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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Tallahassee, Florida

Salary: $126K - $195K

The State Board of Administration (SBA) is primarily an asset management organization responsible for investing state and local government assets. Established by the state’s constitution, its mission is to provide superior investment and trust services while adhering to the highest ethical, fiduciary, and professional standards. As of June 30, 2022, the board had $228.0 billion under management; the largest fund under supervision is the Florida Retirement System (FRS) Pension Plan Fund ($180.0 million). Other major funds include the FRS Investment Plan Fund ($12.8 million), the Florida Hurricane Catastrophe Fund ($12.4 million), and the Local Government Surplus Funds (Florida PRIME) Trust Fund ($17.7 million).

About the job

The SBA is recruiting a Portfolio Manager II to join the Fixed Income asset class. The Portfolio Manager II works as both a trader and portfolio manager. The position executes trades for the internally managed Active portfolio. This position also is responsible for management and trading of the Intermediate Government/Credit Internal Passive and FRS Cash Enhanced portfolios.

Responsibilities include but are not limited to:

  • Performing portfolio management for the Intermediate Government/Credit Internal Passive and FRS Cash Enhanced portfolios.
  • Executing trades for the Fixed Income asset class
  • Financial Contracts and Regulation
  • Conducting special projects and various assignments
  • Providing client service
  • Performing other duties as assigned

 

What you should have

Eight years of related experience. A postsecondary degree may be used as an alternative for years of experience; 2 years for an associate’s degree, 4 years for a bachelor’s degree, 6 years for a master’s degree, 7 years for a professional degree, or 9 years for a doctoral degree.

Preferences

  • A bachelor’s degree from an accredited college or university in finance, mathematics, accounting, economics, statistics, business, communications, political science, computer science, management information systems, public administration, or a related field
  • Five or more years of related experience
  • Chartered Financial Analyst (CFA) credential
  • Strong computer literacy with emphasis on Microsoft Word, PowerPoint and Excel
  • Knowledge of Bloomberg systems and functions
  • Knowledge of Tradeweb and Market Axess Trading Systems

Knowledge, Skills and Abilities:

  • Knowledge of fixed income securities, financial concepts and theories along with knowledge of Bloomberg systems and functions used in the Fixed Income asset class
  • Basic knowledge of accounting principles and practices
  • Knowledge of industry standards for policies and procedures
  • Knowledge of types of risk (i.e., market, credit, operational, liquidity)
  • Extensive Microsoft Excel skills
  • Ability to make independent decisions in solving problems
  • Ability to understand, interpret and apply laws, rules, regulations, policies and procedures
  • Ability to perform at a high level in a team environment
  • Ability to gather data, to compile information and prepare reports
  • Ability to communicate effectively, both in writing and orally
  • Ability to conduct research, compile data and present results in an articulate and useful manner
  • Travels occasionally to various locations throughout the United States