Cash and Debt Manager

Summary Statement

This position is responsible for overseeing and managing the State's cash management programs which involves the careful monitoring of the cash-flow models to effectively direct the allocation of State funds among various accounts - which is central to accurate and timely forecasting of dividend and interest income shared with the Delaware Economic and Financial Advisory Committee (DEFAC) six-times throughout the year.

Additionally, this position oversees processes and implements internal controls securing the timely and accurate settlement of the State's daily cash position which includes reconciling, troubleshooting, scheduling and contingency planning; effects wire(s) as requested to meet daily liquidity needs. On top of that, this position 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.

The office has just completed the implementation of a new Treasury Management System (TMS). This position / individual will be instrumental in the refinement of the use of the TMS within current cash position and cash flow forecasting processes for the office. This TMS system currently integrates banking and investment processes within one system and includes specialized calculations necessary to forecast cash position and provide real-time financial updates that are imperative to the state's decision making.

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.

• Participates with Cash Management Policy Board in the analysis, evaluation and prioritizing of cash management implementation plans developed by contracted consultants and directs the implementation of such plans.
• Drafts and publishes State's request for proposal for banking services; evaluates responses and negotiates contracts for required services.
• Negotiates and monitors performance of contracted investment managers.
• Develops and implements short-term portfolio management plans for general and special State funds not placed with contracted managers.
• Assists other State agencies by analyzing needs, identifying banking institutions capable of meeting same and reconciling differences.
• Develops and monitors cash flow forecasting systems to include monthly and annual dividend and interest income.
• Assists the State Treasurer and other bond issuing officers by responding to inquiries from bond rating services, commercial and investment banks regarding Delaware's financial operations and its economy.
• Plans, assigns, reviews and evaluates the work of subordinate staff conducting the daily and on-going business of the unit.

Job Requirements

JOB REQUIREMENTS for Cash and Debt Manager

Applicants must have education, training and / or experience demonstrating competence in each of the following areas :

Additional Posting Information

The main office is in the Webb Building with the Silver Lake Business Complex in Dove DE. Office of the State Treasurer (OST), also, has as smaller satellite office based in the Carvel State Building in Wilmington, DE.

Work samples will be requested to be brought to interview.

The State of Delaware recognizes the value of telework and flexible working schedules. This position is eligible for Telework and Alternative Work Schedules according to the State of Delaware's Alternative Work Arrangement Policy. More information will be shared at the time of interview.

Conditions of Hire

Applicants must be legally authorized to work in the United States. The State of Delaware Executive Branch participates in the Federal E-Verify system where the State will provide the federal government with each new hires Form I-9 information to confirm that you are authorized to work in the U.S. For more information refer to our job seeker resources.

Criminal background check : A satisfactory criminal background check is required as a condition of hire. The recruiting agency may require the applicant to pay for the criminal background check as part of the conditional offer of hire.

Benefits

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

Selection Process

The application and supplemental questionnaire are evaluated based upon a rating of your education, training and experience as they relate to the job requirements of the position. It is essential that you provide complete and accurate information on your application and the supplemental questionnaire to include dates of employment, job title and job duties. For education and training, list name of educational provider, training course titles and summary of course content. Narrative information supplied in response to the questions must be supported by the information supplied on the application including your employment, education and training history as it relates to the job requirements.

Once you have submitted your application on-line, all future correspondence related to your application will be sent via email. Please keep your contact information current. You may also view all correspondence sent to you by the State of Delaware in the "My Applications" tab at StateJobs.Delaware.gov.

Accommodations

Accommodations are available for applicants with disabilities in all phases of the application and employment process. TDD users may request an auxiliary aid or service by calling (800) 232-5470 or by visiting delawarerelay.com. You may also call (302) 739-5458 or email DHR_ADAConcerns@delaware.gov for additional applicant services support.

The State of Delaware is an Equal Opportunity employer and values a diverse workforce. We strongly encourage and seek out a workforce representative of Delaware including race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression.