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Tier Tackles Transactions



Address: 10780 Parkridge Blvd., Suite 400, Reston, Va. 20191

Phone: 571-382-1090

Web site:

Founded: 1991

Number of employees: 830

Ticker Symbol: TIER (Nasdaq)

How to submit your résumé: Mail to address above; fax to 571-382-1002; or e-mail to

Benefits, compensation and perks: The company pays an average of 80 percent for employee HMO and PPO medical plans. Premium contributions vary by plan and family size. Tier pays 100 percent for employee dental coverage, 85 percent for family coverage. Domestic partners are included in benefits. Maternity leave is paid at 60 percent for six weeks. Paternity leave is covered under the personal time off program and paid at 100 percent. There are eight paid holidays. Vacation and sick days are included in the personal time off program, starting at 18 days a year and increasing to 26 days a year at the 10th year of employment. Employees may contribute to a 401(k) plan; there is no company match.

Go to an extended list of benefits and personnel policies for this company. If you are interested in having your firm profiled, e-mail Andrea Caumont at"> Put "TechWorking" in the subject line of the e-mail.

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Monday, June 28, 2004; Page E05

Tier Technologies plans to hire about 25 people nationally now, including 17 in the Washington area. Jim Weaver, chairman and chief executive, talked with The Post's Andrea Caumont.

What does your company do?

We are a leading provider of transaction processing services and a package software systems integrator serving public sector clients. We have three business units. The first unit does child-support payment processing. We process $3.2 billion a year in child-support payments for ten states. The second transaction processing business we have is a company we acquired called Official Payments Corp. (OPC), and they provide consumers with the ability to pay certain government debts with a credit card, debit card or e-check. Our largest contract is with the [Internal Revenue Service]. Since 1996, OPC has processed over $4 billion in federal, state and local government debts. The third unit is our systems integration business, which is made up of five separate practices: financial management systems practice, public pension administration practice, unemployment insurance practice, geographic practice and e-government practice. We expect $128 million in revenue this fiscal year.

What do you think your employees would say were the best reasons for working at your company?

I think they'd say we are a company that is highly reputable. Principles matter to us, in terms of how we treat our clients and our workforce. We tend to gravitate toward people who want to take on challenges and provide the vehicle for them to grow within the company.

Who owns your company?

We're publicly traded on the Nasdaq [Stock Market] under the symbol TIER.

What sense of stability can your company offer job candidates?

The company was founded in 1991 and we've grown year over year. Our compounded annual growth rate from 1999 thru 2003 for continued operations has been 32 percent. We're continually adding new markets and expanding the number of our clients.

What are the demographics of your company?

Companywide, we are 59 percent female and 42 percent minority. Within the senior management team, we are 30 percent female and 17 percent minority.

What positions do you have available and what level of expertise do you want?

We're looking for two financial analysts with two to three years experience in the software consulting industry as well as experience with the analysis of trends for software-related projects in terms of revenue, costs and budget variance. We also need six to eight Java developers with two to four years of experience with Java development, J2EE, Struts, Websphere and the ability to travel on company business up to 80 percent of the time. We're also looking for two to three project managers with four years of experience with management of software- and systems-related projects; experience with RUP, Erwin, SDLC and the ability to travel extensively on company business. We're also hiring three pension experts with three to five years of experience and knowledge of pension plans and administration. Finally, we're looking for a controller with experience as a controller or assistant controller within a public company and who has experience in revenue recognition, SEC reporting and [merger and acquisition] integration. Home

© 2004 The Washington Post Company

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