The Virginia Department of the Treasury is dedicated to serving the Commonwealth by providing excellent financial management and outstanding customer service.
The Virginia Department of the Treasury’s Cash Management & Investments (CMI) Division is seeking an Assistant Investment Officer to assist the Chief Investment Officer in managing the fixed-income investment portfolios of the General Account, which includes the state’s operating account consisting of monies from the General Fund, Transportation Trust Fund, Highway Maintenance Fund, Lottery Fund, and other accounts for which the State Treasurer acts in a trust or fiduciary manner. The position will also assist in overseeing the performance of the external portfolio managers.
The position also oversees the Local Government Investment Pool (LGIP) Program (consisting of the LGIP and LGIP Extended Maturity Portfolios) according to the respective portfolio guidelines, and assists in daily security settlement and oversight of custody activity. The position is responsible for the understanding and application of the administrative aspects of the LGIP Program, and rating agency requirements.
The position also assists in cash flow forecasting for the General Account and LGIP Program, and in the preparation of the Treasury Board and other CMI reports.
The selected candidate will at least possess the following qualifications:
Undergraduate degree with concentration in finance or economics preferred. Comprehensive knowledge and experience in the money and fixed income markets. Ability to think through problems, understanding economic, financial and portfolio risk management. Ability to organize and carry out action plans for portfolios and related custody issues. Ability to work well under pressure and make decisions under conditions of uncertainty. Knowledge of banking and security settlement and custody operations required. Thorough knowledge of GASB Statement 79.
Thorough understanding of macroeconomics, especially as related to Federal Reserve policy, as well as a thorough understanding of security custody, cash management, risk management, financial accounting and global financial markets.
-Must be able to work efficiently within narrow time constraints and make good decisions based on limited information. Must understand and commit to the state’s investment priorities of capital preservation, liquidity and return, in that order. -Excellent analytical skills -Must understand money/mutual fund accounting.
-Must be committed to sharing knowledge with staff to encourage employees to grow professionally.
-Ability to interact verbally and in writing with professionals at all levels. Computer skills, including Microsoft Office programs.
The following qualifications are preferred:
Master’s degree in related field
Chartered Financial Analyst (CFA)
**ONLY APPLICATIONS SUBMITTED ONLINE VIA THE WEBSITE BELOW. APPLICATIONS SENT VIA E-MAIL, FAX, OR HAND DELIVERED WILL NOT BE ACCEPTED**
Treasury serves as the central state agency, providing statewide financial services for agencies and institutions of the Commonwealth. Treasury has six service area divisions: General Management, Debt Management, Risk Management, Operations,Cash Management and Investments and Unclaimed Property. Treasury is responsible for the investment of state monies, issuance and management of the short and lo...ng-term financing needs of the Commonwealth, administration of the state’s unclaimed property and escheat laws, administration of insurance and risk management programs, management of the state’s banking network, development of cash management programs, and check issuance services.