About this role
Salary Range:$56,102.54 - $85,841.60
W orks under the general supervision of the Investment Manager to analyze data in achieving overall cash management strategies and objectives related to defined benefit plan, defines 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 transact ions 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 inquires 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.
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 any combination of experience or training which enables one to perform the essential job functions. Must have working experience using Microsoft Office. Specific experiences in investment securities related to banking or financial services experience preferred.