PURPOSE OF JOB CLASS (NATURE OF WORK)
In the Office of the State Treasurer, this class is accountable for performing the most complex tasks in the issuance and management of the State's bonded debt and for having division-wide leadership responsibilities.
GUIDELINES FOR JOB CLASS USE
This class will be used in one of two ways:
1. Assists the Assistant Treasurer in the management of the Debt Management Division.
2. Serves as the subject matter expert on bond financing programs.
Works under the limited supervision of the Assistant Treasurer for Debt Management.
May/lead supervise lower level staff as assigned
EXAMPLES OF DUTIES
Serves as a subject matter expert and leader in one or more major bond financing programs having significant statewide impact; acts as an assistant to the Assistant Treasurer for Debt Management by carrying out all of the following duties: represents the Assistant Treasurer for Debt Management in his or her absence; assists in the management of the Debt Management Division; analyzes and interprets data and makes recommendations on policy decisions related to the public debt; studies the impact of changes in the amount, character and distribution of the public debt for its implications on credit conditions, interest rates, or the level and distribution of income; analyzes the relationships of public debt securities to the requirements of various classes of investors; oversees the issuance of bonds in compliance with all pertinent statutory requirements of finance capital projects and adjusts bond maturities to the life of capital improvements; schedules maturities of various bonds to coincide with anticipated government revenue; manages short-term borrowing or notes sold to banks or other investors; manages IRS Code compliance relative to tax-exempt bonds; monitors long and short-term financing requirements of a variety of quasi-public authorities; supervises the preparation of cash forecasts; formulates investment strategy for short-term investments; performs related duties as required.
KNOWLEDGE, SKILL AND ABILITY
Considerable knowledge of the principles and practices of public administration; considerable knowledge of the principles and techniques of government finance; considerable knowledge of current financial markets; considerable ability to analyze financial problems accurately and to develop effective courses of action; considerable ability to develop and implement creative and innovative responses to a changing financial and legal environment; considerable interpersonal skills; considerable oral and written communication skills.
MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE
Ten (10) years of professional level experience in financial management involving the preparation, organization and completion of complex financial transactions and the design and implementation of investment strategies.
MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE
Four (4) years of the above experience must have involved the coordination of various parties involved in executing bond issues or financial transactions of a complex nature.
MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED
1. College training in Business Management or a closely related field may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience up to a maximum of four (4) years for a Bachelor's degree.
2. A Master's degree in accounting, business management, finance, economics or public administration may be substituted for one (1) additional year of the General Experience.
JOB CLASS DESIGNATION
This replaces the existing specification for the same class in Salary Group MP 66 approved effective December 23, 1994. (Revised to modify content and adjust Salary Group)
6343A 10/5/11 cm