Assistant Cash/Debt Manager (#MABZ29)
$54,827.00 Yearly Min / $68,534.00 Yearly Mid / $82,241.00 Yearly Max

Summary Statement

This is financial management work implementing a State cash or debt management program.

Nature and Scope

This is financial management work at the administrative level implementing a State cash and/or debt management program. The incumbent in this class reports to the Cash and Debt Manager and is responsible for providing financial analysis to enable the Cash Policy Management Board to ensure a maximum return on the State's investments and for preparing and bringing to market State general obligation bond issues and servicing of the debt after issuance. A significant aspect of the work involves contact with governmental officials, banking and financial institution officials, Legal Counsel, bond underwriters and bondholders.

Essential Functions

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.
  • Maintains and monitors all records for authorized, unissued, reverted, abandoned and issued bond projects per General Assembly authorizations.
  • Monitors, analyzes and evaluates investment performance of contracted investment managers.
  • Monitors the performance of banks in the provision of contracted banking services to ensure that performance standards are met and the State is charged correctly through fees, compensating balances or both.
  • Accounts for all special funds of the State in deposit with State Insurance which receive interest to monitor monthly receipts, disbursements and balances for cash flow purposes and interest income projections.
  • Amortizes and allocates debt service for all State agencies for which bonds were sold; following sale, amortizes bond issue to verify willing bid and advises Bond Issuing Officers of the verification of bids.
  • Prepares various reports including forecast of funds available for investment on a monthly basis and projections of interest earnings and special interest refunds.
  • Assists in development of a statewide cash and debt management plan and assists State agencies in developing methods of processing and deposition receipts.
  • Conducts cash flow forecasting for Capitol Improvement Program to advise Bond Issuing Officers when bonds sales will be required to continue funding of capitol projects.
  • Oversees the settlement of the State's daily cash position.
  • Administers program to identify and record school district share of funds on deposit with the State that are eligible for interest; calculates and audits interest in accordance with enabling legislation.
  • Administers procedures for paying all principal and interest on the State's General Obligation Bonds.

Knowledge, Skills and Abilities

The intent of the listed knowledge, skills and abilities is to give a general indication of the core requirements for all positions in the class series; therefore, the KSA’s listed are not exhaustive or necessarily inclusive of the requirements of every position in the class.
  • Knowledge of corporate and public finance including investment potential of bonds, debentures, government securities and other investment instruments.
  • Knowledge of applicable laws, rules, regulations, policies and procedures pertaining to financial management programs.
  • Knowledge of the methods and techniques of administering a financial management system.
  • Knowledge of various computer systems utilizing spreadsheet programs.
  • Knowledge of the methods and techniques of financial analysis and forecasting.
  • Knowledge of the methods and techniques of negotiating and monitoring bond paying agents and financial investment contracts.
  • Skill in analyzing and evaluating financial management reports, contracts, bond and money markets and investments.
  • Skill in the use of spreadsheets and various software packages.
  • Ability to interpret, apply and explain the applicable laws, rules, regulations, policies and procedures pertaining to financial management programs.
  • Ability to analyze and evaluate financial reports, contracts, bond and money markets and investments.
  • Ability to prepare reports/statements and maintain records.
  • Ability to establish and maintain effective working relationships with superiors, subordinates, members of the banking and financial community, governmental officials and the general public.
  • Ability to communicate effectively both orally and in writing.

Job Requirements

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. Six months 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. Six months experience in reviewing and interpreting financial information for the purpose of evaluating investment options and methods.
  4. Six months experience in cash management.