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Financial Investment Program Specialist (#MABN01)
$44,755.00 Yearly Min / $55,944.00 Yearly Mid / $67,133.00 Yearly Max


Financial Investment Program Manager (#MABN02)
$54,827.00 Yearly Min / $68,534.00 Yearly Mid / $82,241.00 Yearly Max




Description of Occupational Work

This class series is responsible for the administration of the State’s defined contribution program which comprises the 529 College Investment Plan, 457 Deferred Compensation Program, 403(b) Tax Deferred Savings Programs, and 401(a) Retirement Savings Plan.

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.

  • Works with active and prospective participants in choosing appropriate program investments; explains functions, investment options, performance, investment comparisons, tax consequences, eligibility, emergency withdrawal, payout, and other related information.
     
  • Prepares and presents informative materials and seminars to active and prospective participants in order to explain and promote the State’s defined contribution program.  Conducts informative sessions for human resource and payroll representatives regarding processing applications, orientation of new or revised investment options and program promotion.
     
  • Monitors and analyzes defined contribution program performance.
     
  • Acts as liaison between councils/boards and the State’s investment companies; reviews, analyzes, evaluates, and recommends proposed plans to the appropriate councils/boards.
     
  • Ensures all monies are invested according to prescribed laws, rules, and regulations.
     
  • Reconciles accounting records to ensure accurate accountability of all funds.
     
  • Reviews and analyzes federal and state legislation; recommends revisions to the defined contribution program.
     
  • Troubleshoots electronic file transfers and investment funding issues.
     
  • Works with legal counsel on issues related to laws, rules, and regulations pertaining to the defined contribution program

Levels of Work

Financial Investment Program Specialist

This is the full-performance level.

  • Reports to a technical supervisor.
  • Performs the full range of work as described in the Essential Functions.

Financial Investment Program Manager

This level manages and directs the State’s defined contribution program at the state level.

  • Reports to an administrative supervisor.
  • Supervision is exercised over two or more merit full-time positions per the Merit Rules. The elements of supervision include planning, assigning, reviewing, evaluating, coaching, training, recommending hire/fire and discipline.
  • Plans, develops, implements, and monitors the State’s defined contribution program to ensure effectiveness and efficiency.
  • Acts as liaison with boards/councils to implement approved defined contribution program changes/revisions.
  • Coordinates all legal communication between the Office and our Deputy Attorney General/outside legal counsel regarding all aspects of defined contribution plans.
  • Plans and coordinates the delivery of all employee educational workshops, seminars, and informational materials concerning the State’s defined contribution program.
  • Ensures the State’s defined contribution program complies with applicable state and federal laws, rules, and regulations.
  • Contacts include DTI, PHRST, and the State’s investment companies for the purpose of ensuring the proper functioning of all aspects of the State’s defined contribution program.

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 applicable state and federal laws, rules, and regulations pertaining to the State’s defined contribution program.
  • Knowledge of financial investment principles and practices.
  • Knowledge of investment options and methods of determining investment performance/return.
  • Knowledge of Generally Accepted Accounting Principles (GAAP).
  • Knowledge of accounting principles, practices and methods used in government.
  • Knowledge of the principles and practices of long- and short-term portfolio account investment.
  • Knowledge of marketing strategies used to promote the State’s defined contribution program.
  • Skill in reviewing and interpreting financial information for the purpose of evaluating investment options.
  • Skill in performing complex financial calculations and comparative analyses.
  • Skill in dealing effectively with individuals from a variety of socioeconomic and educational backgrounds.
  • Skill in the presentation of oral, written, and visual materials.
  • Skill in using a financial automated information system to enter, update, modify, delete, retrieve/inquire, and report on financial data.
  • Skill in preparing accurate and concise financial reports.
  • Ability to analyze and evaluate financial reports, legislation and proposed/existing plans and to recommend and implement courses of action.
  • Ability to establishing and maintaining effective working relationships with active/prospective participants, personnel/payroll representatives, council/board members, investment companies, Cash Management Unit and support staff.

In addition to the above Knowledge, Skills and Abilities, Financial Investment Program Manager requires:

  • Knowledge of staff supervision which includes planning, assigning, reviewing, and evaluating the work of others.
  • Skill in managing a defined contribution program.
  • Skill in planning and coordinating the delivery of employee educational workshops, seminars, and informational materials concerning the State’s defined contribution program.
  • Skill in developing solutions and providing recommendations, guidance and direction to management/officials in accomplishing organizational and operational goals and objectives and identifying and resolving issues.
  • Skill in identifying and analyzing problems, needs and issues; assessing their impact; and recommending defined contribution program changes/revisions.
  • Skill in implementing defined contribution program changes/revisions.

Job Requirements

JOB REQUIREMENTS for Financial Investment Program Specialist
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:

  1. Three years experience in compiling, analyzing and interpreting financial data to ensure effective and efficient accounting of funds or to make projections for financial planning.
  2. Six months experience in presenting or facilitating workshops, seminars or educational sessions.
  3. Six months experience in interpreting laws, rules, regulations, standards, policies and procedures for defined contribution plans such as 529, 457, 403(b) or 401(a).
  4. Six months experience in using an automated financial management information system to enter, update, modify, delete, retrieve/inquire and report on data.
  5. Knowledge of investment options and methods.

CLASS:
MABN01
EST:
3/23/2009 12:30:00 PM
REV:
3/23/2009 12:30:00 PM
FORMERLY JOB CLASS:
75214

CLASS:
MABN02
EST:
3/23/2009 12:31:00 PM
REV:
3/23/2009 12:31:00 PM