STATE CLASSIFICATION JOB DESCRIPTION


Salary Group B35

Class No. 1154

PORTFOLIO MANAGER V

GENERAL DESCRIPTION

Performs managerial (senior-level) asset management work.  Work involves developing investment strategies and researching, analyzing, and evaluating securities and other investment information to implement approved investment policies and programs.  Plans, assigns, and/or supervises the work of others.  Works under minimal supervision, with extensive latitude for the use of initiative and independent judgment.

EXAMPLES OF WORK PERFORMED

Directs the purchasing, selling, or holding decisions for assets in assigned portfolios.

Directs coordination with traders on the timing of sales and purchase transactions.

Directs and/or conducts economic studies to maintain current information on holdings and recommends additional transactions.

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 large or highly complex portfolios.

Oversees and/or obtains, conducts due diligence, and provides management and day-to-day oversight of external investment managers and general partners.

Oversees and/or defines, negotiates, and monitors investment management agreements and related schedules.

Formulates investment strategies, including asset allocation and risk control management.

Recommends and selects portfolio strategies and appropriate mix of securities in assigned portfolios.

Monitors performance of securities in assigned portfolios.

Serves on investment committees.

Plans, assigns, and/or supervises 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 complex statistical concepts, in problem solving, in maintaining professional relationships with vendors, 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 plan, assign, and/or 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