Job Description
Salary: $123,793-$156,224
The New York State Environmental Facilities Corporation (EFC), a public benefit corporation, aids local governments, and other eligible applicants throughout New York State to undertake critical water quality infrastructure projects by providing access to low-cost financing capital, grants, and expert technical assistance. EFC provides financial assistance from both federal and State sources in the form of loans, grants and guarantees as well as from the proceeds of tax-exempt and taxable revenue bonds in pooled and stand-alone public bond sales.
EFC is committed to fostering an inclusive workplace that values respect, diversity, and the unique perspectives of all individuals. To support our employees, EFC provides an outstanding benefits package similar to that offered to New York State employees. Our total compensation package includes, but is not limited to, leave benefits (Paid Parental Leave, 13 holidays and paid vacation, sick, and personal leave); a comprehensive health insurance program including medical, prescription drug, dental, and vision plans; and membership in the NYS and Local Retirement System, which is a defined retirement plan, or the Voluntary Defined Contribution Program.
Position Description
The Director of Public Finance reports to the Chief Financial Officer (CFO) and works closely with the leadership team within EFC. The Director of Public Finance is responsible for leading the Public Finance Unit, which is responsible for investments, bond issuance, debt portfolio management, reporting, and disclosure.In addition, the Director of Public Finance will review policies and procedures and implement improvements to processes within the Public Finance Unit.
Essential Duties
Identify market opportunities and transaction structures to maximize savings delivered to New York State municipalities.
Monitor EFCs portfolio of outstanding debt; ensure compliance with continuing disclosure requirements and maintain communication with ratings services.
Lead a team in the development of financing structures to comply with NYS Local Finance Law, recipient enabling legislation, financing documents, and State Revolving Fund (SRF) restrictions.
Manage financing structures to increase the scale of capital deployment to support policy goals and maintain program liquidity.
Manage EFC cash flow and permitted investments to address liquidity needs, preserve capital, mitigate risk, and maximize returns.
Maintain relationships with underwriters, financial advisors, banks, government agencies, financing recipients, and other stakeholders.
Ensure adherence to finance policies and procedures to maintain internal controls and minimize risk.
Collaborate with EFC staff in the accurate and timely preparation of financial statements, Board materials, press releases, and internal management reports.
Ensure consistent data collection, analysis, and reporting.
Supervise staff including prioritizing and assigning work; conducting performance evaluations; training; ensuring that employees follow policies and procedures; and making hiring, termination, disciplinary, and promotional recommendations.
Qualifications
10 years of experience in a public or private sector organization with responsibilities managing the issuance of municipal bond transactions, including at least 5 years of experience in a management role.
Bachelors degree in business or public administration, finance, economics, or a related field. MBA, MPA, or CFA preferred.
Strong background in public finance and experience working with transaction working groups including investment bankers, financial advisors, bond counsel, underwriters counsel, and other consultants.
Demonstrated managerial effectiveness with the ability to engage, motivate, and mentor staff of diverse backgrounds and experience.
Experience managing a short-term liquidity program.
Experience managing financing indentures for credit quality, refunding opportunities, issue frequency and structuring.
Familiarity with State Revolving Funds preferred.
An equivalent combination of education and experience sufficient to perform the duties of the position may be considered, as determined by the Corporation.
Knowledge and Skills
Understanding of SEC, MSRB, EMMA, and the broader regulatory obligations related to issuing municipal debt.
Intellectual curiosity and demonstrated ability to analyze complex numbers and calculations.
Comfortable learning new data systems and manipulating large datasets.
Experience using data analysis and reporting tools to summarize and present findings from complex datasets.
Ability to identify and implement process improvements that optimize workflow and minimize financial risk.
Strong attention to detail and ability to manage complex financial calculations.
Excellent written and verbal communication skills, with the ability to convey information clearly and persuasively to varied audiences.
Proficiency in data analysis and financial applications, including DBC Municipal Finance Solution products, SAS, and Microsoft Excel.
Application Requirements and Related Information
Salary will be based on experience and qualifications, as well as market and business considerations.
In compliance with Public Law 99-603, candidates selected for appointment must provide, within three (3) business days of the employees first day of employment, an original copy of documentation proving citizenship and/or legal right to work in the United States.
It is the policy of the State of New York and EFC to provide for and promote equal opportunity employment, compensation, and other terms and conditions of employment without discrimination on the basis of age, race, color, religion, physical or mental ability, national origin, gender, sexual orientation, veteran or military service member status, marital status, domestic violence victim status, genetic predisposition or carrier status, or arrest and/or criminal conviction record, unless based upon a bona fide occupational qualification or other exception.
All individuals with disabilities are encouraged to apply to positions that they are qualified to perform. It is the policy of EFC to provide qualified persons with disabilities an equal opportunity to participate in and receive the benefits, services, programs, and activities of EFC, and to provide such persons with reasonable accommodations and reasonable modifications as are necessary, to enjoy such equal opportunity, including accommodations in the recruitment process.
EFC will provide reasonable accommodation to ensure effective communication of information to individuals with disabilities. If you need an auxiliary aid or service to make this information available to you, please contact EFCs Human Resources Office at (518) 486-9267.
It is the policy of EFC to provide reasonable accommodation for religious observers.
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