Executive Director

The Illinois Police Officers’ Pension Investment Fund (“IPOPIF”) was created by the Illinois Legislature and signed into law by Illinois Governor JB Pritzker on December 18, 2019. The law, Public Act 101-0610, provided for the mandatory consolidation of the investment assets of the state’s public safety pension funds into two investment funds - one of which is for police. The consolidation of the investment assets of the 357 Article 3 downstate and suburban police pension plans into one statewide investment asset pool created a single trust fund with an estimated $15.3 billion in assets, as of January 2026.

IPOPIF is seeking outstanding applicants for the position of Executive Director due to the retirement of the current Executive Director who has been with the Fund since inception.

The Executive Director is primarily responsible for the administrative operations of IPOPIF and works closely with the Chief Investment Officer (CIO) who is primarily responsible for the investments of the Fund.

The Executive Director is appointed and serves as the pleasure of the IPOPIF Board of Trustees. Compensation and terms of employment are established under an employment agreement with the Board of Trustees.

Duties & Responsibilities

Leadership and Policy Analysis:

• The Executive Director (ED) plans, coordinates, and manages the daily operation of the administrative organization through the staff and contract service providers in accordance with policies and procedures established by the Board.
• In doing so, the ED will solicit advice and counsel from the Board, the Board Chair, or individual Board members, as appropriate.
• The ED will work closely with the Chief Investment Officer to ensure the investment operations and investment strategies are carried out.
• The ED will assist the Board of Trustees and the Executive Team in the development, monitoring, and implementation of the Strategic Plan.
  
  

Governance

• Assists the Board in implementing its governance By-Laws, Policies and Procedures.
• Oversee the preparation of the Board agendas and materials and required postings for meetings of the Board.
  
  

Operations

• The Executive Director will:
• Recommend to the Board, as appropriate, administrative related policies designed to help ensure effective operations;
• Recommend to the Board a strategic plan and business plan and updates to the plan as necessary;
• Recommend the Annual Budget to the Board;
• Execute contractual agreements in accordance with Board policy;
• Authorize payments related to the administration of IPOPIF in a manner consistent with Board policy and procedures.
• Recommend to the Board the appropriate design, acquisition, implementation, and maintenance of all administrative technological systems;
• Maintain the administrative records of IPOPIF in a permanent and readily accessible format and in accordance with Board policy;
• Maintain an effective working relationship with stakeholders, municipal and legislative bodies, media, and interested parties.
  
  

Finance, Actuarial And Accounting

• The Executive Director will:
• Recommend to the Board as appropriate, financial, and accounting policies;
• Implement appropriate internal financial controls to safeguard the physical and financial assets of IPOPIF;
• Coordinate the annual financial audits;
• Coordinate the actuarial valuation, actuarial audits, and other actuarial policies;
• Cause to be prepared an annual comprehensive financial report on the operations of IPOPIF for Board approval;
  
  

Human Resources

• The Executive Director will:
• Assess the administrative human resource needs of IPOPIF, establish and implement appropriate human resources programs and procedures, and compensation policies of the Board;
• Ensure appropriate training for IPOPIF administrative staff.
• Ensure an appropriate performance evaluation process is implemented for team members.
  
  

Legal

• The Executive Director will:
• In consultation with legal counsel, provide recommendations to the Board concerning the initiation and settlement of litigation involving IPOPIF;
• Oversee the development and implementation of plans to comply with newly enacted legislation and court rulings, as applicable.
  
  

Communications

• The Executive Director will:
• Ensure effective and timely communications with stakeholders on matters relating to the administration of IPOPIF.
• In situations that call for an official spokesperson to speak on behalf of IPOPIF, jointly determine with the Board Chair, on an issue-by-issue basis, who will act in such capacity.
  
  

Monitoring And Reporting

• The Executive Director, in conjunction with the Chief Investment Officer, will provide the Board with relevant, appropriate, and timely information to enable it to properly carry out its oversight and fiduciary responsibilities.
• The Executive Director will:
• Oversee the regular review of all administrative policies of IPOPIF to ensure they are being followed and continue to meet IPOPIF needs;
• Oversee management’s response to the findings of the annual financial audit, and of any internal audits that may be performed;
• Oversee administrative employees and service providers of IPOPIF to ensure compliance with the IPOPIF policies;
  
  

Emergency Authority

• In emergency situations, the Executive Director, in conjunction with the Chief Investment Officer, after making reasonable attempts to contact the Board Chair and Vice Chair, will have the authority to act on matters not expressly stated within other Board Policy provided that:
• The action is in the judgment of the Executive Director and Chief Investment Officer necessary to protect the Fund, its employees, the Fund’s administrative, financial or investment trust fund assets from loss or harm that is reasonably likely to occur if action is delayed for the scheduling of a noticed meeting of the Board; and
• The emergency action taken, and the reasons why are promptly reported to the Board Chairperson, Vice Chairperson, and the full Board of Trustees.
• This policy is not intended to address situations solely related to the investment trust fund and financial markets. In these situations, or conditions of financial market turmoil, the Chief Investment Officer would have the sole emergency authority.