What are the responsibilities and job description for the Debt Management Specialist I position at City of Norfolk?
Norfolk, Virginia is America's most authentic and urban waterfront city. Home to the world's largest naval station and the business, arts, and cultural center of Coastal Virginia, Norfolk has been rated a top place to live, work, play, and raise a family by numerous publications. Working for the City of Norfolk is an opportunity to make a real difference in the lives of others. With our commitment to competitive pay and a strong retirement package, you can do good for your community and do well for yourself. Join a caring workplace that proudly celebrates uniqueness, authenticity, and a shared commitment to improving the lives of our residents.
The Department of Finance provides centralized structure and support for the City of Norfolk’s financial operations, to include financial reporting; debt and cash management; payroll; procurement; risk management; financial system administration and support; accounts payable; collections; and retirement. Finance’s Payroll Division is responsible for the timely and accurate processing of salaries, wages, and retirement system benefit payments for over 5,000 City employees and 4,000 retirement beneficiaries. The Payroll Division is also responsible for the processing, maintenance and integrity of data related to the management of timekeeping and absences. Through the provision of assistance and guidance, the Department of Finance is positioned to interact with just about every City department and is a great place to build a career. We work hard, but we also have fun and take care of our greatest resource, our people.
The City of Norfolk seeks candidates interested in working in or looking to start a career path in municipal finance. As part of a collaborative and dynamic Finance Department, the Debt Management Specialist I will perform analytical and technical work, including accounting and reporting, deal execution of debt issuances, ongoing disclosures and compliance for the City’s debt, along with a variety of analyses and projects. Reporting to the Debt Manager, this role will gain exposure to all key areas of debt management and municipal finance. The individual must work effectively both individually and in team settings and is always willing to lend a hand when needed to complete shared tasks.
The Debt Management Specialist I works with various directors and managers to coordinate the issuance of public debt for authorized projects or programs. This includes but is not limited to the following functions: analyzing and assisting in planning the City's long-range debt strategy in order to maintain the financial integrity and credit rating of the City; assisting in planning, coordinating, and administering the City's debt sales to acquire the most advantageous long-range financing; Assisting in structuring and selling cost effective debt and retains the services of various professionals for debt issuance; Ensuring compliance with regulatory requirements, performs administrative duties for budget preparation and debt service payments and coordinates meetings.
Work requires broad knowledge of accounting, budgeting, business administration, advanced statistics, or finance. Knowledge is normally acquired through four years of college resulting in a Bachelor's degree or equivalent.
Required:
One year of financial/economic forecasting experience or an equivalent combination of education and experience.
Preferred:
Bachelor's degree in business, finance, accounting, economics, public administration or related field.
One to three (1-3) years of experience preferred (including internship experience) in public finance, banking, financial services, accounting, financial/economic analysis, consulting, municipal government or related field, or any equivalent combination of training and experience.
Strong analytical, quantitative, verbal, written, and interpersonal skills.
Attention to accuracy and detail a must; ability to learn and use new technologies; excellent analytical, decision making, and problem-solving skills.
Ability to excel in a detailed and deadline-oriented work environment with a proactive, self-starting attitude.
Basic understanding of municipalities and municipal finance, fixed income, accounting, and local government operations are a plus.
Work Schedule:
Monday – Friday, 8:30am to 5:00pm
Signing Bonus:
This position is eligible for a $5,000 signing bonus.
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