Portfolio Manager - Investments
Portfolio Manager - Investments
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Job Description
Summary
*** This recruitment is only open to current internal King County Executive Services Department employees ***
Our current opening is for aPortfolio 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 Pools (KCIP) strategic investment plans. This position will actively participate in the development recommendation implementation and monitoring of all aspects of the KCIPs authorized investments and will also serve as a key advisor on financial matters to the Countys Executive Finance Committee (EFC) Credit Committee and to Finance & Business Operations Divisions (FBOD) investment management team.
With over $11 billion under management the KCIP is the second largest local investment pool in the state of Washington and in the top 20 nationally. Over the last three years the KCIP has distributed a over $800 million in earnings to participants. The Portfolio Manager positions primary responsibility will be to collaborate with the Chief Investment Officer and Associate Portfolio Manager in administering and managing all matters related to the KCIP.Job Duties
To be considered for this opportunity you must at a minimum demonstrate knowledge skill and ability to:
- Management Skills: The ability to participate in key relationships on behalf of the KCIP with executives partners consultants and pool participants
- Mastery of Portfolio Management: The ability to understand and recommend changes and enhancements to KCIPs diversified assets by comparing investment opportunities
- Highlevel Analytical skills: The ability to analyze financial economic statistical legal accounting market and other matters quickly efficiently and accurately and summarize those results
- Mentorship skills: Provide guidance and coaching to the Associate Portfolio Manager.
- Interpersonal skills: Act as one of the key advisors on strategic investment plans and policies for FBOD
- Manage King Countys credit program and facilitate the Credit Committee meetings.
- 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 riskreward parameters including market drivers of bond performance and the value of available alternatives
- Ensure that multimilliondollar transactions are accurately transmitted and settled
- Prepare monthly performance reports of the KCIP that are relied on by FBODs investment team and Executive Finance Committee
Experience Qualifications Knowledge Skills
- Bachelors 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
- 7 years of professional experience in fixed income portfolio management trade initiation credit analysis fixed income investment instruments and financial reporting within a multibilliondollar organization or with multibilliondollar fixed income portfolio
- Professional experience maintaining relationships with investment broker/dealers and advanced understanding of moneymarket securities such as triparty 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
- Professional experience in investment management accounting or banking
- Strong understanding of the various characteristics and calculations related to fixed income securities
- Previous experience working with investment systems such as Bloomberg BondEdge Yield Book Singularity Clearwater etc.
- Strong communication interpersonal writing and customer service skills
- Skill in understanding political situations that might arise from policy decisions
- 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 thingsand challenge yourself to improve processes
- Intermediate level of technology proficiency using MS Office Productivity tools in your daily work
- 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 work on multiple priorities and projects simultaneously meet quick deadlines and produce timely and quality work products
We would love it if you have:
- CFA Charter or currently participate in the program
- 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
The Public Finance Office is part of the larger Finance and Business Operations Division portfolio of countywide services. FBODs vision Count on Us reflects the divisions deepseated commitment to customer success equity employee engagement resource stewardship and operational excellence.
Position Information:
- Work Site Details:The work associated with this position will primarily be hybrid. FBOD employees are currently required to work two assigned days a week in the Seattle office. In office requirements may change as required by King County business needs.
- Location Requirement:Employees must reside in Washington state and within a reasonable distance to their King County worksite to respond to workplace reporting requirements.
- Work Schedule:This position is Exempt from the provisions of the Fair Labor Standards Act and therefore is not overtime eligible. Employees are paid on a biweekly schedule every other Thursday comprising a 40hour workweek; normally 8:00 a.m. 5:00 p.m. Monday through Friday.
- Union Representation: This position is not represented.
Employees will be provided with a County issued laptop. When working remotely employees must maintain a workspace with an internet connection (access may be supplemented in some situations) where they can reliably perform work remain available and responsive during scheduled work hours and follow FBODs Hybrid and Remote Guidelines including oncamera participation during virtual video meetings. King County has a robust collection of tools and resources to support working remotely.
The Application/Selection Process:
The recruitment for this position is only open to current King County Employees in the Department of Executive Services. A completed King County Application is required. Applicants from this recruitment may be used to fill future opportunities in this job classification. We highly recommend that you also provide a resume and cover letter addressing how you meet the minimum qualifications and why you are interested in this position.The selection process typically consists of a phone screen video interview and reference checking. For some positions the process may also include skill testing writing samples or additional interviews. Candidates will be updated on the status of their application via the email address used to apply.
Note: Online applications are preferred. However if you cannot apply online go to for other options.
If you have any questions or concerns while applying please contact:
Liz Callahan RecruiterForbes named King County as one of Washington States best employers.
Together with leadership and our employees were changing the way government delivers service and winning national recognition as a model of excellence. Are you ready to make a differenceCome join the teamdedicated to serving one of the nations best places to live work and play.King County is an Equal Employment Opportunity (EEO) Employer
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.
To Apply
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 the recruiter listed on this job announcement.
Required Experience:
Manager
Employment Type
Full-Time
