Assistant Cash/Debt Manager

The Office of State Treasurer is looking for an experienced special payments manager to support ongoing responsibilities within the Operations and Fund Management division. This class is responsible for the daily administration of the States cash and debt programs as guided defined and adopted by the Cash Management Policy Board (CMPB). This role is primarily responsible for the oversight and accounting of the States special funds management processes including the processing of grant in aid police pension insurance and other miscellaneous special payments to state agencies. First State Financials (FSF) experience is highly desirable in this role.

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.

• Assists the Division Director with strategic planning development and implementation of existing and new programs.
  
• Reviews analyzes and applies federal and state laws rules regulations policies and procedures to the administration of the programs and recommends revisions to governing documents as changes are anticipated.
  
• Defines prepares and monitors cash-flow models to effectively direct the allocation of State funds among the Collection and Disbursement Accounts Liquidity Accounts and Reserve Accounts (collectively Cash Accounts) pursuant to The Statement of Objectives and Guidelines for the Investment of State of Delaware Funds (Guidelines) set by the Board.
  
• Oversees processes and implements internal controls securing the timely and accurate settlement of the States daily cash position which includes reconciling troubleshooting scheduling and contingency planning; effects wire(s) as requested to meet daily liquidity needs.
  
• Plans coordinates supervises monitors and evaluates program activities to ensure effectiveness and efficiency. Uses program performance analysis to formulate and present recommendations for improvements.
  
• Acts as liaison between third party providers and active and prospective participating agencies and educates on eligibility permitted requests allowable investments and other matters ensuring that the components of the cash and debt programs are properly communicated are competitive with peer programs comply with all regulatory requirements are administered in accordance with governing documents guidelines and processes and that plan expenses are reasonable.
  
• Acts as contract manager assisting in developing request for proposals to select providers monitoring progress and performance authorizing payments consistent with the contract terms documenting significant events and maintaining appropriate records.
  
• Monitors receipts disbursements and balances of fund in deposit with the state for cash flow purposes and interest earnings income projections. Prepares reports of funds available for investment interest earnings and special interest refunds.
  
• Performs debt management supporting activities which include maintenance of records for authorized unissued reverted abandoned and issued bond projects according to General Assembly authorizations; preparation of amortization tables for debt service of State agencies projects included in a bond sale; projection of cash flow requirements from capital improvement programs to inform Director of Bond Finance and/or Bond Issuing Officers regarding funding of capital projects and the timing of bond sales; administration of principal and interest payment procedures for the States General Obligation Bonds; others as required.
  
• Identifies school and/or other special funds on deposit with the State eligible to receive interest and calculates distributes records reports and audits interest payments to ensure compliance with enabling legislation and internal procedures.
  
• Oversees the preparation and delivery of reports in compliance with the accounting and financial requirements promulgated by the Governmental Accounting Standards Board (GASB) including but not limited to the standards provided for the preparation and content of the States Annual Comprehensive Financial Report (ACFR).
  
• Formulates and coordinates the delivery of informative sessions educational workshops seminars trainings and informational materials concerning the Plans for a variety of audiences.
  
• Coordinates the execution of on-demand payments on behalf of state agencies and other organizations such as grant-in-aid municipal street aid fire police pension and special law enforcement assistance fund.
  
• Ensures accurate accountability of funds and investment of assets in accordance with applicable service agreements and in compliance with all applicable and prescribed laws regulations and rules.
  
• Supports preparation of the budget financial statements and audits for the Division and the programs.
  
• Troubleshoots functional and/or technical issues affecting regular activities of the programs.
  
• Provides administrative support for requests submitted to or by the Deputy Attorney General and/or outside legal counsel concerning various aspects of the Plans.

JOB REQUIREMENTS for Assistant Cash/Debt Manager
Applicants must have education training and/or experience demonstrating competence in each of the following areas:

1. Possession of a Bachelors degree or higher in Accounting Business Administration Economics Finance Business Management Computer Information Systems or related field.
2. 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.
3. Three years experience in developing solutions and providing recommendations guidance and direction to management/officials in accomplishing financial program and organizational and operational goals and objectives and identifying and resolving issues.
4. 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.
5. Six months experience in presenting or facilitating workshops seminars or educational sessions.
6. Six months experience in using an automated financial management information system to enter update modify delete retrieve/inquire and report on data.

To learn more about the comprehensive benefit package please visit our website at Process

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