MANAGER, PUBLIC FINANCE
As an unclassified state title, Manager, Public Finance is filled by appointment, and its published pay band is more of a guide than a fixed grade.
The minimum is a bachelor's degree, 2 years of relevant experience, and a professional license. State payroll currently lists 3 people in the title, most of them at Treasury.
How to apply
This title is not filled by examination — agencies appoint directly.
See every real route in, and where to apply. One agency employs it. We don't track live vacancies.
See where to apply for this title →Why this title is unclassified
This specification cites N.J.S.A. 11A:3-41 (printed that way in the specification; the paragraph letter is (l)), state unclassified service.
(l) All other titles as provided by law or as the Civil Service Commission may determine.
A title in the State unclassified service sits outside Title 11A unless a provision says otherwise. In practice that means no competitive examination to get the job, and none of the career service protections that come with it: no permanent status after a working test period, and no right of appeal to the Civil Service Commission from a removal. Appointment and removal rest with the appointing authority.
The rule that allocates a title to this service is N.J.A.C. 4A:3-1.3.
Who employs this title
Manager, Public Finance appears on the State payroll at one department, Department of Treasury. It is also used at one independent authority, New Jersey Transit Corporation.
State departments
| Employer | Employees |
|---|---|
| Department of Treasury | 3 |
Independent authorities
| Employer | Employees |
|---|---|
| New Jersey Transit Corporation | 1 |
State payroll and independent authority payroll are separate systems and are never merged. See data sources.
Who employs this title
State payroll records show 3 people working under this title. The median actual salary is $135,307. The agencies employing the most are:
- Treasury (3)
Counts from NJ YourMoney agency payroll. See statewide workforce analytics.
Official job specification
The text below is the official specification published by the New Jersey Civil Service Commission. The plain-language summary and analysis above are derived from it by NJ Civil Service Navigator. Source: the official specification page at NJ CSC.
Definition
Under the direction of the Director, Office of Financial Management (OFM), in the Department of the Treasury, the Manager Public Finance position advises the State Treasurer, Deputy State Treasurer, Assistant State Treasurer and the Director of the OFM on debt and financial policy; manages the implementation of such policy for State programs dealing with public finance and other Treasury-related matters; performs related work as required.
Examples of work
Assists the Director in establishing the mission and near-term objectives for the Public Finance Unit in OFM. This includes the evaluation of the State's short-term and long-term financing needs and the most cost-effective manner in which to meet identified needs. Advises the State Treasurer, the Deputy State Treasurer, the Assistant State Treasurer and the Director regarding proposed legislation involving the issuance of debt, or the creation of State authorities/entities that issues debt. Represents the State Treasurer as an ex-officio board member on various authorities/agencies. Meets with external (private industry) Public Finance professionals (investment banks, financial advisors, finance attorneys, etc.) regarding financing ideas potentially impacting the State's budget or capital plans. Prepares information, presentations, and attends meetings with external Rating Agencies (Moody's, Standard & Poor's, Fitch) and investors in State debt (mutual funds, hedge funds, etc.) Evaluates current market conditions and determines the most appropriate finance method for State funds. Manages the implementation of general obligation bond sales, subject -to -appropriation bond sales, and revenue bond sales, and bank loans for new project and/or refunding purposes. Coordinates financing activities with bond counsel, underwriters, financial advisors, rating agencies, State departments and State authorities. Manages the implementation of private Cash Flow Facility's and Tax and Revenue Anticipation Notes to help meet the State's working capital needs; coordinates financing activities with bond counsel, underwriters, and rating agencies. Manages the execution or termination of interest rate swap agreements or other derivatives. Provides all necessary financial analysis and services to properly administer and support all bond sales and financial transactions and programs, including such issues as calculating arbitrage rebate, cost allocations for the defrayment of debt service, the proper budgeting of debt service costs, the financial reporting of outstanding debt, and the monitoring of potential refunds. Manages the financial control and credit criteria, established under the guidance of the Treasurer and the Director for loans made by the State to other governmental units. Develops policies, strategies and procedures for the Public Finance Unit. Manages and is responsible for the planning, budgeting and reports on past performance and current status of the State's financial programs reflecting the Public Finance Unit's mission and near-term objectives.
Education
Graduation from an accredited college or university with a bachelor's degree.
Experience
Two years of experience in the administration of a State, Federal, local, school district or private financial management program which may include experience in investment banking, hedge funds, a brokerage, municipal financial advisory firm, rating agency, or similar institution where bonds are either structured or traded.
License
Appointees will be required to possess a driver's license valid in New Jersey. Appointees will be required to maintain or obtain any other appropriate licenses or certifications.
Knowledge, skills and abilities
Knowledge of procedures used for issuance and sale of bonds, notes, and various other debt obligations. Knowledge of principles of investment banking. Knowledge of principles of governmental accounting. Knowledge of principles of financial management planning. Knowledge of principles and methods of finance. Knowledge of securities being traded in the marketplace. Knowledge of relevant oversight and regulatory bodies, including the Securities and Exchange Commission (SEC), Municipal Securities Rulemaking Board (MSRB), Governmental Accounting Standards Board (GASB) and Internal Revenue Service (IRS) Knowledge of public funding sources. Knowledge of municipal debt management. Knowledge of market price fluctuations which affect sale and purchase of bonds, notes, notes and other securities. Ability to interpret and apply laws, rules, regulations, and policies applicable to fiscal and financial management and administration. Ability to interpret and apply administrative codes and statutes governing financial administration. Ability to evaluate and interpret formal financial statements. Ability to comprehend, interpret, and evaluate relevant information from various types of source materials. Ability to compare written, numerical, or printed material for accuracy. Ability to communicate orally. Ability to analyze complex financial records. Ability to learn to utilize various types of software and information systems used by the agency, office, or related units. Ability to read, write, speak, understand, or communicate in English sufficiently to perform the duties of this position. American Sign Language or Braille may also be considered as acceptable forms of communication. Persons with mental or physical disabilities are eligible as long as they can perform essential functions of the job with or without reasonable accommodation. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible.
Note
The definition and work examples for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job specification. Conversely, all duties performed on the job may not be listed. A Master's degree in Business, Economics, Mathematics or field related to Finance, or a law degree maydegree may substitute for one year of the above referenced experience.