Retirement Association Financial/Investment Officer
County Of Mendocino
Ukiah, CA
Full-time
Finance
Posted on February 15, 2019
Retirement Association Financial/Investment Officer
The Position
The current vacancy is in Ukiah. The list developed from this recruitment will be used for a limited period to fill open and promotional, regular full-time, and part-time positions throughout the County, should they occur.
Under direction of the Retirement Administrator, performs highly complex financial / accounting work in support of Mendocino County Employees' Retirement Association (MCERA) in accordance with the County Employees' Retirement Act of 1937; prepares monthly financial statements and annual reports, monitors investments, recommends cash and investment strategies, performs annual year-end closing functions and financial statements, coordinates with independent financial auditor and actuary; performs other responsible fiscal, budgetary and administrative work as required.
Under direction of the Retirement Administrator, performs highly complex financial / accounting work in support of Mendocino County Employees' Retirement Association (MCERA) in accordance with the County Employees' Retirement Act of 1937; prepares monthly financial statements and annual reports, monitors investments, recommends cash and investment strategies, performs annual year-end closing functions and financial statements, coordinates with independent financial auditor and actuary; performs other responsible fiscal, budgetary and administrative work as required.
Job Requirements and Minimum Qualifications
Duties may include but are not limited to the following:
- Assist the Retirement Administrator with asset allocation rebalancing, updates to investment policies and objectives and the periodic review and monitoring of asset classes, sub-asset classes and investment manager risk; monitors and reports on changes in capital markets, earnings, fees and legal requirements related to MCERA's investment matters.
- Monitor and analyze the performance of MCERA's investments in public and private markets; make recommendations regarding investments and assets.
- Prepare monthly financial statements, monitor investments, review and reconcile investment statements, reconcile employee reserve accounts, recommend cash and investment management strategies.
- Prepare annual financial statements and coordinate with independent financial auditor and actuary in the development of Audited Financial Statements and Actuarial Valuation and Review. Make recommendations to the Retirement Administrator regarding recommendations in the Auditor's Management Letter.
- Prepare annual State Controller's report, Comprehensive Annual Financial Report (CAFR), Popular Annual Financial Report (PAFR) and other required reports.
- Assist the Retirement Administrator with reporting requirements related to the Comprehensive Annual Financial Report, the annual Actuarial Valuation Report and the Quarterly Performance Report.
- Perform financial analysis and/or provide data at the request of the Retirement Administrator or the MCERA Board.
- Assist in the design, development, recommendation and implementation of investment related operational and internal control policies and procedures in accordance with the goals and guidelines established by the MCERA Board.
- Interpret and apply complex statutory and regulatory provisions relating to the Retirement Association including the 1937 Act Retirement System Laws.
- Maintain confidential information in accordance with legal standards and /or County policy and regulations.
- May act on behalf of or perform some duties of Retirement Administrator in the Retirement Administrator's absence.
- Performs other related duties as assigned.
MINIMUM QUALIFICATIONS REQUIRED
Education and Experience:
Possession of a Baccalaureate degree from an accredited college or university with a major in Business, Public Administration, Accounting or Finance, or closely related field; and four(4) years of progressively responsible professional level accounting or auditing experience, preferably in a California government agency retirement system. (Additional qualifying experience may be substituted for up to two years of the required education on the basis of two years experience for one year of education.)
Licenses and Certifications:
None required; CPA preferred
Knowlege, Skills, and Abilities
Knowledge of:
- County Employees' Retirement Law of 1937, principles and operations of retirement systems and related laws.
- Governmental Accounting Standards Board (GASB) Statements, Interpretations, Technical Bulletins and Concept Statements.
- Governmental accounting practices, actuarial principles and accounting standards related to pension systems.
- Investment categories and transactions, asset allocation and financial management procedures and practices.
- Modern portfolio theory and application.
- Risk monitoring and management methods and techniques.
- Analytical techniques commonly used in the management of equity and fixed income portfolios.
- Economic and market conditions and trends and their effect on short and long term investment strategies.
- Administrative principles and practices including goal setting and implementation.
- Modern principles, practices and legislative trends relative to County government and government officials.
- Laws, policies, and procedures applicable to assigned work.
- Record keeping, report preparation, filing methods and records management techniques.
- Computer applications, hardware, and other general office equipment related to the performance of the job.
Skill in:
- Time management and project prioritization.
- Researching, compiling, analyzing, and summarizing a variety of complex financial and statistical data.
- Preparing clear and concise financial and statistical reports, correspondence and other written materials.
- Communicating clearly and effectively, both orally and in writing.
Mental and Physical Ability to:
- Understand, interpret, and apply provisions of Federal and State Laws and regulations.
- Understand and assess the quality, accuracy and reliability of manager and consultant reports and the application of such data.
- Formulate and make recommendations on investment policies and strategies.
- Analyze data, interpret policies, procedures and regulations, and develop appropriate conclusions.
- Set up, maintain and verify complex, financial accounting systems.
- Prepare and present reports on portfolio performance and investment activity.
- Establish and maintain effective working relationships with all work-required contacts including the general public.
- While performing the essential functions of this job, the incumbent is regularly required to sit, use hands to finger, handle, or feel objects, to reach with hands and arms, and speak and hear.
- Lift, carry, push/pull or move objects weighing up to 20 pounds.
EOE