Position DescriptionThis position will be responsible for issuing and managing the City’s indebtedness. The position leads the annual bond issuance process, acting as the main point of contact, establishing timelines, and managing communication with other City departments, municipal advisors, and other external organizations.
Work Location This position may be eligible for flexible work arrangements, including hybrid work with some days working remotely and some days working in the office.
The City of Minneapolis does not sponsor applicants for work visas.
Job Duties and ResponsibilitiesAct as point of contact for issuance of new debt and management of existing debt. Coordinate with municipal advisor and bond counsel to manage the issuance of new debt, including managing timeline, analytics, structuring, document preparation, market and interest rate analysis, rating agency presentations, sale coordination, and closing.Maintain debt database, debt management software, and manage the City’s investor relations platform.Work with City departments to understand capital financing needs, forecast capital project cash flows, and maintain bonding authorization amounts.Prepare and manage cash flow models to monitor spending of bond proceeds and forecast future capital funding needs.Coordinate post-issuance compliance activities, arbitrage compliance and monitoring, and continuing disclosure requirements.Prepare documents and materials and manage timelines for required action by the City Council or Board of Estimates and Taxation (BET).Manage recurring processes and procedures of debt management.Prepare bond redemption tax levy statements for budget.Produce routine and ad hoc reporting and analytics of City indebtedness and municipal bond market.Collaborate with Senior Debt Analyst on debt service expectations, payment processing, and verifying funding sources. Coordinate with the Senior Investment Analyst on investing of bond proceedsManage required vendor contracts, exercise amendments and extensions, and initiate RFP processes as required.
WORKING CONDITIONS: Regular Indoor Office Setting.
Required QualificationsMinimum Qualifications
Bachelor's Degree in Finance, Accounting, Economics, Math, Business or Capital Markets
Minimum Experience
Five to seven years of experience in debt capital markets, bond underwriting, or municipal advisory. Bond underwriting, municipal advisory, fixed income trading, governmental finance/accounting
Equivalency
An equivalent combination of education and highly related experience in a similar environment may be considered.
Selection ProcessThe selection process will consist of one or more of the following steps: a rating of relevant education and experience and/or an oral examination (100%). It is important that your application show all the relevant education and experience you possess. This information will be used to determine which candidates will proceed in the selection process. A submitted application is also used to verify the answers to any supplemental questions. Only those candidates who attain a passing score (70%) on each step in the selection process will be placed on the eligible list. The City of Minneapolis Human Resources Department reserves the right to limit the number in any phase of the selection process.
Background CheckThe City has determined that a criminal background check and/or qualifications check may be necessary for certain positions with this job title. Applicants may be required to sign an informed consent form allowing the City to obtain their criminal history and/or verify their qualifications in connection with the position sought. Applicants who do not sign the informed consent form will not be further considered for the position.
Drug and Alcohol TestingAll job applicants must pass a pre-employment drug and alcohol test once a conditional offer of employment has been made. Applicants will be required to sign a notification and consent form prior to undergoing drug and alcohol testing. Applicants who do not consent to undergo drug and alcohol testing will not be required to do so and the City will withdraw the conditional job offer, resulting in the job applicant no longer being considered for the position.
Union RepresentationThis position is represented by a collective bargaining agreement between the City of Minneapolis and the Minneapolis Professional Employees Association (MPEA)
. For more information on the terms and conditions of this agreement please visit: Professional Employees - City of Minneapolis (minneapolismn.gov)
Eligible List StatementThe names of applicants who meet minimum qualification and who pass the screening process shall be placed on the eligible list for employment consideration. This list will be certified to the hiring manager who may use the list to fill a vacancy of the same job title. This eligible list will expire
one months after it has been established.
Interview SelectionThe hiring authority reserves the right to determine the maximum number of candidates to interview from the established eligible list. If the hiring authority decides to interview other than by exam score order, they may select additional people to interview based on a candidate’s education or experience related to the field, work history, or skills uniquely related to the operational needs of the position.
Knowledge, Skills and AbilitiesKnowledge of GAAP & GASB as they refer to municipal debtTechnological aptitudeQuantitative aptitudeFamiliarity with MSRB, SEC, or FINRA rules and regulationsExperience in public finance and debt issuanceCPA, MBA, and IRS Training desired
Benefits SummaryOur employees enjoy competitive salaries and generous benefits. We pride ourselves on a comprehensive benefits program that supports employees' health and financial well-being. Programs, resources, and benefit eligibility varies based on position, average hours worked, location and length of service. For detailed benefits information, please visit the benefits page .
New 12 weeks of paid parental leaveCity employees are eligible for up to 12 weeks of paid parental leave in the event of a birth or placement for adoption of a child.
InsuranceHealth insuranceEligibility for benefits begins the first of the month following employment date. The City of Minneapolis offers eligible employees one plan design with a choice of six provider networks, allowing you to select the best option for you. Available plans include Medica Choice Passport, Medica Elect, VantagePlus with Medica, Park Nicollet and HealthPartners Medical Group First with Medica, Ridgeview Community Network powered by Medica, and Clear Value with Medica.
Dental insuranceThe City of Minneapolis offers dental insurance through Delta Dental of Minnesota and pays 100% of the monthly premium for eligible employees.
BenefitsPaid time offOur generous leave package includes vacation, holidays and paid sick leave, which gives employees the opportunity to enhance their quality of life outside work. Amounts and accrual rates are based on years of experience and collective bargaining agreements .
RetirementCity employees earn a pension and may choose to participate in additional retirement savings programs.
- Pension: The City of Minneapolis participates in the Public Employees Retirement Association (PERA). Employees and the City both contribute a percentage of your pay to fund future benefits.
- Deferred compensation: Employees may choose to participate in pre-tax or after-tax savings plans through the Minnesota State Retirement System (MSRS).
TransportationEligible City employees may choose to participate in the following transportation programs:
- Metropass: The Metropass program allows eligible employees to enroll in a pass for unlimited bus or light rail rides at a discounted price.
- Parking or Van Pool: The City of Minneapolis Transportation Benefits Plan gives you options to pay certain commuting costs, such as qualified parking and van pool expenses, with pre-tax dollars.
Learning and developmentTo engage and develop employees, the City of Minneapolis offers classes in leadership, cultural agility, change management and more. Additionally, educational discounts at Augsburg University, Hamline University, St. Catherine’s, and St. Mary's University of Minnesota are available to City employees.
Other perksEmployees can also take advantage of optional life insurance, flexible spending accounts, the Employee Assistance Program , health club discounts and more.
Closing Date/Time: 8/28/2024 11:59 PM Central
