County of Alameda

Investment Specialist (#0159)

Bargaining Unit: ACMEA - General Mgmt (R15)
$38.74-$47.09 Hourly / $3,099.20-$3,767.20 BiWeekly /
$6,714.93-$8,162.27 Monthly / $80,579.20-$97,947.20 Yearly

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DESCRIPTION

Under general direction, assist in financial reporting, accounting analytics, statistical and narrative reports for the Treasurer-Tax Collector’s Office and other county departments and agencies, as well as performing other related duties as required.

DISTINGUISHING FEATURES

This single classification is located in the Treasurer-Tax Collector’s Office and reports directly to the Chief Investment Officer, Treasurer’s Department. The incumbent may have a wide range of departmental responsibilities, including varied accounting functions, maintaining financial records for a departmental division, and reviewing vouchers, warrants, purchase orders, requisitions, and similar financial documents.

This classification is distinguished from the next higher classification of Chief Investment Officer Treasurer’s Department, in that the latter is responsible for managing the overall investment pool.

EXAMPLES OF DUTIES

NOTE: The following are the duties performed by employees in this classification. However, employees may perform other related duties at an equivalent or lower level. Each individual in the classification does not necessarily perform all duties listed

Prepares a variety of financial reports and analytical accounting, statistical, and narrative reports for the Department, Alameda County Auditor, and other agencies as needed.
Prepares a variety of correspondence, periodic and special reports, policies, procedures, and other written materials pertaining to treasury investments. May access varied databases or use information from various sources to prepare such materials.
Initiates electronic fund transfers to interface with financial institutions and Federal, State, and Local agencies for the Treasurer’s investment transactions and for various Alameda County Departments, schools, and special districts.
Conducts research and due diligence on economic changes, market trends, industries, sectors, and specific investments to present to the Investment Officers to assist them in making investment decisions.
Represents the Investment Unit, Department, or Agency and acts as liaison with other Alameda County departments, representatives of other public and private organizations, and program participants.
Reviews a variety of documents related to the operations of the Investment Unit for compliance to the Government Code, program regulations and procedures. Researches and makes corrections as required.
Prepares daily investment holdings analysis and monitors balancing activities for trust and custodial accounts.
Performs daily calculation of investable cash and/or operating cash needs. Ensures that the Alameda County’s bank account has a sufficient cash balance to meet cash disbursements in the absence of the Chief Investment Officer.
Processes and maintains investment documents and transactions in conformance with established procedures and controls. Maintains accurate records and files related to work performed.

MINIMUM QUALIFICATIONS

EITHER I

Experience:

The equivalent of two (2) years of full-time experience in the classification of Accountant or in an equivalent or higher-level Accountant or Financial classification performing financial research and analysis and reporting in the Alameda County classified service.

OR II

Education:

Possession of a bachelor's degree from an accredited college or university with major coursework in Business or Public Administration, Accounting, Economics, or a closely related field.

AND

Experience:

The equivalent of one (1) year of full-time experience in the field of investments at a financial institution performing portfolio management, financial investments, and/or accounting duties.

Substitution:

Additional experience, as outlined above, may be substituted for the education requirement on a year-for-year basis.

NOTE: The Civil Service Commission may modify the above Minimum Qualifications in the announcement of an examination.

KNOWLEDGE AND SKILLS

NOTE: The level and scope of the following knowledge and abilities are related to duties listed under the “Examples of Duties” section of this specification.

Knowledge of:

Applicable laws, policies, and procedures related to the investments of the Treasurer’s pool.
Principles of accounting and finance.
Laws and regulations controlling County fiscal, accounting, collections, and recording operations.
Principles of banking and cashiering operations.
Methods of financial analysis.
Computer systems used for accounting and investment management.
Automated remittance processing to handle the collection of large volumes and dollar amounts.
Spreadsheets, database management, and other computer applications.

Ability to:

Understand and apply the principles of investment, finance, and accounting.
Communicate effectively with co-workers, stakeholders, and vendors.
Ability to interpret complex rules and regulations.
Prepare analytic reports and develop procedures for various business processes.
Plan, manage, and perform complex accounting and administrative tasks.
Manage multiple priorities and meet deadlines.
Use Excel, Word, Microsoft Outlook, and other relevant computer software.

CLASS SPEC HISTORY

DRH:jf New Spec 3/15/17

CSC Date: 4/12/17

DR:saa Revised:12/21/2024

CSC Date:02/07/2024

BENEFITS

Alameda County offers a comprehensive and competitive benefits package that affords wide-ranging health care options to meet the different needs of a diverse workforce and their families. We also sponsor many different employee discount, fitness and health screening programs focused on overall well being. These benefits include but are not limited to*:

For your Health & Well-Being

Medical – HMO & PPO Plans
Dental – HMO & PPO Plans
Vision or Vision Reimbursement
Share the Savings
Basic Life Insurance
Supplemental Life Insurance (with optional dependent coverage for eligible employees)
Accidental Death and Dismemberment Insurance
County Allowance Credit
Flexible Spending Accounts - Health FSA, Dependent Care and Adoption Assistance
Short-Term Disability Insurance
Long-Term Disability Insurance
Voluntary Benefits - Accident Insurance, Critical Illness, Hospital Indemnity and Legal Services
Employee Assistance Program

For your Financial Future

Retirement Plan - (Defined Benefit Pension Plan)
Deferred Compensation Plan (457 Plan or Roth Plan)

For your Work/Life Balance

12 paid holidays
Floating Holidays
Vacation and sick leave accrual
Vacation purchase program
Management Paid Leave**
Catastrophic Sick Leave
Pet Insurance
Commuter Benefits Program
Guaranteed Ride Home
Employee Wellness Program (e.g. At Work Fitness, Incentive Based Programs, Gym Membership Discounts)
Employee Discount Program (e.g. theme parks, cell phone, etc.)
Child Care Resources
1^st United Services Credit Union

*Eligibility is determined by Alameda County and offerings may vary by collective bargaining agreement. This provides a brief summary of the benefits offered and can be subject to change.

** Non-exempt management employees are entitled to up to three days of management paid leave. Exempt management employees are entitled to up to seven days of management paid leave.