Banking and Investment Officer

Why it's a great opportunity:

In this position with Pierce County’s Finance Department, you will be responsible for managing funds for County Departments and junior taxing districts including school districts and fire departments. Your role will include managing daily cash balances, $2.6 billion investments, recording bond issues, paying debt service on $3 billion outstanding debt, managing 26 bank and warrant accounts, and transacting deposits, outgoing ACH’s, and wires.

You will also provide finance records to financial advisors and manage County debt, arbitrage, EMMA compliance, IRS audits, and work with district financial advisor. This position has a significant impact on the overall banking and investment of approximately 40 public sector districts across Pierce County.

The Finance Department delivers enterprise-wide services that support every County department and many external partners, ensuring Pierce County operates effectively, efficiently, and with strong public stewardship. Finance staff provide a broad portfolio of high-impact, countywide services, including budgeting and performance management, fiscal services, procurement and contracting, information technology, general services, fleet services, and risk management.

Employees have the opportunity to work on strategic, enterprise-level initiatives, collaborate across departments, provide the operational and technical backbone which ensures the smooth delivery of services across the organization, and deliver critical analysis and decision support that informs leadership and shapes County priorities. Guided by leadership values that emphasize collaboration, transparency, and continuous learning, the Finance Department offers a supportive, innovative, and team-oriented environment where employees can grow professionally while making a meaningful impact on County operations and the community.

Learn more about the Finance Department here.

Your success will come from having exceptional customer service and communication skills along with maintaining relationships with banks, investment brokers, district staff, and the Fiscal Management Committee. In addition, dedication to excellence, commitment to quality, and a depth of knowledge in cash flow, investments, and debt service will ensure your success.

You will have access to professional development through robust online learning and other training opportunities throughout your career to ensure your success. This position has multiple career growth and promotional opportunities in Pierce County to build on a great career while directly impacting the communities in Pierce County.

• Administer the County, trustees and other taxing districts’ Investment plans.
• Administer and oversee the County’s, trustees and other taxing districts’ banking functions, and administer the banking contract.
• Develop and administer the County cash management process, forecast and manage the County’s, trustees and other taxing districts’ cash flows.
• Develop and maintain internal controls over banking, cash, and investment processes.
• Administer and assist in the development of the County investment policy and strategy.
• Act as liaison to financial institutions, County departments, and junior taxing districts with regards to banking, cash, and investment operations.
• Perform and administer all banking functions related to County, trustees and other taxing districts’ issuance, debt service management and spending of bond proceeds.
• Supervise and coordinate activities of a designated unit; determine work procedures, prepare work schedules and determine methods for expediting workflow; assign, review and approve the work of subordinate staff and ensure tasks are completed correctly and timely.

A classification description with a more detailed list of essential functions can be found here.

• A resume and cover letter are required for this position.
• Additional education or experience may substitute for the recruiting requirements.
• Bachelor Degree with major course work in business administration, finance, accounting,…