Job Description

Posting number: 1018

Department: 1516 - City Treasurer

Division: 1510 - City Treasurer

Job classification: Generic Unclassified Class Spec

Posting type: Open

Categories: Management

Summary

The Chief Investment Officer reports to the City Treasurer and is responsible for overseeing the Investments Division for the Department. The Investments Division is responsible for the management of the City's pooled investment fund of approximately $2.8 billion in accordance with the City Treasurer’s Investment Policy. The investment portfolios are comprised of fixed income investment vehicles and are managed to meet near-term cash flow needs; the Division also separately manages the investment of bond proceeds in accordance with the respective indenture agreements. The Investments Division also manages the bank services relationships for the City Treasurer banking agreements and participates in the review, implementation, and monitoring of all electronic banking services, e-commerce systems, and third-party payment processing services. The Chief Investment Officer supervises a team of three: Senior Investment Officer, Assistant Investment Officer, and Investment Assistant. In accordance with the City’s telework policy, hybrid work options are available.

Key Areas of Responsibility:

Manage and oversee all facets of the Investments Division, including:

• Prudently manage all investment activity for the City’s operating and capital improvements funds to meet daily cash flow requirements and to meet or exceed benchmark earnings, while maintaining strict compliance with the City Treasurer's Investment Policy (IP)
• Oversee the development and implementation of the investment strategy for the City Treasurer’s investment pool
• Direct the Division’s in-house credit analysis on all portfolio credit holdings and summary reports for the City Treasurer
• Facilitate the semi-annual meetings of the City Treasurer’s Investment Advisory Committee, creating the agenda, drafting the minutes, and creating presentations on the Investment Outlook and the Pool’s performance
• Provide annual updates to City Council for proposed IP changes in accordance with federal, state, and local laws, and request annual delegation of authority
• Issue monthly reports of investments to Council in accordance with CGC requirements
• Direct the preparation and analysis of short-term and long-term cash flow projections and trends
• Develop the annual interest earnings forecast for the City Treasurer’s pooled investment fund and mid-year revision
• Serve on the City’s finance team for all new bond issues, manage the investment of bond proceeds, as requested, to meet performance return goals and budgetary earnings objectives
• Develop and maintain relationships with fixed income brokers, bankers, investment software vendors and other public finance professionals
• Furnish and review investment data provided in Preliminary Official Statements, Official Statements, the City’s Annual Comprehensive Financial Reports, and other reports provided to external stakeholders as requested
• Oversee the City Treasurer’s banking relationships and agreements, all related Request for Proposals and contract extensions, and review monthly banking analysis for accuracy, allocating costs as appropriate citywide
• Participate in City’s maintenance with PCI compliance by providing ongoing training to City’s cash handlers and performing policy conformance checks for deposit location accepting credit cards citywide
• Provide expert support and guidance on citywide projects related to electronic payments, ecommerce systems, and third-party payment processing services, and evaluate new payment technology to effectively collect revenue citywide
• Consistently review all processes for efficiencies while maintaining strong internal controls
• Make presentations to the City Council and council committees and at various civic, community, professional and business forums

Minimum Qualifications:

• Bachelor’s degree and/or master’s degree in finance or a related field, AND
• At least seven (7) years of progressively responsible portfolio management experience.
• Any combination of education and experience that demonstrates these qualifications may be qualifying.

Desirable Qualifications:

The ideal candidate will possess the following qualifications:

• Demonstrated success in the direct management of a fixed income portfolio of comparable size
• Competency in exercising fiduciary responsibilities to protect the interests of the City, tax and rate payers, and the public
• A commitment to public service and fiscal responsibility
• Experience with Bloomberg or comparable systems
• Advanced degree and/or designation as a Chartered Financial Analyst or Certified Treasury Professional
• Strong quantitative analytical abilities, including a thorough understanding of common data analysis tools and programs
• Excellent writing and communication skills
• Strong interpersonal leadership skills, with the ability to successfully interact with a wide variety of stakeholders
• Ability to communicate complex and technical information in a simple, clear and straightforward manner, including the use of graphs and tables as needed
• Ability to communicate effectively to different audiences, including elected officials, various levels of City management and members of the public
• Ability to comprehend technical details and understand how they relate to and impact the “big picture”
• Ability to work both independently and as part of a team in a fast-paced, high-pressure environment with tight time constraints
• Strong leadership skills and demonstrated ability to mentor employees
• Interest in municipal activities and services and how they impact the community
• Highly ethical and objective, with the ability to navigate in a political environment without being political
• Motivated with the ability and desire to take initiative

The Department:

The Office of the City Treasurer is responsible for all City revenue, banking and cash management, tax administration, parking administration and meter operations, and the collection of Citywide delinquent accounts. The Office also issues Short-Term Residential Occupancy (STRO) licenses and Sidewalk Vending permits. The City Treasurer’s divisions include Business Operations, Investments, Revenue Collections, Financial Operations, and Treasury Systems. The Office of the City Treasurer is instrumental in maintaining fiscal accountability and safeguarding the financial interests of San Diego. For more information, please visit this link.

The City:

With more than 1.4 million residents, the City of San Diego is the eighth largest city in the United States and the second largest in California. The City of San Diego’s strong economy, diverse population, great educational institutions, unsurpassed quality of life, and world-renowned location make it the ideal place to work, live, and play. With its great weather, miles of sandy beaches, and major attractions, San Diego has something to offer for everyone.

The City’s Mission, as stated in the Strategic Plan is “Every day we serve our communities to make San Diego not just a fine city, but a great City.” The City’s Vision is "Opportunity in every neighborhood, excellent service for every San Diegan".

As one of the region’s largest employers, the City of San Diego employs nearly 13,000 highly dedicated employees and has a combined Fiscal Year 2025 operating and capital budget of approximately $5.65 billion. Additional information about the City of San Diego can be found on the City’s website.

Benefits:

The City offers a robust benefits package that includes:

• Defined retirement plan, including pension reciprocity, dependent on an employee’s eligibility status (new hire, rehire, etc.).
• A wide variety of cafeteria-style health and wellness plans or in-lieu cash waiver.
• 11 paid City holidays per calendar year and 1 floating holiday per fiscal year.
• Approximately 176 hours of paid annual leave for an employee’s first 15 years of service, and approximately 216 hours for 16+ years of service.
• Up to 24 hours of paid discretionary leave per fiscal year.
• Up to 320 hours of paid Parental Leave per childbirth or placement of a child.
• Up to 40 hours of paid Bereavement Leave per fiscal year.
• Tuition reimbursement up to $2,000 per fiscal year, and complimentary LinkedIn Learning professional development opportunities.
• Free transit pass (including MTS Trolley, MTS Bus, and all Rapid and Rapid Express bus services).
• Access to premier City golf courses at a discounted rate.
• Reduced-rate fitness center memberships.
• City-paid life insurance.

For additional details, please review the Benefits Summary for Unclassified Employees (Download PDF reader) or contact the Benefits Division of the Risk Management Department at (619) 236-5924.

Pre-Employment Requirements and Screening Process:

Employment offers are conditional, pending the results of all screening processes applicable to the position. All the processes required by the City of San Diego must be successfully completed before employment begins. Please refer to the City’s pre-employment requirements and screening process webpage for additional information. Nothing in this job posting constitutes or should be construed as part of an express or implied contract for employment with the City of San Diego.

Resumes will be screened according to the qualifications outlined above, and the most qualified candidates will be invited to interview.

The City of San Diego has an active Equal Opportunity/ADA Program for employment and vigorously supports diversity in the workplace.

Click Here to Apply: https://jobs.sandiego.gov/job-invite/1018/