Specifications include, but are not limited to: 1. Review current cash management and investment practices for operating (pooled cash) and other funds and make best practice recommendations to achieve the objectives described in the respective investment policies and guidelines. 2. Assist in the development of a prudent and efficient investment strategy for the State’s pooled cash including, but not limited to, cash-flow analysis and forecasting tools. 3. Recommend trades and exchanges needed to achieve current and prospective investment strategies, including changes in investment instruments and classes. 4. Review current banking services, costs, and arrangements and make best practice recommendations to improve cash management practices. 5. Provide periodic reviews and best practice recommendations relative to aspects of cash and investment operations. 6. Review and make best recommendations to investment policies, guidelines, and procedures initially, on an annual basis, and when conditions change. 7. Monitor compliance with investment policies and guidelines and report on a quarterly basis. 8. Recommend what investments should be managed by State Treasury personnel and advise on the design and monitoring of internal investment operations. 9. Advise on risk management issues impacting cash and investments. 10. Review current earnings distribution methodology and make best practice recommendations, as needed.
