Salary: $50,000 - $65,000; salary commensurate with training and experience. Full-time employees of the West Virginia State Treasurer’s Office (WVSTO) are eligible for Public Employee Insurance Agency benefits and a number of other benefits available to state employees.
Location: Charleston, WV
Job Type: Full-Time Permanent; Not in the Classified Service
Division: Banking Services - Debt and Securities Management
Reports To: Director of Debt and Securities Management
Nature of Work:
Under limited supervision, this position performs analytical review of financial information from designated state depositories (financial institutions) to ensure the collateralization of public funds and assisting external customers, as well as internal WVSTO staff on the completion of daily assignments. This position is also responsible for providing support on various projects for the Debt and Securities Management and Department which will require analytical skills and ability to manage multiple priorities.
Job Duties:
- Utilize internal systems to determine the proper amount and/or percentage of collateral to be posted for public fund deposits held by each designated state depository.
- Review and monitor acceptable collateral types provided by designated state depositories.
- Monitor and analyze information provided by a third-party rating system and compare it to WVSTO rating table to ensure the proper amount and/or percentage of collateral is provided by the designated state depository.
- Monitor collateral provided by the designated state depositories for proper valuation and eligibility.
- Responsible for drafting presentations to educate and present information related to collateral and debt management programs to banks, local governments, and state agencies.
- Prepare, educate, and present information to financial institutions, local governments, and state agencies.
- Reconcile the WVSTO collateral system, spending unit/agency reports and bank records on a regular basis.
- Work with designated state depositories on new setups and changes in the WVSTO collateral system and the safekeeping agent system.
- Process and/or approve collateral and wire requests from designated state depositories.
- Monitor monthly and yearly reporting from designated state depositories and public depositors.
- Monitor the quarterly selection of pooled or dedicated method of providing collateral by the designated state depositories.
- Monitor suspensions or exceptions of designated state depositories for compliance with state code and WVSTO policies as needed.
- Prepare special reports as requested.
- Assist other Banking Service’s Departments with quarterly, and annual debt reporting.
- Serve as backup to the Director for debt service payments. This includes reporting, document entry in the state’s financial system (wvOASIS) and other duties related to debt service as assigned.
- Work with internal Banking Services Division staff on new banking relationship needs.
- Monitor opportunities to improve processes, controls and procedures.
- Serve as backup to the Safekeeping Department to ensure securities are processed as needed.
- Assists on special projects as needed. Provide excellent customer service and support.
- Performs filing duties as needed.
Minimum Qualifications:
Bachelor's degree from four-year college or university required, with a major in accounting or finance preferred; two years related experience and/or training; or equivalent combination of education and experience.
Required Knowledge, Skills, and Abilities:
- Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
- Ability to write reports, business correspondence, and procedure manuals.
- Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
- Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of algebra.
- Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
- Working knowledge of the Microsoft Office Suite and in-house designed systems.
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Ability to interpret an extensive variety of technical instructions in mathematical or diagram form.
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
- Knowledge of security types would be helpful.
HOW TO APPLY:
Email resume or inquiries to resumes@wvsto.gov; open until filled.
The State Treasurer’s Office provides equal opportunities to all employees and applicants for employment without regard to race, sex, color, religion, national origin, age, disability, veteran status, or any other factors made unlawful under applicable federal and state laws. Equal employment opportunity applies to all terms and conditions of employment, including hiring, placement, promotion, termination, layoff, recall, transfer, leave of absence, compensation, and training. Applicants have rights under the following Federal Employment Laws: Family Medical Leave Act and Equal Employment Opportunity.
To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential job functions.
This job opportunity is not in the classified service and is not covered under the Administrative Rule of the WV Division of Personnel. Therefore, interested persons must apply directly to the hiring agency as indicated above.