Q&A: Bernalillo County Treasurer Candidate Nancy Bearce
- NAME: Nancy Marie Bearce
- POLITICAL PARTY: Democrat
- PLACE OF RESIDENCE: Albuquerque
- EDUCATION: Bachelor of Liberal Studies, University of Louisville, 1980
- OCCUPATION: Elected Bernalillo County Treasurer, 2017 to present; Elected to two consecutive two-year terms as President of the NM Counties Treasurer’s Affiliate, 2018 to present; Previously client advisor/employee benefits/licensed life and health insurance agent, Poms & Associates Insurance Brokers LLC, 2014-2016; Medical Administration Specialist, contractor with DP Technology Services at Kirtland Air Force Base Medical Group, 2013; Interim Executive Director, Horizons of New Mexico 2012-2013
- POLITICAL/GOVERNMENT EXPERIENCE: 2014 EMERGE NM Alumnus; Democratic Party of Bernalillo County, Precinct 321 Chair, 2005 to present; Democratic Party of Bernalillo County, State Central Committee, Member, 2009 to present
- CAMPAIGN WEBSITE: https://www.nancymbearce.com
1.) What professional investment management experience do you have?
County Treasurer since Jan. 1 2017, managing over $400 million, in a safe, prudent manner, never losing a dime of taxpayer money. Fifteen years administrative management of both private and public employee benefits and retirement plans involving selection of the investment companies and types of funds, complying with all IRS laws and audits.
2.) Please describe your preferred investment strategy for the county?
Practice Safety, Liquidity and Yield. Gain moderate interest while preserving and growing the principal of the investment. Created three-bucket method: cash for routine monthly bills (rent, electricity, payroll); cash for annual bills (debt payments, repairs, tires, fuel, etc.); core reserves/savings. Earned $24 million-plus in interest, additional $156 million in fund growth.
3.) What, if anything, should the county treasurer’s office do differently if COVID-19 sends the country into a recession?
Continue sound investment practice in partnership with the county’s investment advisors, advisory committees and stakeholders. Utilize expanded investment flexibility newly authorized by our Legislature. Increase public social media outreach and education to all ages, utilizing strategic partnerships with credit unions, banks, schools and non-profits. Increase preparedness for remote office transition.
4.) What would be your top priorities as treasurer?
Sound fiscal management in collecting and disbursing taxes and protecting investments. Continuous quality improvement with internal audits, review procedures and policies, provide transparency, accountability and involve stakeholders. Better customer service as the County transitions to a new building. Acquire the best online secure services and public payment portal.
5.) Why are you the best candidate for this office?
I’m the only candidate with extensive experience successfully administrating government and private sector offices, consistently passing every independent audit. Protected taxpayers’ money, investing it wisely with sustainable profitability. Two decades of successful citizen/tax-payer advocacy to our State and National Legislators. Always respecting and involving taxpayers, employees, stakeholders and the public.
6.) Have you or your business, if you are a business owner, ever been the subject of any state or federal tax liens? No.
7.) Have you ever been involved in a personal or business bankruptcy proceeding? No.
8.) Have you ever been arrested for, charged with, or convicted of drunken driving, any misdemeanor or any felony in New Mexico or any other state? No.