Class Code: 00840
IOWA DEPARTMENT OF ADMINISTRATIVE SERVICES –
HUMAN RESOURCES ENTERPRISE
RETIREMENT INVESTMENT TECHNICIAN
DEFINITION
Under general direction performs specialized technical
investment administrative work in the development and execution of various
programs of the investment program of IPERS; performs related work as required.
The Work Examples and Competencies listed are for illustrative purposes only and not intended to be the primary basis for position classification decisions.
WORK EXAMPLES
Performs analytical duties related to the investment
of the daily cash balance; supports the analysis of the cash flow for the fund
and other investment related evaluation in order to keep management aware of
market conditions and the fund's position.
Supports the preparation of components of various
programs pertaining to the interrelationship between IPERS, its custodian bank,
and other financial institutions with which it deals on a daily basis.
Assists in the performance of technical responsibilities
for management in their evaluation and screening of alternate investment
vehicles and proposals; the development of future investment strategies,
portfolio diversification, and funds' allocation; in their analysis of
investment policy to determine which services can be performed internally; and
their review of investment policy parameters and changes in investment policy
to reflect changes in economic conditions and the investment environment.
Supports the research of a variety of investment periodicals
and journals in order to stay abreast of current market situations, trends,
forecasts, and projections of investment firms; researches economic trends and
analyzes financial reports.
COMPETENCIES REQUIRED
Ability to acquire knowledge of the basic
characteristics of all forms of stocks, bonds and short-term investments.
Ability to acquire knowledge of corporate and
financial accounting systems.
Ability to acquire knowledge of stock and bond
portfolio management.
Ability to acquire knowledge of the economic and
political factors affecting interest rates and stock prices.
Ability to acquire knowledge and understanding of
financial requirements of a wide variety of business enterprises.
Ability to acquire the knowledge to analyze and
interpret accurately financial statements of documents which are submitted in
relation to pending or completed negotiations.
Ability to operate computer terminals, adding and
calculating machines requiring eye/hand coordination in designated positions.
Ability to perform arithmetic operations quickly and
accurately.
Ability to understand instructions and their
underlying principles.
Displays high standards of ethical conduct. Exhibits honesty and integrity. Refrains from theft-related, dishonest or
unethical behavior.
Works and communicates with internal and external
clients and customers to meet their needs in a polite, courteous, and
cooperative manner. Committed to quality
service.
Displays a high level of initiative, effort and
commitment towards completing assignments efficiently. Works with minimal supervision. Demonstrates responsible behavior and
attention to detail.
Responds appropriately to supervision. Makes an effort to follow policy and
cooperate with supervisors.
Aligns behavior with the needs, priorities and goals
of the organization.
Encourages and facilitates cooperation, pride, trust,
and group identity. Fosters commitment
and team spirit.
Expresses information to individuals or groups effectively, taking into account the audience and nature of the information. Listens to others and responds appropriately.
EDUCATION, EXPERIENCE, AND SPECIAL
REQUIREMENTS
Graduation from high school or the G.E.D. equivalency
and three years of experience which involved compilation, tabulation,
examination, verification or recording of financial, statistical or related
fiscal program data;
OR
satisfactory
completion of post high school course work in an accredited program of
secretarial, business or closely related curriculum may be substituted for the
required experience on the basis that one month of concentrated education is
equivalent to two months of experience;
OR
substituting
the successful completion of thirty semester hours or the academic equivalent
in a post high school Business finance, Accounting or closely related
curriculum for each year of the required experience;
OR
any
equivalent combination of qualifying education or experience.
Effective
Date: 10/88