Infrastructure Debt Manager (Grants, Loans, and Programs Manager 3)

State of Oregon • Salem, OR

9d • Hybrid

About The Position

Are you passionate about shaping Oregon’s infrastructure future? Business Oregon, the state’s economic development agency, is seeking an experienced leader to ensure accurate debt management and compliance across infrastructure programs. In this role, you’ll help safeguard public resources, maintain transparency, and support projects that enhance community safety and economic vitality statewide. Business Oregon is currently hiring an Infrastructure Debt Manager (Grants, Loans, and Programs Manager 3). This position will provide strategic leadership and expert oversight of the Bond Bank Program and related infrastructure funding initiatives, ensuring the effective issuance, management, and compliance of municipal debt. This position serves as the Department’s principal authority on debt management, disclosure, and tax compliance, and is responsible for aligning financing strategies with statewide infrastructure goals. Note: We are committed to fostering a supportive work environment that promotes work-life balance and flexibility. This hybrid role offers partially remote work options, with the expectation of occasional in-office presence as needed to support business operations.

Requirements

• Seven years of supervision, management, or progressively related experience; OR four years of related experience and a bachelor's degree in a related field.

Nice To Haves

• Expertise in Municipal Bond Financing and Issuance Demonstrated ability to plan, structure, and manage municipal debt transactions, including compliance with federal tax laws and securities regulations.
• Strong Knowledge of Debt Accounting and Financial Analysis Demonstrated skills in debt capacity analysis, affordability studies, and reconciliation of bond debt accounts.
• Experience with Loan Underwriting and Loan Servicing Demonstrated ability to evaluate creditworthiness, structure loan terms, and manage loan portfolios effectively.
• Grant Eligibility and Program Compliance Knowledge Proven experience with state and federal grant requirements, eligibility criteria, and integration with infrastructure financing programs.
• Leadership and Team Management Proven experience managing mid- to lower-level managers, supervisors, or a team of upper-level professionals, fostering collaboration, and mentoring for performance and career growth.
• Exceptional Communication and Stakeholder Engagement Demonstrated skill in presenting complex financial information clearly to rating agencies, elected officials, and interagency partners.
• Strategic Planning and Policy Development Demonstrated ability to develop and implement debt management policies, monitor market trends, and align financing strategies with statewide infrastructure goals.

Responsibilities

• Supervise Public Finance Officers responsible for infrastructure funding programs.
• Oversee project development, financing coordination, asset management, contract monitoring, and program accountability.
• Supervises Targeted Capital Manager 2 responsible for Seismic Rehabilitation, Child Care and Brownfields programs.
• Plan, structure, and coordinate the issuance of municipal bonds through the Bond Bank Program.
• Analyze and recommend financing strategies in collaboration with the CFO and Infrastructure Finance Authority (IFA).
• Ensure compliance with federal tax laws, securities regulations, and state statutes governing municipal debt.
• Serve as the Department’s Disclosure and Tax Compliance Officer.
• Oversee the preparation and filing of official statements and continuing disclosure documents.
• Act as the primary liaison with bondholders, rating agencies, the State Treasurer, and other financial stakeholders.
• Lead the procurement and management of professional services contracts for bond counsel, disclosure counsel, financial advisors, and compliance consultants.
• Review and update debt management policies, procedures, and the Bond Bank Program Manual.

Benefits

• Family Friendly Work Life Balance: Paid time off, 11 holidays, 3 personal days & optional short- and long-term disability benefits.
• Take Care of Yourself and Your Family: Comprehensive employee benefits, choice of medical plans, vision plan, life insurance, employee assistance program.
• Invest in Your Future: Pension plan, deferred comp, short- and long-term disability plan, flexible spending accounts for healthcare and dependent care.
• Be Appreciated: Employee recognition events, agency unique employee recognition program allowing for additional leave options such as vacation buy-out and sick leave roll-over, dynamic employees doing impactful work.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager