Capital Finance Director (0941) - Finance division - SFO - (TEX)

City and County of San Francisco•San Mateo County, CA

6d•Hybrid

About The Position

SFO’s Finance Division seeks a highly skilled and collaborative Capital Finance Director to oversee the Capital Finance section. The Capital Finance Director formulates financing plans to support the Airport’s $12.5 billion CIP and develops comprehensive Plans of Finance for the Airport. This position oversees the management of investor relations to ensure market access for Airport debt, oversees the Airport’s credit ratings, and administers the Airport’s grants management program — including federal grant funding strategies, compliance oversight, and coordination with Capital Planning to maximize grant-supported project financing. The best qualified candidates will have considerable municipal and airport capital financing experience, familiarity with FAA and other aviation grant programs, and exemplify SFO’s Core Values. The Capital Finance Director is responsible for highly complex and sensitive financial programs that support the City and County of San Francisco and the Airport’s financial viability. The duties include: The Airport’s $12.5 billion Capital Improvement Program (CIP), developing and maintaining a long-range bond program oversight, Plan of Finance that sequences debt issuance with project milestones and market conditions. Structuring new money, refunding transactions, managing relationships with bond counsel, underwriters, financial advisors, rating agencies, preparation oversight of official statements and other offering documents. The $600 million Commercial Paper (CP) Program including securing letters of credit support and program authorization; analyzing and managing project cash-flow requirements from Capital Planning; issuance of paper, deposit, recording and tracking proceeds; managing commercial paper dealers; tax compliance and reporting; and supporting the Airline Majority-in-Interest (MII) review process. The Airport’s outstanding debt portfolio oversight – including fixed rate bonds, variable rate demand bonds (VRDBs) and CP for interest rate exposure, covenant compliance, and refinancing opportunities, and as needed Airport Commission and Board of Supervisors approvals and authorizations. The Federal Aviation Administration’s Airport Improvement Program (AIP) Grant Program and other grant programs, including directing the preparation of grant applications and programming documents; coordinating external audits and reviews; and ensuring strong fiscal management in the areas of compliance, monitoring of sources and use of funds, and monitoring of legislative activities for their impact. The Passenger Facility Charge (PFC) program ensuring compliance with strict FAA regulations regarding utilization of funds and reporting procedures. Perform other functions outlined in the 0941 Manager VI job classification.

Requirements

Possession of a Bachelor’s degree from an accredited college or university.
Four (4) years of managerial experience in finance.
At least two (2) years in a supervisory capacity.
At least two (2) years in municipal finance.

Nice To Haves

Extensive experience in the financing of capital projects related to the construction of physical infrastructure.
Extensive municipal financing experience on complex capital programs.
Experience in airport financing.
Demonstrated knowledge of airport and aviation operations to inform and support fiscal and financial planning.
Effective interpersonal and communication skills.
Ability to collaborate with and/or advise diverse groups of individuals including executive-level leadership.

Responsibilities

Oversee the Capital Finance section.
Formulate financing plans to support the Airport’s $12.5 billion CIP.
Develop comprehensive Plans of Finance for the Airport.
Oversee the management of investor relations to ensure market access for Airport debt.
Oversee the Airport’s credit ratings.
Administer the Airport’s grants management program, including federal grant funding strategies, compliance oversight, and coordination with Capital Planning to maximize grant-supported project financing.
Develop and maintain a long-range bond program oversight.
Structure new money and refunding transactions.
Manage relationships with bond counsel, underwriters, financial advisors, and rating agencies.
Oversee the preparation of official statements and other offering documents.
Manage the $600 million Commercial Paper (CP) Program, including securing letters of credit support and program authorization.
Analyze and manage project cash-flow requirements from Capital Planning.
Manage commercial paper dealers.
Ensure tax compliance and reporting for the CP program.
Support the Airline Majority-in-Interest (MII) review process.
Oversee the Airport’s outstanding debt portfolio, including interest rate exposure, covenant compliance, and refinancing opportunities.
Obtain Airport Commission and Board of Supervisors approvals and authorizations as needed.
Direct the preparation of grant applications and programming documents for the Federal Aviation Administration’s Airport Improvement Program (AIP) Grant Program and other grant programs.
Coordinate external audits and reviews for grant programs.
Ensure strong fiscal management in grant program compliance, monitoring of sources and use of funds, and monitoring of legislative activities.
Ensure compliance with FAA regulations for the Passenger Facility Charge (PFC) program regarding utilization of funds and reporting procedures.
Perform other functions outlined in the 0941 Manager VI job classification.