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Executive VI

Recruitment #22-009606-0001


The constitutional and statutory provisions relating to the Office of the State Treasurer can be found in Articles I, III, V, VI, and XII of the Maryland Constitution; Title 5 of the State Government Article; and Titles 2 and 6-9 of the State Finance and Procurement Article. 


9906  (EPP3)


Annapolis, MD

Main Purpose of Job

This position serves as the Director of the Debt Management Division.

The Director of Debt Management is responsible for issuing, monitoring and managing the State’s General Obligation Bonds program, supervising the Statewide Capital Lease Financing program, coordinating Internal and External Reporting on all State Tax-Supported Debt as well as participating in the Statewide procurement of specified Financial Services.


Responsibilities include:
  • Coordinating issuance, management, and payment of debt service of State General Obligation Bonds
  • Serving as liaison with credit rating agencies
  • Tracking capital project authorizations, bond issuances and expenditures
  • Ensuring compliance with all IRS post-issuance requirements making prompt and complete disclosures
  • Coordinating the preparation of the debt service budget with the Department of Budget and Management
  • Preparing reports and financial documents such as Official Statements, Anticipated Debt Reports and Legislative Reports
  • Developing and implementing policies and procedures for Fixed and Variable Rate Debt, SWAPS and Taxable Debt
  • Assisting in the procurement of Financial Services to include Financial Advisors, Underwriters, Escrow Agents and Fiscal Agents
  • Staffing the Capital Debt Affordability Committee and the Commission on State Debt and supervising the preparation of the Annual Reports
  • Managing the Division of Debt Management including the work of 3 professional staff.


The ideal candidate shall have a Bachelor's Degree in Finance, Accounting, or related field.  


The ideal candidate should have at least 5 years of financial experience specifically in Debt Management and Public Finance, as well as 3 years experience with direct supervision of employees.  In addition, candidates should possess a demonstrated ability to communicate complex financial topics and work effectively with others; excellent written and verbal communication skills; familiarity with GAAP, GASB, and SEC reporting requirements; and experience with Bloomberg, Parity, Munease, EMMA and/or other Debt Management programs.  Post graduate work is also desirable.  Knowledge of State Government is highly preferred.


Hybrid telework options available after 90 days.

Candidates should be willing to work in the Annapolis area.


This is an Executive Service position, and serves at the pleasure of the Appointing Authority.


The assessment may consist of a rating of your education, training, and experience related to the requirements of the position. It is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position.

Please upload a resume with your application.


The State Treasurer's Office is one of three offices designated by the Maryland Constitution, and is one of the highest agencies in the Executive Branch of State Government.  As an Executive Director within the agency, this position has a tangible impact on the agency's ability to fund Statewide capital expenditures and maintain the State's AAA Bond Rating.

This is a full-time, permanent position and eligible for full State benefits, which include:
  • Flexible hours and hybrid teleworking
  • Paid holidays 12-13 per year
  • Generous paid leave package (annual, sick, personal and compensatory leave)
  • State Pension ("defined benefit" plan)
  • Tax-deferred supplemental retirement savings plans (401(k) and 457)
  • Free parking
  • Comprehensive, subsidized health, dental and prescription plans with little to no deductibles, free generic prescriptions, and free preventative health services
  • Flexible Spending Account plans for Health Care and Daycare
  • State Employees Credit Union

To learn more, click here:  



Any questions regarding this recruitment or the recruitment process may be directed to the STO Personnel Office at 410-260-7078. 

Click on a link below to apply for this position:

Fill out the Supplemental Questionnaire and Application NOW using the Internet. Apply Online
View and print the Supplemental Questionnaire. This recruitment requires completion of a supplemental questionnaire. You may view and print the supplemental questionnaire here.
Apply via Paper Application. You may also download and complete the Paper Application here.

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