Investment and Debt Officer
Salary
$103,206.84 - $180,217.34 Annually
Location
Hennepin County
Job Type
Full-time
Remote Employment
Flexible/Hybrid
Job Number
26OBF805TD03
Closing Date
5/19/2026 11:59 PM Central
Description
We are seeking to hire an Investment and Debt Officer in the Office of Budget & Finance (OBF) department. This role will have primary and shared responsibilities for Hennepin County’s cash and investment management functions. This position works closely with the treasury, debt, and capital budget staff to ensure that these critical county functions and goals are performed and met throughout the year, and that the county’s balance sheet is managed appropriately for long-term financial health and stability as reflected in credit ratings and other measures.
Current Hennepin County employees who refer a candidate hired into an open competitive position may be eligible for a $500 referral bonus.
For more information visit the employee referral program page.
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Location and hours:
This position is hybrid and will be performed both onsite at the Hennepin County Government Center, 300 South 6th Street, Minneapolis, MN 55487, and remote as job duties require. Work hours will be Monday through Friday, with typical hours of 8 a.m. to 4:30 p.m. While this position is designated as hybrid, based on current requirements hires must reside in or relocate to Minnesota or Wisconsin. New Employee Orientation (NEO) for all new benefit-earning employees is in-person in downtown Minneapolis. Details about NEO will be provided upon hire.
About the position type:
This is a full-time, benefit earning position. This position is internally classified as an Investment and Debt Officer.
Click here to view the job classification specification.
Note: You must attach a resume with your application materials to be considered for this position.
In this position you will:
· Lead and manage the design, maintenance, and enhancement of sophisticated cash and investment functions related to the management of liquid assets belonging to Hennepin County and associated entities in a manner that is safe, timely, effective, and appropriate for a public sector entity that provides a broad spectrum of services to taxpayers, residents, and customers.
· In accordance with the County’s investment policy, Minnesota local government investment statutes, and any current objectives, continuously analyze and adjust the county’s portfolio of cash and investments with strategies and products that incorporate expected cash needs, current interest rates, and economic statistics as well as considering probabilities of future changes of these factors.
· Manage and analyze cash flow to ensure funds are available for expected routine and scheduled needs as well as unplanned events and unexpected circumstances.
· Evaluate and select appropriate investments that meet the County’s immediate, short-, medium-, and long-term needs.
· Communicate and work collaboratively with all staff, especially leadership and those in the treasury, debt, and capital budget functions to maintain and share necessary information and analysis to make these three inter-related areas support each other.
· Assist in preparing investment earnings estimates which factor into revenue budgeting for all general and business fund activities.
· Interact with an external investment advisory committee to maintain their awareness of cash and investment strategies and results.
· Assist with strategic planning for issuance of county debt, working capital borrowing, and other financing mechanisms to provide the necessary resources for capital projects, operational, and investment needs.
· Work with budget staff to maintain current forecasts and timing of cash needs, and ways to finance capital improvements and projects.
· Assist the CFO with the hiring of outside contractors and supervise the scope and performance of their activities on behalf of the County.
Need to have: One of the following:
· Bachelor's degree in finance, business or public administration, economics or a closely related field with course work emphasis on debt management, financial markets, financial institutions, and/or investment management and five years or more of professional experience in overseeing or (co-)managing a debt management program and/or fixed income securities and producing and using financial analysis to create transactions.
· Master's degree or higher in finance, business or public administration, economics or a closely related field with course work emphasis on debt management, financial markets, financial institutions, and/or investment management and three years or more of professional experience in overseeing or (co-)managing a debt management program and/or fixed income securities and producing and using financial analysis to create transactions.
Note: Experience can be substituted for the required education on a year-for-year basis.
Nice to have:
· Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), or similar professional designation.
· Experience:
o Actively managing a public entity or non-profit investment portfolio.
o In or with the financial management of public sector entities.
o Interacting with governmental entities, credit rating agencies, securities broker-dealers, municipal advisors, bond underwriters, bond counsel, banks, and related staff.
· Ability to:
o Communicate risks involved in making financial decisions involving investment and borrowing decisions with potentially long-term effects.
o Demonstrate strong negotiation, presentation, and speaking skills.
o Express ethical standards related to finance.
o Apply the time value money analysis concept.
· Knowledge of:
o Capital markets.
o Fund accounting or segregated portfolios.
o Interest rate risk profiles of various marketable securities.
If you have any questions, please contact: Taylor Dahlbergtaylor.dahlberg@hennepin.us
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