12 month part-time opportunity in the team who are focussed on providing oversight and policy advice to government on the management of the State’s public sector superannuation and insurance liabilities, and related assets. The team is also responsible for overseeing the financial management, governance and prudential supervision of the State’s PFC’s.

About us 

The Department of Treasury and Finance provides economic, financial and resource management advice to help the Victorian Government deliver its policies. We strive for excellence in financial and economic management to improve the lives of all Victorians.    

Financial Assets and Liabilities (FAL) Group

The Financial Assets and Liabilities (FAL) Group is made up of three teams:

• Balance Sheet Management;
• Financial Policy; and
• Workplace Safety Reform.

The Balance Sheet Management and Financial Policy teams provide advice and meet reporting requirements in relation to the State's financial assets and liabilities and associated financial risks. This includes the State's investments, debts, superannuation and insurance claims liabilities, and guarantees. These teams are also responsible for the providing governance and prudential oversight of the State's Public Financial Corporations (PFCs) and coordinating the financial and budgetary reporting for the State's PFC sector.

The Workplace Safety Reform team works to improve the safety of Victorian workplaces and support those affected by workplace fatalities, injuries and illnesses.

This position is located within the Financial Policy Team whose responsibilities are focussed on providing oversight and policy advice to government on the management of the State's public sector superannuation and insurance liabilities, and related assets. The team is also responsible for overseeing the financial management, governance and prudential supervision of the State's PFC's.  

About the role 

This is a 12-month contract opportunity, job share arrangement three days per week reporting to a Director. Key accountabilities are to:

• Oversee the agencies that make up the PFC sector from a financial management and governance perspective.
• Ensure the timely and accurate reporting of financial and other information for the PFC sector and superannuation liability for inclusion in the State's published financial reports.
• Develop and maintain models to analyse the State's financial balance sheet exposures (e.g. superannuation and insurance liabilities and investments) and assess the financial implications of proposed reforms and management initiatives.
• Provide advice to Government on issues related to the State's PFCs and superannuation liability including, but not limited to, financial performance, risk management, and governance. This includes preparing detailed reports, ministerial briefs, and Cabinet submissions on complex matters.
• Oversee and advise on the operation of the State's Centralised Investment Model, under which the Victorian Funds Management Corporation (VFMC) manages the investment portfolios of the States' key PFCs.
• Support ongoing monitoring of the prudential and corporate governance standards that apply to the State's PFCs and superannuation schemes to ensure they remain appropriate and undertake the associated performance monitoring, including the analysis of corporate plans and quarterly and annual results.
• Lead and be accountable for maintaining relationships with senior stakeholders, including departmental counterparts, agencies and external service providers.
• Actively participate as a member of the Financial Policy Team to achieve the objectives of the FAL Group and the Department.   

About you 

We are seeking applications from candidates with demonstrable experience in:   

• Ability to apply highly developed critical thinking and analytic skills to identify and mitigate risks, identify opportunities, develop evidence-based recommendations and support sound financial management and governance.
• Strong financial modelling and quantitative analysis skills with a demonstrated ability to develop advanced financial and risk assessment models and undertake dynamic scenario analysis.
• Strong verbal and written communication skills, with an ability to craft impactful and fit-for-purpose content that is tailored to the needs to varying audiences.
• Demonstrated knowledge in the management of investment portfolios that support long-term liabilities with practical experience managing the risks of such investment portfolios.
• Demonstrated organisational skills, including the ability to take initiative and proactively prioritise work to ensure efficient and practical outcomes are achieved.
• Experience in strategically building and maintaining effective relationships and networks with diverse stakeholders in a complex and dynamic environment.

Experience and qualifications 

• An appropriate tertiary qualification in applied finance, accounting, investment management or a related field.
• At least five years of relevant work experience with a focus on financial analysis, investment management and/or liability management.
• Well‑developed analytical abilities with extensive experience developing and presenting recommendations on complex issues.
• Proven ability to develop and maintain strong working relationships with senior stakeholders and communicate issues effectively, particularly in a job-sharing environment.
• Experience evaluating business strategies, investment strategies and understanding, and advising on, the risks of specific strategies. 

About our culture 

We aim to be a model employer providing an inclusive workplace that is understanding and respectful of differences such as gender, identity, race, disability or age. In addition, we are committed to supporting Aboriginal pathways between education and employment.    

The Department strives to create an environment that supports a flexible and adaptive workforce. All requests for flexible working arrangements will be considered in line with operational requirements.   

How to apply 

VPS employees and other JSE-eligible applicants are encouraged to apply on the Jobs & Skills Exchange (JSE) jobs board. For DTF employees: If during the recruitment process, you are identified as the preferred candidate for this role, you will be required to seek approval from your manager and Executive Director to undertake this role as a secondment. 

For more information about the position and key selection criteria, please refer to the position description. If you have specific questions regarding the role, please contact Julie Osborn at julie.osborn@dtf.vic.gov.au or (03) 7005 9273.  

To apply, select the ‘Apply Now' button and provide a copy of your resume and cover letter summarising your skills and relevant experience. Applications close at midnight, 30 April, 2024. If you require a copy of this advertisement in an accessible format, please contact the Careers team.  
 
Covid-19 Vaccination 
DTF is committed to providing and maintaining a working environment which is safe and without risk to the health of its employees and clients and consistent with the department's obligations under the Occupational Health and Safety Act 2004 (OH&S Act). To support this DTF has a COVID-19 Vaccination policy which strongly recommends all DTF employees be fully vaccinated.