The Office of State Treasurer (OST) is an agency of Oklahoma state government created in the state constitution and headed by an elected State Treasurer. OST provides banking, investment, debt issuance, and unclaimed property services for state government with a staff of approximately 46 full time equivalent employees.
House Bill 1583 passed by the Legislature during the 2017 legislative session and signed by the Governor on June 1, 2017 consolidates the state agency of State Bond Advisor into the Office of the State Treasurer and places the State Treasurer on the Council of Bond Oversight effective November 1, 2017. It is the intent of the State Treasurer to fill the position of Deputy Treasurer for Debt Management prior to November 1, 2017 and to transition that position to the role of State Bond Advisor on November 1, 2017.
The State Bond Advisor is a position within the Office of the State Treasurer that reports directly to the State Treasurer and the Council of Bond Oversight. The Council of Bond Oversight is responsible for consideration of the immediate and long‐term fiscal impact of an obligation, the proposed method of sale, the structure of the issue and the public purpose to be served. The Council consists of the State Treasurer, two members appointed by the Governor, one member appointed by the Speaker of the Oklahoma House of Representatives, and one member appointed by the President Pro Tempore of the Oklahoma State Senate.
ESSENTIAL FUNCTIONS, DUTIES AND RESPONSIBILITIES
Reports directly to the State Treasurer and the Council of Bond Oversight
Responsible for the day‐to‐day operations of the Debt Management Division of the Oklahoma State Treasurer’s Office, including assignment of responsibilities of staff, which currently includes two (2) positions.
Responsible for initiating and maintaining effective relationships with state agency officials and administrators, legislators and their staffs, bond counsel, bond holders, financial advisors, bond rating agencies, and the financial and bond communities within the state of Oklahoma.
Responsible for providing state officers and legislators with advice and assistance on matters relating to capital planning, debt issuance and debt management.
Responsible for reviewing applications for financing and providing summaries of the requests to the Council at its monthly meetings. .
Responsible for coordination of State debt issuance and charged with the following duties:
(i) reviewing and commenting on all requests for proposals (RFP’s) for professional services;
(ii) approving fees and expenses paid to professional service providers;
(iii) providing technical advice to issuers on structuring and marketing of proposed obligations;
(iv) approving interest rates and reoffering yields on all negotiated transactions; and
(v) maintaining records of the State’s outstanding obligations
Assists the Office of Management and Enterprise Services (OMES) with staff support for the Long‐Range Capital Planning Commission
Responsible for development, review, and issuance of the Oklahoma Debt Affordability Study.
Responsible for development, review, and issuance of the State Bond Advisor’s Annual Report detailing state debt.
Provides guidance and support services to State Governmental Entities in the planning, structuring, and issuance of debt.
Represents the state before the rating agencies and credit enhancement providers;
Serve as a member of the Oklahoma Commission on School and County Funds Management.
Serve as a member of the Oklahoma Development Finance Authority’s (ODFA) Program Development and Credit Review Committee.
Responsible for management of the Oklahoma Private Activity Bond Allocation Program.
An incumbent in this class is responsible for directing the conceptualization, implementation and overall administration of the State’s Investment, Banking, and Debt Management programs (collectively, the Programs), as guided, defined and adopted by the Cash Management Policy Board (CMPB) and the State’s issuing Officers (collectively, Governing Institutions).
Essential functions are fundamental, core functions common to all positions in the class series and are not intended to be an exhaustive list of all job duties for any one position in the class. Since class specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.
The Senior Deputy Treasurer-South is responsible for the oversight and management of the Las Vegas Office and its divisions. The Senior Deputy oversees a staff of 18 employees and has two direct reports, the Deputy of College Savings and the Deputy of Unclaimed Property. The Senior Deputy is generally responsible for the following functions: secretary to the Nevada College Savings Board of Trustees, ABLE administrator, Financial Literacy Program Manager and the general oversight of the College Savings Programs Division and the Unclaimed Property Division.
The Senior Deputy Treasurer is also responsible for testifying before the legislature as necessary and for monitoring legislative activity. This position is responsible for requests for proposals, contract management and oversight and budget preparation and supervision.
The Senior Deputy Treasurer represents the Treasurer’s Office at specified public functions and meetings, including interview requests. A full listing of the duties is available upon request.
Location: Chicago, IL
Compensation: $76,000 salary with full state employee benefits
Qualifications: Law degree and active Illinois law license preferred
The Illinois State Board of Investment (ISBI) manages approximately $17 billion for Illinois state employee defined benefit plans as well as a state employee deferred compensation plan. This position works closely with ISBI’s general counsel and chief compliance officer, investment staff, board of trustees, and outside investment managers and vendors to implement ISBI’s statutory and contract compliance program. This role provides a great opportunity for professional growth in dealing with a broad array of legal issues while interacting with many government and private sector professionals.
Please address your application to Chris Brannan, General Counsel and Chief Compliance Officer, and send your materials to firstname.lastname@example.org.
The Office of the State Treasurer’s (OST) Debt Management Team leads the state’s efforts to issue bonds and enter into other financing contracts that support capital construction and transportation projects throughout the state. The main objective is to issue debt at low cost and risk by issuing debt at appropriate intervals and in reasonable amounts that support approved capital expenditures and the state lease/purchase program; determining the appropriate structure for debt issues; effectively presenting the state’s financial, management, and economic condition to investors and rating agencies; assuring the state complies with Internal Revenue Service (IRS), Securities and Exchange Commission (SEC), and Municipal Securities Rulemaking Board (MSRB) rules and regulations governing debt issuances; and refunding debt, as appropriate.
The OST is looking for an energetic and dynamic candidate with substantive and proven experience. Our ideal candidate will possess the following:
NAST is seeking a qualified candidate for the role of Executive Director. The Executive Director serves as Chief Executive Officer of the National Association of State Treasurers (NAST), headquartered in Washington, D.C., with a satellite office in Lexington, KY. The Executive Director and NAST staff also provide, by contract, staff services to the National Association of State Treasurers Foundation, a 501(c)(3) organization, which is an affiliate of NAST.
All applicants must submit a resume, cover letter and writing sample to email@example.com
Pennsylvania Treasury is seeking a Chief Investment Officer. With approximately $101 billion in assets, the department’s paramount responsibility is safeguarding and managing the state’s financial assets. The position reports to Treasurer Joe Torsella and will serve as a trusted counselor and advisor to the Treasurer with independent analysis and evaluation of financial transactions and investments of the State’s public pension funds and agencies. The ideal candidate will have at least five (5) years of broad investment expertise, along with strong analytical skills and experience in tactical and strategic asset allocation, to include cash and cash equivalents, fixed income, equities, real estate and alternative investments. A Bachelor’s degree in finance or related discipline is required. A Master’s degree, and/or CFA certification are preferred.
Detailed position specifications are available by clicking the link below:
To apply please email your resume to Lauren at firstname.lastname@example.org
The City of Worcester, the second largest City in Massachusetts with an annual budget of $600M, is seeking an experienced professional for the position of Treasurer and Collector to be responsible for the financial management, cash investments, debt service management, issuance of bonds, and administration of all City funds; supervise payroll and accounts payable; oversee collection of all City revenues, taxes, user fees, and parking tickets.
Minimum qualifications: BA/BS in Accounting, Finance, Public Administration, or related field; at least five years of related finance experience of which three years have been in a supervisory role preferably in a municipal finance setting, or an equivalent combination of education and experience; Master’s Degree preferred; CPA desired. Successful candidate must be bondable, have excellent communication skills and knowledge of state and federal regulations regarding municipal finance. Position requires permanent residency in the City of Worcester within one year of appointment. Salary Range is $90K-$139K with an excellent benefit package.
To apply, please visit: www.worcesterma.gov/employment or send resume and cover letter on or before Friday, April 28, 2017 to: City of Worcester, 455 Main Street, Room 109, Worcester, MA 01608. The City of Worcester is an EOE/AA employer. Preference is given to Worcester residents. The City of Worcester does not discriminate in its programs and activities on the basis of age, gender expression/gender identity, genetic information, marital status, color, national origin, language, physical or mental disability, pregnancy, race, religion, sex, sexual orientation, or veteran status, as application. Direct inquiries to: City Hall, Human Resources, Room 109, 508-799-1030, EEOAA@worcesterma.gov
** CLOSING DATE: April 30, 2017
The Maryland State Treasurer’s Office is seeking an Executive to serve as the Director of Treasury Management. This position is responsible for all activities performed by the Banking Services Unit as well as the Investment Unit. The person who will ultimately fill this position will be responsible for translating the agency mission and strategy into daily operations and building the organizational support needed to achieve that mission within the Treasury Management Division. Some of the principal duties include, but are not limited to the following:
• Managing the daily operations of the Banking Services Unit; including reconciliation of the State’s main bank accounts, processing of bank adjustments and posting of transactions in excess of $175 billion to the State’s general ledger annually.
• Managing the State’s $6.7 billion investment portfolio in order to meet the State’s daily liquidity requirements.
• Acting as a liaison between the banks and State agencies. Authorizing and implementing new services offered by the banks to solve problems identified by the agencies in their effort to serve the public.
• Ensuring protection of State funds on deposit through the monitoring of accounts and collateral balances.
• Drafting legislation relative to investments affecting public entities throughout the State.
• Performing monthly interest allocation from the State’s investment portfolio to State agencies
• Overseeing the $4 billion Local Government Investment Pool.
• Monitoring securities lending activities.
• Identifying the needs of the division and manage the professional development of the staff in order to facilitate the goals of the department.
• Independently analyzing the current operations and structure of various programs and systems and improve efficiency in providing services to all State agencies.
The chosen candidate will need to identify and support business transformation and productivity initiatives that improve efficiency and execute operations while leading, inspiring and developing a high quality, talented team capable of supporting the needs of the agency. Candidates must have excellent organizational, communication and people skills. Additionally, must be effective at team-building, and must be able to demonstrate the ability to work as a hands-on manager. The incumbent must possess the highest level of integrity and professional judgment. Candidates should possess a strong financial background.
This is a full-time position with MD State employment benefits which include: paid holidays, vacation, sick and personal days; medical and dental plans; pension plan; 401k/457 plans; employee credit union; direct deposit; paid parking.
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.
NAST Appointed to Congressional Task Force on Intergovernmental Affairs https://goo.gl/do8ZYR