

Proven ability to lead cross-functional teams and influence outcomes in complex organizations.

Strong executive presence, with the ability to communicate effectively with the Board, staff, and external stakeholders.

Commitment to APFC's mission and values of Integrity, Stewardship, and Passion.

About the Alaska Permanent Fund Corporation (APFC)

APFC is a state-owned investment organization based in Juneau, Alaska, responsible for managing the assets of the Alaska Permanent Fund—one of the largest sovereign wealth funds in the United States. For nearly 50 years, APFC has transformed Alaska's resource wealth into a renewable financial resource for current and future generations.

In FY25, the Fund reached its highest value ever, exceeding $84 billion, reflecting disciplined stewardship and strong investment performance. APFC's diversified portfolio spans public and private markets, real estate, and alternative investments, delivering long-term returns that support Alaska's economy and public services. The Corporation is guided by a commitment to integrity, stewardship, and passion, and was recently recognized as one of the Best Places to Work by Pensions & Investments.

Principal Responsibilities

Strategic and Executive Leadership

Partner with the CEO and executive team to implement strategic initiatives that ensure APFC's operational readiness, financial strength, and investment support capabilities.

Provide enterprise leadership across operational divisions, ensuring alignment between strategy, resources, and performance outcomes.

As executive team member, be prepared to assume full executive responsibilities as designated and when called upon.

Operational Excellence and Modernization

Oversee corporate infrastructure through departmental leaders, including administrative operations, information technology, human resources, and investment operations.

Drive modernization of systems and processes to enhance operational efficiency and data integrity.

Champion enterprise-wide initiatives that strengthen organizational agility and performance.

Financial Oversight and Resource Stewardship

Lead the development, integration, and oversight of APFC's corporate budget and financial planning processes.

Ensure alignment between financial resources and strategic investment objectives.

Maintain high standards of fiscal accountability, transparency, and internal controls.

Investment Operations Partnership

Collaborate with investment leadership to ensure that trade support, reconciliation, compliance coordination, and data management meet institutional standards.

Enhance integration between operational systems and investment execution platforms.

Governance, Compliance, and Risk Alignment

Support corporate governance processes, ensuring operations adhere to fiduciary, statutory, and policy requirements.

Partner with compliance and risk leadership to manage operational risk and reinforce internal control frameworks.

Organizational Leadership and Culture

Mentor and develop emerging leaders to ensure long-term organizational continuity.

Cultivate a high-performing, collaborative culture that aligns with APFC's mission and values.

Preferred Qualifications

Minimum 10 years of progressively responsible management experience, including at least 5 years in senior executive roles.

Proven success as a Chief Operating Officer or equivalent in a financial services, investment management, or institutional fund environment.

Strong financial background with demonstrated expertise in budgeting, investment operations, risk management, or fund administration.

Experience engaging with Boards, auditors, regulators, or investment committees.

Bachelor's degree in finance, Economics, Business Administration, or a related field required; advanced degree preferred.

Exceptional communication and presentation skills, with the ability to convey complex operational and financial information to both executive and public audiences.

Other Duties

This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee. Responsibilities may be added, removed, or changed at any time with or without notice.

Compensation and Benefits

The base salary range for this position is $218,000 to $260,000 (DOE), commensurate with experience and qualifications. This role is also eligible for Incentive Compensation per APFC's Incentive Compensation Plan, with a maximum annual bonus of 15% of base salary, tied to total fund performance.

Benefits Information

Health

Medical / Vision / Dental Insurance

Single or Family Coverage

Different Cost and Coverage Options

Life Insurance

Disability Insurance

Accidental Death & Dismemberment

Retirement

Public Employes Retirement Program (PERS)

Matching employer contribution

Employer contributions vested 100% after 5 years

Alaska Supplemental Annuity Plan In lieu of Social Security

Retirement health savings account contributions

Other

Personal leave program starts at 21 days per year. Leave is accrued each pay period at a rate of 6 : 03 hours per pay period with increases to accrual rates at 2 yr, 5yr, 10 yr, 15yrs employment milestones

12 Paid Holidays per year

Flexible work hours based on positional needs

Generous professional development opportunities

Free parking

Relocation assistance

Modern Headquarters located in beautiful location

Application Period

This position will remain open until it is filled. Interested candidates are encouraged to submit their applications promptly because the recruitment process may close without advance notice once enough qualified candidates have been received.

Application Requirement

To be considered for this position, applicants must submit a complete application. A complete application includes :

Resume or curriculum vitae (CV)

Cover letter that clearly outlines how the applicant's experience aligns with the qualifications and responsibilities of the position

Complete and thorough responses to all application questions

• Applications that are incomplete or do not meet these criteria may be disqualified from further consideration.

AAP / EEO Statement

APFC provides equal employment and advancement opportunities to all. APFC follows all applicable Federal and State laws and does not discriminate in employment opportunities or practices based on race, color, religion, sex, national origin, age, disability, or any other class protected by law.

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