STATE CLASSIFICATION JOB DESCRIPTION


Salary Group B31

Class No. 1152

PORTFOLIO MANAGER III

GENERAL DESCRIPTION

Performs advanced and/or managerial (senior-level) asset management work.  Work involves researching, analyzing, and evaluating securities and other investment information to implement approved investment policies and programs.  May supervise the work of others.  Works under limited supervision, with considerable latitude for the use of initiative and independent judgment.

EXAMPLES OF WORK PERFORMED

Oversees the gathering and assessment of information, including analyses of the economy and interest rate trends, from various sources; and recommends strategies for construction of medium-to-large or complex portfolios.

Oversees the selection of securities and recommends appropriate mix of securities in assigned portfolios.

Recommends overall investment strategy, including asset allocation and risk control.

Conducts economic studies to maintain current information on holdings and recommends additional transactions.

Coordinates with traders on the timing of sales and purchase transactions.

Defines, negotiates, and monitors investment management agreements and related schedules.

Makes purchase, sale, and hold decisions for assets in assigned portfolios.

Monitors performance of securities in assigned portfolios.

Sources, conducts due diligence, and provides management and day-to-day oversight of external investment managers and general partners.

May supervise the work of others.

Performs related work as assigned.

GENERAL QUALIFICATION GUIDELINES

Experience and Education

Experience in investment management, research, or trading work.  Graduation from an accredited four-year college or university with major course work in finance, business administration, economics, or a related field is generally preferred.  Education and experience may be substituted for one another.

Knowledge, Skills, and Abilities

Knowledge of securities accounting, procedures, and market operations; of equity research or investment banking; of statistical concepts and methods and their application to research analysis; of various financial data systems; and of macroeconomics.

Skill in applying statistical concepts and in the use of a computer and software programs.

Ability to act in accordance with the Chartered Financial Analyst Institute code of ethics and standards of professional conduct, to apply financial research techniques, to conduct exhaustive searches and evaluations of vast amounts of data, to communicate effectively, and to supervise the work of others.

Registration, Certification, or Licensure

May require certification as a Chartered Financial Analyst (CFA), Certified Commercial Investment Manager (CCIM), or Certified Portfolio Manager (CPM).


State Auditor’s Office

Revised 9-1-15