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Job Description
Examples of Duties
Duties may include, but are not limited to the following:- Plans, organizes, directs, and coordinates the functions and operations of staff.
- Plans, organizes, directs and evaluates cash forecasting and predictive audits for operations in accordance with established investment practices.
- Assists the Treasurer-Tax Collector and Assistant Treasurer-Tax Collector in the formulation and evaluation and implementation of department policies and guidelines, particularly those involving asset allocation, risk management, and investment operation strategies.
- Assists in planning, developing and implementing the County’s daily cash management.
- Reviews all proposed legal changes pertaining to California Government Code related to investments, SEC reporting requirements and recommends policy changes as required.
- Administers multiple cash management systems, investment software, and other software/web-based systems.
- Documents, coordinates and initiates all outgoing wire transfers.
- Determines the amount of surplus cash available for investment, initiates the settlement of the purchase, sale and exchange of securities as dictated by the cash forecast in compliance with approval policies.
- Announces, negotiates and administers contracts for brokers, money markets, and securities safekeeping services after consulting with the and attaining the approval the Treasurer-Tax Collector/Assistant Treasurer-Tax Collector.
- Reviews new technological applications affecting both banking and investment operations; recommends and implements internal changs as appropriate.
- Analyzes the receipts and disbursements through the County Pool to estimate the daily cash flow requirements of the County Treasury.
- Estimates funds need in the cash reserves, account collateral levels, and special bank accounts to meet current demand and to satisfy account liquidity requirements based on cash flows and established policy.
- Determines the amounts of surplus funds for investments based on cash forecasts and established policies, on a short-term basis and duration investing.
- Analyzes short-term and daily money markets; confers with the officers of financial institutions regarding bids for the purchase, sale, or exchange of securities, and negotiates security transactions based on cash flow requirements and established policy; executes security transactions and ensures settlement thereof.
- Analyzes medium-term markets and macroeconomic cycles; confers with the Treasurer-Tax Collector/Assistant Treasurer-Tax Collector regarding positioning the longer end of the portfolio to take advantage of duration investing to hedge against the changing interest rate environments.
- Assists the County and other public agency debt-issuers in the pricing of their bonds.
- Prepares reports and discuss Treasury Pool performance and meets quarterly with the Treasury Oversight Committee as required.
- Supervises and reports on investment of County debt proceeds held outside of the County Pool.
- Manage and monitor the work of assigned staff, consultants, and vendors.
- Supervise, train and evaluate staff.
- Performs other related duties.
Minimum Qualifications
Experience:
Two (2) years of responsible paid experience working in publicly traded fixed income securities which must include experience in accounting, banking or related financial field.
OR
Five (5) years of responsible paid experience working in publicly-traded fixed income securities.
Education:
Graduation from an accredited college or university with a bachelor’s degree in business or public administration, accounting, finance, or related field.
Desirable:
Certification as a Treasury Professional (CTP) by the Association for Financial Professionals (AFP) or Certified Public Account (CPA)
Essential Functions- Operate a personal computer and other office equipment.
- Communicate effectively with others in person, in writing, and over the telephone.
- Analyze data, interpret policies, procedures and regulations, and develop appropriate conclusions.
- Complete multiple priority projects and meet deadlines under stressful conditions.
- Maintain confidential information in accordance with legal standards and/or County regulations.
- Establish, implement and achieve goals and objectives.
- Manage multiple internal financial systems.
- Make presentations to various stakeholder groups.
- Select, train, evaluate and supervise staff.
- Frequent use of depth perception, peripheral vision and color perception.
- Frequently lift, carry, reach, push, pull, twist and manipulate large and small objects.
- Frequent use of hand-eye coordination.
- Normal dexterity, frequent holding and grasping.
- Occasionally lift and carry up to 40 pounds.
- Regular attendance is an essential function.
- California Law relating to municipal investment management; the principles, practices and proper application of fixed-income investment for a large portfolio; modern banking practices and procedures.
- Use of technology, including personal computers and related business software, in the modern office and operational environment.
- Accounting principles and procedures and their application to accounting transactions in government to include Government Accounting Standards Board (GASB) 31, 79 and other GASB provisions in draft or application.
- Financial analysis and research procedures.
- Auditing theory, principles, and practices.
- Laws, ordinances and regulations governing the financial operations of the County.
- Data processing applications for financial, fiscal and payroll recordkeeping.
- Organizations and functions of the various County Departments and political subdivisions.
- Principles of staff management, supervision and training.
- Record keeping practices and principles.
- Plan, organize and direct the work of others.
- Work independently, use good sound judgement and discretion in handling complex, varied, and specialized investment programs.
- Perform day-to-day activities connected with cash/portfolio management.
- Analyze investment data to achieve short-term, mid-range, and long-term investment goals.
- Prepare comprehensive and accurate reports of various types and complexities.
- Perform under pressure with minimum supervision.
- Follow policies and procedures as established by the Treasurer-Tax Collector.
- Make investment recommendations and/or decisions in accordance with established policies.
- Speak and write effectively.
- Represent the department in contacts with the public, community organizations, Federal/State entities and other government agencies.
- Establish and maintain cooperative working relationships with those contacted in the course of work.
- Prepare comprehensive and accurate reports of various types and complexity.
HOLIDAYS & LEAVES
MANAGEMENT LEAVE
May receive, depending upon classification, 96 hours per Fiscal Year.
VACATION
10 days the first 5 years of continuous employment (limited to a maximum of 160 hours), 15 days in the second 5 years of continuous employment (limited to a maximum of 240 hours), and 20 days after 10 years of continuous employment (limited to a maximum of 320 hours). Optional annual sell back of a portion of accumulated vacation leave hours (maximum - 40 hours).
SICK LEAVE
0.0625 hours sick leave for each paid regularly scheduled work hour. 16 days (130 hours per year) with unlimited accumulation. Optional annual buy back of a portion of accumulated sick leave hours upon meeting certain criteria.
HOLIDAYS
Twelve paid holidays annually plus two optional holidays.
BEREAVEMENT LEAVE
Five (5) regularly scheduled consecutive workdays.
INSURANCE
HEALTH INSURANCE
Medical Insurance - Merced County offers multiple Medical Plans and contributes towards employee and dependent premiums. Medical plan availability varies based on bargaining units.- Anthem 500 EPO
- Anthem 1500 EPO
- Anthem HDHP (High Deductible Medical Plan) with Health Savings Account (HSA)
- Anthem HDHP (High Deductible Medical Plan) without Health Savings Account (HSA)
- County pays 100% of the premium for employees and 50% for dependent(s )
- County pays 100% of the premium for employees and 50% for dependent(s)
DISABILITY INSURANCE
Management Disability Insurance - Unit 20 Unrepresented Management Levels A-E - 100% premium paid by employer
LIFE INSURANCE
County-paid Life and Accidental Death & Dismemberment Insurance- Unit 20 Unrepresented Management:
- Level A & B $85,000
- Level C $55,000
- Level D & E $35,000
Voluntary Term and Whole Life Insurance are available - premium paid by employee
RETIREMENT
DEFERRED COMPENSATION
The County offers a 457 Deferred Compensation Plan. Employees choose their investment funds and can make pretax contributions to the plan up to the maximum allowable.
MERCED COUNTY EMPLOYEE RETIREMENT ASSOCIATION
The retirement plan is a defined benefit plan administered pursuant to the County Employees Retirement Law of 1937 and other provisions of the California Government Code. MCERA members also pay into Social Security. The applicable benefit formula is dependent upon your hire date with an MCERA employer; your pension amount will be determined by your age, years of service and final compensation amount.
EMPLOYEE PROGRAMS
EMPLOYEE ASSISTANCE PROGRAM (EAP)
Anthem EAP services provide up to five face-to-face counseling sessions per incident and provides a toll-free "800" hotline available 24/7 for emergencies and crisis intervention. EAP services include counseling services, legal services, financial services and work-life resource services.
EMPLOYEE TICKETS, COUPONS, and DISCOUNTS
The County of Merced has partnered with Employee Savings Tickets to provide discounted coupons and tickets for all county employees to attractions throughout the state and out-of-state. The discounts and coupons are available for shopping, movies, sporting events, theme parks, zoos and aquariums and much more.
THIS BULLETIN IS NOT A CONTRACT AND DOES NOT CREATE CONTRACTUAL OR LEGAL RIGHTS ON BEHALF OF ANY EMPLOYEE. THIS BULLETIN IS SUBJECT OF BEING SUPPLEMENTED, MODIFIED, WITHDRAWN OR OTHERWISE CHANGED PENDING LABOR AGREEMENTS AND/OR AT THE DISCRETION OF THE COUNTY EXECUTIVE OFFICER OR AS THE BOARD OF SUPERVISORS DEEM NECESSARY.
For answers to specific questions regarding employee benefits, please call Human Resources at 209.385.7682.
Closing Date/Time: Continuous - Plans, organizes, directs, and coordinates the functions and operations of staff.
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ABOUT THE COMPANY
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Merced County
Show moreMerced County, located in the heart of California's Central Valley, offers a unique blend of vibrant agricultural heritage and modern development. Known as the "Gateway to Yosemite," Merced County is surrounded by breathtaking natural beauty, including nearby national parks, lush farmlands, and scenic rivers. The county's strategic location provides easy access to major urban centers like San Francisco, Sacramento, and Fresno, making it an ideal hub for both business and leisure. With a diverse economy anchored by agriculture, education, healthcare, and manufacturing, Merced County offers ample opportunities for career growth and professional development. The presence of the University of California, Merced, further enhances the county's reputation as a center for innovation and research, attracting top talent and fostering a dynamic workforce.
In addition to its economic strengths, Merced County boasts a high quality of life with a strong sense of community. Residents enjoy affordable housing, a lower cost of living compared to many other parts of California, and a family-friendly environment with excellent schools and recreational facilities. The county's rich cultural heritage is celebrated through numerous festivals, farmers' markets, and community events, creating a welcoming atmosphere for newcomers. With its combination of economic opportunity, educational excellence, and a supportive community, Merced County is not just a great place to work but also a wonderful place to live and thrive.
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