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Type of Role: InvestmentsResearch

Experience Level: VP/Principal/Director

Location: Des Moines, Iowa

Salary: $120K - $146K

The Iowa Public Employees’ Retirement System (IPERS) is seeking qualified candidates for the position of Retirement Investment Risk & Asset Allocation Officer. IPERS investment division is responsible for the administration and management of the $40 billion IPERS investment portfolio. IPERS serves over 375,000 active, inactive, and retired members covering most public employers within the state of Iowa.

The County of Fresno Auditor-Controller/Treasurer-Tax Collector Department is offering an excellent career opportunity for individuals interested in the position of Investment Officer. Reporting directly to the Deputy Treasurer-Tax Collector or their designee, the Investment Officer is responsible for maximizing interest earnings on investable funds within the prescribed guidelines of the Treasurer’s Investment Policy, requirements under the Government Code of the State of California, and prevailing economic conditions that affect the debt markets. The successful candidate will prepare cash-flow projection and analysis to determine investable cash and/or operating cash needs; ensure County’s bank account has a sufficient cash balance to meet cash disbursements plans; and monitor and implement investment decisions for the daily investment and cash management activities of the Treasurer Division.

The position in this classification is in Medical Group I – Light Physical Activity (Personnel Rule 8). This group includes positions which require only light physical effort and may include lifting of small, light objects and some bending, stooping, squatting, twisting, and reaching. Considerable walking or standing may be involved.The eligible candidate must be able to perform the essential functions of the position with or without reasonable accommodation.

Samples of Duties

The information listed below is meant to serve as samples of the job duties and responsibilities for this classification.  This list is neither inclusive nor exclusive, but indicative of several types of duties performed.  Consequently, this information does not reflect Essential Functions for this classification.
  • Prepares cash-flow projection and analysis to determine investable cash and/or operating cash needs; ensures County’s bank account has a sufficient cash balance to meet cash disbursements.
  • Executes daily investment transactions ensuring timely settlement of all trades.
  • Ensures that all maturity proceeds and periodic interest due are accurately calculated and credited to the County’s bank account.
  • Monitors all interest receivables from long-term investments in government and federal agency securities and corporate bond issues.  Reviews the recorded interest received for timeliness and accuracy.
  • Maintains control of subsidiary investment and accounting records involving a variety of accounts and transactions including reconciling revenue and expense, balancing portfolio position, and calculation of interest to be apportioned.
  • Prepares monthly investment report to the Board of Supervisors and the Treasury Oversight Committee.
  • Controls documentation, security procedure, and timely execution of all incoming and outgoing electronic wire transfer of funds.
  • Acts as direct liaison between the Treasurer’s Division, other County Departments, state and local agencies, and the public.
  • Evaluates investment securities for compliance with the County’s and statutory rating requirements, type of security, term of issue, and the asset allocation needs of the portfolio.
  • Assists in developing investment strategies and allocating investment types and maturities to meet operating cash needs of all portfolio participants.
  • Evaluates money market funds for eligibility for purchase for the investment pool.
  • Prepares quarterly and annual market valuation of the investment portfolio in compliance with the reporting requirements of the Government Code and GASB 31.
  • Assists in the preparation of the Annual Investment Policy.
  • Makes recommendations for inclusion or termination of securities brokers and dealers with whom the office conducts investment transactions.
  • Prepares various types of statistical reports relating to investment and cash pool data upon request from the Auditor-Controller/Treasurer-Tax Collector, Deputy Treasurer/Tax-Collector, County Administrator, Board of Supervisors and/or participating agencies.
  • May represent the department in meetings with the Board of Supervisors, commissions, committees, community and regulatory agencies, and other public groups.

 

Knowledge, Skills and Abilities

 

Knowledge of:

  • Principles and practices of governmental financial administration;
  • Principles and practices of accounting and financial management;
  • Laws regulating the investment of public funds;
  • Techniques and principals of managing a short term portfolio;
  • Methods of cash management and cash flow analysis for a large organization;
  • Short and long term investment sources including bonds, government securities, banks, mortgages, etc.;
  • Financial and investment terminology and techniques;
  • Cost accounting principles and practices;
  • Methods used in the purchase, sale and transfer of securities and other investment instruments;
  • Computer-based financial and investment management tools and systems.

Skills/Abilities to:

  • Perform complex financial and investment research and formulate effective financial management strategies;
  • Prepare concise reports and correspondence;
  • Establish and maintain effective working relationships with County departments, special districts, and financial and legal institutions;
  • Make timely and effective investment decisions;
  • Evaluate securities and to negotiate transactions at favorable rates;
  • Communicate effectively, both verbally and in writing.

Minimum Qualifications

OPTION 1:

Education: Graduation from an accredited college or university with a bachelor’s degree in Business Administration, Economics, Finance Accounting, or a closely related field that is acceptable within the United States’ accredited college or university system.

AND

Experience: The equivalent of three (3) years of increasingly responsible, full-time, paid experience in the accounting and financial service industry with direct experience in investment portfolio management.

OPTION 2:

Education: Graduation from an accredited college or university with a bachelor’s degree in Business Administration, Economics, Finance Accounting, or a closely related field that is acceptable within the United States’ accredited college or university system.

AND

Experience: Three (3) years of increasingly responsible, full-time, paid professional accounting experience equivalent to that gained as an Accountant with Fresno County.

TO PREVENT THE DISQUALIFICATION OF YOUR APPLICATION, PLEASE NOTE:

  • Applicants must meet the minimum qualifications and filing requirements for this position by the filing deadline.
  • A completed Fresno County employment application is required (must be current, complete, and accurate; amendments will not be allowed after the filing deadline).
  • Resumes and attachments are not accepted in lieu of a completed employment application.
  • Please fully list your education and work experience, including current position. Failure to list current, complete, and accurate education and work experience within the job application (including employment with the County of Fresno) will result in the disqualification of your application.
  • In the Education section of your application, please provide complete information for each school attended. Please provide the school’s name, school’s location, the type and number of units earned (semester or quarter), type of degree earned (bachelor’s, master’s, etc.) and which major or program (Business Administration, Economics, Finance Accounting, etc.) was completed. Failure to completely list education within the job application will disqualify the applicant from consideration.
  • If you have completed education in a foreign college or university and are using this education to meet the minimum qualifications, you must provide documentation that the foreign education is comparable to that received within the United States’ accredited college or university system or your application will not be accepted. Documentation must be provided by the closing date and time of this recruitment. You may attach a copy to your online employment application; fax a copy to (559) 455-4788, Attn: Zachary Carter; or email it to HREmploymentServices@fresnocountyca.gov. Late submission of documentation will not be accepted. 
  • College/university transcripts may be requested to verify completion of qualifying degree.

SELECTION PROCESS:

Depending upon the number of applicants meeting the minimum qualifications and filing requirements, applicants may be scheduled for one of the processes listed below:

  • Oral Examination – An oral examination includes a panel consisting of at least two members within a similar field of expertise as the vacancy. Candidates are asked structured questions and must respond orally to allow the panel to evaluate the specific qualifications of each applicant.
    • If required, the oral examination will be administered in an online format via the Spark Hire platform.
  • Certify Without Examination – In instances where the number of eligible candidates is less than or equal to the number of qualified applicants the Department is entitled to receive under Personnel Rule 4212, the competitive examination process will be waived and the names will be certified without an examination.

Successful candidates will be placed on an employment list, effective for a minimum of 3 months (may be extended up to 12 months), and certified in final rank order as vacancies occur.REQUIRED APPLICATION MATERIALS:

  • Fresno County Employment Application (must be current, complete, and accurate; amendments will not be allowed after the filing deadline)
  • Supplemental Questionnaire
Please note: All application materials must be received online only by the closing date and time of this recruitment. Applications submitted via U.S. mail, in person, email or fax will not be accepted. Resumes and attachments are not accepted in lieu of a completed application.

HOW TO APPLY:Applications for this recruitment must be submitted online only. An online application may be found at: https://www.governmentjobs.com/careers/fresnoca.

Open Job Information Flyer and click “Apply” to begin the online application process. Failure to complete the job application or failure to follow the application instructions (such as the formatting of education or work experience) will result in the disqualification of the applicant. Amendments will not be accepted after the filing deadline.

Once the filing deadline has passed, you may check the status of this recruitment at any time by logging on to: https://www.governmentjobs.com/Applications/Index/fresnoca.

Please be advised that it is the applicant’s responsibility to notify Fresno County Human Resources of any mailing address and telephone number changes. Notices sent via U.S. mail from Human Resources are not forwarded (“Return Service” is requested, therefore mail will not be sent to a forwarding address).

For the safety of our employees the County of Fresno complies with all Federal, State and Local Orders related to COVID-19, including Cal OSHA Emergency Temporary Standards.

The County of Fresno is an Equal Employment Opportunity Employer. It is the policy of Fresno County to provide employment opportunity for all qualified persons. All applicants will be considered without regard to race, color, religion, sex, national origin, age, disability, sexual orientation, gender, gender identity, gender expression, marital status, ancestry, medical condition, genetic information, or denial of medical and family care leave, or any other non-job-related factor.REASONABLE ACCOMMODATIONS – The County of Fresno is committed to providing reasonable accommodation to applicants as required by the Americans with Disabilities Act (ADA) and the Fair Employment and Housing Act (FEHA). Qualified individuals with disabilities who need a reasonable accommodation during the application, examination or selection process may contact Human Resources at (559) 600-1830 at least five days prior to the scheduled date or deadline.