Financial Manager II

State Treasurer•Wake County, NC

16d

About The Position

Our mission is to preserve, protect and sustain the state’s pension and healthcare plans, generate investment returns in excess of comparable public pensions, properly account for and report on all funds that are deposited, invested, and disbursed through the North Carolina Department of State Treasurer, assure the financially sound issuance of debt for state and local governments, maintain the state’s “AAA” bond rating, and provide exemplary service across all divisions of the Department. Position is responsible for all debt management tasks associated with the issuance, repayment, reporting (financial & regulatory) and monitoring of State-issued debt. The position provides input on legislation associated with State debt, leads the development of the annual Debt Affordability Study and coordinates the efforts of the Debt Affordability Advisory Committee, ensures all disclosure requirements are met, manages post-issuance compliance, and performs any other related tasks and ensures fulfillment of all requirements in accordance with state legislative authorizations, department directives, IRS regulations, and other applicable regulatory / authoritative entities.The position also serves as the Director of the North Carolina Capital Facilities Finance Agency, which supervises and coordinates the approval and sale of all conduit tax-exempt bonds issued through the Agency.

Responsibilities

Coordinate issuance and sale of State debt.
Manage post-issuance compliance requirements including debt service payments, disclosure (financial and regulatory), arbitrage rebate, investment of bond proceeds and evaluate refunding opportunities.
Develop, recommend, and implement policies and procedures around the authorization, approval, issuance, and monitoring of State-level debt.
Provide the Governor, General Assembly, and others with debt service requirements for budgetary purposes.
Evaluate and supervise approval and issuance of P3 related debt and other state-level obligations such as guaranteed energy savings contracts.
Act as the primary point of contact and manage the State’s relationships with the rating agencies.
Act as the primary point of contact for underwriters and others wishing to make debt-related proposals to the State
Act as primary point of contact to the Office of State Auditor for annual or other required reviews of State debt transactions and disclosures.
Provide feedback as requested, or identify as appropriate, proposed legislative changes related to State debt.
Serve as primary staff support for the North Carolina Capital Facilities Finance Agency (NCCFFA), a seven-member committee including the State Treasurer and State Auditor.
Oversee requests for approval and subsequent execution of financing transactions submitted to the NCCFFA. including review of applications to provide recommendations on the required findings of the NCCFFA and the Local Government Commission.
Supervise operations of the NCCFFA pursuant to requirements outlined in North Carolina General Statutes Chapters 159C and 159D and North Carolina Administrative Code including monitoring of post-issuance compliance and development of the annual report.
Assign work, establish guidelines, and determine acceptable levels of quality and quantity of work.
Provide technical supervision of staff and training as needed.
Plan for and support employees in career development opportunities.
Apply appropriate human resources policies and procedures.
Support and supervise the staff supporting the Debt Affordability Advisory Committee (DAAC), a nine-member committee including the State Treasurer, State Auditor, State Controller, State Budget Director, and Secretary of Revenue.
Serve as primary author of the annual Debt Affordability Study required by statute of the Committee; present Study to the Committee; incorporate input from the Committee; submit the final report to the Governor and General Assembly by the statutory deadline.
Continually evaluate the impact of new revenue streams or revenue shortfalls and proposed new debt (amount and type) on available State debt capacity.
Assist the State Treasurer and Deputy Treasurer with special project support, as requested, including review of legislation, financial and software products, procedural enhancements, and public affairs issues.