Investment Manager

Investment Manager

The Investment Manager is responsible for the strategic management and oversight of the municipality’s investment portfolio in accordance with applicable laws, regulations, and the municipality’s investment policy. This role ensures prudent investment of public funds to maximize returns while maintaining safety, liquidity, and compliance with legal standards. Under general direction, invests City funds in accordance with established rules and regulations. Forecasts sources and uses of City funds.

Develops and maintains cash management and investment policies and procedures. Evaluates investment requirements to construct a properly diversified portfolio. Performs other job-related duties as required.

Bachelor’s Degree in Business Administration, Finance, Accounting, or Public Administration from an accredited four‑year college or university is required. Two years of full‑time paid experience in cash and investment management with an emphasis in short and long‑term investment analysis is required.

• Develop, implement, and monitor investment strategies for municipal funds, including general funds, bond proceeds, and reserve accounts.
• Ensure compliance with local, state, and federal laws, including municipal investment policies and government accounting standards.
• Analyze and evaluate financial markets, investment instruments, and credit risk to make informed recommendations.
• Execute investment purchases/sales, record transactions into the accounting system, reconcile trading activity, and produce activity reports.
• Maintain relationships with financial institutions, investment advisors, and regulatory bodies.
• Prepare investment reports for senior management, City Council, and other stakeholders.
• Recommend updates to the investment policy to reflect changes in market conditions or legal requirements.
• Assist in cash flow forecasting to ensure adequate liquidity for municipal operations.
• Participate in the selection, oversight, and evaluation of external investment managers or advisors, if applicable.
• Monitor interest rates, economic trends, and market developments to inform investment decisions.
• Collaborate with internal departments (e.g., Admin, Treasury, Budget, and Accounting) to coordinate financial planning and cash management.

• Bachelor’s degree in Finance, Economics, Accounting, or related field.
• Master’s degree or progress toward a CFA Designation preferred.

• Minimum of 2 years of experience in investment management, treasury operations, or public finance.
• Experience in a governmental or public‑sector environment is preferred.

• Strong understanding of capital markets, investment strategies, and portfolio management.
• Knowledge of public sector financial regulations and municipal investment guidelines.
• Proficient in financial analysis, cash flow modeling, and risk assessment.
• Excellent analytical, organizational, and communication skills.
• Proficient in using a Bloomberg Terminal, Microsoft Excel and related investment software tools.

The City’s guiding principles are as follows:
Placing Clevelanders at the Center, Empowering Employees to Do Purposeful Work, Defining Clear and Pragmatic Objectives, Leading with Trust and Transparency, Striving for Equity in All We Do, and Embracing Change. All City employees are responsible for embracing and carrying out these principles in all that they do.