Investment Officer (Fiscal Manager)

Salary : $111,779.20 - $154,814.40 Annually Location : Orange County Job Type: Full-Time Regular Job Number: 8220MA-(O) Department: Treasurer/Tax Collector Opening Date: 10/15/2024 Closing Date: 11/17/2024 11:59 PM Pacific CAREER DESCRIPTION INVESTMENT OFFICER (FISCAL MANAGER) SALARY INFORMATION This position is scheduled to receive salary range increases on the following dates: Effective June 27, 2025: 4.00% increase Salary may be negotiable within the range listed above, based on position requirements and successful candidate's qualifications, subject to appropriate authorization and is generally hired at mid-range. OPEN TO THE PUBLIC This recruitment will establish an eligible list open to the public that will be used to fill current/future vacancies in the Office of the Treasurer-Tax Collector and/or any other departments within the County of Orange. This recruitment may also be used to fill positions in similar and/or lower classifications throughout the County of Orange. DEADLINE TO APPLY Qualified applicants are encouraged to apply immediately. This recruitment will close on Sunday, November 17, 2024, at 11:59 PM PST. TREASURER-TAX COLLECTOR The mission of the Treasurer-Tax Collector (TTC) is to ensure safe and timely receipt, deposit, collection, investment and payment of public funds. Our vision is to implement best business practices which maximize value, minimize costs and provide timely, accurate and courteous service to our internal and external customers. To accomplish our mission and vision, we will invest public funds in a manner that provides maximum security of principal and maintains the public trust; maintain sufficient liquidity to enable participants to meet their operating cash requirements; obtain a stable market rate of return throughout budgetary and economic cycles; provide timely, cost-effective, accurate and courteous customer service; invest resources to develop and maintain knowledgeable and competent staff; act in an ethical and professional manner while maintaining honest, respectful and open communications; and, streamline cashiering and collection processes to increase timely collection of public revenues for the benefit of Orange County citizens. The Treasurer-Tax Collector has an annual operating budget of $18 million with approximately 70 employees. The Treasurer also is an ex-officio trustee on the Orange County Employees Retirement System managing over $23 billion and the banker for the community and school districts in Orange County. THE OPPORTUNITY The Treasurer-Tax Collector is seeking an experienced and innovative Investment Officer (Fiscal Manager) to support the Treasury Division. Under the direction of the Division Director of Treasury, the Investment Officer assists in the management of the County's $14 billion fixed income investment portfolio. The Investment Officer is responsible for the following: Assist with the development and implementation of the investment strategy, including, but not limited to, analyzing different fixed income securities and purchase types, and maintaining liquidity to comply with liquidity policies, and analyzing new security types for possible inclusion in portfolios. Execute investment strategies as approved by the Treasurer and the Division Director of Treasury for the pooled funds and specific investments. Manage portfolio to comply with approved policies and procedures, with Government Code, Investment Policy Statement, and internal policies, with a goal of zero compliance exceptions. Review current procedures and recommend changes to streamline investment processes. Prepare analysis of various investment related statistics, including trending of investment yields, liquidity needs and other related analysis. Maintain, as needed, the Bloomberg AIM trading system and the Bloomberg Pre-Trade Compliance rules; provide recommendations to usage of the trading software. Analyze historical financial information business, industry, or economic conditions for use in investment strategy. Work with approved brokers and dealers to purchase at competitive rates and comply with the policy of three competitive bids. Assists developing cash forecasts for investment purposes. Assists develop interest rate forecasts and monitor current interest rate forecasts by analyzing short- and longer-term markets and macroeconomic cycles. Assist in the School and Community College Districts municipal bond offering process by reviewing official documents, analyzing proposed debt pricing, structure, including assessed valuations and other bond analysis and coordinating with other various bond financing team members, including the District professionals as the Treasurer is the banker for these Districts. Enter trades in the Treasury Management System, preferably using automated feed, to ensure investment detail of trade is properly entered. May draft, prepare, and update analysis on various investment sections of the monthly investment report. Other duties as assigned. DESIRABLE QUALIFICATIONS & CORE COMPETENCIES The ideal candidate will possess a combined five (5) years of professional work experience and must include one (1) year of lead/supervisory experience as an: Investment officer in a high-quality fixed income trading environment managing a liquidity or working capital pool, such as money market mutual funds AND/OR Fixed Income Investment Officer trading high quality fixed income investments The ideal candidate should have working knowledge of Bloomberg, a strong background in debt financing, and experience in Treasury Management Software. One (1) year of experience as a Fiscal Administrator or two (2) years of experience as a Fiscal Analyst or its equivalent with the County of Orange will meet the required experience. A Bachelor's degree in accounting, finance, business administration, or economics may substitute for one (1) year of the required experience. A Master's degree or higher in accounting, finance, business administration, or economics may substitute for two (2) year of the required experience. In addition, the ideal candidate will possess extensive knowledge and/or experience in the following core competencies: Technical Experience | Technical Knowledge Perform accounting, investment analysis, treasury analysis, market analysis, investment reporting, or investment performance measurement. Understand and apply California Government Code on Investment Guidelines and Policies. Knowledge of the Capital Markets, including the issuance and management of debt. Leadership| Supervisory Skills Clarify performance expectations (e.g. roles, responsibilities, standards, and goals) collaboratively with others. Tailor developmental suggestions (e.g. training, learning opportunities, and key experiences) to fit individual, team, and organizational needs. Manage all aspects of performance management systems within established time frames. Demonstrate a diligent work ethic as well as working independently and as part of a team. Problem Solving | Analytical Skills Accurately identify issues, impacts, and provide solutions. Research, organize, interpret, and apply relevant data. Work in a fast paced environment, to multi-task, while handling and prioritizing multiple projects and meet deadlines with an accurate and complete work product. Keen attention to detail to demonstrate high level of accuracy. Oral & Written Communication Produce and present forecasts and reports on investment related information to committees and upper management. Work effectively with various members of the organization, including staff, supervisors, and upper-level management. Demonstrate strong verbal and written communications skills; excellent grammar skills and the ability to articulate ideas in an organized and effective manner. MINIMUM QUALIFICATIONS Click to learn more about the minimum qualifications for the Fiscal Manager classification, as well as the physical & mental requirements and environmental conditions. RECRUITMENT PROCESS Human Resource Services (HRS) will screen all application materials to identify qualified applicants. After screening, qualified applicants will be referred to the next step and notified of all further procedures applicable to their status in the recruitment process. Application Screening (Refer/Non-Refer) Applications and supplemental responses will be screened for qualifications that are desirable and needed to successfully perform the duties of this job. Only those applicants who meet the qualifications as listed in the job bulletin will be referred to the next step. Structured Oral Interview | Oral Exam (Weighted 100%) Applicants will be interviewed and rated by panel of job knowledge experts. Each applicant's rating will be based on responses to a series of structured questions designed to elicit the applicant's qualifications for the job. Only the most qualified applicants will be placed on the eligible list. Eligible List Once the assessment has been completed, HRS will establish an eligible list of candidates. Candidates placed on the eligible list may be referred to a selection interview to be considered for present and future vacancies. Based on the Department's needs, the selection procedures listed above may be modified. All candidates will be notified of any changes in the selection procedure. Veterans Employment Preference Policy (VEPP) The County is committed to providing a mechanism to give preferential consideration in the employment process to veterans and their eligible spouses and will provide eligible participants the opportunity to receive interviews in the selection process for employment and paid internship openings. Please here to review the policy. ADDITIONAL INFORMATION Please see below for important information regarding COVID 19 related recommendations Effective April 3, 2023, it is strongly recommended that County employees working in health care settings and correctional facilities follow vaccination and booster guidelines provided by the California Department of Public Health (CDPH) and the Centers for Disease Control and Prevention (CDC). Please click here to see the latest guidance for more details. EMAIL NOTIFICATION Email is the primary form of notification during the recruitment process. Please ensure your correct email address is included in your application and use only one email account. NOTE: User accounts are established for one person only and should not be shared with another person. Multiple applications with multiple users may jeopardize your status in the recruitment process for any positions for which you apply. Candidates will be notified regarding their status as the recruitment proceeds via email through the site. Please check your email folders, including spam/junk folders, and/or accept emails ending with "" and "." If your email address should change, please update your profile at FREQUENTLY ASKED QUESTIONS Click for additional Frequently Asked Questions. For specific information pertaining to this recruitment, contact Omar Ghazi at or (714) . EEO INFORMATION Orange County, as an equal employment opportunity employer, encourages applicants from diverse backgrounds to apply. Administrative Management * In addition to the County's standard suite of benefitssuch as a variety of health plan options, sick and vacation time and paid holidayswe also offer an excellent array of benefits such as: Retirement: Benefits are provided through the Orange County Employees' Retirement System (OCERS). Please go to the following link to find out more about Defined Benefit Pensions and OCERS Plan Types/Benefits. Paid Leave: Twelve holidays per year plus sick and vacation time Health & Dependent Care Reimbursement Accounts Dental Insurance: County pays 100% of employee and dependent premiums Paid Life Insurance: $100,000 life insurance policy Paid Accidental & Death and Dismemberment Insurance: $100,000 AD&D insurance policy Paid Short & Long Term Disability insurance programs 457 Defined Contribution Program *Effective 07/01/20, management employees who are sworn Public Safety Managers receive health insurance benefits through the AOCDS Medical Benefit Plans. Click for information about benefits offered to County of Orange employees. 01 The information you provide in your application and the supplemental questions below will be used to evaluate your qualifications for the position. Please provide descriptive, and detailed information when answering the questions below. If you do not have experience, please write "N/A". I have read and understand the instructions above. Yes 02 If you possess a Bachelor's degree or higher, please state the degree and major below. Unofficial or official transcripts must be attached to your application at the time of submission if you are substituting years of experience. If you have no comments or information to provide, please write "Not Applicable".NOTE: Foreign degrees require an evaluation of U.S. equivalency by an agency that is a member of the National Association of Credential Services (N.A.C.E.S.). 03 Please select the option that best describes your work experience: 5+ years of professional, full-time experience as an investment officer in a high quality fixed income trading environment managing a liquidity or working capital pool; must include one (1) year of lead/supervisory experience. 5+ years of professional, full-time experience as a fixed income portfolio manager trading high quality fixed income investments; must include one (1) year of lead/supervisory experience. 5+ years of combined professional, full-time experience as an investment officer AND fixed income portfolio manager as listed above; must include one (1) year of lead/supervisory experience. Less than 5 years of experience. None of the above 04 For the work experience selected in question 3, please describe your investment trading and/or portfolio management experience. Include in your response, the name of the company, years of experience, and a more in-depth explanation of duties than is provided in your application or resume. If you do not possess this experience, please write "N/A". 05 Do you either possess a Chartered Financial Analyst (CFA) certification or have you passed Level 1 of the CFA? (This is preferred but not required). Yes No 06 Please describe your experience utilizing investment software like Investment/Trade related systems (e.g., Bloomberg) or Treasury Management Systems (e.g., Quantum) as it relates to the Investment Officer role. Include in your response, the name of the system(s), the type, and complexity of reports you generated, and how often you used the system in your job. If you do not possess this experience, please write "N/A". 07 Describe in detail your background and experience developing an investment strategy. In your response, please include: (a) the name of the company; (b) the estimated number and volume of trades you traded on an annual basis; (c) the approaches you used in buying and selling high quality fixed income securities; and (d) how you analyzed new security types. If you do not possess this experience, please write "N/A". 08 Describe your experience within the capital markets and provide any direct debt financing experience, focusing on any municipal debts experience. If you do not possess this experience, please write "N/A". 09 Describe your experience developing investment reports that are specifically assigned to you. Include in your response, the type of report you created, the information contained in the reports, to whom you presented the reports, and how often your prepared and/or presented the reports. If you do not possess this experience, please write "N/A". Required Question

Created: 2024-11-05