Cash and Investment Manager

Wake County Government•Raleigh, NC

8d•Onsite

About The Position

Lead Wake County's Financial Future as Our Next Cash & Investment Manager! As the Cash & Investment Manager of Wake County, you will be responsible for managing the County’s cash and investments which includes, but is not limited to, forecasting appropriate and necessary daily cash liquidity, maximizing earnings of diversified investments in accordance with NC general statutes, tracking and reconciling cash and investment balances, reporting cash and investment balances and performance, tracking investment performance and industry trends, completing required statutory reporting and reporting related to deposits and investments for ACFR, managing banking and brokerage relationships and performing other tasks as assigned, while in frequent collaboration with the County’s external investment advisory firm, as necessary. In this role you will: Process daily cash transactions including incoming and outgoing wires and ACH transfers. Strategically plan to ensure near-term liquidity to support timing and level of County expenditures. Pursue appropriate permissible investments per County’s defined investment strategy. Make investment decisions independently while in collaboration with external investment advisor. Partner with banks, brokerage firms and other industry professionals to make investments. Forecast, manage and track investments with Sympro Investment Software. Track relevant economic indicators which affect interest rates and County interest income. Perform required reconciliations and complete required reporting. Provide relevant investment portfolio updates to Finance Department and possibly County leadership as requested.

Requirements

Bachelor's degree in Finance or related field
5 years of experience managing Cash and Investment Portfolio for an organization
Equivalent education and experience are accepted
Solid knowledge and understanding of diversification and laddering strategies for investments
Proficient skills in Microsoft Office applications and internet-based tools
Organized and detail-oriented with the ability to thrive in fast-paced environment
Ability to exercise sound judgment and work independently
Ability to partner well with external professionals in making important, timely investment decisions in the best interests of the County and its citizens
Demonstrate solid analytical, strategic, problem-solving and critical-thinking skills
Ability to communicate thoughtfully, clearly, and succinctly, both verbally and in writing
Ability to present information to leadership and in public forums, as necessary

Nice To Haves

5 to 10 years of experience managing Cash and Investment Portfolio for a local government
Familiarity with investment software and Microsoft Office
Solid background in strategic planning, cash flow management and investment management

Responsibilities

Process daily cash transactions including incoming and outgoing wires and ACH transfers
Strategically plan to ensure near-term liquidity to support timing and level of County expenditures
Pursue appropriate permissible investments per County’s defined investment strategy
Make investment decisions independently while in collaboration with external investment advisor
Partner with banks, brokerage firms and other industry professionals to make investments
Forecast, manage and track investments with Sympro Investment Software
Track relevant economic indicators which affect interest rates and County interest income
Perform required reconciliations and complete required reporting
Provide relevant investment portfolio updates to Finance Department and possibly County leadership as requested