Sr. Cash & Investment Analyst

City of Norfolk, VA

Norfolk (VA)

On-site

USD 75,000 - 110,000

Full time

4 hours ago

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Benefits offered by this job

Signing bonus

Health insurance

Pension program

Paid leave

Job summary

City of Norfolk's Finance Department seeks a Senior Cash and Investments Analyst to manage daily cash flow, monitor investments, and support the Investment Committee. Responsibilities include preparing monthly financial reports, developing policies, coordinating with external advisors, and maintaining investment databases.

The role offers a $5,000 signing bonus and a comprehensive benefits package including retirement and health plans; standard leave and pension provisions apply.

Qualifications

Bachelor's degree in economics, accounting, finance, business or a related field.
Five years of progressive cash and investment experience.
Two years of relevant experience in cash operations and management, investments, cash forecasting, banking, or a related field.
Comprehensive knowledge of finance and higher-level analysis of investments; strong grasp of municipal functions.

Responsibilities

Monitor, analyze and project cash flows to maximize investment earning potential.
Coordinate cash management activities for various City funds and support investments.
Prepare monthly financial reports on investment activity and support the Investment Committee.
Prepare cash and investment disclosures for the ACFR.
Engage staff in posting financial transactions and maintain internal control infrastructure.
Develop and revise Cash and Investment operations, policies, and procedure manuals.

Skills

Cash management

Investment analysis

Financial reporting

Communication

Education

Bachelor's degree in economics, accounting, finance, business or related field

Tools

Excel

Job description

Description

Norfolk, Virginia is America's most authentic and urban waterfront city. Home to the world’s largest naval station and the business, arts, and cultural center of Coastal Virginia, Norfolk has been rated a top place to live, work, play, and raise a family by numerous publications. Working for the City of Norfolk is an opportunity to make a real difference in the lives of others. With our commitment to competitive pay and a strong retirement package, you can do good for your community and do well for yourself. Join a caring workplace that proudly celebrates uniqueness, authenticity, and a shared commitment to improving the lives of our residents.

The Department of Finance provides centralized structure and support for the City of Norfolk’s financial operations, including: financial reporting; debt and cash management; payroll; procurement; risk management; financial system administration and support; accounts payable; collections; retirement and parking financial operations. Finance’s Parking Financial Operations division manages all accounting, reporting, budgeting, and revenue oversight for the City’s parking activities, ensuring strong financial controls, timely monthly reporting, accurate year-end projections, and audit readiness within the City’s general ledger system. We work hard, support one another, and remain committed to valuing and investing in our greatest resource — our people.

Responsible for supporting the City’s multi‑fund investment portfolio, which averages over $550 million, with key responsibility for coordinating a cash management structure and developing and enhancing related policies and procedures. The Cash and Investments Analyst, Senior is primarily responsible for providing daily cash management recommendations regarding the investment of the City’s working capital to ensure an optimal balance of liquidity and return on investment, monitoring, analyzing, and projecting cash flow, preparing monthly financial reports, performing financial analysis, and supporting the Investment Committee.

Essential Functions

Assists in monitoring, analyzing and projecting cash flows to anticipate City expenditure requirements and maximize the earning power of funds available for investment by developing cash flow projections for various City funds, comparing actual cash flow to the amount projected, and recommending investment strategies that ensure cash liquidity

Coordinates cash management activities for various City funds, and provides analytical and technical support related to investments

Prepares monthly financial reports on investment activity and supports the Investment Committee as needed

Prepares cash and investment disclosures for the City’s Annual Comprehensive Financial Report (ACFR)

Serves as a liaison with the City’s outside investment advisors, studies and analyzes financial trends for investments, and assists in the formulation and implementation of investment strategies

Responds to requests from various members of City staff by preparing reports, advanced analysis, estimates, projections and providing historical information related to investment activity and interest revenue utilizing Excel pivot tables

Develop and maintain investment database and earnings status; calculates monthly management fee and interest earnings by fund and prepares necessary journal entries to record revenue in the City’s financial system

Provides support for the investment and reinvestment of the City’s pooled investment funds

Communicates effectively, both orally and in writing, and exercises appropriate judgment in answering questions and releasing information; analyzes and projects consequences and/or recommendations

Engages staff in posting of City’s financial transactions, including receipt, disbursement and safekeeping of City monies

Recommends and revises Cash and Investment operations, policies, and procedure manuals to reflect applicable laws, regulations and investment policies and improvements regarding the efficiency of operations and reliability of financial reporting to maintain effective internal control infrastructure

Education/Experience

Required

Bachelor's degree in economics, accounting, finance, business or a related field.

Five years of progressive cash and investment experience.

Two years of relevant experience in cash operations and management, investments, cash forecasting, banking, or a related field.

Duties require comprehensive knowledge of finance and higher-level analysis of investments, as well as a strong grasp of municipal functions.

Additional Information & Requirements

Work Hours:

Monday - Friday, 8:00 am to 5:00 pm

Signing Bonus:

This position is eligible for a $5,000 signing bonus.

Regular full-time and permanent part-time employees may receive paid holidays, vacation and sick leave, employer paid pension plan, basic life insurance, voluntary participation in medical and dental, Section 457 deferred compensation, long-term disability, optional life insurance for self, spouse and children, medical and dependent care reimbursement plans, access to membership in credit union and employer provided parking.

Special project/grant employees are generally eligible for the same benefits of regular full-time employees; however, retirement, life insurance and participation in health plans vary depending upon funding and authorization.

Temporary/seasonal and part-time employees are generally only eligible for employer provided parking and access to membership in credit union.

Retirement

If you are hired October 5, 2010, or after to a position with City of Norfolk Retirement System benefits, you will be required to contribute five percent (5%) of your salary toward your retirement benefit. This will be a pre‑tax payroll deduction.

If you are hired January 1, 2022, or after to a position with Virginia Retirement System (VRS) benefits, you will be required to contribute five percent (5%) of your salary toward your retirement benefit. This will be a pre‑tax payroll deduction.

The Tuition Assistance Program is established to encourage employees toward continued self‑development and education. Permanent full‑time and permanent part‑time classified, unclassified permanent, full‑time special projects, and constitutional employees who have completed six months continuous service will be eligible to apply. The applicant’s school of enrollment must be an accredited institution.

Note

The benefits described above are broad generalizations. The specific benefits that an employee may be eligible for are governed by City regulations, as applicable to job type.

Non-City

Positions listed with a job type designation of "Non-City" are not subject to the benefits descriptions above. Refer to the content of the job posting for information regarding these positions.

The following Supplemental Questions are specific to the position for which you have applied to assist the hiring manager in screening applications for specific experience being sought. Please be specific in answering these questions as they will be used to evaluate which applications will be given further consideration in the process. Do not answer "see resume" or "see application" as these are not valid answers. Please note that if you are invited to be interviewed by the department, your responses to the following questions may be subject to verification.

I understand and will answer the following supplemental questions completely and thoroughly.

If you were referred for this position by a current City of Norfolk employee, please provide the employee's full name, department, and job title. If not, please indicate by typing "N/A".

Please select the highest level of education you have completed.

High School Diploma/GED

Some College (6 months or more)

Associate's Degree

Bachelor's Degree

Master's Degree or higher

Do you possess a bachelor's or master's degree in finance, accounting, economics, business administration, or a closely related field?

If yes, please describe your experience. If no, put n/a.

Please describe your experience working with the Virginia Investment of Public Funds Act, if any.

If yes, please describe your experience. If no, type "n/a".

Beginner

Intermediate

Advanced

Do you have any professional certifications? If so, please list the certification.

Please provide an explanation of any periods of unemployment that are 30 days or longer. Indicate N/A if you have not experienced any periods of unemployment.