Senior Investment Analyst (Appointed)

About the role

Works under the general supervision of the Investment Manager to analyze data in achieving overall cash management strategies and objectives related to defined benefit plan, defined contribution plan, and Other Post-Employment Benefits (OPEB) trust fund. Performs analysis of the City of Memphis’ cash flows. Executes settlement of trades and transfers of funds in regards to the investment of City of Memphis’ operating cash, bond proceeds, and pension cash using portfolio management techniques in accordance with the City of Memphis’ investment policy. Communicates with bankers, brokers, and dealers to take competitive bids utilizing information available through the financial data systems. Balances and reconciles City of Memphis’ operating cash on a daily basis to determine idle cash available for investing. Notifies the depository bank and the custody bank(s) of the daily transactions and daily records of city investments. Prepares various financial reports in regards to City’s investment holdings and compliance reporting. Executes wire transfers utilizing the Federal wire system in regards to large City of Memphis expenditures as approved. Coordinates with the City’s depository bank and custody banks on the investments related matters. Utilizes portfolio management software to manage in-house cash. Responds to inquiries from internal and external customers. Responsible for cross-checking and processing money manager fee invoices and maintaining records of expenses related to City investments. Serves as an ex-officio member of several City of Memphis committees, including but not limited to Pension Investment Committee, Operating Cash Investment Committee, OPEB Trust Fund Investment Committee, and Defined Contribution Plan Investment Committee. Performs additional functions (essential or otherwise) which may be assigned.

Responsibilities

• Analyze data to achieve cash management strategies and objectives for defined benefit, defined contribution, and OPEB trust funds.
• Perform analysis of the City of Memphis’ cash flows.
• Execute settlement of trades and transfers of funds for operating cash, bond proceeds, and pension cash using portfolio management techniques per City investment policy.
• Communicate with bankers, brokers, and dealers to obtain competitive bids via financial data systems.
• Balance and reconcile operating cash daily to identify idle cash for investment.
• Notify depository and custody banks of daily transactions and maintain records of city investments.
• Prepare financial reports on investment holdings and compliance.
• Execute wire transfers via the Federal wire system for large approved expenditures.
• Coordinate with depository and custody banks on investment-related matters.
• Utilize portfolio management software to manage in-house cash.
• Respond to internal and external inquiries.
• Cross-check and process money manager fee invoices; maintain expense records for City investments.
• Serve as ex-officio member of Pension Investment Committee, Operating Cash Investment Committee, OPEB Trust Fund Investment Committee, and Defined Contribution Plan Investment Committee.
• Perform additional functions as assigned.

Qualifications

• Bachelor’s Degree in Finance, Economics, Accounting or related field and four (4) years professional experience in investment and cash management, including some experience in municipal securities; or equivalent combination of experience/training.
• Working experience with Microsoft Office.
• Specific experience in investment securities related to banking or financial services preferred.

Pay

Salary Range: $56,102.54 - $85,841.60