Investment Analyst (Business and Finance Officer 3)
Our current opening is for an Investment Analyst to join our Investment team. We are looking for a team member that can use their investment knowledge and financial industry experience to manage the King County Investment Pool’s (KCIP’s) liquidity position, support credit analysis, perform portfolio reporting, and to assist in the investment management of the KCIP.
About the job:
The Investment Analyst would join the Treasury Section’s Investment team that is responsible for managing the KCIP, ensuring sufficient cash is available to meet daily expenditures, and to accurately report on the KCIP’s activities to participants, senior county management, and oversight committees. With over $8 billion under management, the KCIP is the second largest local investment pool in the state of Washington and in the top 20 nationally, and over the last three years the KCIP has distributed a total of $430 million in earnings to participants.
Our Treasury Section collects, distributes, and invests property taxes and other public revenues, as well as manages long term debt payments, for King County and other taxing districts. Treasury Operations
The Finance and Business Operations Division's mission is to provide exceptional customer value for accounting, procurement, treasury, and small business services. We are actively seeking employees whose behavior is in alignment with our division's core values: Respect, Teamwork, Results, and Innovation. Our Division
Scope of Job Duties: To be considered for this opportunity, you must at a minimum, demonstrate knowledge, skill, and ability to:
- Recommend new credits and defend those recommendations in both oral and written communication
- Assess the relative value of fixed income investment opportunities by interpreting risk-reward parameters, legal and capital structures, bond covenants, market drivers of bond performance and the value of available alternatives
- Perform ongoing due diligence and monitoring of portfolio positions and key credits in those industries and communicate updates in a timely fashion (orally and in writing)
- Act as the primary liaison to the safekeeping bank that holds the County’s investment securities and is able to independently verify interest payments calculated using multiple payment conventions (Act/360, Act/365, 30/360, etc.)
- Ensure that multi-million-dollar transactions are accurately transmitted and settled
- Correctly and independently calculate the amount of investable cash using a complex Excel spreadsheet
- Develop and maintain long-term cash flow models using information from various systems. Make recommendations on the appropriate level of liquidity balances
- Active member of the investment team that manages the KCIP, and in the absence of other team members, possess sufficient investment knowledge to assume responsibility for making overnight and money market investment decisions within policy and legal guidelines
- Assist the Investment team in developing and recommending updates to investment policies and strategies
- Prepares specialized investment reports that are relied on by the investment team and management to make important policy decisions
- Monitor global and national financial conditions and collaborate with the investment team to meet objectives of the KCIP investment policy
- Strong understanding of the various characteristics and calculations related to fixed income securities
- Professional experience in financial management, securities investment, accounting or banking
- Professional experience in credit analysis, cash management, cash-flow analysis, investment instruments, and financial reporting
- Demonstrated ability to understand financial statements and credit agency reports
- Knowledge and understanding of financial markets and the investments security settlement process
- Previous experience working with investment systems such as Bloomberg, BondEdge, Yield Book, Clearwater, etc.
- Strong communication, interpersonal, writing and customer service skills
- Ability to perform research, analyze and solve problems
- Ability to work individually and collaboratively as a team member
- Ability to think differently, are eager to try new things and challenge yourself to improve processes
- Intermediate level of technology proficiency using MS Office Productivity tools in your daily work
- Ability to manage your time and adapt to changing priorities, work on multiple priorities and projects simultaneously, meet quick deadlines, and produce timely and quality work products
- Ability to uphold our Division’s values
- Ability to work in a remote work environment
We would love it if you have:
- CFA Charterholder or currently participate in the program
- Education with a major in Finance, Economics, Accounting, Business, or a closely related field
- Knowledge of quantitative methods, statistics, mathematics, economics, etc.
- Experience with LEAN processes and principles
- Experience with SharePoint, MS Teams, and other collaborative online tools
The recruitment for this position is open to all qualified candidates. Applicants from this recruitment may be used to fill future opportunities in this job classification.
Other Position Information:
This position is exempt from the provisions of the Fair Labor Standards Act and is therefore not overtime-eligible. Employees are paid on a bi-weekly schedule, every other Thursday, comprising a 40-hour workweek; normally 8:00 a.m. - 5:00 p.m., Monday through Friday. This position is not represented by a union. This position will work remotely via telework and may be required to occasionally report onsite.
Temporary Telecommuting Requirement:
The work associated with this position will be performed remotely, at least through July 5, 2021 in compliance with King County’s telecommuting mandate. Employees will be provided with a County issued laptop and must maintain a work space with an internet connection where they can reliably perform work and remain available and responsive during scheduled work hours (requests for support may be considered).
Employees must reside in WA state and within a reasonable distance to their King County work site to respond to workplace reporting requirements. There will be situations where the employee is required to report to a County work site. Please note that when an employee conducts work that is likely to bring them in contact with another individual, safety precautions are required by the department in alignment with the Public Health Directive from the Seattle & King County Public Health Officer.
The Application Process:
A completed King County Application is required. We highly recommend that you also provide a cover letter addressing how you meet the minimum qualifications and why you are interested in this position.
Note: Online applications are preferred. However, if you cannot apply online, go to www.kingcounty.gov/jobs for other options.
If you have any questions or concerns while applying, please contact:
Liz Callahan, Recruiter
Forbes recently named King County as one of Washington State's best employers.
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Guided by our "True North", we are making King County a welcoming community where every person can thrive. We value diversity, inclusion and belonging in our workplace and workforce. To reach this goal we are committed to workforce equity. Equitable recruiting, support, and retention is how we will obtain the highest quality workforce in our region; a workforce that shares and will help advance our guiding principles--we are one team; we solve problems; we focus on the customer; we drive for results; we are racially just; we respect all people; we lead the way; and we are responsible stewards. We encourage people of all backgrounds and identities to apply, including Native American and people of color, immigrants, refugees, women, LGBTQ+, people living with disabilities, and veterans.
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No person is unlawfully excluded from employment opportunities based on race, color, religion, national origin, sex (including gender identity, sexual orientation and pregnancy), age, genetic information, disability, veteran status, or other protected class. Our EEO policy applies to all employment actions, including but not limited to recruitment, hiring, selection for training, promotion, transfer, demotion, layoff, termination, rates of pay or other forms of compensation.
If you are interested in pursuing this position, please follow the application instructions carefully. If you need this announcement in an alternate language or format, would like to request accommodation or assistance in the application or assessment process or if you have questions please contact your recruiter listed on this job announcement.