Investment Program Manager

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Description

Investment Program Manager

Job Description

Be a part of the VTA's future and join the team as an Investment Program Manager.

Reporting directly to the Finance, Debt & Investment Manager, the Investment Program Manager has critical duties including managing the VTA and the VTA/ATU Pension investment portfolios, the accounting for investment returns, investment performance reporting and ensuring compliance with California Government Code investment limitations.

About VTA

The Santa Clara Valley Transportation Authority employs more than 2,000 people dedicated to providing solutions that move Silicon Valley. Unique among transportation organizations in the San Francisco Bay Area, VTA is Santa Clara County’s authority for transit development and operations (light rail and bus), congestion management, transportation-related funding, highway design and construction, real estate and transit-oriented development, and bicycle and pedestrian planning. With local, state, and federal partners, VTA works to innovate the way Silicon Valley moves and provide mobility solutions for all.

Santa Clara Valley Transportation Authority (VTA) is an independent special district that provides sustainable, accessible, community-focused, innovative, and environmentally responsible transportation options promoting the region's vitality.

VTA provides bus, light rail, and paratransit services and participates as a funding partner in regional rail services, including Caltrain, Capital Corridor, and the Altamont Corridor Express.

Our Community

Santa Clara County, sometimes referred to as “Silicon Valley”, is unique for its innovation, natural attractions, and social diversity. With numerous amenities and perfect

weather, it has long been considered one of the best places in the United States to live and work. calendar of festivals and celebrations supports the community spirit. Nearby open space provides easy access to mountain parks, trails, lakes, streams, and beautiful coastal beaches. San José has received accolades for its vibrant neighborhoods, healthy lifestyle, and diverse attractions from national media, including Business Week and Money magazines.

The county’s population of 1.9 million is the largest in Northern California and is rich in ethnic culture and diversity. Enjoy access and the option to explore our closely neighboring counties of San Francisco and Alameda.

The Ideal Candidate 
Under general direction, the Investment Program Manager plans, organizes, directs, and monitors cash management programs; public fund investment activities; cash flow analysis; and bank, broker and money manager relations for the Valley Transportation Authority.

This single position class provides expertise in financial markets. The incumbent is responsible for managing cash flow, investing surplus funds, and ensuring the safety, liquidity and yield of public funds are consistent with the policies of VTA and federal and state statutory provisions. This position also provides oversight to outside money managers and direct supervision over assigned staff and performs related duties as required.
 

Essential Job Functions

Typical Tasks

  • Manages and invests all funds in accordance with investment policies;
  • Performs daily needs assessments, conducts cash flow analyses, develops cash and revenue projections, analyzes investment opportunities, and makes recommendations on investing surplus funds;
  • Reviews and recommends changes to investment policies;
  • Manages and applies a computerized investment tracking system;
  • Responds to Auditor inquiries;
  • Monitors, coordinates and manages the work of investment management firms;
  • Develops policies and procedures to ensure adequate internal controls for reporting investments;
  • Prepares financial statements and reports;
  • Prepares monthly and quarterly consolidated portfolio performance reports that incorporate market value, income and performance data for various investment portfolios, including explanations for variance from policy benchmarks and economic commentary;
  • Serves on the VTA/ATU Pension Investment Committee and provides investment support to the VTA/ATU Pension Board;
  • Researches and recommends new investment alternatives;
  • Assumes overall responsibility for VTA's total investment performance and allocation of funds to various money managers;
  • Represents Fiscal Resources on various internal committees and projects;
  • Supervises subordinate staff;
  • Performs related duties as required.

Minimum Qualifications

Employment Standards

Sufficient education, training and experience which directly demonstrates the required knowledge, skills and abilities.

Development of the required knowledge, skills and abilities is typically obtained by training and experience equivalent to a Bachelor's degree in accounting, economics, business administration, finance or a related field and four years of investment experience that included financial and economic analysis, portfolio management, and securities trading.

Supplemental Information

Knowledge of:

  • Principles and practices of cash flow analysis and investment alternatives;
  • Principles and practices of municipal finance;
  • Personal computers and financial software;
  • Computerized accounting and investment systems;
  • Financial laws and regulations relating to the investment of public funds;
  • Investment functions including pricing and execution of transactions;
  • Generally Accepted Accounting Principles and Practices for investment securities;
  • Principles and methods of supervision, training and employee development.

Ability to:

  • Analyze financial and securities market data;
  • Negotiate purchase and sale of securities at favorable market prices;
  • Exercise good judgment;
  • Analyze complex financial and technical data;
  • Develop policies and procedures to ensure adequate internal control for reporting investments;
  • Prepare financial statements and adjusting journal entries;
  • Prepare and present clear and comprehensive written and oral reports, including recommendations for action using proper sentence structure, puncuation, grammar, and spelling;
  • Analyze, evaluate and summarize information from written material;
  • Provide oversight of outside money managers;
  • Prepare consolidated portfolio performance reports;
  • Supervise, train, motivate, evaluate and discipline staff;
  • Communicate clearly and effectively both orally and in writing;
  • Establish and maintain cooperative working relationships with those contacted in the course of work.

What’s in it for you?

Work/Life Balance: 40-hour work weeks, and a flexible/hybrid remote schedule 

Health: VTA participates in a CalPERS-sponsored medical plan with VTA contribution to employee and dependent premium health insurance premiums. Employees pay a monthly contribution of any amount in excess of the Kaiser Bay Area Family rate.

Flex Spending Account: $300 employer-funded Health FSA for eligible employees

Vision: VSP full premium for employees and eligible dependents

Dental: Delta Dental full premium for employees and eligible dependents

Mental Health Days: 3 days: May 1, 2023 - June 30, 2024

Leave: 31 days of Scheduled Time Off, 8 sick days, 11 paid holidays per year, and 1 floating holiday per fiscal year (July-June).

Retirement:

- Participation in CalPERS

o Classic Members: 2%@55

o PEPRA Members: 2%@62

- 457 Deferred Compensation Plan (voluntary)

   o 457 pre-tax

   o 457 Roth

   o Self-directed brokerage account option for qualifying employees

- 401 a plan (voluntary)

- Retiree medical coverage for eligible employees with VTA contributions to the retiree’s medical premium

Additional perks:

- All active full-time employees and their eligible dependents are eligible for transit passes for use over VTA lines, including VTA Paratransit services.

- Employee Assistance Program (EAP) is available to each employee, eligible dependent, and household member, 24 hours a day, seven days a week.

- Tuition Reimbursement

- Professional Development Fund

- Wellness Programs

As we continue to implement our VTA Forward Plan, we aim to strengthen and increase our workforce to take on future opportunities and challenges by elevating our people and our services. For more information about our VTA Forward Plan, visit: https://www.vta.org/VTAForward

Job ID
268
Job Title
Investment Program Manager
Start Date
09/15/2023
Application Deadline
11/30/2023
Salary Range
$133,082.00 - $161,783.00
Job Location
San Jose, CA
Website
www.vta.org 

Contact Information

Name
Maria Chavez
Phone Number
14083215548
Email
maria.chavez@vta.org 
Best Method of Contact
EMAIL