Salary: $150,000.00 - $170,000.00 Monthly
Location : Thurston County - Olympia, WA
Job Type: Exempt
Remote Employment: Flexible/Hybrid
Job Number:
Department: Office of the State Treasurer
Opening Date: 08/06/2026
Closing Date: Continuous

Description

Opportunity:

OST is seeking an experienced Liquidity Portfolio Manager to manage the overnight investment process for the LGIP and Treasury Portfolio. Additionally, the Liquidity Portfolio manager is responsible for cash flow forecasting and analysis.

Reporting to the Deputy Treasurer for the Investments Division, the Portfolio Manager is responsible for managing assigned areas of OST's investment portfolios and carrying out day to day activities of investment programs. Functional areas include overnight investments, short term/liquid investments, fixed income portfolio management, custodial oversight, cash flow forecasting, and reporting and forecasting of earnings.

What we are looking for:

We are seeking a collaborative investment professional with strong analytical skills, sound judgment, and exceptional attention to detail. The successful candidate combines technical investment expertise with the ability to build productive relationships across agencies, financial institutions, and internal teams. We are looking for:

• Experience managing short-term liquidity investments, including repurchase agreements and money market instruments.
• Knowledge of cash flow forecasting, ideally in a public sector context.

Duties
Daily investment operations

• Manage overnight investment of cash for Treasury and LGIP accounts
• Ensure portfolio compliance
• Monitor bank balances throughout the day
• Act as backup support for the Portfolio Administrator and the LGIP Administrator, as well as the State's Surplus Funds CD and Linked Deposit programs.

Portfolio management and analysis

• Identify and execute trade opportunities to maximize portfolio yield in accordance with the state's investment policy and guidelines
• Track and understand market conditions and influences using Bloomberg data, dealer contacts and research materials.
• Monitor portfolio assets and rebalance where needed, in accordance with the state's investment policy and guidelines
• Help back up and comanage LGIP

Administrative Investment Activities

• Manage repo and bank counterparty relationships, including documentation and evaluation of services
• Draft, track and review periodic Requests for Proposal (RFPs) for custody services
• Develop and update investment policy and guidelines, administrative regulations and fund prospectus materials.
• Prepare written materials and presentations as needed.

Cash flow forecasting

• Use budgeted and historical data to forecast cash flows for the state Treasury and the state general fund. Track balances and refine forecast using month-end data and information from state agencies.
• Evaluate impact of proposed legislation on cash flow and earnings
• Work with state agencies to improve accuracy of forecast data
• Respond to requests for information regarding cash flows
• Use forecast data to anticipate liquidity needs

Earnings forecasting

• Prepare quarterly forecast of state general fund and Treasury earnings for Economic Revenue and Forecast Council
• Respond to requests for information regarding OST earnings
• Use forecast data to determine appropriate distribution of portfolio gains

Management of investment data

• Verify and review investment performance data
• Assist with portfolio pricing and benchmark tracking
• Represent Investment Team in interactions with IT staff

Other duties as required to support the operation of the Investments Division.

Qualifications
Applicants must demonstrate the knowledge, skills, and abilities required to perform the essential functions of this position. These qualifications may be acquired through any combination of education, training, certifications, and/or professional experience.

Candidates should be able to:

• Develop, monitor, and maintain reliable cash flow forecasts through analysis, ongoing monitoring, and collaboration with internal and external partners.
• Build and maintain productive working relationships with internal and external stakeholders to obtain information needed to support investment decisions and liquidity management.
• Independently identify operational issues, investigate underlying causes, exercise sound judgment, and recommend practical solutions.
• Analyze financial, statistical, and operational data to identify trends, assess risks, and support sound investment and cash management decisions.
• Evaluate interconnected business processes and recognize how operational changes may affect downstream activities, financial outcomes, or organizational risk.
• Communicate significant developments, emerging risks, and operational concerns to leadership in a timely and effective manner.
• Produce accurate, detail-oriented work while managing multiple priorities and meeting established deadlines.
• Work independently with minimal supervision while contributing effectively to a collaborative team environment.

The following knowledge, skills, or experience are preferred and may enhance a candidate's ability to be successful in the role:

• Knowledge of fixed income markets, bond valuation, and fixed income investment analysis.
• Experience supporting investment, treasury, banking, or institutional asset management functions.
• Experience with buy-side or sell-side investment operations.
• Knowledge of banking operations, online banking systems, and financial reporting practices.
• Experience conducting financial or statistical analysis to support business or investment decisions.
• Knowledge of applicable laws, regulations, policies, or industry standards governing public funds, investments, or treasury operations.
• Education, training, or professional certifications in finance, investments, economics, mathematics, business administration, accounting, or a related field.

Supplemental Information
In addition to completing the online application profile on , Applicants must attach a current resume and a letter of interest describing how their experience, skills, and career interests align with the qualifications for this position.

We encourage applicants from diverse backgrounds and experiences to apply. If you are excited about this opportunity but do not meet every qualification listed, we welcome your application and look forward to learning more about your experience.

This announcement will remain open until it is filled. Applications will be reviewed as they are submitted. Candidates are encouraged to come forward as early as possible as the OST reserves the right to make an appointment at any time during this employment announcement.

Benefits: Washington State offers a competitive benefits package. Beyond the traditional benefits such as health insurance, life insurance and retirement benefits, we offer flex spending accounts, dependent care assistance, deferred compensation, 12 paid holidays, paid vacation, and sick leave. Click on the "Benefits" tab near the top of the page to learn more.

Location: This position is based in Olympia, Washington, with offices located in the Legislative Building on the Capitol Campus. OST supports a flexible hybrid work environment.

Work Schedule: The Investments team works a standard Monday through Friday schedule, with core business hours of 6:00 a.m. to 3:00 p.m.

Onsite Expectations: Employees are expected to work onsite at least twice per month. During the onboarding and training period, which may last up to six months, employees may be required to work onsite more frequently. After the training period, onsite work will generally be limited to the minimum expectation, with additional onsite work scheduled as needed to support business and operational needs.

Recruitment Assistance and Contact Information: For questions about this recruitment or for applicants in need of assistance during the application process, please contact Nadine Sordahl at (360) 902-8919 or via email to [email protected]. TTY users should first call 711 to access the Washington Relay Service.
More than Just a Paycheck!
Employee benefits are not just about the kind of services you get, they are also about how much you may have to pay out of pocket. Washington State offers one of the most competitive benefits packages in the nation.

We understand that your life revolves around more than just your career. Like everyone, your first priority is ensuring that you and your family will maintain health and financial security. That's why choice is a key component of our benefits package. We have a selection of health and retirement plans, paid leave, staff training and other compensation benefits that you can mix and match to meet your current and future needs.

Read about our benefits:
The following information describes typical benefits available for full-time employees who are expected to work more than six months. Actual benefits may vary by appointment type or be prorated for other than full-time work (e.g. part-time); view the job posting for benefits details for job types other than full-time.

Note: If the position offers benefits which differ from the following, the job posting should include the specific benefits.

Insurance Benefits
Employees and their families are covered by medical (including vision), dental and basic life insurance. There are multiple medical plans with affordable monthly premiums that offer coverage throughout the state.

Staff are eligible to enroll each year in a medical flexible spending account which enables them to use tax-deferred dollars toward their health care expenses. Employees are also covered by basic life and long-term disability insurance, with the option to purchase additional coverage amounts.

To view premium rates, coverage choice in your area and how to enroll, please visit the Public Employees Benefits Board (PEBB) website. The Washington Wellness program from the Health Care Authority works with PEBB to support our workplace wellness programs.

Dependent care assistance allows the employee to save pre-tax dollars for a child or elder care expenses.

Other insurance coverage for auto, boat, home, and renter insurance is available through payroll deduction.

The Washington State Employee Assistance Program promotes the health and well-being of employees.

Retirement and Deferred Compensation
State Employees are members of the Washington Public Employees' Retirement System (PERS). New employees have the option of two employer contributed retirement programs. For additional information, check out the Department of Retirement Systems' web site.

Employees also have the ability to participate in the Deferred Compensation Program (DCP). This is a supplemental retirement savings program (similar to an IRA) that allows you control over the amount of pre-tax salary dollars you defer as well as the flexibility to choose between multiple investment options.

Social Security
All state employees are covered by the federal Social Security and Medicare systems. The state and the employee pay an equal amount into the system.

Public Service Loan Forgiveness
If you are employed by a government or not-for-profit organization, and meet the qualifying criteria, you may be eligible to receive student loan forgiveness under the Public Service Loan Forgiveness Program.

Holidays
Full-time and part-time employees are entitled to paid holidays and one paid personal holiday per calendar year.

Note: Employees who are members of certain Unions may be entitled to addition