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SENIOR INVESTMENT MANAGER
The Senior Investment Manager is responsible for overseeing the activities of the Investment Section and coordinating money managers, custodian bank and consultant relations, and assists in litigation monitoring. This position is governed by state and federal laws and agency/institution policy.
Class Code:
A110C
Job Grade:
GS11
Special Job Requirements:
None
Typical Functions:
Supervises a professional and administrative support staff by interviewing and recommending applicants for hire, providing instructions, assigning and prioritizing work assignments, reviewing work performed, and evaluating employee performance.
Monitors investment managers and portfolios across all asset classes and acts as liaison between fund managers, custodian, consultants and senior staff.
Monitors and analyzes investment manager trade activity for accuracy and compliance with investment policy and guidelines.
Monitors and reviews daily trade activity and month-end reconciliations completed by investment staff.
Monitors custodian bank for trade settlements and collection of dividends, interest income and principal, and interest payments for accuracy.
Performs cash flow analysis and communicates with investment managers regarding withdrawals from their account(s).
Prepares market value reports for quarterly retirement system financial statements.
Calculates investment manager fees and authorizes payment by the custodian bank.
Coordinates year end close out and balancing of investment accounts; provides information to legislative auditors.
Develops operational procedures manual and updates as required.
Produces status reports or other regularly scheduled reports.
Directs depositing of investment funds and documentation of accounts.
Performs other duties as assigned.
Knowledge, Abilities, and Skills:
Knowledge of securities laws.
Knowledge of real estate lending.
Knowledge of principles and practices of accounting.
Knowledge of analysis and reporting methods for financial data.
Ability to analyze financial data, project outcomes and recommend future actions.
Ability to organize and coordinate the work of subordinates.
Ability to analyze securities and prepare reports.
Ability to analyze information and recommend appropriate action.
Ability to communicate effectively and to prepare/present oral and written information and
reports.
Ability to interpret and apply laws, policies and procedures to specific situations.
Ability to provide technical assistance to management, auditors and staff regarding
investment functions.
Minimum Qualifications:
The formal education equivalent of a bachelors degree in finance, accounting, business administration, or a related field; plus five years of professional work experience in the investment field, including two years in a supervisory capacity.
Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management.
OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.
Required Certificates:
None
Exempt:
E
