• Serving as the subject matter expert for capital financing strategies and maintaining the City’s credit ratings.
• Implementing City financing transactions, which include operational management for ongoing administration and compliance of issued debt and future debt issuances.
• Maintaining relationships with external partners, such as financial advisors, bond counsel, banking partners, and the NC Local Government Commission (LGC).
• Ensuring adherence with securities law, federal tax code, state statutes related to local government debt, City policies, and relevant best practices.

• Deliver financial services that allow for fiscal integrity, fiscal stewardship and accountability while providing the highest level of service to customers.
• Deliver concise and accurate financial information that allows for timely decision-making, strategic risk mitigation and analysis, as well as ensuring collaboration to foster transparency and trust.
• Deliver efficient, streamlined business processes that facilitate ease of operations, which embrace the use of technology and adhere to new and changing regulations.
• Deliver a workplace culture of high performance, continuous improvement and innovation that encourages employee growth and inclusive collaboration.

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  Manages City’s long-term debt portfolio in accordance with Federal, State, and Local regulations
• Leads debt management, including but not limited to debt projections, bond sales, bond arbitrage, applicable disclosures and filings while ensuring appropriate controls.
• Ensure timely and accurate (1) payment of debt service and (2) filing of SEC mandated debt information to comply with associated Bond Covenants and maintain the City’s AAA/AAa credit rating
• Develop and maintain debt models, which include the use of 3rd party consultant services and software technology platforms, for the use by management in long-term planning for debt-related funding of City’s capital needs
• Consulting and advising City management and departments on upcoming future debt issuances, specifically advising on the optimal timing and financing structure which best meets their needs
• Analyze and maintain project level cash flow schedules associated with debt-related financing, incorporating available budget, encumbrance and project expenditures data analysis
• Collaborate with capital projects managers in City departments for construction/project costing, including performing variance analyses, and reporting on the financial status of projects
• Manage and review the timely reconciliation of construction draw programs in working with the City’s Finance team
• Produce dashboards and spending analysis to support existing and new financing programs, which includes participating in financing deals and analysis
• Collaborate with project managers, budget, and accounting staff to manage and lead quarterly review processes to review project status, including cash positions related to debt financing / draw programs
• Analyze debt appropriated capital expenditures and review / approve eligible bond reimbursements, remitting all required documentation to lenders
• Prepare annual debt service expenditure budgets across the City’s separate debt service funds
• Maintain and timely update debt service software platforms for the City’s outstanding debt portfolio
• Prepare and maintain debt-related schedules to be included in City’s Annual Financial Report (ACFR)
• Monitor municipal bond market and collaborate with industry partners to identify potential refunding opportunities, which could save money for the City/taxpayers due to reduced debt service costs
• Participates / leads meetings on City financings and reviews legal financing documents and coordinates and/or completes required City actions
• Creates and maintains an investor relations webpage
• Perform related ad hoc financial analysis upon request

Education and Experience:
Bachelor's degree in Accounting, Finance, Business or Public Administration, six years of professional finance, budget analysis or accounting experience which includes experience with Generally Accepted Accounting Principles (GAAP) and/or public sector accounting and budgeting and two years of supervisory experience

OR

An equivalent combination of education and experience sufficient to successfully perform the essential duties of the job such as those listed above, unless otherwise subject to any other requirements set forth in law or regulation

Licensing/Certifications:

• Governmental Finance Officers Association (GFOA) Debt Management and/or Public Finance Officer certification preferred but not required.

Knowledge, Skills & Abilities:

• Knowledge of all types of municipal debt financings including Revenue Bonds, General Obligation Bonds, 2/3 General Obligation Bonds, Limited Obligation Bonds, Certificates of Participation, Installment Financing Agreements, Bank Loans and State Issued Revolving Loans
• Ability to collaborate with departments
• Ability to lead the debt financing process from initial document review through closing of deal; provide debt information and City metrics for Bond documents; manage process for any required Council approved actions; ensure timely execution on Bond document by all required City officials
• Ability to collaborate with Arbitrage Consultant to calculate and prepare required Arbitrage reports and make payments to IRS if necessary
• Manage bond proceeds through timely reimbursement of eligible debt appropriated capital expenditures; collaborate with respective departments on aged bond proceeds
• Maintain and update debt service models; perform ad hoc financial and debt analysis expeditiously, which at times requires collaboration with department, financial institutions, and/or Bond Counsel
• Ability to timely and accurately file necessary bond compliance items to online information repository, Bond Trustee and Underwriting Banks
• Ensure City maintains its AAA/AAa bond credit rating through timely and accurate payment of all debt service and debt related fees
• Knowledge of government budget principals, including monitoring of budgeted capital projects appropriated with the use of bond proceeds and to track capital expenditures to support bond reimbursements