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Director of Debt Management

Executive V

Recruitment #15-009605-0005

Introduction

The Maryland State Treasurer's Office is seeking an executive level individual who possesses excellent verbal & written communication skills and has a background in municipal debt management

GRADE

9905

LOCATION OF POSITION

Annapolis, Maryland

Main Purpose of Job

The Debt Management Division supports the Treasurer in her lead role in the Board of Public Works activity relating to the issuance and oversight of State debt and in her responsibility under Article VI, Section 3, of the State Constitution, for arranging the payment of principal and interest on State debt. Specifically, the Director is responsible for: adherence to all statutory requirements and SEC disclosure regulations, timely and accurate payment of principal and interest on general obligation bonds and leases, compliance with existing bond covenants and all applicable tax regulations, management of prudent financial risk, facilitating relationships with rating agencies to retain the AAA rating, and conformity with governmental best practices.

POSITION DUTIES

Responsibilities include:

  • Coordinate issuance, management, and payment of debt service of State General Obligation Bonds
  • Serve as liaison with credit rating agencies
  • Track capital project authorizations, bond issuances and expenditures
  • Comply with all IRS post-issuance requirements making prompt and complete disclosures
  • Coordinate the preparation of the debt service budget with the Department of Budget and Management
  • Prepare reports and financial documents such as Official Statements, Anticipated Debt Reports and Legislative Reports
  • Develop and implement policies and procedures for Fixed and Variable Rate Debt, SWAPS and Taxable Debt
  • Procure and Manage Financial Services to include Financial Advisors, Underwriters, Escrow Agents and Fiscal Agents
  • Staff  the Capital Debt Affordability Committee and the Commission on State Debt and supervise the preparation of the Annual Reports
  • Manage the Division of Debt Management including the work of 3 professional staff.

MINIMUM QUALIFICATIONS

Bachelor’s Degree in Finance, Accounting or a related field.  Post Graduate work preferred.

DESIRED OR PREFERRED QUALIFICATIONS

The ideal candidate will have ten (10) years of financial experience specifically in Debt Management, five (5) of which are in the Public Finance field, as well as five (5) years of direct management experience; demonstrated ability to communicate complex financial topics and work effectively with others; excellent written and verbal communication skills; familiarity with GAAP, GASB and SEC reporting requirements; and experience with Bloomberg, Parity, Munease, EMMA or other Debt Management programs.  Knowledge of State Government preferred.

LIMITATIONS ON SELECTION

Candidates must be willing to work in the Annapolis area; and

Candidates must pass a background investigation to include criminal, credit and driving history.

 

Conclusion

This is an Executive Service position which serves at the pleasure of the Maryland State Treasurer and her designated appointees.  State employment benefits are included, such as paid holidays, vacation, sick and personal days; medical and dental plans; pension plan; 401k/457 plans; employee credit union; direct deposit; paid parking. 

BENEFITS

FURTHER INSTRUCTIONS

The online application process is STRONGLY recommended.  If you do not have access to the Internet and need to fill out a paper application, please forward to:

Maryland State Treasurer's Office

80 Calvert Street, Room 109

Annapolis, Maryland  21401

Attention:  Human Resources or hr@treasurer.state.md.us or Fax to 410-260-4090.

General questions may be directed to the STO Personnel Office at 410-260-6382.

We thank our Veterans for their service to our country, and encourage them to apply.

TTY Users:  Call via Maryland Relay

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State's diversity




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