Assistant Deputy Secretary, Bond Finance and Investment (CEA, Level A) (C. E. A.)

Job Description and Duties This is an exciting opportunity to join our team at the California Department of Veterans Affairs (CalVet), where we proudly serve California’s 1.6 million veterans. We advocate with purpose and passion every day for our state’s veterans and their families and connect them to their earned benefits. We offer a range of services, from our network of award-winning veterans' homes to our innovative home loans program. Additionally, we provide special statewide benefits and veteran outreach services. CalVet provides our staff with a wide range of fulfilling and enriching growth opportunities in skilled trades, healthcare, administrative and professional fields, and beyond. We actively cultivate an inclusive atmosphere that embraces individuals from diverse backgrounds, cultures, and life journeys, empowering them to excel and flourish. We enthusiastically welcome your distinctive contributions to our organization and the meaningful work we undertake. Under administrative direction of the Deputy Secretary of CalVet Home Loans, Assistant Deputy Secretary of Bond Finance and Investment is responsible for the management of the division’s bond portfolio and is responsible for investing and managing excess bond proceeds and cash reserves. The position also oversees the Home Protection unit and the Facilities Management team. Primary responsibilities include oversight of the Bond Finance and Investment program and the monitoring and reporting of cash flows relative to bond proceeds, investments, bond sales, bond calls, and actions necessary to maintain compliance with federal tax laws. This position recommends policies and procedures related to financing and investments for the CalVet Home Loan Program in accordance with applicable state and federal laws. The incumbent serves as a key member of the Executive Staff and works closely with other Division management staff in making decisions and meeting the goals and objectives of the Division’s portion of the Department’s Strategic Plan. Exercises management responsibility for policy formulation and implementation for the entire Division. Effective July 1, 2025, California Department of Human Resources (CalHR) implemented the Personal Leave Program 2025 (PLP 2025). PLP 2025 directs that state employees shall receive a three percent (3%) reduction in pay in exchange for five (5) hours of PLP 2025 leave credits, monthly. The salary range(s) included in this job advertisement do not reflect the 3% reduction in pay. Apply today to join our team! Visit our website at www.calvet.ca.gov to learn more about us. You will find additional information about the job in the Duty Statement. Desirable Qualifications In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate: In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate: Leadership – Able to inspire, motivate and guide staff and subordinate managers toward accomplishment of goals. Vision – Understands the context and mission of the Department, both internally and externally. Aware of critical issues and anticipates future needs. Has the ability to organize for success; understands how to facilitate functional needs and structure to achieve strategic plans. Financial Acumen – Understands and can apply complex financial concepts and strategies. Able to evaluate and appropriately balance risk factors in both debt and investment portfolios. Proficient at working with, and coordinating the activities of, external partners including attorney firms, investment bankers, state agencies, financial analysts, and consultants. Teamwork and Collaboration – Actively participates to strategically achieve the Department’s mission and goals and encourages diversity of opinions. Enhances his/her own ability and the ability of others to contribute. Functions effectively in a matrix management approach and collaborates with others to mobilize and manage resources effectively. Communication – Able to interact and communicate effectively with staff, Executive staff, and control agencies. Understands that people process information differently; takes initiative to build and maintain relationships; and seeks and understands cultural differences. Has clear expression of ideas, thoughts, and expectations. Is an active and empathetic listener; effectively communicates management decisions to staff. Credibility, Integrity, and Accountability – Models high standards of honesty, integrity, trust, openness, and respect of individuals. Has the ability to make decisions and be accountable for those decisions. Has the flexibility to balance between literal adherence to rules and the use of policy as a guide. Also has the ability to delegate to subordinate managers and staff, provide guidance, and hold them accountable. Staff development – Recognizes that people are the Department’s greatest resource. Can clearly identify and define needs of the Department, attract appropriate candidates, and evaluate and select the most qualified. Takes the time to develop and encourage staff and subordinate managers to achieve their true potential. Encourages staff and managers to develop personally and professionally and to participate in decision making. Creativity and Flexibility – Applies new ways of thinking. Has the ability to solve problems, present new ideas, and develop new approaches to achieve the Department’s mission. Capable of adapting quickly to changing needs. Diversity - It is important that our management team understand and is sensitive to the diversity of the people we serve. The Department’s management team should also reflect diversity. Statement of Qualifications A Statement of Qualifications (SOQ) is required. Please note that resumes, cover letters, and/or any other documents do not take the place of the SOQ. Applicants who fail to submit of complete the SOQ as instructed and/or fail to submit all the required documents may be eliminated from the examination process. The SOQ serves as documentation of your ability to present information clearly and concisely in writing. In your SOQ, describe your experience, knowledge, and competencies as they relate to each of the items listed below. The items must be addressed and numbered in the same order as listed; do not consolidate responses. The SOQ must be no more than three (3) pages in length, typed, using 12-point Arial font on standard, letter-sized paper with one (1)-inch margins. For helpful guidance on writing an effective SOQ or a Supplemental Questionnaire, please visit SOQ Assistance. • Describe your experience with the issuance of debt instruments, particularly tax-exempt municipal bonds, including the coordination of multiple resources in preparation for sale of both Revenue and General Obligation bonds. Minimum 5 years of experience in debt issuance and debt portfolio management. • Describe your understanding of how the yield paid to CalVet’s bond investors impacts the home mortgage rates charged to veteran borrowers. • Describe your experience reviewing and evaluating complex reports regarding financial performance, cash flows and forecasting, investments, bond sales, and issues determining compliance with federal tax laws. • Describe your experience in developing, recommending, and implementing policies and procedures, particularly as relates to finance and investment activities, as part of a management team. • Describe your experience in gaining the confidence and support of executive leadership by effectively communicating complex information, including the development of written materials in advance of presentations. • Describe your experience organizing and directing multi-level staff, spread across multiple and varied functions, including your knowledge of training, staff motivation, recognition, and progressive discipline. Include a description of your experience fostering a positive team environment, coaching, and mentoring staff to ensure their peak performance and the development of a cohesive team.