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 FAL Group is made up of three teams:
* Balance Sheet Management;
* Financial Policy; and
* Housing Registrar.
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.
About the role
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 governance and prudential supervision of the State's PFCs.
Key accountabilities
This role requires the following accountabilities.
* Research and provide policy and financial risk management in relation to the management of the liabilities of the State's PFCs. This includes developing financial and risk assessment models to understand the key risks and assess the financial implications of proposed reforms and management initiatives.
* Review and assess the corporate plans, quarterly reports and annual results of the State's PFCs.
* Assist with the review and analysis of the financial information provided by the PFC sector for inclusion in the State's published financial reports.
* Prepare briefing papers, reports and general correspondence suitable for consideration at Ministerial level.
* Develop and maintain strong working relationships and actively contribute to the Group's broader work and goals.
About you
We are seeking applications from candidates with demonstrable experience in:
* Strong financial modelling and quantitative analysis skills with a demonstrated ability to develop financial and risk assessment models and undertake scenario analysis.
* Developed understanding of liability management principles and related financial reporting practices and principles in the Australian environment.
* Ability to represent the Department and to build and maintain effective working relationships with a range of external and internal stakeholders.
* Well-developed communication and interpersonal skills, including communicating the output of financial models, writing briefs, reports and general correspondence.
* An appropriate tertiary qualification in applied finance, statistics, accounting or a related field.
* Extensive experience using Excel to develop financial models, undertake scenario and risk analysis and effectively communicate the output to senior managers to assist decision making.
* Well-developed conceptual and analytical abilities including the ability to develop and present recommendations on complex issues.
* Sound knowledge of superannuation and/or insurance markets, and a broad understanding of liability, asset and capital management.
Experience and qualifications
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.