Salary: $153,439.31 - $194,493.31 Annually
Location : King Street Center - 201 S Jackson St, Seattle, WA
Job Type: Career Service (Exec)
Job Number: 2026-MC27962
Department: DES - Executive Services
Division: FBOD-Finance & Business Ops
Opening Date: 09/21/2026
FLSA: Exempt
Bargaining Unit: Z3 : KC Personnel Guidelines
Full- or Part-Time: Full Time
Hours/Week: 40 hours/week

Summary
Our current opening is for a Senior Portfolio Manager to join our investment team. We are looking for a team member that can use their investment knowledge and financial industry experience to perform highly specialized financial analysis to support the King County Investment Pool's (KCIP) strategic investment plans. This position will actively participate in the development, recommendation, implementation and monitoring of all aspects of the KCIP's authorized investments and will also serve as a key advisor on financial matters to King County's Executive Finance Committee (EFC), Credit Committee and to the Finance & Business Operations Division's (FBOD) investment management team.

With over $10 billion under management, the KCIP is the second largest local investment pool in the state of Washington and in the top 25 nationally. Over the last three years the KCIP has distributed over $1.2 billion in earnings to participants. The Senior Portfolio Manager position's primary responsibility will be to collaborate with the Chief Investment Officer and other portfolio managers in administering and managing all matters related to the KCIP and assume a major role in managing the KCIP's short-term liquidity portfolio. Other responsibilities include, but are not limited to:

• Perform daily cash management and related investment accounting system functions
• Interact across teams and respond to clients for accurate and timely resolutions
• Report on the performance of the KCIP both verbally and in writing
• Oversee investment pool distribution process

Scope of Job Duties

Management Skills: The ability to participate in key relationships on behalf of the KCIP with executives, partners, consultants, and pool participants

• Mastery of Portfolio Management: The ability to understand and recommend changes and enhancements to KCIP's diversified assets by comparing investment opportunities
• High-level Analytical skills: The ability to analyze financial, economic, statistical, legal, accounting, market, and other matters quickly, efficiently, and accurately and summarize those results
• Interpersonal skills: Act as one of the key advisors on strategic investment plans and policies for FBOD
• Develop strategies to improve operational efficiency and/or performance of cashflow positioning, including overseeing the development of operational plans to ensure performance targets are met. Monitor global and national financial conditions and collaborate with the investment team to meet objectives of the KCIP investment policy
• Conduct relative value of fixed income investment opportunities by interpreting risk-reward parameters including market drivers of bond performance and the value of available alternatives
• Manage King County's credit program and facilitate the Credit Committee meetings
• Ensure that multimillion-dollar transactions are accurately transmitted and settled
• Help ensure the KCIP always maintains sufficient liquidity to meet all cash demands, including the complexities caused by the County's $400 million commercial paper self-liquidity program
• Prepare monthly performance reports of the KCIP that are relied on by FBOD's investment team and Executive Finance Committee

Minimum Qualifications

• Bachelor's degree with a major in Finance, Economics, Mathematics, Accounting, Business, Quantitative Methods, or a closely related field

• Experience in strategy development and/or operational planning; within a financial services environment or any combination of experience/education/training that provides the required knowledge, skills and abilities to perform the work

• 6+ years of professional experience in portfolio management, trade initiation, credit analysis, fixed income investment instruments, and financial reporting within a multibillion-dollar organization or with multibillion-dollar fixed income portfolio
• Professional experience maintaining relationships with investment broker/dealers and advanced understanding of money-market securities such as tri-party repurchase agreements, commercial paper, discount notes, etc.
• Demonstrated ability to understand financial statements, cash flow analysis and credit agency reports
• Knowledge and understanding of financial markets and the investments security settlement process
• Ability to work individually and collaboratively as a team member
• Professional experience in investment management, accounting, or banking
• Strong understanding of the various characteristics and calculations related to fixed income securities
• Skill in understanding political situations that might arise from policy decisions
• Ability to perform research, analyze and solve problems
• Previous experience working with investment systems such as Bloomberg, BondEdge, Yield Book, Singularity, Clearwater, etc.
• Professional experience managing, testing, or leading projects that improved operational efficiency and/or performance, while ensuring projects are managed responsibly and comply with all relevant laws, regulations, and policies
• Ability to manage your time and adapt to changing priorities and projects simultaneously, meet quick deadlines, and produce timely and quality work

Preferred Qualifications

• CFA charterholder, graduate degree (e.g., MBA, MS in Finance) and/or other industry certifications (e.g. CGIP, CPFIM)
• Advanced technical skills in Microsoft Excel
• Knowledge of quantitative methods, statistics, mathematics, economics, etc.
• Experience with LEAN processes and principles
• Experience with SharePoint, MS Teams, and other collaborative online tools

Position Information:

Work Site Details: The investment team works in a hybrid model, with days in the office as well as telecommuting. The ratio of remote to onsite work will be dependent on business needs and is subject to change. The primary onsite location is King Street Center, 201 S. Jackson, Seattle, Washington 98104.

Location Requirement: Employees must reside in Washington state and within a reasonable distance to their King County worksite to respond to workplace reporting requirements.

Work Schedule: This position is Exempt from the provisions of the Fair Labor Standards Act and therefore is not overtime eligible. Employees are paid on a bi-weekly schedule, every other Thursday, comprising a 40-hour workweek. Work will be Monday through Friday with the hours for this position generally starting prior to the normal 6:00 a.m. - 3:00 p.m. based on business and financial market needs.

Union Representation: This position is not represented.

Employees will be provided with a County issued laptop. When working remotely employees must maintain a workspace with an internet connection (access may be supplemented in some situations) where they can reliably perform work, remain available and responsive during scheduled work hours, and follow FBOD's Hybrid and Remote Guidelines including on-camera participation during virtual video meetings.

The Application/Selection Process:
The recruitment for this position is open to current King County Employees in the Department of Executive Services only.

A completed King County Application is required.

We highly recommend that you also provide a resume and cover letter addressing how you meet the minimum qualifications and why you are interested in this position.

The selection process typically consists of a phone screen, video interview, and reference checking. For some positions the process may also include skill testing, writing samples or additional interviews. Candidates will be updated on the status of their application via the email address used to apply.

Note: Online applications are preferred. However, if you cannot apply online, go to www.kingcounty.gov/jobs for other options.

If you have any questions or concerns while applying, please contact: Michael Castro, HR Analyst at

Supplemental Information

King County offers a highly-competitive compensation and benefits package designed to meet the diverse needs of our employees and support our employees' health and well-being. Eligible positions receive the following benefits and have access to the following programs:

• Excellent medical, dental, and vision coverage options: King County provides eligible employees with options, so they can decide what's best for themselves and their eligible dependents
• Life and disability insurance: employees are provided basic coverage and given the opportunity to purchase additional insurance for both the employee and eligible dependents
• Retirement: eligible King County employees may participate in a pension plan through the Washington State Department of Retirement Systems and a 457(b) deferred-compensation plan
• Transportation program and ORCA transit pass
• 12 paid holidays each year plus two personal holidays
• Generous vacation and paid sick leave
• Paid parental, family and medical, and volunteer leaves
• Flexible Spending Account
• Wellness programs
• Onsite activity centers
• Employee Giving Program
• Employee assistance programs
• Flexible schedules and telecommuting options, depending on position
• Training and career development programs

For additional information about employee benefits, visit our

This is a general description of the benefits offered to eligible King County employees, and every effort has been made to ensure its accuracy. If any information on this document conflicts with the provisions of a collective bargaining agreement (CBA), the CBA prevails.

NOTE: Benefits for Term Limited Temporary (TLT) or Short Term Temporary (STT) positions, including leave eligibility and/or participation in the pension plan through the Washington State Department of Retirement Systems, will vary based upon the terms and details of the position. Short Term Temporary positions are not eligible for an ORCA transit pass.

For inquiries about the specifics of this position, please contact the recruiter identified on this job posting.
01

Are you applying to this position as an eligible current or previous King County Employee Priority Placement Program Participant?

• Yes, I was given a layoff notice from my Career Service role at King County and I am within two years of the effective date of my layoff. Additionally, the position I was laid off from was the same or a higher percentage of FT status when compared to this one.
• No

02

If you answered yes to the question above and you are applying for this position as a Priority Placement Participant, to be considered, you must provide the following three pieces of information in the space provided:1. The title you held when you received your layoff notice2. The department you worked in3. The effective date of your layoff
03

Without the use of AI, what is your professional experience in portfolio management, trade initiation, credit analysis, fixed income investment instruments, and financial reporting within a multibillion-dollar organization or with multibillion-dollar fixed income portfolio
Required Question