Deputy Director of Debt Management (Oregon State Treasury)

Oregon State Treasury is searching for a Deputy Director of Debt Management to join our team. Treasury helps determine the state's debt capacity, assists governments of all sizes with bond resources, and connects nonprofits and qualified businesses to tax-free debt to improve Oregon communities. Treasury's bonding programs promote the wise use of debt to build key infrastructure while protecting our credit ratings, creating construction jobs, and giving investors the opportunity to Buy Oregon Bonds.

This position is responsible to design, control, implement, negotiate, and manage all aspects of interrelating debt issuance with other debt management functions of Oregon State Treasury and various State agencies and municipalities. This position directly supervises others and responsibilities include planning, organizing, directing, staffing, and coordinating day-to-day activities. Responsible for hiring, terminating, disciplining, recommending salary adjustments, evaluating performance, and responding to grievances. Through ongoing coaching and communications, works with subordinate to enhance the continuous improvement in employee's skills.

Job Duties Summary

• Lead various state bond issuance processes, including negotiating the lowest cost of funds and the most favorable terms for the State for bonds and obligations purchased by investment banks and other financial entities.

• Commit the State's full faith and credit during negotiations for sale of general obligation bonds and General Fund secured debt.

• Sign purchase contracts and closing documents for all state bonds and certificates of participation as required and in instances where either the Division Director or Deputy State Treasurer are not available.

• In conjunction with the Division Director, strategize and manage the Division's integrated debt issuance and debt management functions. Assist in the design, control, and management of the Division's integrated bond and market management and information systems.

• Accurately prepare all bond related documents, including preliminary and final official statements for State of Oregon bond and COP issuances to ensure disclosure complies with SEC rules, laws and issuance procedures.

• Analyze State agency bond issuance requests, anticipate problems in bonding structure proposed by State agencies and identify alternative solutions.

• Make bond issuance recommendations to State agencies for action and negotiate various aspects of bond financings with agency managers and finance analysts.

• Participate in the selection of State agency bond professionals, such as bond counsel, financial consultants, trustees and interest rate swap providers.

• Coordinate the structuring and execution of interest rate swaps on behalf of various state agencies.

• Ensure timely delivery of State bond documents to all required signatories.

• Prepare financial information for bond rating agencies, bond analysts, bond counsel, financial consultants, and financial institutions.

• Advise and make recommendations on behalf of Division Director and State Treasurer on matters relating to debt, bonding, COP issuance, and interest rate swaps.

• Manage and make recommendations to the Division Director relating to bond issue compliance with state and federal laws and regulations and Securities and Exchange Commission (SEC) and lnternal Revenue Service (IRS) regulations.

• Assist the Division Director in the formulation of policies and procedures and the implementation of strategies and solutions. Inform the Division Director and the State Treasurer on debt issuance matters, recommend changes in state law and local government debt issuance policies, and upon request provides assistance and consultation to State agency and local government finance professionals.

Work Schedule

This position will have the opportunity for a hybrid (remote and in-office) work location schedule; in-office work will be predominately from Treasury's Salem office . This position will work from the office approximately once a week. Additional days in the office will be required to meet agency operational needs.

Salary Range

$112,440 - $182,532 annually.

Job Classification

This position is classified as a Business Operations Administrator 1. This position is a management service position.

Required Minimum Qualifications

Five years of management experience; OR two years of management experience and a bachelor's degree in a related field.

Desired Attributes

Job Specific Attributes

• Experience supervising, leading, coaching, and developing staff.

• Experience with finance or capital markets.

• Experience with debt management / bond issuance.

• Experience with financial analysis and modeling.

• Experience with gathering, tracking, and processing financial information.

• Experience with interpreting State and Federal statues, rules, and regulations.

• Experience collaborating with internal and external partners across multiple disciplines.

Core Attributes

• Respect - Treats all individuals fairly and respectfully; works effectively with others; fosters an environment where opportunities to thrive are available to all; respects different values and viewpoints.

• Teamwork - Acts in a professional, respectful, and courteous manner, recognizes the worth of others, and places the good of the team ahead of personal objectives.

• Flexibility - Demonstrates willingness to change to meet organizational needs, professionally handles discomfort with a changing work environment, and remains calm in stressful situations.

• Communication - Effectively articulates and exchanges information with internal and external stakeholders. Is prompt in responding to questions and inquiries.

• Initiative - Takes appropriate action without waiting for explicit instructions, generates creative approaches to addressing problems and opportunities.

• Critical Thinking - Identifies and weighs options, makes sound decisions after reviewing all relevant information, plans for potential problems, takes calculated risks, and recognizes impact of solutions.

• Time Management - Prioritizes and manages time effectively across various competing tasks, demonstrating focus and adaptability, arriving on time for meetings, and meeting deadlines.

• Attention to Detail - Demonstrates accuracy and thoroughness when accomplishing tasks.

How to Apply

You are required to upload your resume and a cover letter describing how you meet the desired attributes listed above.

Please make sure the attributes and qualifications you possess are clearly demonstrated in your application materials. Following these instructions and providing this information will be used to determine which candidates will be selected to move forward in the process.

We will accept applications through the job announcement closing date, however, we may close this recruitment early, if we receive a well-qualified applicant pool. If interested, please apply early.

Benefits of Joining Our Team

• Low employee premium share for medical, dental, vision, and basic employee life (1% or 5% employee share);

• Robust paid leave package, such as vacation, personal business, holidays, sick leave, and floating day of leave;

• PERS retirement benefits;

• Support with training and development;

• Student loan forgiveness under the Public Service Loan Forgiveness Program (PSLF);

• Optional benefits include optional life, short & long term disability, accidental death and dismemberment, Oregon Savings Growth Plan (deferred compensation plan), flexible spending accounts, long term care insurance, employee assistance program, and more!

About Oregon State Treasury

Oregon State Treasury is focused on improving the financial well-being of all Oregonians. We provide low-cost programs for governments, and empower Oregonians to invest in themselves and their loved ones for a more secure future.

We are committed to cultivating a workplace that is diverse, inclusive, and respectful. We value and

support the collective differences in who we are and celebrate the fact that everyone comes to the table as their own unique individual. We believe this commitment empowers our success and makes Oregon State Treasury an excellent place to work. As Treasury employees, our commitment to diversity, equity, and inclusion makes this a safe environment for us to ask questions, learn, and grow, and helps us to better serve Oregonians.

Our Values and Principles

INTEGRITY---INNOVATION---DIVERSITY---TRUST---PROFESSIONALISM---ACCESSIBILITY

Please visit the following webpage to learn more about Oregon State Treasury: https://www.oregon.gov/treasury/Pages/index.aspx

Special Information

• Prospective employees are subject to an extensive background check that may include, but not be limited to, validation of all application materials, prior employment, and professional references, driving records and fingerprint-based state and federal criminal and civil records. Adverse background data may be grounds for immediate disqualification.

• OST does not offer visa sponsorships, and within three days of hire, the successful candidate will be required to complete the U.S. Department of Homeland Security form I-9, confirming authorization to work in the United States.

• Eligible veterans who meet the qualifications will be given veterans' preference. To receive preference you MUST attach appropriate documentation as outlined by the Department of Administrative Services at the following website: Veterans Resources. You may also call the Oregon Department of Veterans' Affairs at 1-800-692-9666.

• OST is an equal opportunity, affirmative action employer committed to a diverse workforce.

• Consistent with the Americans with Disabilities Act (ADA), Oregon State Treasury will provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. Requests for reasonable accommodation applies to all aspects of employment, including the application process. If reasonable accommodation is needed, please call Oregon State Treasury at 503-378-4000 and request to be connected to Human Resources.