State of Connecticut Executive Branch

Debt Management Specialist (2377MP)

$57.52-$78.43 Hourly / $4,601.04-$6,273.68 BiWeekly /
$120,087.00-$163,743.00 Yearly

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Office of the State Treasurer this class is accountable for directing the development of debt policy for one or more of the State's borrowing programs.

SUPERVISION RECEIVED

Receives administrative direction from an Assistant Treasurer.

EXAMPLES OF DUTIES

  • Directs development of debt policy for one or more of the State's borrowing programs;
  • Acts as a specialist in coordinating structures and schedules for debt offerings of State and State related borrowers including quasi-public agencies, as appropriate;
  • Interfaces with the Office of the State Comptroller, the Office of Policy and Management and other state agencies involved in the debt issuance process, internal and external auditors as related to debt management issues;
  • Manages short-term borrowing program;
  • Monitors cash and bond accounts and any earnings for compliance with United States Treasury regulations;
  • Monitors ongoing compliance of state debt programs including disclosure and legal requirements;
  • Responds to inquiries from financial analysts, bond holders, rating agencies and citizens on state debt matters;
  • Develops administrative policies and coordinates professional contracts with tax experts including verification agents and law firms that assist the State in critical areas of tax law compliance;
  • Monitors outside financial and legal consultants on various financing program issues;
  • Participates in the recruitment and hiring of staff, including outreach, interview and selection;
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

  • Considerable knowledge of
    • principles and practices of public administration;
    • principles and techniques of government finance, accounting, budgeting and tax-exempt regulations;
  • Knowledge of database management systems for financial reporting;
  • Considerable
    • interpersonal skills;
    • oral and written communication skills;
  • Considerable ability to
    • manage and direct work groups;
    • accurately analyze financial issues and complex derivative and investment products and develop effective courses of action;
    • develop and implement creative and innovative responses to a changing financial and legal environment;
  • Ability to
    • communicate ideas both orally and in writing.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Eight (8) years of professional level experience in financial management involving the preparation, organization and completion of complex financial transactions and the design and implementation of investment strategies.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

Two (2) years of the General Experience must have involved the coordination of various parties involved in executing bond issues or financial transactions of a complex nature.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

  • College training in business management or a closely related field may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
  • A Master's degree in accounting, business management, finance, economics or public administration may be substituted for one (l) additional year of the General Experience.

JOB CLASS DESIGNATION

Classified/Competitive

OCCUPATIONAL GROUP

(01)-Accounting/Auditing

BARGAINING UNIT

(02)-MANAGERIAL

EEO

(2)-Professional

SALARY INFORMATION

MP 69

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes.  As such, a job class is not meant to be all-inclusive of every task and/or responsibility.

CANCELLATION CLAUSE

This replaces the existing specification for the class of Debt Management Specialist in Salary Group MP 69 approved effective October 21, 2011. (Revised to add Acknowledgement section and modify content) Final No. 22-007

EFFECTIVE DATE

04/22/2022
CLASS: 2377MP; EST: 3/11/1988; REV: 10/5/2022;