Investment/Financial Manager (#MABZ41)
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$61,258.00 Yearly Min / $76,573.00 Yearly Mid / $91,888.00 Yearly Max

Summary Statement

The class incumbent is responsible for the management of financial/investment resources at the State level to include the development, coordination and maintenance of an integrated system of financial staff services to include:  accounting, budgeting, investment management, computerized records and management financial reporting.

  • Supervises a staff of 7-10 professional, technical and clerical staff.
  • 1.2 billion dollar Investment Portfolio.

Nature and Scope

The class incumbent functions under the direction of an administrative/technical superior and is responsible for accounting and investment coordination, and analyzing financial, investment and management data in order to provide financial statements and reports to management and a governing Board. The incumbent develops, coordinates and implements financial policies, procedures and plans and reviews, analyzes, evaluates and reports on financial/investment program accomplishments in financial terms. The incumbent is also responsible for accounting for, and financial analysis of, investments at the State level in order to assist the Investment Committee in investment of funds.

Essential Functions

Essential functions are fundamental, core functions common to all positions in the class series and are not intended to be an exhaustive list of all job duties for any one position in the class. Since class specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.
  • Develops and implements a program of financial policy and control.
  • Serves as a financial advisor to high level officials/governing Board.
  • Assures that applicable funds and State are obtaining maximum benefits from financial resources without sacrificing efficiency or violating rules or regulations.
  • Assists superior in developing, presenting and managing the operating budget; assembles requests and back-up data from a variety of sources and provides advice on requirements of budget hearings/methods of presentation; attends hearings and gives expert testimony.
  • Evaluates program operations and prepares reports related to investment analysis and management for use by superiors and/or the Board in managing the investment/financial programs.
  • Monitors the investment of State funds, including cash flow, cash management and investment results; works with Investment Managers and Custodians to ensure proper/accurate recording of investment transactions/results; recommends changes to more efficiently utilize funds.
  • Oversees the processing of all contributory transactions statewide including employee/employer contributions/refunds/adjustments.
  • May direct purchasing for the Office.
  • Plans, assigns, reviews and evaluates the work of subordinate staff; provides guidance and direction of difficult assignments.

Knowledge, Skills and Abilities

The intent of the listed knowledge, skills and abilities is to give a general indication of the core requirements for all positions in the class series; therefore, the KSA’s listed are not exhaustive or necessarily inclusive of the requirements of every position in the class.
  • Knowledge of the principles, methods, techniques and systems of investment and financial management.
  • Knowledge of applicable Federal and State statutes, laws and regulations.
  • Knowledge of portfolio and investment management theories and techniques.
  • Knowledge of the principles and practices of professional accounting and auditing.
  • Knowledge of the concepts and operating procedures for data processing.
  • Skill in the analysis and investment of funds.
  • Ability to develop, apply and adjust financial/investment plans and policies to attain financial/investment objectives.
  • Ability to supervise staff.
  • Ability to establish and maintain effective working relationships, not only with subordinate staff, but with all levels of key management officials requiring the exercise of tact, ingenuity and resourcefulness.
  • Ability to make oral and written presentations in a clear and concise manner.
  • Ability to apply independent judgment in the solution of investments/
    financial problems and in the administration of a financial management program.

Job Requirements

JOB REQUIREMENTS for Investment / Financial Manager
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:

  1. Possession of a Bachelors degree or higher in Accounting, Business Administration, Economics, Finance, Business Management, Computer Information Systems or related field.
  2. Three years experience in accounting using Generally Accepted Accounting Principles (GAAP).
  3. Three years experience in investment management which includes investment of funds, cash management, investment analysis and developing and adjusting investment plans and policies to attain objectives.
  4. Six months experience in interpreting and analyzing financial reports.
  5. Six months experience in narrative report writing.
  6. Knowledge of staff supervision acquired through course work, academic training, training provided through an employer, or performing as a lead worker overseeing the work of others; OR supervising staff which may include planning, assigning, reviewing, and evaluating the work of others; OR supervising through subordinate supervisors a group of professional, technical, and clerical employees.