Investment Officer

This position is with the State of Hawai‘i, Department of Budget and Finance, Hawai‘i Employer-Union Health Benefits Trust Fund.

Salary is commensurate with education and experience, $8,333 – $14,583 / month.

The primary function of this position is to assist the EUTF Chief Investment Officer in overseeing the EUTF’s investment portfolios. The responsibilities include to: (1) Serves as the lead in one or more of EUTF’s strategic asset classes and oversees the analysis, selection, and monitoring of investments within the asset class. (2) Responsible for investments within the assigned asset class, maintains a universe of potential investment opportunities, monitors performance and risks, and makes investment recommendations to the Chief Investment Officer. (3) Oversees investment operations and compliance functions, and (4) Performs special assignments and other duties on behalf of the Investment Office.

The EUTF Investment Officer performs advanced levels of analysis requiring the application of comprehensive and in-depth knowledge and seasoned judgement without supervision and guidance, manages completion of projects with Investment Analysts, contributes individual perspectives and insights, and develops key business relationships beneficial to the long-term success of EUTF’s investment program.

LEGAL AUTHORIZATION TO WORK REQUIREMENT:
The State of Hawaii requires all persons seeking employment with the government of the State shall be citizens, national, or permanent resident aliens of the United State, or eligible under federal law for unrestricted employment in the United States.

RECOMMENDED QUALIFICATIONS:

A. Knowledge of:

Corporate finance, accounting, and economics; banking, the financial markets, and the reporting and analysis of financial data; modern financial theory and its implications for management decisions; various investment markets, including U.S. stocks and bonds, foreign stocks and bonds, real estate, commercial and residential mortgages/loans; and timber, capital, emerging, and alternative markets, to enhance performance measurement calculation, reporting, and other program activities; institutional investment practices, economic theories and principles relating to the investment of institutional funds, various investment strategies and vehicles in both public and private markets (e.g. global equities, fixed income, derivatives, commodities, buyout, venture capital, real estate, commingled funds, separately managed accounts, and limited partnerships), asset allocation methodologies, securities lending, securities settlement procedures, and quantitative investment methods; research resources and techniques to evaluate investment risks; and fiduciary and prudence guidelines and standards governing the investment of public trust funds.

B. Skills and Ability to:

Understand and interpret complex material including financial and economic material, laws, rules, regulations and policies; use correct English grammar, punctuation and spelling; communicate information in a succinct and organized manner; produce written information that is appropriate for the intended audience; express information to individuals and groups effectively, taking into account the audience and nature of the information; identify problems, including obstacles, unforeseen circumstances, etc. ; analyze problems logically and systematically; determine accuracy and relevance of information; use sound judgment to generate and evaluate alternatives and to make appropriate recommendations; make sound, well-informed and objective decisions, perceive the impact and implications of decisions; identify rules, principles or relationships that explain facts, data on the other information; analyze information, make correct inferences and draw accurate conclusions; identify a need for and gather information from appropriate sources; organize information to facilitate analysis and decision making; use computers and computer software to analyze and convey information in appropriate format; read materials such as newspapers, professional journals, and/or participate in conferences to identify key political, economic, social, and technological events/issues that impact the program; use the information to make appropriate recommendations; communicate effectively orally and in writing; work independently and in a team setting; exercise a high level of judgment in extracting economic and investment information under the guidance of the EUTF Chief Investment Officer; understand investment strategies; research new asset classes and innovative investment methodologies; manage multiple projects; possess organizational and planning skills; operate computing devices, hardware and software proficiently; receive verbal and written instructions; work and make appropriate decisions without supervision; make mathematical computations with accuracy; process work independently and accurately; identify and resolve problems in a timely manner; prioritize and plan work activities; demonstrate accuracy and thoroughness in work product; demonstrate integrity and highest degree of ethics; maintain confidentiality; follow instructions and respond to management direction; work in fast-paced environment; gather and analyze information skillfully; manage multiple tasks; prioritize conflicting demands; deal effectively with others; establish and maintain effective working relationships; use time efficiently; initiate work activities independently; work under stressful conditions; maintain professional appearance and demeanor; and maintain regular attendance.

C. Education:

Graduation from an accredited four (4) year college or university with a bachelor’s degree with at least twelve (12) semester credit hours in accounting, finance, and economics. These credits must have included at least one course each in accounting, finance, and economics. A bachelor’s degree or an advanced degree in business administration, finance, economics or a related field preferred.

Excess work experience as described under the Specialized Experience, below, or any other responsible administrative, professional or analytical work experience that provided knowledge, skills and abilities comparable to those acquired in four (4) years of successful study while completing a college or university curriculum leading to a baccalaureate degree, with the course work described above, may be substituted on a year-for-year basis. To be acceptable, the experience must have been of such scope, level and quality as to assure the possession of comparable knowledge, skills and abilities.

The education or experience background must also demonstrate the ability to write clear and comprehensive reports and other documents; read and interpret complex written material; and solve complex problems logically and systematically.

D. Specialized Experience:

Five (5) years of progressively responsible work experience in institutional investment. Examples of qualifying work experience include, but are not limited to the following:

• Evaluation of financial risk and/or preparing financial forecasts;
• Collection and analysis of financial, economic, and related investment information and data such as stocks and bonds, economic forecasts, future trends, etc.
• Managing and/or analyzing financial portfolios;
• Providing investment advice and recommendations to clients;
• Formulation of investment strategies, policies and procedures;
• Implementation of asset allocation decisions; and/or
• Monitoring and evaluating external investment management firms

Non-Qualifying Experience:

Experience in managing one’s own personal finances or investment portfolio will not be acceptable as qualifying Specialized Experience.

Substitution Allowed:

A master’s degree in accounting, finance, economics or any other related field, from an accredited college or university, may be substituted for one (1) year of the Specialized Experience.

TO APPLY:
Submit the following documents by email or USPS:
1. Resume
2. Cover Letter
3. Copies of All Required Licenses, Certificates
4. Diplomas/Degrees/Official Transcripts

Email Address: DBF.HR.NewHire@hawaii.gov

Mailing Address:
Attn: Human Resources Office
State of Hawaii
Department of Budget and Finance
P.O. Box 150
Honolulu, Hawaii 96810-0150

Application and accompanying materials become the property of the Department of Budget and Finance.

The State of Hawaii is an equal opportunity employer and complies with applicable State and federal laws relating to
employment practices.

Message from Allocator Jobs: To help prepare you for this role, take a look at the Institutional Allocator (IA) program from our partnership organization, the Allocator Training Institute. The IA program curriculum gives you a solid foundation of investing from the allocator’s perspective. You’ll learn how to evaluate investment managers, create an ‘endowment-model’ multi-asset class portfolio, and the quantitative tools necessary to succeed in the role. The three-part program can be completed in less than one year and exams are available every quarter-end month. This is the program that will help you start and then accelerate your allocator career. Reach out if you have any questions.