State of Connecticut Executive Branch

Investment Officer (1224VR)

$0.01-$478.93 Hourly / $0.00-$0.00 BiWeekly /
$1.00-$999,999.00 Yearly

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Office of the State Treasurer, Pension Funds Management Division this class is accountable for managing one or more investment programs or trust funds (e.g., real estate, short-term, equities, international trade, etc.).

GUIDELINES FOR JOB CLASS USE

This class is distinguished from Senior Investment Associate by the complexity, variety, scope and dollar amount managed in assigned investment programs or trust funds and the size of the staff managed, all of which are greater in Investment Officer.

SUPERVISION RECEIVED

Receives general direction from a higher-level investment professional or other employee of a higher grade.

SUPERVISION EXERCISED

Manages professional and clerical staff as assigned.

EXAMPLES OF DUTIES

  • Plans, directs and coordinates the implementation and operation of an investment program or trust fund (e.g., real estate, short term, equities, international trade etc.);
  • Maintains close contact with government and private sector officials (e.g., investment banking firm employees, external investment advisors, financial consultants, bank officials, corporate treasurers, clients of the Investment Division, etc.);
  • Conducts periodic reviews of on-going investment programs and recommends changes in strategy as required;
  • Stays informed on events and other factors which could affect investment programs;
  • Conducts feasibility reviews of potential investments and makes appropriate recommendations;
  • Analyzes economic indicators in investment markets;
  • Decides priorities of investment options;
  • Maintains appropriate performance records;
  • Prepares reports requested by the State Treasurer;
  • Participates in the recruitment and hiring of staff, including outreach, interview and selection;
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

  • Considerable knowledge of
    • investment practices and procedures;
    • specific disciplines required for performance of duties (real estate, short term, etc.);
  • Considerable
    • interpersonal skills;
    • oral and written communication skills;
  • Considerable ability to
    • analyze and evaluate investment alternatives;
    • prepare financial and analytical reports;
    • plan and maintain appropriate controls and records of investment transactions;
  • Supervisory ability.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

  • Bachelor’s degree in business administration, finance, accounting, economics, statistics, or closely related field; AND
  • Six (6) years of experience working in an asset manager, pension, or endowment environment performing investment-related functions.

APPOINTMENT

In accordance with Section 3-13a of the General Statutes.

COMPENSATION GUIDELINES

Compensation for this class shall be determined by the Treasurer within salary ranges established by the Treasurer in consultation with the Investment Advisory Council.

JOB CLASS DESIGNATION

Unclassified

OCCUPATIONAL GROUP

(01)-Accounting/Auditing

BARGAINING UNIT

(01)-EXEMPT/ELEC/APPOINT

EEO

(2)-Professional

SALARY INFORMATION

VR 99

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all-inclusive of every task and/or responsibility.

CANCELLATION CLAUSE

New job code. Item No. 23-314R

EFFECTIVE DATE

07/01/2023
CLASS: 1224VR; EST: 7/1/2023; REV: 3/4/2024;