STATE OF CONNECTICUT EXECUTIVE BRANCH JOBS

Principal Debt Management Specialist

Recruitment #230327-6343MP-001

Introduction


The State of ConnecticutOffice of the State Treasurer exists to provide and ensure effective financial management of public resources, high standards of professionalism and integrity, and expand opportunity for State of Connecticut residents and businesses.  We are recruiting for a Principal Debt Management Specialist to work within the Debt Management Division. 

POSITION HIGHLIGHTS:

  • Schedule: Full-Time, 40 hours weekly
  • First Shift, Monday through Friday
  • Centrally located in Hartford, Connecticut
    NOTE:  Candidates selected for interview will be required to provide their two most recent performance evaluations, along with reference information (i.e. names and contact information).

    Selection Plan

    In order to be considered for this job opening you must be a current State of CT employee of the agency listed above for at least six (6) months of full-time service or full-time equivalent service, absent any applicable collective bargaining language, and meet the Minimum Qualifications as listed on the job opening.  You must specify your qualifications on your application.

    In order to comply with Public Act 21-69, the State of Connecticut is no longer asking for resumes during the initial application process.  Please ensure that your application is complete prior to submitting.  

    NOTE: At any point during the recruitment process, applicants may be required to submit additional documentation which support their qualification(s) for this position. These documents may include: a cover letter, resume, performance reviews, supervisory references, attendance records, etc., at the discretion of the hiring agency. Should you have questions pertaining to any phase of this recruitment, please contact Johnette Tolliver, johnette.tolliver@ct.gov.

    This posting may require completion of additional referral questions (RQ’s) which will be sent to you via email after the closing date. Please regularly check your email for notifications, including your SPAM/JUNK folders. You must reply by the deadline indicated on the notification or you will be automatically disqualified from consideration.

    Interviews will be limited to candidates whose experience and training most closely meet the requirements and preferred qualifications of the position.

    All application materials must be received by the recruiting agency by the time specified on the job opening for the position for which you are applying. Late applications may not be submitted and will not be considered. Exceptions are rare and limited to documented events that incapacitate a candidate during the entire duration of the job posting time period.  It is the candidate’s obligation and responsibility to request an exception and provide a legally recognized justification to accommodate such exception.  Requests should be made to das.shrm@ct.gov.

    PURPOSE OF JOB CLASS (NATURE OF WORK)

    In the Office of the State Treasurer, Debt Management Division this class is accountable for directing the issuance and management of the State's bonded debt and assisting in the direction of the division.

    EXAMPLES OF DUTIES

    • Assists in directing staff and operations of the Debt Management Division;
    • Serves as a subject matter expert and leader in one or more major bond financing programs having significant statewide impact;
    • Analyzes and interprets data and makes recommendations on policy decisions related to the public debt;
    • Studies impact of changes in amount, character and distribution of the public debt for its implications on credit conditions, interest rates or level and distribution of income;
    • Analyzes relationships of public debt securities to requirements of various classes of investors;
    • Oversees issuance of bonds in compliance with all pertinent statutory requirements of finance capital projects and adjusts bond maturities to 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 Internal Revenue Service (IRS) Code compliance relative to tax-exempt bonds;
    • Monitors long and short-term financing requirements of a variety of quasi-public authorities;
    • Oversees preparation of cash forecasts;
    • Formulates investment strategy for short-term investments;
    • Represents Assistant Treasurer in his or her absence;
    • Leads the recruitment and hiring of staff, including outreach, interview and selection;
    • Performs related duties as required.

    KNOWLEDGE, SKILL AND ABILITY

    • Considerable knowledge of
      • management principles and practices;
      • state and federal laws, statutes and regulations;
      • principles and practices of public administration;
      • principles and techniques of government finance;
      • current financial markets;
    • Considerable
      • interpersonal skills;
      • oral and written communication skills.
    • Considerable ability to
      • analyze financial problems accurately and develop effective courses of action;
      • develop and implement creative and innovative responses to a changing financial and legal environment.

    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 General 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

    • 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 to a maximum of four (4) years for a Bachelor's degree.
    • 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.

    PREFERRED QUALIFICATIONS

    • Strong leadership skills and experience leading a major State financing program.
    • Experience with state government processes including reading and interpreting state statutes and enabling legislation relative to state bonding and other fiscal controls that support the State's credit standing and overall governance structure.
    • Experience interpreting business terms included in complex legal documents relating to bond issues and other State programs. 
    • Understanding of the overall State fiscal position in sufficient depth so as to effectively communicate with rating agencies and investors.
    • Strong interpersonal skills - experience working collaboratively cooperatively and courteously with colleagues, other State agencies and members of the bond working groups.

    Conclusion

    AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

    The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.

    ACKNOWLEDGEMENT

    As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all-inclusive of every task and/or responsibility.