Chief Investment Officer

Department/Agency of position: 
County of San Diego Office of the Treasurer - Tax Collector
Location of position: 
San Diego, CA
$138,000 - $149,000
Date Posted: 
Friday, April 14, 2017
Closing Date: 
Sunday, May 14, 2017
Job Description: 


The Chief Investment Officer reports to the Chief Deputy Treasurer and is an integral part of the management team, with significant responsibility for formulating and implementing policy, and coordinating the investments of County, special districts, school districts and other local public entities. Duties include but are not limited to:

Investment & Cash Management:

Provide oversight of the investment management process, including formulating, recommending and implementing policies, strategies, asset allocation and written procedures for the investment of County funds and funds of the pooled money fund participants Invest available funds to realize maximum return on investments, while safeguarding principal and meeting the liquidity needs of the County and the pooled money fund participants Monitor, research and analyze investment credit Study economic and financial trends and market conditions for investment opportunities in fixed-income securities consistent with the County’s investment policy. Monitor changes in regulations and government codes Negotiate the purchase and sale of securities and order and direct the transfer of funds and securities to implement decisions Review and monitor the County’s investment portfolio performance and compliance with policies Administration of the cash management program Analyze County cash flow requirements and cash flows of the pooled money fund and identify funds available for investment and manage the cash flow projections model and investment system Work closely with pool participants on cash flow development and monitoring Monitor and maintain the pooled money fund AAA ratings, including updates and presentations to rating agencies

Debt Management and Issuance:

Represent the Treasurer-Tax Collector in the issuance of County tax anticipation notes and special district bonds, including investment management of bond proceeds Work closely with the Debt Advisory Committee


Supervise and direct activities of the investment officer staff Coordinate and work closely with Treasury accounting staff, including on the Comprehensive Annual Financial Report and execution of security trades Work with SANCAL Board and the Treasury Oversight Committee Monitor contracts with banks for the deposit of funds and the County’s banking and advisory relationships Compile data and compose reports for the Treasurer, Board of Supervisors, Chief Administrative Officer, and others as requested Write bid specifications for banking and other related financial services needed by the Treasurer-Tax Collector and participate in the evaluation of bids received

OFFICE OF THE TREASURER-TAX COLLECTOR The County of San Diego Treasurer-Tax Collector’s mission is to provide the citizens, agencies and employees of San Diego County with superior financial services in terms of quality, timeliness, efficiency and value while maintaining the highest levels of customer service and satisfaction. The Treasurer-Tax Collector manages an investment pool, which ranges in size from $7.5 to $10 billion, the second largest in the State, investing the assets of the County, 42 school districts and five community colleges and other public agencies in the County. Information regarding the County of San Diego’s Office of the Treasurer-Tax Collector can be viewed at:

THE IDEAL CANDIDATE Top candidates will possess a Master’s degree in Business or Public Administration, Finance, Economics, or a related field or a Chartered Financial Analyst designation, along with experience managing local government investments. Top candidates will also possess at least five years of professional experience managing a large and complex cash flow system and a multi-billion dollar short-term fixed income investment portfolio. A background in treasury or portfolio management and a solid understanding of investment principles and practices relative to fixed income securities are required. Proficiency using Microsoft Office and Bloomberg are essential. Experience in fundamental banking and securities trading concepts, evaluating and interpreting economic and financial information, and formulating and implementing investment strategies to ensure preservation of principal are required, along with experience supervising and directing staff.

The Chief Investment Officer must have the ability to build effective working relationships with co-workers, banking and investment officers in the financial community, major Credit Rating Agencies, other public agencies and government officials. The Chief Investment Officer must possess strong written communication skills and be able to provide excellent customer service. A working knowledge of California State Codes as they pertain to the investment of public funds and debt issuance is required. The ideal candidate will have a track record of innovation, leadership and creative approaches to problem solving.

MINIMUM QUALIFICATIONS A bachelor's degree from an accredited U.S. college or university, or a certified foreign studies equivalency AND five (5) years of experience that demonstrates the ability to perform the essential functions of the classification OR a combination of education and/or experience as stated above. Notes:A master’s degree or higher degree may substitute for a total of one (1)of experience. In order for education to substitute for work experience as indicated above, college level coursework must demonstrate progress toward a degree and may be substituted on a year-for-year basis.

COMPENSATION The anticipated hiring range for this position will be $138,000 to $149,000 annually depending on qualifications. THE COUNTY OF SAN DIEGO The mission of the County of San Diego is to provide the residents of San Diego County with superior County services in terms of quality, timeliness, and value in order to improve the region's Quality of Life. The County covers 4,261 square miles, extending 75 miles along the Pacific Coast from Mexico to Orange County and inland 75 miles to Imperial County along the international border shared with Mexico San Diego enjoys a wide variety of climate and terrain, from coastal plains and fertile inland valleys, to mountain ranges, forests, and the Anza-Borrego Desert. The average annual rainfall is only 10 inches The County is governed by a five-member Board of Supervisors elected to four-year terms in district, non-partisan elections There are 18 incorporated cities and a large number of unincorporated communities County services are provided by five business groups, that are headed by General Managers, who report to the Chief Administrative Officer (CAO) The County has a budget of $5.4 billion and provides services to the residents of the County through its nearly 17,000 employees in 42 different departments

GENERAL MANAGEMENT SYSTEM The County engages in a continuous cycle of planning, implementing, evaluating, and renewing the planning process. The County’s comprehensive guide for managing this cyclic process is called the General Management System (GMS). By communicating and adhering to this business model, the County of San Diego is able to maintain an organized culture that values transparency, accountability, innovation, and fiscal discipline which provides focused, meaningful public services.

APPLICATION PROCESS AND RECRUITMENT SCHEDULE Résumés may be submitted online at; select the link for jobs. Résumés should include academic degrees held and dates conferred, employment history and positions held, dates of service, areas of experience, levels of responsibility, reporting structure, key duties performed, and number of direct reports or staff. An evaluation board will convene to review submittals and identify top competitors to be considered for further evaluation. This recruitment will remain open until filled. First review of resumes will be held on May 15, 2017; interested candidates are encouraged to submit a resume as soon as possible for consideration.

SPECIAL NOTES Persons serving in positions in the Unclassified Service do not accrue tenure and serve at the pleasure of the appointing authority. The provisions of this job announcement may be modified or revoked and do not constitute an expressed or implied contract. Qualified women, minorities, and persons with disabilities are encouraged to apply. Reasonable accommodation may be made to enable an individual with qualified disabilities to perform the essential functions of a job, on a case-by-case basis.

The County of San Diego and its employees embrace the Live Well San Diego vision: A region that is Building Better Health, Living Safely and Thriving. For more information visit  The County of San Diego is committed to valuing diversity and practicing inclusion because our diverse workforce is our greatest asset and our customers are our number one priority.

CONTACT INFORMATION You may direct any questions regarding the position to Isabel McGehee, Senior Departmental Human Resources Officer at or 619-531-4764.

Class #000270 4/12/17

BENEFITS Fifteen days of paid vacation, thirteen days of paid sick leave, and thirteen paid holidays Medical, dental, and vision insurance plans Disability Insurance, Life Insurance, and Accidental Death/Dismemberment Insurance Flexible Management Benefit Package – a monthly credit may be used to select benefits from a group of options

Defined benefit retirement program Reciprocity with other governmental retirement systems may be granted; for further information, visit the website for the San Diego County Employees Retirement System Deferred Compensation Program (457) and 401(a) plans May be eligible for relocation allowance