Senior Portfolio Manager – Public Funds Investments
About The Position
Our current opening is for a Senior Portfolio Manager to join our investment team. We are looking for a team member that can use their investment knowledge and financial industry experience to perform highly specialized financial analysis to support the King County Investment Pool’s (KCIP) strategic investment plans. This position will actively participate in the development, recommendation, implementation and monitoring of all aspects of the KCIP’s authorized investments and will also serve as a key advisor on financial matters to King County’s Executive Finance Committee (EFC), Credit Committee and to the Finance & Business Operations Division’s (FBOD) investment management team. With over $10 billion under management, the KCIP is the second largest local investment pool in the state of Washington and in the top 25 nationally. Over the last three years the KCIP has distributed over $1.2 billion in earnings to participants. The Senior Portfolio Manager position’s primary responsibility will be to collaborate with the Chief Investment Officer and other portfolio managers in administering and managing all matters related to the KCIP and assume a major role in managing the KCIP’s short-term liquidity portfolio.
Requirements
- Bachelor’s degree with a major in Finance, Economics, Mathematics, Accounting, Business, Quantitative Methods, or a closely related field
- Experience in strategy development and/or operational planning; within a financial services environment or any combination of experience/education/training that provides the required knowledge, skills and abilities to perform the work
- 6+ years of professional experience in portfolio management, trade initiation, credit analysis , fixed income investment instruments , and financial reporting within a multibillion-dollar organization or with multibillion-dollar fixed income portfolio
- Professional experience maintaining relationships with investment broker/dealers and advanced understanding of money-market securities such as tri-party repurchase agreements, commercial paper, discount notes, etc.
- Demonstrated ability to understand financial statements, cash flow analysis and credit agency reports
- Knowledge and understanding of financial markets and the investments security settlement process
- Ability to work individually and collaboratively as a team member
- Professional experience in investment management, accounting, or banking
- Strong understanding of the various characteristics and calculations related to fixed income securities
- Skill in understanding political situations that might arise from policy decisions
- Ability to perform research, analyze and solve problems
- Previous experience working with investment systems such as Bloomberg, BondEdge, Yield Book, Singularity, Clearwater, etc.
- Professional experience managing, testing, or leading projects that improved operational efficiency and/or performance, while ensuring projects are managed responsibly and comply with all relevant laws, regulations, and policies
- Ability to manage your time and adapt to changing priorities and projects simultaneously, meet quick deadlines, and produce timely and quality work
Nice To Haves
- CFA charterholder, graduate degree (e.g., MBA, MS in Finance) and/or other industry certifications (e.g. CGIP, CPFIM)
- Advanced technical skills in Microsoft Excel
- Knowledge of quantitative methods, statistics, mathematics, economics, etc.
- Experience with LEAN processes and principles
- Experience with SharePoint, MS Teams, and other collaborative online tools
Responsibilities
- Perform daily cash management and related investment accounting system functions
- Interact across teams and respond to clients for accurate and timely resolutions
- Report on the performance of the KCIP both verbally and in writing
- Oversee investment pool distribution process
- Participate in key relationships on behalf of the KCIP with executives, partners, consultants, and pool participants
- Understand and recommend changes and enhancements to KCIP’s diversified assets by comparing investment opportunities
- Analyze financial, economic, statistical, legal, accounting, market, and other matters quickly, efficiently, and accurately and summarize those results
- Act as one of the key advisors on strategic investment plans and policies for FBOD
- Develop strategies to improve operational efficiency and/or performance of cashflow positioning, including overseeing the development of operational plans to ensure performance targets are met.
- Monitor global and national financial conditions and collaborate with the investment team to meet objectives of the KCIP investment policy
- Conduct relative value of fixed income investment opportunities by interpreting risk-reward parameters including market drivers of bond performance and the value of available alternatives
- Manage King County’s credit program and facilitate the Credit Committee meetings
- Ensure that multimillion-dollar transactions are accurately transmitted and settled
- Help ensure the KCIP always maintains sufficient liquidity to meet all cash demands, including the complexities caused by the County’s $400 million commercial paper self-liquidity program
- Prepare monthly performance reports of the KCIP that are relied on by FBOD’s investment team and Executive Finance Committee
Benefits
- County issued laptop
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What This Job Offers
Job Type
Full-time
Career Level
Senior
