Cash and Debt Manager
Recruitment #112922-MABZ47-100200
| Opening Date | 12/7/2022 12:00:00 AM |
|---|---|
| Closing Date | 12/21/2022 11:59:00 PM |
| Type of Recruitment | Open Competitive |
| Salary | Yearly: $66,416.00/Min - $83,020.00/Mid |
| Salary Plan | M37 |
| Pay Grade |
20 |
| Shift Hours | 8:00am - 4:30pm |
| Employment Type |
Actual Vacancy |
| Employment Term |
Regular |
| Agency | OMB/Office of Pensions |
| Location(s) |
McArdle Building: (860 Silver Lake Blvd, Dover, DE, 19904) |
| Contact Name | OMB/Human Resource Office |
| Contact Phone | 302-672-5190 |
| Telework Eligible | Yes |
Summary Statement
The Cash and Debt Manager directs the daily activities of the Investment/Accounting section of the Pension Office, which supports a multi-plan pension system with a $12 billion portfolio invested in a complex, diversified asset allocation. This position is a key contact with outside auditors, the actuary, investment consultants, and banks; and is the subject matter expert in governmental accounting and reporting. Additionally, the position directly oversees and supports cash flows, investment funding, reconciliations to information systems, maintenance of a separate financial reporting system, and compilation of the annual comprehensive financial report.
Essential Functions
- Participates with Cash Management Policy Board in the analysis, evaluation and prioritizing of cash management implementation plans developed by contracted consultants and directs the implementation of such plans.
- Drafts and publishes State's request for proposal for banking services; evaluates responses and negotiates contracts for required services.
- Negotiates and monitors performance of contracted investment managers.
- Develops and implements short-term portfolio management plans for general and special State funds not placed with contracted managers.
- Assists other State agencies by analyzing needs, identifying banking institutions capable of meeting same and reconciling differences.
- Develops and monitors cash flow forecasting systems to include monthly and annual dividend and interest income.
- Assists the State Treasurer and other bond issuing officers by responding to inquiries from bond rating services, commercial and investment banks regarding Delaware's financial operations and its economy.
- Plans, assigns, reviews and evaluates the work of subordinate staff conducting the daily and on-going business of the unit.
Job Requirements
JOB REQUIREMENTS for Cash and Debt Manager
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:
- Three years' experience in reviewing and interpreting financial information for the purpose of evaluating investment options and methods.
- Three years' experience in cash management.
- Three years' experience in public finance such as analyzing government revenue and expenditures, public trusts and investments, budgets and taxation; evaluating economic impact, making projections and recommending public policies.
- Six months experience in financial administration such as comprehensive analysis of programs, budgets, projects, services, alternatives, and costs; financial planning, revenue generation, revenue forecasting, expenditure forecasting, cash flow management and establishing internal control.
Conditions of Hire
Applicants must be legally authorized to work in the United States. The State of Delaware Executive Branch participates in the Federal E-Verify system where the State will provide the federal government with each new hires Form I-9 information to confirm that you are authorized to work in the U.S. For more information refer to our job seeker resources.
Benefits
To learn more about the comprehensive benefit package please visit our website at https://dhr.delaware.gov/benefits/
Selection Process
The application and supplemental questionnaire are evaluated based upon a rating of your education, training and experience as they relate to the job requirements of the position. It is essential that you provide complete and accurate information on your application and the supplemental questionnaire to include dates of employment, job title and job duties. For education and training, list name of educational provider, training course titles and summary of course content. Narrative information supplied in response to the questions must be supported by the information supplied on the application including your employment, education and training history as it relates to the job requirements.
Once you have submitted your application on-line, all future correspondence related to your application will be sent via email. Please keep your contact information current. You may also view all correspondence sent to you by the State of Delaware in the “My Applications” tab at StateJobs.Delaware.gov.