The Chief Investment Officer (CIVO) is responsible for managing or performing all functions of the County’s Investment office. The CIVO develops and manages professional relationships with other County departments as well as outside professionals including members of the Investment Advisory Committee, Commissioners Court, bankers, broker/dealers, financial advisors and other related professional organizations. Supervises, plans and evaluates the work of investment employees and ensures that they are working toward the County’s goals, in compliance with state statutes and County policies including the Public Funds Investment Act (PFIA) and the Travis County Investment Policy and Procedures. Ensures that all work is accomplished in accordance with industry best practices and all investment decisions are made based on the priorities of 1) security, 2) liquidity, and 3) yield/income. The CIVO continually analyzes and evaluates all investment decisions based on constant monitoring of the financial markets, analyzing yield curves and spreads between different investment options, and considers the timing of the County’s long-term cash needs. Serves as part of a daily cash management team, managing the County’s daily cash balances when needed. This position is responsible for managing the depository contract so that the needs of the multiple County account holders are met and security is maximized while costs of the services are minimized. Performs within a complex and ever-changing legal and regulatory environment and provides day to day guidance and expertise to finance professionals throughout the County. Travis County Investments is in the Economic Development and Strategic Investments (EDSI) Division of the Planning and & Budget Office and the position report to the Director of EDSI. This position works as part of team focused on economic development, strategic planning, investments and affordable housing. This division provides an array of professional services to the County to promote informed decision-making, providing project management and support for county economic development, real estate portfolio management, site redevelopment, and capital planning and investments. The goals of the division are to promote the efficient use of public resources, economic equity and create long-term value for Travis County through collaboration and innovation.

Distinguishing Characteristics This is a job classification within the Management job family. Incumbents in this classification report directly to the Director of Economic Development & Strategic Investments. Incumbents in this classification perform a high level of independent analysis and must use professional judgement in the management of the County’s corporate-level financial portfolios. The Incumbent manages and performs a wide range of highly complex professional financial analysis. These duties require the application of complex financial theories, principles, and techniques. In addition, the job requires advanced levels of competency in computer use as well as analytical and communication skills. The incumbent is required to frequently initiate and complete investment transactions with limited supervision that, if done incorrectly, could result in very severe consequences. This classification may require a flexible work schedule to meet the needs of the department, especially in regard to the time-sensitive nature of the County’s cash and investment positions. Analyzes and evaluates long and short term, national and international macro/micro economic and business trends that directly affect the financial markets and develops strategies and recommendations based on this analysis. Develops and/or modifies investment policies, procedures, and strategy statements with the goal of minimizing risk and enhancing yield of the overall investment portfolios. Makes independent investment decisions for Travis County funds, purchasing a wide array of investment products including treasury notes, agency notes, municipal bonds, agency discount notes and commercial paper for the investment portfolios. Prepares and monitors investment strategies based on market information such as economic data, rate trends, and Federal Reserve decisions. Recommends appropriate changes to investment policies in accordance with changes in state and federal laws. Implements approved changes. Reviews the performance of approved brokers/dealers and evaluates applications of new brokers/dealers at least annually. Recommends new list to Commissioners Court for approval. Compiles and prepares weekly, monthly, quarterly, and annual investment reports in accordance with the Texas Public Funds Investment Act (PFIA) and Travis County Investment Policy. Certifies compliance of the Travis County portfolios with the Act and the County Policy. Effectively communicates complex financial information to different audiences. Provides financial information disclosure on County investment and banking operations to County management, Commissioners, and the investment and banking community. Manages the depository bank Request for Application (RFA) and Bank Depository Contract in conjunction with County legal staff. Oversees monthly audit and reconciliation of account analysis for the entire County’s banking relationship. Works with County Auditor’s Office in the creation of reports for CAFR and reconciliation of any differences in investment transactions. Develops and provides revenue estimates to the Auditor’s Office to be used in the calculation of future revenue needs for the County. Prepares and updates cash flow forecasts for each portfolio using daily historical records and information from other County departments to establish revenue and expense estimates for future years to anticipate expenditure needs and guide investment decisions. Manages the Travis County Healthcare District’s (TCHD) cash, investments, and banking relationship, under an interlocal agreement with Travis County. These services include all the duties and responsibilities provided to Travis County, any consultation as needed to answer questions related to these services, daily, monthly and quarterly reporting to the TCHD Board of Managers and CFO, and attendance of TCHD Board of Managers and Budget and Finance Committee meetings. Serves on multiple investment boards to represent the County and provide the outward facing relationships with other investment professionals. Functions as a technical expert on task forces and committees. Prepares reports and analyzes issues as required. Serves on the County’s Deferred Compensation Committee. Plans and evaluates the work of investment staff. Prepares annual budgets, performance measures, and work plan for the division. Performs other job-related duties as assigned. Bachelor’s degree in Finance, Economics, Accounting, Business or a directly related field AND seven (7) years of high level professional financial management experience including the investment of a multi-million dollar portfolio. Experience must include the independent authority to make decisions and at least five (5) years of investment analysis and investment management experience. Master’s degree in Finance, Economics, Accounting, Business or directly related field may substitute for two (2) years of required experience; OR, Any combination of education and experience that has been achieved and is equivalent to the stated education and experience and required knowledge, skills, and abilities sufficient to successfully perform the duties and responsibilities of this job. Licenses, Registrations, Certifications, or Special Requirements: Background check required. Cover Letter and Resume Required.

Preferred: Familiarity with Bloomberg Government investment experience. Master’s degree in Finance, Economics, Accounting, Business or a directly related field. Excellent Excel and presentation skills. Fixed-income investment experience. Valid Texas Driver’s License. Knowledge of: Applicable Federal, State, Local and County laws, rules, regulations and guidelines. Standard management theory, principles, practices and techniques. Principles and practices of accounting, finance and fixed income securities markets. Securities allowed under the Texas Public Funds Investment Act (PFIA). Investment concepts, terminology, styles, models, strategies, fundamental investment factors and their financial impact. Statistical concepts, methods, and models and their application to investments. Government/Commercial banking services. Computer systems to include word processing, spreadsheets, databases, statistical packages, project scheduling and management, presentation/graphics and related software applications. Investment reporting systems and standardized financial/accounting software. Budget development. Modern office practices, procedures and methods. Business letter writing, grammar and punctuation, and report preparation. Skill in: Use of independent judgement in problem-solving and technical decision-making. Conducting financial analysis and interpretation of financial data. Effective verbal and written communication. Public speaking and content delivery. Training, managing and evaluating the work of others. Building, managing, and fostering team-oriented environment with other departments and business partners. Developing, writing, and compiling technical reports. Analyzing and evaluating data, policies, and technical issues. Developing short-range and long-range investment projections. Interaction with Board members and elected officials. Ability to: Interact effectively with staff, public, elected and appointed officials. Direct and organize department activities. Establish program goals and objectives that support strategic plans. Identify problems, evaluate alternatives, and implement effective solutions. Prepare clear, complete, accurate, and logical verbal and written reports and make presentations. Prioritize needs, develop and implement plans of action. Work on a wide variety of tasks simultaneously and produce timely and tangible results. Utilize online resources. Value diversity and promote shared responsibility, teamwork, systems integration and acceptance of change. Read and understand basic legal documents. Listen and communicate effectively both verbally and in writing. Establish and maintain effective working relationships with representatives of outside agencies, consultants, other County employees and officials, and the general public. Physical requirements include the ability to lift/carry up to 10-15 pounds occasionally, visual acuity, speech and hearing, hand and eye coordination, and manual dexterity necessary to operate a computer and office equipment. Subject to standing, sitting, walking, climbing, crawling, bending, stooping, crouching, kneeling, pushing, pulling, reaching, twisting, balancing, repetitive motion, and squatting to perform the essential functions. Travis County employees play an important role in business continuity. As such, employees can be assigned to business continuity efforts outside of normal job functions. Work Hours: 8 am - 5 pm, Monday -Friday and may include working County holidays when the banks are not closed for business. Location:700 Lavaca St; Suite 1560; Austin TX 78701 Department:Planning And Budget Criminal background check, Education, and Employment verification required. This position is eligible for hybrid in-office/telework based on work need. MUST LIVE IN or NEAR AUSTIN TX AREA.

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