Apply to be the Chief Financial Officer, UI Trust Fund! Maryland is looking for a finance wizard to lead an enterprising team managing a $2 billion UI trust fund, improving processes in accounting, employer relations and audits. Hybrid job in a modern office in Downtown Baltimore, great for anyone living in or interested in the Baltimore-DC area. Apply by July 6th!
This position reports directly to the Assistant Secretary of the Division of Unemployment Insurance (DUI). The main purposes of this position are to detect and determine the liability of employers to provide unemployment insurance coverage for their employees; to collect quarterly tax and wage reports and account for the contributions (taxes) that are due once the liability is determined; and to account for the payment of unemployment insurance benefits paid to eligible claimants.
The duties and responsibilities of the Chief Financial Officer, UI Trust Fund for MDOL, Division of Maryland Unemployment Insurance (UI) consist of but are not limited to the following:
This position will provide leadership, direction, and oversight of the day-to-day operations of Ul's Contribution functions. Leading the strategic planning for the Contributions Division to ensure that staff priorities align with the MDOL and UI goals and missions. Ensuring the effective management of the technical program and operation of MDOL UI Contributions Division, which includes oversight of UI employer assistance, tax enforcement, internal audit, and various collection activities.
Employer Assistance: This unit is responsible for identifying new employer liabilities, opening and closing employer accounts, assigning tax rates to over 149,f information penalty receivable files. Additionally, the unit responds to employer protests of benefits charged to their experience rating account.
Tax Enforcement: This unit oversees and directs the employer call center supporting collection efforts for employers who have not filed their tax returns or paid the tax. It is also responsible for auditing 1% of the active employers each year and collecting delinquent reports and taxes, payment plans, license renewals, and tax intercepts. Furthermore, this unit corrects wage records for eligible claimants.
Accounting and Cash Management: This Unit evaluates employer tax, liability, and revenue collection operations supporting the State’s Unemployment Insurance (UI) Program and oversees the accounting functions of the Maryland Unemployment Insurance Trust Fund. The position plays a key role in ensuring effective resource management and high-quality customer service within the Accounting and Fund Management Section, which includes four functional units: Accounts Receivable and Audit; Reimbursable Employer Accounting; the UI Cashiers Unit.
Contributions Internal Audit: This unit manages the Internal Audit functions within the Contributions section. It oversees reviews conducted and analysis to ensure that the unit complies with established policies and regulation.
Applicants must meet the selective qualification(s) to be considered. Include clear and specific information on your application regarding your qualifications.
- Five years of managerial experience.
Preference will be given to applicants who possess the following preferred qualification(s). Include clear and specific information on your application regarding your qualifications.
- Experience in a supervisory or leadership capacity, with strong skills in team management, project coordination, and strategic planning
- Proficient in Microsoft Excel, Word and Google Workplace
- Experience in data analysis, reporting, and delivering measurable outcomes.
Personnel employed in this classification will have access to federal tax information and must undergo a state and FBI criminal background check as a condition of employment.
All candidates are subject to a background check against files maintained by the Division of Unemployment Insurance (MD Labor/DUI) to determine whether any monies are owed to MD Labor/DUI as a result of unemployment insurance overpayment/fraud. Any unpaid debt may have an impact on whether or not a candidate is offered employment.
Please make sure that you provide sufficient information on your application to show that you meet the qualifications for this recruitment. All information concerning your qualifications must be submitted by the closing date. We will not consider information submitted after this date. Successful candidates will be ranked as Best Qualified, Better Qualified, or Qualified and placed on the eligible (employment) list for at least one year. Resumes are strongly encouraged, please upload along with application
Salary $118,937.00 - $152,389 with potential growth up to $185,523.00/year (salary guidelines applied)
This is a full-time, permanent position and eligible for full State benefits, which include:
● Flexible hours and hybrid teleworking
● Paid holidays 12-13 per year
● Generous paid leave package (annual, sick, personal and compensatory leave)
● State Pension ("defined benefit" plan)
● Tax-deferred supplemental retirement savings plans (401(k) and 457)
● Comprehensive, subsidized health, dental and prescription plans with little to no deductibles, free generic prescriptions, and free preventative health services
● Flexible Spending Account plans for Health Care and Daycare
● State Employees Credit Union
To learn more, please click this link: STATE OF MARYLAND BENEFITS
