Financial Analyst I- II

FINANCIAL ANALYST I/II

Position Summary:  Under the general direction of the Senior Finance Officer collects, reviews, analyzes and reports upon data and information related to the lending programs and debt issuance of the Corporation for purposes of management overview or as required pursuant to outstanding financial and credit agreements. 

Reports to:  Senior Finance Officer and CFO

OVERVIEW

This is a position with responsibility in the areas of financial analysis of detailed and complex projections utilizing sophisticated and specialized mid-range computer systems and microcomputer system-based software applications.  Intra-departmental coordination is often required in the performance of assigned duties as well as contact with varied members of the financial community both domestically and abroad.  The incumbent is expected to be able to summarize financial related information for presentation or distribution to management and interested parties outside the Corporation.  The incumbent is expected to also become knowledgeable with the financial statements of the Corporation and be able to discuss and summarize them with interested parties.

SUPERVISION RECEIVED AND EXERCISED:  Exempt, non-supervisory position.

Examples of Duties

Maintains the master interest rate setting system for all of AHFC's lending programs and produces interest rate schedules for distribution to staff and seller/servicers of the Corporation.  Tracks benchmark interest rates used in the calculation of certain interest rates and cost of funds.

Maintains a variety of information related to programs of the Corporation and economic factors influenced by or affecting such programs.  Formats information in a manner easily comprehended and evaluated.

Reviews financial agreements for items requiring certification or analysis.  Assembles the information necessary for the required analysis and prepares appropriate projections and computations.  Drafts certificates to be filed pursuant to the terms of the financial agreements.

Prepares various summaries of significant terms of bond obligations and other financial agreements.  Reviews provisions of the various general and supplemental bond resolutions, note agreements, bond insurance, standby bond purchase agreements, letter of credit agreements and various other financial agreements for compliance with expressed covenants.

Reviews and evaluates certain aspects of proposed financings for AHFC.  Such analyses range from the review and familiarity of the program side, the structured finance aspects of the debt itself, to preparing for the ongoing compliance required with respect to both tax law and the covenants of the Corporation to third party credit enhancement.

Tracks arbitrage and yield restriction aspects of certain tax-exempt transactions and performs the necessary calculations under the direction and supervision of the Senior Finance Officer.  Required to review and interpret IRS Rules and Regulations with the assistance of tax counsel.

Responds to inquiries from bond and note dealers, investors, rating agencies, and providers of credit enhancement regarding the status of outstanding debt obligations of the Corporation as well as the underlying collateral.

Overviews the preparation and maintenance of the Corporation's trust and indenture requirements as a means for assuring that fiscal compliance matters are adhered to in a timely manner.

Prepares cash flow and bond coverage calculations with the assistance of and under the supervision of the Senior Finance Officer as necessary to fund the acquisition of mortgages from the proceeds of debt issuance.

Selects the mortgage loans for funding and assures timely funding of mortgages into trust in exchange for the disbursement of proceeds of bonds and notes.

Applies knowledge of analysis, compilation, information processing, financial modeling, and computer applications to other operational areas within the Corporation. 

Maintains and verifies the accuracy of certain financial management reports including the monthly Mortgage and Bond Disclosure Report.

Determines, with the appropriate bond trustee, the amount of excess funds available for special mandatory redemptions and performs redemption analysis.

Calculates mortgage loan pool prepayment speeds by bond issue to assist Finance staff and underwriters in structuring Corporation debt issues and assisting potential investors and creditors in investment decisions.

Prepares monthly cash flows, pledged revenue certifications and debt issue budgets as required by existing financial covenants for outstanding debt issues of the Corporation.

Manages several programs that recycle prepayments of mortgage loans and prepares cash flow analysis as required by outstanding trust agreements for such recycling programs as allowed under the respective agreements.

Creates and updates a number of bond and mortgage loan related reports for distribution to investors, dealers, and financial analysts and assists in the preparation of the footnotes to the Corporation's Financial Statements.

Calculates feasibility of AHFC to execute open-market purchases of its own bonds for retirement as market conditions and Bond Indenture requirements permit.

Coordinates with the Senior Finance Officer the investment of monies until such monies are required for business operations.

Manages a significant portfolio of trusted funds as a separate investment activity in the area of Financial Management by using AHFC's Investment Reporting System (Clearwater).

Maintains and uses AHFC's Investment Reporting System to verify compliance with the Fiscal Investment Policies of AHFC.  Uses the System to monitor required investment agreement deposits, the amount of overnight sweep funds, un-invested cash amounts and generate customized reporting for the reviewing AHFC's portfolio of investments.

Coordinates and verifies the collateral held by third party custodians on behalf of AHFC bank deposits and investments.

Summarizes and verifies the accuracy of certain financial management reports.  Develops, maintains and prepares periodic reports to senior management regarding interest rate levels within various capital markets of interest to the Corporation.

Manages the issuance of short term-debt obligations including commercial paper and reverse repurchase agreements in the course of managing liquidity and other needs.

Expected to cross-train with other staff to achieve an overlap of familiarity among responsibilities for operational continuity.

Performs other duties as required.