Travis County
Overview
In coordination with the Chief Investment Officer (CIO), the Investment Manager collaborates in the administration and review of the investment portfolios of Travis County and the management of the County’s cash position on a daily basis. In accordance with industry best practices, makes investment decisions with an emphasis on maintaining the security of funds; providing consistent and sufficient liquidity; as well as maximization of investment income. Using a balanced and diversified portfolio of securities allowed under the Public Funds Investment Act (PFIA) and the Travis County Investment Policy, the Investment Manager monitors market trends, analyzes yield curves and spreads between different investment options and considers the timing of the County’s cash needs when making investment decisions to maximize security and interest income. The Investment Manager also serves as part of a team that manages the County’s daily cash balances and bank contracts within a complex and ever-changing legal and regulatory environment as well as providing day to day guidance and expertise to finance professionals throughout the County. Travis County Investment Management is in the Economic Development and Strategic Investments (EDSI) Division of the Planning and & Budget Office and the position reports to the Chief Investment Officer. This position works as part of a team focused on economic development, strategic planning, investments and affordable housing. This division provides an array of professional services to the County to promote informed decision-making, providing project management and support for county economic development, real estate portfolio management, site redevelopment, and capital planning and investments. The goals of the division are to promote the efficient use of public resources, economic equity and create long-term value for Travis County through collaboration and innovation. Distinguishing Characteristics
This is a job classification within the Finance job family and requires minimal supervision. The Investment Manager must exercise independent analysis and judgement in the management of the County\'s corporate-level complex financial portfolios. The position, while typically differentiated from the Chief Investment Officer classification by lower levels of experience and responsibilities, is required to perform a wide range of highly complex professional financial analysis and accomplish the work of the Chief Investment Officer if the incumbent is unavailable. These duties require the application of standard financial theories, principles, and techniques. In addition, the job requires advanced levels of competency in computer use as well as analytical and communication skills. The incumbent is required to frequently initiate and complete investment transactions with limited supervision that, if done incorrectly, could result in very severe consequences. This classification may require a flexible work schedule to meet the needs of the department especially in regards to the time sensitive nature of the County\'s cash and investment positions. Makes independent investment decisions for Travis County funds, purchasing a wide array of investment products including treasury notes, agency notes, municipal bonds, agency discount notes and commercial paper for the investment portfolios. Prepares and monitors investment strategies based on market information such as economic data, rate trends and Federal Reserve decisions, as well as assist in the development of investment procedures to minimize risk and enhance yield. Assists in the recommendation of investment policy decisions to enhance safety and yield. Recommends appropriate changes to investment policies in accordance with changes in state and federal laws. Assists in the implementation of approved changes. Reviews the performance of approved brokers/dealers and evaluates applications of new brokers/dealers at least annually. Recommends new list to Commissioners Court for approval. Compiles and prepares weekly, monthly, quarterly, and annual investment reports in accordance with the Texas Public Funds Investment Act (PFIA) and Travis County Investment Policy and Procedures. Demonstrates the ability to effectively communicate complex financial information to different audiences. Provides financial disclosure to County management, Commissioners, and the investment and banking community of financial information on County investment and banking operations. Assists in the preparation of the depository bank Request for Application (RFA) and Bank Depository Contract in conjunction with County legal staff. Performs monthly audit and reconciliation of account analysis for the entire County\'s banking relationship. This includes negotiating and resolving any disputed differences. Evaluates complex investment transactions. Accurately analyzes and interpret market and financial conditions. Assists in managing through interlocal agreement the Travis County Healthcare District\'s (TCHD) cash, banking relationship and investment of funds. Analyzes cash management, including all related deposits and expenditures, investing of those funds, monthly bank account analysis and consultation with TCHD financial staff as needed to answer questions related to these services. Provides daily, monthly and quarterly reporting to TCHD Board of Managers and CFO. Performs other job-related duties as assigned. Education and Experience: Bachelor\'s degree in Finance, Economics, Accounting, Business or a directly related field AND five (5) years of professional level financial analysis or investment experience. Experience must include the independent authority to make decisions and at least two (2) years of training in selecting and evaluating investment securities. Master\'s degree in Finance, Economics, Accounting or a directly related field may substitute for two (2) years of required experience. OR, Any combination of education and experience that has been achieved and is equivalent to the stated education, experience, knowledge, skills, and abilities sufficient to successfully perform the duties and responsibilities of the job.
Licenses, Registrations, Certifications, or Special Requirements: Background check required. Familiarity with Bloomberg Financial Reporting Service.
Preferred: Excellent Excel skills. Government investment experience. Fixed income investment experience. Valid Texas Driver\'s License. Knowledge, Skills, and Abilities: Knowledge of: Federal, State, Local and County applicable laws, rules, regulations and guidelines. Principles and practices of accounting, finance and fixed income securities markets. Securities allowed under the Texas Public Funds Investment Act (PFIA). Investment options and their financial impact. Government/Commercial banking services. Computer systems to include word processing, spreadsheets, databases, statistical packages, project scheduling and management, presentation/graphics and related software applications. Investment reporting systems and standardized financial/accounting software. Modern office practices, procedures and methods. Business letter writing, grammar and punctuation, and report preparation. Skill in: Problem-solving and technical decision-making. Conducting financial analysis and interpretation of financial data. Both verbal and written communication, including public presentations. Building, managing, and fostering a team-oriented environment with other departments and business partners. Compiling technical reports. Analyzing and evaluating data, policies and technical issues. Developing short-range and long-range investment projections. Interaction with Board members and elected officials. Ability to: Coordinate, plan, and prioritize programs, projects, and activities. Initiate and develop work-related projects and programs. Apply knowledge and experience to data, policy and process analysis. Plan and manage time to accurately complete required tasks and reports in a timely manner. Perform complex planning, research and analysis on potential investments and economic data. Reach sound conclusions and make recommendations. Work within a diverse organization. Work independently and efficiently. Perform multiple tasks and organize diverse activities. Establish and maintain effective working relationships with County employees and officials, other government entity staff, representatives of outside agencies, and the general public. Physical requirements include the ability to lift/carry up to 10-15 pounds occasionally, visual acuity, speech and hearing, hand and eye coordination and manual dexterity necessary to operate a computer and office equipment. Subject to standing, sitting, walking, climbing, crawling, bending, stooping, crouching, kneeling, pushing, pulling, reaching, twisting, balancing, repetitive motion, and squatting to perform the essential functions. Travis County employees play an important role in business continuity. As such, employees can be assigned to business continuity efforts outside of normal job functions. Work Hours: 8 am - 5 pm, Monday -Friday and may include working County holidays when the banks are not closed for business. Location: 700 Lavaca St; Suite 1560; Austin TX 78701 Department: Planning And Budget Criminal background check, Education, and Employment verification required. This position is eligible for hybrid in-office/telework based on work need. MUST LIVE IN or NEAR AUSTIN TX AREA.
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In coordination with the Chief Investment Officer (CIO), the Investment Manager collaborates in the administration and review of the investment portfolios of Travis County and the management of the County’s cash position on a daily basis. In accordance with industry best practices, makes investment decisions with an emphasis on maintaining the security of funds; providing consistent and sufficient liquidity; as well as maximization of investment income. Using a balanced and diversified portfolio of securities allowed under the Public Funds Investment Act (PFIA) and the Travis County Investment Policy, the Investment Manager monitors market trends, analyzes yield curves and spreads between different investment options and considers the timing of the County’s cash needs when making investment decisions to maximize security and interest income. The Investment Manager also serves as part of a team that manages the County’s daily cash balances and bank contracts within a complex and ever-changing legal and regulatory environment as well as providing day to day guidance and expertise to finance professionals throughout the County. Travis County Investment Management is in the Economic Development and Strategic Investments (EDSI) Division of the Planning and & Budget Office and the position reports to the Chief Investment Officer. This position works as part of a team focused on economic development, strategic planning, investments and affordable housing. This division provides an array of professional services to the County to promote informed decision-making, providing project management and support for county economic development, real estate portfolio management, site redevelopment, and capital planning and investments. The goals of the division are to promote the efficient use of public resources, economic equity and create long-term value for Travis County through collaboration and innovation. Distinguishing Characteristics
This is a job classification within the Finance job family and requires minimal supervision. The Investment Manager must exercise independent analysis and judgement in the management of the County\'s corporate-level complex financial portfolios. The position, while typically differentiated from the Chief Investment Officer classification by lower levels of experience and responsibilities, is required to perform a wide range of highly complex professional financial analysis and accomplish the work of the Chief Investment Officer if the incumbent is unavailable. These duties require the application of standard financial theories, principles, and techniques. In addition, the job requires advanced levels of competency in computer use as well as analytical and communication skills. The incumbent is required to frequently initiate and complete investment transactions with limited supervision that, if done incorrectly, could result in very severe consequences. This classification may require a flexible work schedule to meet the needs of the department especially in regards to the time sensitive nature of the County\'s cash and investment positions. Makes independent investment decisions for Travis County funds, purchasing a wide array of investment products including treasury notes, agency notes, municipal bonds, agency discount notes and commercial paper for the investment portfolios. Prepares and monitors investment strategies based on market information such as economic data, rate trends and Federal Reserve decisions, as well as assist in the development of investment procedures to minimize risk and enhance yield. Assists in the recommendation of investment policy decisions to enhance safety and yield. Recommends appropriate changes to investment policies in accordance with changes in state and federal laws. Assists in the implementation of approved changes. Reviews the performance of approved brokers/dealers and evaluates applications of new brokers/dealers at least annually. Recommends new list to Commissioners Court for approval. Compiles and prepares weekly, monthly, quarterly, and annual investment reports in accordance with the Texas Public Funds Investment Act (PFIA) and Travis County Investment Policy and Procedures. Demonstrates the ability to effectively communicate complex financial information to different audiences. Provides financial disclosure to County management, Commissioners, and the investment and banking community of financial information on County investment and banking operations. Assists in the preparation of the depository bank Request for Application (RFA) and Bank Depository Contract in conjunction with County legal staff. Performs monthly audit and reconciliation of account analysis for the entire County\'s banking relationship. This includes negotiating and resolving any disputed differences. Evaluates complex investment transactions. Accurately analyzes and interpret market and financial conditions. Assists in managing through interlocal agreement the Travis County Healthcare District\'s (TCHD) cash, banking relationship and investment of funds. Analyzes cash management, including all related deposits and expenditures, investing of those funds, monthly bank account analysis and consultation with TCHD financial staff as needed to answer questions related to these services. Provides daily, monthly and quarterly reporting to TCHD Board of Managers and CFO. Performs other job-related duties as assigned. Education and Experience: Bachelor\'s degree in Finance, Economics, Accounting, Business or a directly related field AND five (5) years of professional level financial analysis or investment experience. Experience must include the independent authority to make decisions and at least two (2) years of training in selecting and evaluating investment securities. Master\'s degree in Finance, Economics, Accounting or a directly related field may substitute for two (2) years of required experience. OR, Any combination of education and experience that has been achieved and is equivalent to the stated education, experience, knowledge, skills, and abilities sufficient to successfully perform the duties and responsibilities of the job.
Licenses, Registrations, Certifications, or Special Requirements: Background check required. Familiarity with Bloomberg Financial Reporting Service.
Preferred: Excellent Excel skills. Government investment experience. Fixed income investment experience. Valid Texas Driver\'s License. Knowledge, Skills, and Abilities: Knowledge of: Federal, State, Local and County applicable laws, rules, regulations and guidelines. Principles and practices of accounting, finance and fixed income securities markets. Securities allowed under the Texas Public Funds Investment Act (PFIA). Investment options and their financial impact. Government/Commercial banking services. Computer systems to include word processing, spreadsheets, databases, statistical packages, project scheduling and management, presentation/graphics and related software applications. Investment reporting systems and standardized financial/accounting software. Modern office practices, procedures and methods. Business letter writing, grammar and punctuation, and report preparation. Skill in: Problem-solving and technical decision-making. Conducting financial analysis and interpretation of financial data. Both verbal and written communication, including public presentations. Building, managing, and fostering a team-oriented environment with other departments and business partners. Compiling technical reports. Analyzing and evaluating data, policies and technical issues. Developing short-range and long-range investment projections. Interaction with Board members and elected officials. Ability to: Coordinate, plan, and prioritize programs, projects, and activities. Initiate and develop work-related projects and programs. Apply knowledge and experience to data, policy and process analysis. Plan and manage time to accurately complete required tasks and reports in a timely manner. Perform complex planning, research and analysis on potential investments and economic data. Reach sound conclusions and make recommendations. Work within a diverse organization. Work independently and efficiently. Perform multiple tasks and organize diverse activities. Establish and maintain effective working relationships with County employees and officials, other government entity staff, representatives of outside agencies, and the general public. Physical requirements include the ability to lift/carry up to 10-15 pounds occasionally, visual acuity, speech and hearing, hand and eye coordination and manual dexterity necessary to operate a computer and office equipment. Subject to standing, sitting, walking, climbing, crawling, bending, stooping, crouching, kneeling, pushing, pulling, reaching, twisting, balancing, repetitive motion, and squatting to perform the essential functions. Travis County employees play an important role in business continuity. As such, employees can be assigned to business continuity efforts outside of normal job functions. Work Hours: 8 am - 5 pm, Monday -Friday and may include working County holidays when the banks are not closed for business. Location: 700 Lavaca St; Suite 1560; Austin TX 78701 Department: Planning And Budget Criminal background check, Education, and Employment verification required. This position is eligible for hybrid in-office/telework based on work need. MUST LIVE IN or NEAR AUSTIN TX AREA.
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