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Senior Fixed Income Portfolio Manager

King County


Job Location:

Seattle, OR - USA

Yearly Salary: USD 153439 - 194493
Posted: 29 September 2026 (5 days ago)
Application Deadline: 29 December 2026
Vacancies: 1 Vacancy

Job Summary

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 Pools (KCIP) strategic investment plans. This position will actively participate in the development recommendation implementation and monitoring of all aspects of the KCIPs authorized investments and will also serve as a key advisor on financial matters to King Countys Executive Finance Committee (EFC) Credit Committee and to the Finance & Business Operations Divisions (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 positions 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 KCIPs 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 KCIPs 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 Countys 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 Countys $400 million commercial paper self-liquidity program
  • Prepare monthly performance reports of the KCIP that are relied on by FBODs investment team and Executive Finance Committee

Minimum Qualifications

  • Bachelors 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 inportfolio 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 FBODs Hybrid and Remote Guidelines including on-camera participation during virtual video meetings.

The Application/Selection Process:

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 for other options.

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

Supplemental Information

Are you ready to make a difference Come join the team dedicated to serving one of the nations best places to live work and play.

King Countys Vision Mission and ACTIVATE Values unite us.

King County serves residents with a relentless sense of urgency delivering on commitments with transparency and accountability. We are action-oriented creative problem solvers who collaborate across roles engage directly with communities and challenge the status quo to achieve meaningful impact. As a unified team we uphold high ethical and stewardship standards embrace change stay curious and continuously improve. Across all interactions we listen first act quickly and stay aligned as a team to earn and sustain public trust. Learn more about our Vision Mission and ACTIVATE Values here and visit our Why work at King County page here.

King County is an Equal Employment Opportunity (EEO) Employer

No person is unlawfully excluded from employment opportunities based on sex race color national origin ethnicity religious affiliation disability sexual orientation gender identity or expression age except by minimum age and retirement provisions pregnancy status as a family caregiver parental status marital status military status or status as a veteran who was honorably discharged or who was discharged solely as a result of the persons sexual orientation or gender identity or expression citizenship or immigration status genetic information or other protected class. However to the extent that distinction or differential treatment on the basis of citizenship or immigration status is authorized by either federal or state law regulation or government contract it is not an unfair practice.

Our EEO policy applies to all employment actions including but not limited to recruitment hiring selection for training promotion transfer demotion layoff termination rates of pay or other forms of compensation.


Required Experience:

Manager