INVESTMENT OFFICER (#UA4 )
$45.63-$60.92 hourly / $7,909.00-$10,559.00 monthly / $94,910.40-$126,713.60 yearly

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Definition

Under general direction, plan, organize, and coordinate the investment and banking activities of the Auditor-Controller-Treasurer-Tax Collector’s Office; performs professional analytical research and work related to public finance and performs other work as required.

Distinguishing Characteristics

This single-position classification reports directly to the County Treasurer-Tax Collector Manager. The incumbent receives broad policy direction from the Treasurer-Tax Collector, while working independently, and providing specialized fiscal support. This classification is responsible for the physical care and investment decision making for monies received and deposited by the County and affiliated agencies. This position ensures the optimal utilization of County funds by determining cash needs on a daily basis and providing for the timely investment of funds.

This class differs from the next higher class of Treasurer-Tax Collector Manager who has responsibility for the coordination and supervision of subordinate treasury, tax, and collection staff activities.

Typical Tasks

This single-position classification reports directly to the County Treasurer-Tax Collector Manager.
The incumbent receives broad policy direction from the Treasurer-Tax Collector, while working independently, and providing specialized fiscal support.
This classification is responsible for the physical care and investment decision making for monies received and deposited by the County and affiliated agencies.
This position ensures the optimal utilization of County funds by determining cash needs on a daily basis and providing for the timely investment of funds.
This class differs from the next higher class of Treasurer-Tax Collector Manager who has responsibility for the coordination and supervision of subordinate treasury, tax, and collection staff activities.

Employment Standards

Knowledge:

Thorough knowledge of:

• Theory of money and banking as it applies to cash management, bank reconciliations, banking

procedures, cash flow and liquidity demands of a large organization.

• Microsoft Office and investment decision programs, such as Bloomberg and Treasury management

systems.

• California government code sections relating to public funds investment.

Working knowledge of:

• Applications of accounting theory, principles, terminology, and practice to a wide variety of

accounting transactions and problems.

• Working knowledge of bonds, U.S. Government securities, and money market investment instruments.

• Governmental accounting, budgeting, and finance.

• Operations and procedures of a Treasury Operation.

• Data processing principles and applications.

Ability to:

• Review and analyze cash flow requirements and identify funds available for investment.

• Analyze market factors and County finances to react to variables that may impact County investment

strategies.

• Perform complex financial and investment research and formulate effective financial management

strategies.

• Negotiate transactions at favorable prices.

• Use computerized software programs.

• Read, interpret, and apply laws, rules and regulations.

• Establish and maintain effective relationships with public officials, banking and investment officers,

the public and county staff.

• Prepare and present complex financial data and information, verbally and in writing, in an

understandable manner to a variety of audiences.

EDUCATION AND EXPERIENCE

Any combination of training and experience, which would provide the required knowledge and abilities, is

qualifying. A typical way to obtain these knowledge and abilities would be:

Equivalent to graduation from an accredited college with a major in Finance, Economics, Accounting, Business or

Public Administration or a closely related field, and three (3) years of full-time or its equivalent professional

experience in financial management, securities investment, accounting or banking which would have provided a familiarity with cash management, cash-flow analysis, investment instruments, debt issuance and financial

reporting; At least one year of experience managing an investment pool of over $100 million is highly desirable.

Highly Desirable:

- Certification as a Chartered Financial Analyst (CFA), Public Accountant (CPA), and/or Public

Finance Officer (CPFO).

- Finance and treasury/investment experience in a government or public agency.

Substitution: Possession of a Master of Business Administration degree with an emphasis in Economics, Finance, or Accounting, or a Certification as a Chartered Financial Analyst (CFA) may be used to substitute one (1) of the years of experience.

Special Requirements:

Fingerprinting and successful completion of a background investigation.

Miscellaneous

Bargaining Unit: 11

EEOC Category: 02

Occupational Grouping: 81

Workers’ Comp Code: 0053