National Association of State Retirement Administrators


Position Information

Finance Director III

Overview

The Financial Director III is will provide oversight of accounting and finance at the Vermont Pension Investment Commission (VPIC).

 Who May Apply

This position, Financial Director III (Job Requisition #49358), is open to all State employees and external applicants.

Position information is accessible here:
https://careers.vermont.gov/job/Montpelier-Financial-Director-III-VT-05601/1128078800/

If you would like more information about the duration of this position or other details, please contact Eric Henry at eric.henry@vermont.gov.
Resumes will not be accepted via e-mail. You must apply online to be considered.

Environmental Factors

Work is performed in a standard office setting.

Minimum Qualifications

Master's degree in accounting, business or public administration or a related field AND three (3) years of professional level accounting, budgeting, fiscal auditing, fiscal analysis, federal program fiscal administration or other professional level fiscal operations experience including managing a major fiscal program or operation.

OR

Bachelor's degree in accounting or a bachelor's degree in any discipline that includes or is supplemented by 20 credit hours in accounting and four (4) years of professional level accounting, budgeting, fiscal auditing, fiscal analysis, federal program fiscal administration or other professional level fiscal operations experience which has included managing a major fiscal program or operation.

OR

Associate's degree AND seven (7) years or more of professional level accounting, budgeting, fiscal auditing, fiscal analysis, federal program fiscal administration or other professional level fiscal operations experience which has included experience managing programs, funding sources or staff.

OR

High School diploma AND nine (9) years or more of professional level accounting, budgeting, fiscal auditing, fiscal analysis, federal program fiscal administration or other professional level fiscal operations experience which has included experience managing programs, funding sources or staff.

OR

One (1) year or more of experience as a Financial Director II with the State of Vermont.

Preferred Qualifications

Preference may be given to applicants with experience managing large fiscal operations.

Special Requirements

For some positions experience working with the VISION system (VISION is the State of Vermont PeopleSoft financial management system) may be required.

Total Compensation

As a State employee you are offered a great career opportunity, but it's more than a paycheck. The State's total compensation package features an outstanding set of employee benefits that are worth about 30% of your total compensation, including:

  • 80% State paid medical premium and a dental plan at no cost for employees and their families
  • Work/Life balance: 11 paid holidays each year and a generous leave plan
  • State Paid Family and Medical Leave Insurance (FMLI)
  • Two ways to save for your retirement: A State defined benefit pension plan and a deferred compensation 457(b) plan
  • Tuition Reimbursement
  • Flexible spending healthcare and childcare reimbursement accounts
  • Low cost group life insurance
  • Incentive-based Wellness Program
  • Qualified Employer for Public Service Student Loan Forgiveness Program

Want the specifics? Explore the Benefits of State Employment on our website.

Equal Opportunity Employer

The State of Vermont celebrates diversity, and is committed to providing an environment of mutual respect and meaningful inclusion that represents a variety of backgrounds, perspectives, and skills. The State does not discriminate in employment on the basis of race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, membership in an employee organization, family medical history or genetic information, or family or parental status. The State’s employment decisions are merit-based. Retaliatory adverse employment actions by the State are forbidden.
Position: Finance Director III
Organization: Vermont Pension Investment Commission
Location: Montpelier,  VT 
United States
Salary: $39.07 per hour
Posting Start Date: 4/2/2024
Date Posted: 4/2/2024
Requirements

The position is responsible for the following:

  • Complex budget development for the Commission that has multi-program costs appropriated to the different funds (VSTRS, VMERS, VSERS), as well as auditing, internal controls, and fiscal operations that are detailed herein. 
  • Senior managerial responsibility for the fiscal operations of the $6 billion pension plan system across the multiple-program retirement plans (VSTRS, VMERS, VSERS), that has a complex and large network of consultants, over 25 different multi-billion dollar investment firms across 64 contracts, other State Agencies (Auditor, Treasurer, among others), Legislature, global organizations, regulatory bodies (SEC, GASB, among others), and the custodian bank that holds the billions in assets and executes the millions in directed trades. 
  • Reporting for the annual State audit on the investment of the pension system. 
  • Monthly reconciliation and compilation and analysis of all complex fiscal data including valuations, trades, and performance. 
  • Management of the department level internal control systems. 
  • Posting, balancing, and reconciling accounting records for over 1,200 investment positions monthly, and more than 100 trades annually totaling around $400+ million annually, and investment performance statements and costs monthly. 
  • Directs fiscal office processes and procedures. 
  • Performs maintenance of accounting and financial records such as budgeting, payroll, and auditing. 
  • Analysis and distribution of multi-investment plan costs to appropriate funds. 

 

The position will be the principal advisor for the Commission to the Office of the State Treasurer on matters related to the Annual Comprehensive Financial Report (ACFR) and other financial reports required of the Treasurer's Office on behalf of the Commission. The risk of error is substantial to the health of the $6 billion Vermont Retirement System. This position is based in Montpelier, but the majority of the work is anticipated to be completed remotely.

Status: This listing expires on: 6/1/2024
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Organization Information
Name:
Vermont Pension Investment Commission
Address:


Montpelier,  VT 05601
United States
Email:
eric.henry@vermont.gov
Phone:
Fax:
Contact:
Eric Henry at eric.henry@vermont.gov