Ascensus College Savings is the leading provider of program management and administrative services in the 529 College Savings industry, and is currently serving 3.5 million accounts with over $70 billion in assets under administration. We have an unique opportunity for a professional who is willing to take their recently acquired MBA and advance their career to an executive level. This position reports directly to the Chief Operating Officer for the College Savings division, and is responsible for supporting the COO in managing all day-to-day operations of the business. This includes delivering on the annual operating plan to achieve company objectives; supporting and managing the overall budget for operations; vendor contracting and oversight; technology governance; and long-range strategic planning.
This highly visible role has direct involvement in the implementation of key decisions and must be able to communicate with all areas of the company, including members of the senior leadership team. The ability to apply critical thinking and analysis in support of maintaining superior operational performance is a core requirement of the role, particularly in a rapidly growing environment.
Job Functions and Responsibilities
• Support COO in managing the internal operations of the College Savings business; devise strategies and formulate policies to ensure that operating goals and objectives of the organization are met.
• Under the direction of the COO, manage the aggregate budget for operations, supporting operational leaders on their individual cost center needs and goals.
• Support operational managers on organizational planning and annual staffing plans, as well as the allocation of critical resources against strategic objectives.
• Identification, evaluation, and prioritization of potential IT investments in ways that drive business value.
• Lead or support the successful negotiation of vendor contracts for critical outsourced functions of the business.
• Partner with and build relationships among key stakeholders, including technology, client services, investment operations, finance, business development, legal, compliance, relationship management and marketing colleagues.
• Build presentation decks in support of strategic initiatives, including the creation and maintenance of an annual product roadmap for the proprietary 529 College Savings platform.
• Maintain professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks etc.
• Identify, track, and monitor key performance metrics and recommend operational changes to improve performance.
• Work with Risk Management team to track internal or vendor incidents impacting business performance, and track to resolution.
• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
• The I-Client philosophy and the Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture
Experience, Skills, Knowledge Requirements:
• Bachelor’s and MBA (or relevant advanced degree) required.
• 8- 10 years’ experience in financial services industry with 10 + years’ experience in operations management roles
• Proven leadership experience, with solid decision making skills
• Experience building presentation decks for clients and executive management
• Demonstrated experience and knowledge of the legislative/regulatory environment in the financial industry
• Excellent written and verbal communication skills; must be able to build and maintain strong relationships with a variety of internal and external counterparts
• Ability to negotiate and experience influencing senior stakeholders
• Ability to assimilate to new experiences, learn quickly and absorb a steep growth curve
• Must be results oriented and move fast to meet client needs
• Some travel may be necessary as business need arises
• FINRA Series 6 or 7 and Series 24 or 26 licenses preferred
Ascensus is a place to have a career, not just a job. As the largest US independent retirement and college savings services provider, we put our focus on people. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity. When you join our team, you get to go to work every day knowing that you help over 6 million Americans save for retirement and college.
We are proud to be an EEO employer M/F/D/V.
The Director of Financial Operations is responsible for safeguarding the Agency’s financial assets, for overseeing internal controls, and for ensuring the efficient customer servicing operations for the Agency. This includes the proper receipt and timely processing of account holder applications and contributions as well as the distribution of payments to account owners, beneficiaries or higher education institutions. This position also directs the customer service center, ensuring accurate and informed responses to customer inquiries.
The incumbent will be responsible for Asset Management in the Office of Finance and Treasury. The incumbent will advise and assist the Deputy CFO and Treasurer regarding all of the inflows, outflows and investment of funds, including operating funds and funds that are designated for specific purposes; the various pension and college plans under the purview of OFT; and the District’s unclaimed property program. In addition, duties include but are not limited to:
• Administering activities and operations of OFT, under the direct supervision of the Treasurer.
• Incumbent will take direction from the Treasurer, but will have significant autonomy to manage the functions under his/her authority, within the parameters of the legal requirements and policy guidelines established by the Chief Financial Officer and the Treasurer.
• Managing the financial assets and transactions of the District, including a) cash management, account funding and investment of working capital/operating funds; b) special investment/savings programs; and c) the unclaimed property program and Accounting unit for OFT, by managing the units and managers that manage those functions and programs.
• Managing the District’s cash and liquid assets, ensuring that accounts are properly funded as needed to meet the District’s payment obligations and managing the process of executing wire transfers initiated by OFT and various District agencies.
• Managing the District’s investment of all cash balances, specifically the District’s short term Investment Portfolio in the most efficient and effective manner, in accordance with the District’s Deposit and Investment Act and investment policy guidelines, including managing the OFT’s relationships with the broker/dealers and banks in which the District does investment business. Managing the Administration of District’s 401(a) defined contribution plan, 457 deferred compensation plan, 529 college saving plan, and other post-employment benefits (OPEB) plan, including managing the outside firms that provide professional assistance and plan administration, management, and/ or investment services to these plans/programs; working effectively with the Executive Office of the Mayor and/or the OffiGe of Human Resources on various matters associated with these programs, as appropriate; and producing reports for, and responding to inquiries from, constituents/stakeholders in these programs.
• Managing the District’s unclaimed property unit and program to ensure the unit responds to inquires timely and collects from holders efficiently and effectively.
• Managing the process of ensuring that all transactions executed by the Asset Management division are timely and accurately accounted for and entered into the District’s financial accounting system.
• Assisting and advising the Treasurer regarding his/her role and duties associated with the DC Retirement Board by providing advice and assistance on pertinent management and investment issues under the Board’s purview.
• Assisting in the periodic review and updating of financial policies and procedures for the functions under his/her management. Advising and making recommendations to the Treasurer regarding the functioning and business processes/practices of the units/programs under management. Preparing, or managing the preparation of, reports on the District’s financial position and reports on the performance and status of all functions under management.
• Drafting testimony for hearings before the District’s City Council, on behalf of the Treasurer, regarding the performance and current status of the functions under management.
• Initiating requests for filling vacancies, participating in selection of new personnel, recommending promotions or reassignments, resolving grievances within the division, and conducting informal or formal training sessions.
• Performs other related duties as assigned.
The ABLE and Special Programs Manager oversees the Colorado ABLE, 529 Scholarship and Matching Grant programs for CollegeInvest. This position interacts with staff, external vendors and customers to ensure the needs of CollegeInvest are being met. The ABLE and Special Programs Manager works to ensure compliance with federal, state and CollegeInvest regulations, policies and procedures.
SCOPE OF AUTHORITY
The ABLE and Special Programs Manager is responsible for the initial development and ongoing management of the Colorado ABLE program, including creating the overall strategic and operating plans, leading the selection of a plan manager, data base and web development, sales and outreach. In addition, this position is responsible for the 529 Scholarship and Matching Grant programs, accurate and timely delivery of funds, along with relationship development with community and education partners, marketing, customer service and reporting.
Deadline for Submissions is February 10, 2017
The Tuition Plan Consortium, sponsor of Private College 529 Plan (the only 529 plan sponsored by private colleges and universities, not by a state government), seeks an ambitious and experienced leader to serve as its next President and Chief Executive Officer. The President and CEO will be an experienced, entrepreneurial leader who is a skilled relationship manager, a clear and effective communicator, and experienced sales/advocacy professional with a vision for advancing the organization to the next level. The individual who will be most successful in this role will have a commitment to the value of private higher education, an appreciation of the challenges facing students and families regarding college affordability, business acumen to manage and lead the various constituencies with which he or she will interface in this complex organization, and an ability to increase sales of Private College prepaid tuition.
Position Overview and Responsibilities
Reporting to the Chair of the Board of Directors, the President and CEO has responsibility for the continued growth and long-term success of the TPC and Private College 529 Plan. The primary role of the position is to achieve ongoing growth in the number of Private College 529 accounts and in total assets under management. Working collaboratively with educational leaders at private colleges and universities throughout the United States, the President and CEO will also lead efforts to increase the number of institutions participating in the Plan. Leadership of the TPC also involves a sustained relationship with OFI Private Investments, Inc. The President and CEO works with legal counsel, regulatory agencies (including the Securities and Exchange Commission and U.S. Department of the Treasury), and TPC board committees to continue to improve the attractiveness of the product offering and to implement and monitor the investment performance of plan assets.
The President and CEO works in partnership with the Board of Directors to develop and implement strategic plans and to set organizational goals. He or she will have responsibility for leading and maintaining an effective organization that ensures sound, prudent fiscal management and efficient, effective delivery of services to member institutions and to account owners in Private College 529 Plan.
The key accountabilities of the President and CEO include:
CALIFORNIA SECURE CHOICE RETIREMENT SAVINGS INVESTMENT BOARD
Under the direction of the Chairperson, to provide policy, program and technical direction to the California Secure Choice Retirement Savings Investment Board in its purposes:
Develop, establish, administer and manage the California Secure Choice Retirement Savings Trust, and other programs administered by the Board, including the Retirement Investments Clearinghouse.
Develop and manage budget programs and staff to support administration of the program:
a) to assemble, review and analyze financial, legal and economic data and information which may have a bearing on the program, including the setting of minimum and maximum investment levels;
b) to advise and make recommendations to Board Members on policy issues related to pertinent features of the program.
Enter into and oversee contracts on behalf of the Board with purchasers and develop external service contracts for actuaries, marketing firms, consultants, investment advisors, auditors, etc., including a contract with a program manager for the Trust, providing investment, recordkeeping and marketing services.
Adopt regulations and undertake other duties, applicable to the California Secure Choice Retirement Savings Trust Act;
Conduct any business necessary for the efficient operation of the Board.
The Board consists of nine members including the State Treasurer, who is designated as Chairperson, the Director of Finance, the State Controller and six appointed members: an individual with retirement savings and investment expertise appointed by the Senate Committee on rules; an employee representative appointed by the Speaker of the Assembly; a small business representative appointed by the governor; and three additional members appointed by the Governor.
Maryland 529 is an independent State Agency responsible for administering two IRC Section 529 College Savings Plans – the Maryland Prepaid College Trust and the Maryland College Investment Plan. The Maryland Prepaid College Trust (MPCT) is a “defined benefit” type plan and the Maryland College Investment Plan (MCIP) is a “defined contribution” type plan, both of which are designed to provide ways for families to save for future college expenses and reduce reliance on future student loan debt. In addition, the agency will be taking on the role of administering the State’s 529A program created by the ABLE Act and designed for Americans living with disabilities. The agency is overseen by an 11 member Board of Directors and the Executive Director. This position is responsible for investment oversight and management of cash allocations in plan portfolios to ensure the Board of Directors’ investment allocations and investment policies are followed, and to maintain the financial integrity of the plans while upholding fiduciary obligations. The Director of Investments and Cash Management monitors all activities of agency investments; is responsible for the adherence to investment policies and procures approved by the Board; ensures the accurate and timely processing of all cash management and investment transactions with regard to the agency’s cash flows.
REQUIRED EDUCATION AND EXPERIENCE:
DESIRED EDUCATION AND EXPERIENCE:
This position is located in downtown Baltimore, reports to the Executive Director, and advises the Maryland 529 Board. State employment benefits include paid holidays, vacation, sick and personal days; medical and dental plans; pension plan; 401k/457 plans; paid parking; employee credit union; direct deposit. All candidates will be subject to a background investigation to include criminal and credit history.
For immediate consideration, please submit a RESUME and COVER LETTER by October 28, 2016 to:
Maryland State Treasurer’s Office, Attn: Human Resources, 80 Calvert Street, Room 109, Annapolis, Maryland 21401 or email@example.com or FAX: 410-260-4090. Indicate the recruitment name for which you are applying. Questions may be directed to Shelly Reid at 410-260-7078.
As an equal opportunity employer, the State is committed to recruiting, retaining and promoting employees who are reflective of its diversity.
Annual salary range: up to $168,861
The City provides an array of benefits.
Application deadline: Open until filled – First review of resumes 10/28/2016
The City is seeking a dynamic public finance professional to manage a high-performing treasury management team, $1.5 billion in investments, $5.1 billion in outstanding debt, and revenue collection efforts totaling over $350 million.
With nearly one million residents, San José is the third largest city in California and the 10th largest in the country. Located roughly 50 miles south of San Francisco, the City enjoys an average of 300 days of sunshine a year and has received accolades for its living and working climate from publications including Business Week and Money magazines as well as other national media.
The Deputy Director is a key member of the Finance Department’s Senior Staff Team and plays a primary role in managing the day-to-day operations and functions of the Treasury Division. He/she will be expected to plan and support the strategic direction of the Department and Division, manage special projects, and oversee the effective delivery of numerous complex financial functions. The Deputy Director leads a team consisting of a Division Manager, Investment Officer, Debt Administrator, and Banking Manager, while having regular interactions with the City Manager’s Office, Budget Office, and operating departments providing regular exposure to senior level management. A Bachelor’s degree in business, public administration, finance, economics or a related field and six (6) years of financial, public administration, or business management experience is expected. Management supervisory experience and a Master’s degree and/or formal leadership training and education will be considered favorably.
To be considered, please immediately submit a cover letter, list of six work-related references, current salary and resume to:
CPS HR Consulting
Tel: 916 471-3126
This Deputy position oversees all activities of STO Investments. It is responsible for adhering to all statutes, regulations and policies governing the investment and safekeeping of public funds. Additional responsibility lies in ensuring the accurate and timely processing of all cash management and investment activities with regard to the State’s $565+ billion dollar cash flow and the $8+ billion dollar investment portfolio. This position is also charged with strategizing, developing and implementing policies and procedures which promote automation in all areas of cash management.
This position will provide direct guidance and coaching to all employees within the Investment Unit.
All debt issuance, analysis, capital lease purchasing and the payment of debt service is managed by the Division of Debt Management in the Maryland State Treasurer’s Office (STO). Maryland has approximately $9.5 billion in General Obligation Bonds outstanding which are rated AAA (the highest rating possible) by all three rating agencies. This position is the Deputy Director, which reports directly to the Director of Debt Management. The Deputy supervises all activities of Division staff and performs all tasks related to the management of the State Debt program in the absence of the Director. Additionally, this position is responsible for management of the Annuity Bond Fund which has annual expenditures in excess of $1 billion, assists in the coordination of the Division’s post issuance compliance activities, and provides support and assistance to the Director in the analysis and production of various financial, cash and debt-related data. This position must continuously calculate different interest rate scenarios in order to make recommendation to the Director of the most cost effective type of bond issuances while assessing the impact of various scenarios on ABF balances.
Educational Requirements: Possession of a Bachelor’s Degree from an accredited four-year college or university.
The Ideal Candidate Should Have: