TREASURER'S OFFICE, INVESTMENT PORTFOLIO MANAGER

Location
Arlington, Virginia
Salary
$83,553.60 - $127,628.80 Annually
Posted
Jan 22, 2021
Closes
Feb 05, 2021
Ref
4442-21A-TRS-HQ
Hours
Full Time
Position Information

As an elected official, the Arlington County Treasurer is accountable to the citizens of Arlington County. The Treasurer's Office is seeking an Investment Portfolio Manager to work directly with the Deputy Treasurer for Accounting and Treasury Management to manage the County's cash balances and investment portfolios. Under the general supervision of the Deputy Treasurer for Accounting and Treasury Management the successful candidate monitors cash balances and cash flow forecast in coordination with the planning, implementation and management of the investment portfolio and performs related work as required.

Major duties include:
  • Monitoring cash balance and project cash flow of all County funds and helping prepare economic forecasts.
  • Implementing investment strategies in accordance with the Treasurer's mandate of "SLY" (Safety, Liquidity, Yield).
  • Preparing investment recommendations for County funds.
  • Analyzing investment options in accordance with Treasurer's Office Investment Policy and the Code of Virginia.
  • Building financial and statistical models to identify and manage investment risk.
  • Maintaining daily investment portfolio positions ensuring that underlying records of investment tracking system, general ledger and custodial balance are in sync.
  • Investing general obligation bond proceeds, adhering to Code of Virginia requirements for various bond funds and to Internal Revenue Service requirements for arbitrage.
  • Documenting, reviewing and reporting on the status and strength of internal controls, and proposing enhancements focusing on investment procedures and management reporting.
  • Creating and presenting proposals to facilitate or augment inter- and intra-County relationships to enhance investment program capabilities.
  • Tracking debt service needs, bond expenditures and initiate redemptions from State Non-Arbitrage Program on a timely basis.
  • Negotiating and preparing all investment-related contracts and fee schedules.
The ideal candidate will have the following:

  • Knowledge of the principles, methods, techniques, and systems of investment AND financial management and the ability to apply them.
  • Knowledge of related economic, accounting and legal principles and methods.
  • Knowledge of pertinent Federal, State and County statutory and regulatory provisions.
  • Ability to analyze, evaluate and interpret financial data and draw sound conclusions.
  • Ability to communicate clearly and concisely, both orally and in writing.
  • Ability to establish and maintain effective working relationships with others.
  • Ability to prepare comprehensive reports and maintain accurate records.
  • Reading comprehension to read complex legal and technical materials.


Selection Criteria

At a minimum the desired individual will have a combination of education and experience equivalent to a Bachelor's degree in accounting, finance, or related field PLUS significant, progressively responsible professional experience in investment management, financial analysis, and/or public finance administration.

Desirable: Preferencewill be given to applicants with the following:

  • Experience investing a general obligation bond portfolio in accordance with the Code of Virginia;
  • Knowledge of IRS arbitrage requirements and Virginia's State Non-Arbitrage Program (SNAP);
  • Chartered Financial Analyst credentials; and
  • Experience with Bloomberg.


Special Requirements

Please provide a resume and cover letter addressing how your education, experience and training meet the qualification requirements under selection criteria, and highlight your accomplishments in these areas. Attach your resume and cover letter to your online application.

Additional Information

The salary is negotiable with a salary range of: $83,553.60 - $127,628.80 annuallydepending upon qualifications.

Work Hours: Monday through Friday 8:00 am to 5:00 pm.

A pre-hire background check will be conducted on all candidates who are selected for employment. It may include checks of the following: criminal record, driving record, education, professional licensure, and credit history. You may be required to sign a release authorizing the County to obtain your background information.

Arlington County Government employee benefits depend on whether a position is permanent, the number of hours worked, and the number of months the position is scheduled.

Specific information on benefits and conditions of employment can be found on the Arlington County Human Resources Department website: www.arlingtonva.us/pers.

Permanent, Full-Time Appointments
All jobs are permanent, full-time appointments unless otherwise stated in the announcement. The following benefits are available:

Paid Leave : Vacation leave is earned at the rate of four hours biweekly. Leave accrual increases every three years until eight hours of leave are earned biweekly for twelve or more years of service. Sick leave is earned at the rate of four hours biweekly. There are eleven paid holidays each year.

Health and Dental Insurance : Three group health insurance plans are offered - a network open access plan, a point-of-service plan, and a health maintenance organization. A group dental insurance plan is also offered. The County pays a significant portion of the premium for these plans for employees and their dependents. A discount vision plan is provided for eye care needs.

Life Insurance : A group term policy of basic life insurance is provided at no cost to employees. The benefit is one times annual salary. Additional life insurance is available with rates based on the employee's age and smoker/non-smoker status.

Retirement : The County offers three vehicles to help you prepare for retirement: a defined benefit plan, a defined contribution plan (401(a)), and a deferred compensation plan (457). The defined benefit plan provides a monthly retirement benefit based on your final average salary and years of service with the County. You contribute a portion of your salary on a pre-tax basis to this plan. General employees contribute 4% of pay; uniformed public safety employees contribute 7.5% of pay. Employees become vested in the plan at five years of service. The County also contributes to this plan.

For general employees, the County also contributes 4.2% of pay to a defined contribution plan (401(a)) . The County also matches your 457 contribution, up to $20 per pay period, in this plan. The 457 deferred compensation plan allows you to set aside money on either a pre-tax (457b) or post-tax (457 Roth) basis up to the IRS annual limit. New employees are automatically enrolled with a pre-tax contribution equal to 2% of your base pay.

Other Benefits: The County also offers health, dependent care, and parking flexible spending accounts; long-term care insurance; tuition assistance; transit and walk/bike to work subsidies; a college savings plan; wellness programs; training opportunities; and a variety of other employee benefits.

Permanent, Part-Time Appointments:
Part time employees who work ten or more hours per week receive paid leave and benefits in proportion to the number of hours worked per week.

Limited Term Appointments:
Benefits are the same as permanent appointments except that the employees do not achieve permanent status.

Temporary Regular Appointments:
Temporary regular employees who work 30 hours or more per week are eligible for health, dental, and basic life insurance as described above. They are also eligible for vacation, sick leave, and paid holidays.

Temporary Seasonal and Occasional Appointments:
Temporary employees who work on a seasonal basis or variable hours receive sick leave, but do not normally receive other paid leave or benefits. Exceptions are noted in individual announcements.

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