INVESTMENT OFFICER

Job Specifications

Class Code: UA4

Analyst: SC

Date Originated:	07/20
Date Revised:

SANTA CRUZ COUNTY 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

• Plans, organizes, coordinates, and directs the County’s investment activities including buying and selling securities for the County investment pool, monitors the pooled investment portfolio using various cash management software systems.
• Develops short, medium, and long-term cash flow estimates and countywide revenue and expense projections.
• Prepares regular and special accounting and narrative reports of varying complexity for the Treasurer, other County departments, Board of Supervisors and Treasury Oversight Commission.
• Staffs the Treasury Oversight Commission which may include preparing agendas, minutes, quarterly investment reports and the annual Investment Policy. Also, communicates regularly with Commission members, outside auditors and other county departments.
• Determines the amount of Treasury cash available for investment. Determines interest received which is required for apportionment to pool members.
• Monitors and assesses regulatory environment and economic data and remains current on economic trends by attending conferences and meetings as required.
• Maintains county banking relationships in addition to managing county bank accounts, products and banking administrators.
• Performs related duties as assigned.

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.


Bargaining Unit: 11
EEOC Category: 02
Occupational Grouping: 81
Workers’ Comp Code: 0053