Investment Financial Manager

This Position will support a multi-plan pension system with a multibillion-dollar portfolio by performing the following functions:  Due diligence related to the Delaware Public Employees’ Retirement System investment portfolio that includes reviewing and documenting investment manager valuation statements, audited and un-audited financial reports, performance documentation, and other research as required.  Monitor investment information to ensure proper/accurate recording of investment transaction/results and work with the custodial bank to resolve any discrepancies.  Initiate transactions through the custodial bank and post and reconcile these transactions through a series of advanced excel spreadsheets. Provide supporting documentation to our auditors during the annual audit.

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.

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.

The State of Delaware recognizes the value of telework and flexible working schedules. This position is eligible for Telework and Alternative Work Schedules according to the State of Delaware’s Alternative Work Arrangement Policy. More information will be shared at the time of interview. 

Applicants must be legally authorized to work in the United States. The State of Delaware Executive Branch participates in the Federal E-Verify system where the State will provide the federal government with each new hires Form I-9 information to confirm that you are authorized to work in the U.S. For more information refer to our job seeker resources.

To learn more about the comprehensive benefit package please visit our website at https://dhr.delaware.gov/benefits/

The application and supplemental questionnaire are evaluated based upon a rating of your education, training and experience as they relate to the job requirements of the position.  It is essential that you provide complete and accurate information on your application and the supplemental questionnaire to include dates of employment, job title and job duties.  For education and training, list name of educational provider, training course titles and summary of course content.   Narrative information supplied in response to the questions must be supported by the information supplied on the application including your employment, education and training history as it relates to the job requirements.

Once you have submitted your application on-line, all future correspondence related to your application will be sent via email.  Please keep your contact information current.  You may also view all correspondence sent to you by the State of Delaware in the “My Applications” tab at StateJobs.Delaware.gov.

Accommodations are available for applicants with disabilities in all phases of the application and employment process.  To request an auxiliary aid or service please call (302) 739-5458. TDD users should call the Delaware Relay Service Number 1-800-232-5460 for assistance.

The State of Delaware is an Equal Opportunity employer and values a diverse workforce. We strongly encourage and seek out a workforce representative of Delaware including race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression.