Deputy Treasurer of Investments

As part of our total benefit package, Macomb County proudly offers medical, dental, and vision coverage, with no monthly premium to employees for single, two (2) person or family coverage. Health care, dental and vision benefits are effective the first day of employment.

To learn more about Macomb County benefits click here

CLASSIFICATION TITLE:

SALARY:

DEPARTMENT:

Opening Date:

Closing Date:

FLSA STATUS:Exempt

EMPLOYMENT STATUS:At-will

GENERAL SUMMARY

Manages the operating cash and investments of the County, prepares daily reconciliation of bank accounts, prepares daily cash forecast, and manages the daily maturity and purchase of investments. Monitors interest rates and market cycles to review and analyze available investment options for available cash. Serves as advisor to the Treasurer on all financial departmental issues. Acts as the primary contact for banking and investment relationships. Manages and supervises assigned personnel. 

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

Supervises the work of assigned personnel, including assigning and reviewing work, explaining technical processes, and conducting performance evaluations.

Performs daily reconciliation of accounts, investments and maturities, cashflow, and investment research.

Determines anticipated revenues, expenditures, and transactions for funds and balances.

Oversees and administers bookkeeping and accounting functions within the Treasurer’s office.

Notifies Treasurer of new or preferred investments.

Ensures monies are properly received and deposited and reviews all financial legislation that affects the office.

Ensures investment statements are reconciled and prepares Treasurer’s report.

Assists in the preparation of budget reports.

Prepares and administers revolving fund distribution of proceeds.

Represents the County Treasurer’s Office at various meetings.

Operates an automobile to perform assigned job functions.

Performs related duties as assigned.

QUALIFICATIONS

Required Education and Experience

• Bachelor’s Degree from an accredited college or university in Accounting, Finance, Public Administration or a related field
• Five (5) years of professional investment experience, preferably in a government setting

Preferred Education and Experience

• Previous supervisory experience

Required Licenses or Certifications

• Possession of a valid Michigan driver’s license and operable, insured automobile for authorized travel

COMPETENCIES FOR SUCCESSFUL PERFORMANCE OF JOB DUTIES

Knowledge of:

• Investment strategy, cash flow forecasting, interest rate projections, and causes of market changes
• Principles and practices of accounting and bookkeeping
• Michigan tax laws
• Banking principles

Skill in:

• Effectively utilizing Microsoft Word and Excel
• Interpersonal skills necessary to develop and maintain effective and appropriate working relationships
• Performing basic mathematical functions such as addition, subtraction, multiplication, division, percentages and ratios
• Assigning, prioritizing, monitoring and reviewing work assignments

Ability to:

• Exercising good judgment and initiative in analyzing problems and recommending solutions
• Supervise, direct and organize the work of assigned staff
• Work in an environment which embraces the county’s Dignity Campaign
• Effectively speak, write and understand the English language
• Effectively speak, write and understand a language other than English is preferred
• Understand and carry out oral and/or written instructions
• Accurately organize and maintain paper documents and electronic files
• Maintain the confidentiality of information and professional boundaries
• Work independently

WORK ENVIRONMENT/CONDITIONS

The work environment and exposures described here are representative of those an employee encounters while performing the essential functions of this job.

N/S=Never/Seldom  O=Occasionally  F/C= Frequently/Continuously

Work Environment

Office or similar indoor environment:F/C

Outdoor environment:N/S

Street environment (near moving traffic):N/S

Construction site:N/S

Confined space:N/S

Exposures

Individuals who are hostile or irate:O

Individuals with known violent backgrounds:N/S

Extreme cold (below 32 degrees):N/S

Extreme heat (above 100 degrees):N/S

Communicable diseases:N/S

Moving mechanical parts:N/S

Fumes or airborne particles:N/S

Toxic or caustic chemicals, substances, or waste:N/S

Loud noises (85+ decibels):N/S

Blood Borne Pathogens:N/S

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• undefined

N/S=Never/Seldom  O=Occasionally  F/C= Frequently/Continuously

Demand:

Balancing on even or uneven surfaces/ground:N/S

Bending (forward or backward bending at the waist):O

Climbing up or down stairs, ladders, scaffolding and platforms:O

Crawling (moving about on hands and knees):N/S

Inspecting in confined spaces:N/S

Digging: N/S

Driving on sealed and unsealed roads:O

Grasping, gripping, holding, clasping with fingers or hands:O

Kneeling to work at low levels: N/S

Manual Dexterity (fine finger movements i.e., keyboard operating, writing):F/C

Lift/Carry/Move objects from one level/position to another up to 25 pounds:O

Push/Pull objects away from or towards the body: O

Reaching overhead (arms raised above the shoulder) or forward reaching (arms extended):O

Sitting in a seated position during the task performance:F/C

Standing in an upright position without movement:O

Walking considerable distances in the facility on multiple surfaces:O

Running considerable distances in the facility on multiple surfaces:N/S

GENERAL REQUIREMENTS AND DISCLAIMERS

Complies with P.A. 390, as amended, known as the State’s Emergency Management Act and the County’s Emergency Management resolution as well as all related plans, policies and procedures covered by those statutes.

The intent of this job description is to provide a representative summary of the major duties and responsibilities performed by employees in this job. Employees may be requested to perform job-related tasks other than those specifically presented in this description.

Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities.  Please tell us if you require accommodation to apply for a job or to perform your job.  Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment amongst other possible accommodations.