DEPUTY TREASURER FOR MARYLAND 529
Executive VII
Recruitment #24-009627-0002
Department | Treasury - Maryland 529 |
---|---|
Date Opened | 6/4/2024 1:21:00 PM |
Filing Deadline | 6/21/2024 11:59:00 PM |
Salary | $119,746.00 - $173,086.00/year |
Employment Type |
Full-Time
|
HR Analyst | Michele Reid |
Work Location |
Baltimore City
|
Telework Eligible | Yes |
Introduction
could be the next leader of the State’s only
authorized
tax-sheltered savings plans for college and for
disabilities
is looking for it's next leader. The division is a part of the
Maryland State Treasurer’s Office, and is responsible for administering three
IRC Section 529 savings plans – The Maryland Senator Edward J. Kasemeyer
Prepaid College Trust (MPCT) which is a defined benefit plan, and the Maryland
Senator Edward J. Kasemeyer College Investment Plan (MCIP) which is a defined
contribution 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; as well as the Maryland Achieving a Better Life Experience Plan (ABLE)
which is a defined contribution plan that helps individuals with disabilities
save money and pay for qualified disability expenses without jeopardizing State
or federal means-tested benefits such as SSI or Medicaid. All three plans are managed by third party
associates, under the direction of the Deputy Treasurer for Maryland529 and
oversight of the Maryland State Treasurer and Chief Deputy Treasurer.
GRADE
LOCATION OF POSITION
Main Purpose of Job
POSITION DUTIES
Responsibilities
include but are not limited to:
- Under the direction of the Chief Deputy
Treasurer, plans, organizes and directs all operations of the
programs. This oversight requires
the Deputy Treasurer to maintain an intimate knowledge of all functions of
the MD529 plans and division operations, including the impacts of
marketing, contractual relationships, and customer service on plans as
well as current and future participants.
- Establishes and maintains overall
program goals, standards and controls to accomplish the mission of the
division’s programs as defined by the Treasurer, and oversees their
achievement. Establishes short and
long-range strategic goals for the plan programs.
- Leads the relationships between the
State Treasurer’s Office and the plan program managers, assesses program
managers’ performance according to their contracts and established goals,
works with upper management and program managers on continuous improvement
and resolution of problems and deficiencies
- Assists the Chief Deputy Treasurer on
identifying needs and securing a wide range of outsourced services,
including program managers, investment managers, financial advisors,
actuary expertise, and marketing firms
- Works closely with the Treasurer’s
Office Budget & Accounting and Investments divisions to oversee the
financial and accounting transactions and recordkeeping of the plans in
order to ensure compliance with the Treasurer’s fiduciary responsibilities
and national accounting/financial recordkeeping standards. Oversees legislative and independent
financial audits.
- Ensures that Maryland 529 programs
remain current with 529 Plan industry practices and regulations. Serves as the lead representative for
Maryland’s 529 plans in national industry associations such as the College
Savings Plans Network (CSPN) and the Able Savings Plans Network (ASPN).
- Recommends plan enhancements and policy
improvements to the Chief Deputy Treasurer, implementing as approved.
- Manages personnel and budgetary
resources of the division and advises the Chief Deputy Treasurer on
organizational structure and staffing needs. Directly supervises division management
staff. Creates a positive work
environment for the division staff.
Maintains a positive reputation for the Maryland 529 plans among
the staff and citizens of Maryland, the Maryland General Assembly, and the
local, regional and national media.
MINIMUM QUALIFICATIONS
The ideal candidate will have a Master’s Degree in
business or a related field, as well as a minimum of 5-10 years of progressive
management experience in a financial or executive leadership position.
DESIRED OR PREFERRED QUALIFICATIONS
In addition, preference will be given to candidates
who possess an understanding of and experience in managing IRC Section 529
plans and programs, a background in financial operations and management, and/or
an understanding of and experience with contract management, overseeing
outsourced services/programs.
COMPETENCIES INCLUDE:
- Proven experience in financial data analysis with strong financial management background; experience working with financial, investment and accounting staff to oversee transactions and recordkeeping; experience overseeing financial audits and preparing audit responses.
- Proven experience in public speaking and giving presentations to groups such as government or elected officials, corporate boards, community leaders, sponsors and/or other key stakeholder groups.
- Proven ability to work effectively as a team member, leader and in creating a positive workplace environment and culture.
- Proven ability to work independently, apply and interpret laws, policies and procedures and use of good judgment in evaluating and making decisions.
- Proven ability to effectively prioritize tasks, estimate time frames, meet deadlines, plan and use available resources, and coordinate work assignments with others.
- Proven experience in working for and with a Senior Management Team.
- Proven experience in procurement and contract management.
- Proven ability to communicate effectively and maintain a courteous attitude toward the public and employees.
- Demonstratable knowledge of principles and processes for providing customer and personal services including needs assessment techniques, quality service standards, alternative delivery systems and customer satisfaction evaluation techniques.
LIMITATIONS ON SELECTION
Conclusion
SPECIAL REQUIREMENTS
SELECTION PROCESS
BARGAINING UNIT STATUS
BENEFITS
WHY WORK FOR THE STATE OF MARYLAND?
- Job stability and
pinnacle experience (we are a State Constitutional Office)
- Ability to make your
mark through public service
- Hybrid teleworking
schedules
- Paid holidays 12-13
per year
- Generous paid leave
package (annual, sick, personal leave)
- State Pension
("defined benefit" plan)
- Tax-deferred
supplemental retirement savings plans (401(k) and 457) The State will match employee
contributions of deferred supplemental retirement savings up to $600 per
fiscal year.
- 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
- Direct Deposit
- Free parking in the
Baltimore area (main office location)
FURTHER INSTRUCTIONS
All job opportunities within the
Maryland State Treasurer’s Office are accessible through JobAps, the Statewide
Recruitment, Examination and Applicant tracking system. Go to https://jobapscloud.com/MD/ to apply.
Electronic application is strongly preferred; however, if you do not
have access to a computer, you may send a copy of your resume by email to
hr@treasurer.state.md.us or fax to 410-260-4090.
Any questions regarding this recruitment or the recruitment process may be directed to the State Treasurer’s Office, Human Resources Office, at 410-260-7078.
As an equal
opportunity employer, Maryland is committed to recruiting, retaining and
promoting employees who are reflective of the State’s diversity.