Chief Deputy of Investments bei Merced County, CA

About the Department

Duties may include, but are not limited to the following:

• Plans, organizes, directs, and coordinates the functions and operations of staff.
  
  
• Plans, organizes, directs and evaluates cash forecasting and predictive audits for operations in accordance with established investment practices.
  
  
• Assists the Treasurer-Tax Collector and Assistant Treasurer-Tax Collector in the formulation and evaluation and implementation of department policies and guidelines, particularly those involving asset allocation, risk management, and investment operation strategies.
  
  
• Assists in planning, developing and implementing the County’s daily cash management.
  
  
• Reviews all proposed legal changes pertaining to California Government Code related to investments, SEC reporting requirements and recommends policy changes as required.
  
  
• Administers multiple cash management systems, investment software, and other software/web-based systems.
  
  
• Documents, coordinates and initiates all outgoing wire transfers.
  
  
• Determines the amount of surplus cash available for investment, initiates the settlement of the purchase, sale and exchange of securities as dictated by the cash forecast in compliance with approval policies.
  
  
• Announces, negotiates and administers contracts for brokers, money markets, and securities safekeeping services after consulting with the and attaining the approval the Treasurer-Tax Collector/Assistant Treasurer-Tax Collector.
  
  
• Reviews new technological applications affecting both banking and investment operations; recommends and implements internal changs as appropriate.
  
  
• Analyzes the receipts and disbursements through the County Pool to estimate the daily cash flow requirements of the County Treasury.
  
  
• Estimates funds need in the cash reserves, account collateral levels, and special bank accounts to meet current demand and to satisfy account liquidity requirements based on cash flows and established policy.
  
  
• Determines the amounts of surplus funds for investments based on cash forecasts and established policies, on a short-term basis and duration investing. 
  
  
• Analyzes short-term and daily money markets; confers with the officers of financial institutions regarding bids for the purchase, sale, or exchange of securities, and negotiates security transactions based on cash flow requirements and established policy; executes security transactions and ensures settlement thereof.
  
  
• Analyzes medium-term markets and macroeconomic cycles; confers with the Treasurer-Tax Collector/Assistant Treasurer-Tax Collector regarding positioning the longer end of the portfolio to take advantage of duration investing to hedge against the changing interest rate environments.
  
  
• Assists the County and other public agency debt-issuers in the pricing of their bonds.
  
  
• Prepares reports and discuss Treasury Pool performance and meets quarterly with the Treasury Oversight Committee as required.
  
  
• Supervises and reports on investment of County debt proceeds held outside of the County Pool.
  
  
• Manage and monitor the work of assigned staff, consultants, and vendors.
  
  
• Supervise, train and evaluate staff.
  
  
• Performs other related duties.

Position Duties

Experience:
Two (2) years of responsible paid experience working in publicly traded fixed income securities which must include experience in accounting, banking or related financial field.

OR

Five (5) years of responsible paid experience working in publicly-traded fixed income securities. 

Education:
Graduation from an accredited college or university with a bachelor’s degree in business or public administration, accounting, finance, or related field.
 
Desirable:
Certification as a Treasury Professional (CTP) by the Association for Financial Professionals (AFP) or Certified Public Account (CPA) 

Minimum Qualifications

• Operate a personal computer and other office equipment.
  
  
• Communicate effectively with others in person, in writing, and over the telephone.
  
  
• Analyze data, interpret policies, procedures and regulations, and develop appropriate conclusions.
  
  
• Complete multiple priority projects and meet deadlines under stressful conditions. 
  
  
• Maintain confidential information in accordance with legal standards and/or County regulations.
  
  
• Establish, implement and achieve goals and objectives.
  
  
• Manage multiple internal financial systems.
  
  
• Make presentations to various stakeholder groups.
  
  
• Select, train, evaluate and supervise staff.
  
  
• Frequent use of depth perception, peripheral vision and color perception.
  
  
• Frequently lift, carry, reach, push, pull, twist and manipulate large and small objects.
  
  
• Frequent use of hand-eye coordination.
  
  
• Normal dexterity, frequent holding and grasping.
  
  
• Occasionally lift and carry up to 40 pounds.
  
  
• Regular attendance is an essential function.
  
  

• California Law relating to municipal investment management; the principles, practices and proper application of fixed-income investment for a large portfolio; modern banking practices and procedures.
  
  
• Use of technology, including personal computers and related business software, in the modern office and operational environment.
  
  
• Accounting principles and procedures and their application to accounting transactions in government to include Government Accounting Standards Board (GASB) 31, 79 and other GASB provisions in draft or application.
  
  
• Financial analysis and research procedures.
  
  
• Auditing theory, principles, and practices.
  
  
• Laws, ordinances and regulations governing the financial operations of the County.
  
  
• Data processing applications for financial, fiscal and payroll recordkeeping.
  
  
• Organizations and functions of the various County Departments and political subdivisions.
  
  
• Principles of staff management, supervision and training.
  
  
• Record keeping practices and principles.
  
  

• Plan, organize and direct the work of others.
  
  
• Work independently, use good sound judgement and discretion in handling complex, varied, and specialized investment programs. 
  
  
• Perform day-to-day activities connected with cash/portfolio management.
  
  
• Analyze investment data to achieve short-term, mid-range, and long-term investment goals.
  
  
• Prepare comprehensive and accurate reports of various types and complexities.
  
  
• Perform under pressure with minimum supervision.
  
  
• Follow policies and procedures as established by the Treasurer-Tax Collector.
   
• Make investment recommendations and/or decisions in accordance with established policies.
  
  
• Speak and write effectively.
  
  
• Represent the department in contacts with the public, community organizations, Federal/State entities and other government agencies.
  
  
• Establish and maintain cooperative working relationships with those contacted in the course of work.
  
  
• Prepare comprehensive and accurate reports of various types and complexity.