Principal Financial Analyst (Selective Certification - Municipal Debt) (Extended)

City of Oakland, CA•Oakland, CA

48d•Hybrid

About The Position

The City of Oakland is an equal opportunity employer that values workforce diversity, inclusion, and equity. Oakland has a long history of activism around issues of justice and equity. Both oppression and this resistance to oppression have shaped the city's historical roots and the lives of its residents to this day. As public servants in one of the most diverse cities in the nation, we strive to develop employees who understand the harm and impacts of systemic inequity to create lasting, meaningful outcomes for everyone. Oakland strives to establish an environment that embraces the richness of culture, community, and individualism of employees. The Finance Department provides quality government financial services to the City of Oakland. We manage the City's financial affairs with the highest degree of customer service, honesty, and integrity. We value teamwork, trust, accountability, and fiscal responsibility. The Treasury Bureau is one of the six bureaus within the Finance Department. Treasury is responsible for Cash and Investment Management, Debt Management for the City and Successor Agency, and administration of all City Retirement Systems. Debt management includes the issuance of new debt, maintaining and restructuring debt, and managing day to day investment portfolios. City debt issuances include general obligation debt for infrastructure and affordable housing, master lease agreements for equipment and vehicles, revenue bonds, and pension obligation bonds. The mission of the Treasury Bureau is to promote the conditions for fiscal prosperity and stability in Oakland. The City of Oakland is currently recruiting to fill one (1) Principal Financial Analyst (Selective Certification - Municipal Debt) vacancy within Finance's Treasury Bureau. This position supervises and oversees Municipal Debt functions and staff; initiates and coordinates bond transactions; creates, manages, and amends City Debt and Swap Policy; evaluates fiscal and credit impacts of proposed financings by various investment banks; optimizes the City's credit ratings; manages debt portfolio including monitoring bonds for refunding opportunities; maintains compliance with regulatory agencies; and reviews and performs sensitivity analysis to determine the best financing alternative for the City. We are looking for someone who is: Experienced in municipal debt financing. You have worked in a public finance institution or the finance department of a municipality, with experience specific to debt issuance and management. An excellent communicator. You will regularly interact with various departments and external consultants, conveying information that is accurate, clear, and concise. A proven leader. You are a role model and encourage others to accomplish goals and reach their full potential. An analytical and strategic thinker. You will be expected to develop and present meaningful conclusions after accessing and compiling information, facts, and data, and able to excel at problem-solving, decision-making, and developing action plans to achieve Treasury goals. A skilled multi-tasker who works well under pressure. You can manage multiple priorities while meeting deadlines and have a reputation for handling stressful situations effortlessly. A team player. You are a strong collaborator skilled at building meaningful connections across various departments and divisions, at all levels of the organization. In addition, you will need to display a strong commitment to working cohesively with Treasury's high-performing team. A strong writer. You will write staff memos, procedures, policy, and reports, both for internal and external consumption. It is important that you write clearly, compellingly, and in plain language with correct spelling and grammar to effectively convey information.

Requirements

A Bachelor's degree from an accredited college or university in business or public administration, economics, finance, accounting or closely related field.
5 years of computerized debt issuance analysis and management including one year supervisory role. Experience must be in a public finance institution or finance department of a municipality.

Nice To Haves

Experience in municipal finance, credit analysis, capital markets, or public policy
Experience with EIFD (Enhanced Infrastructure Financing District) financing
Experience using DBC Finance to conduct analytics is highly desirable.

Responsibilities

Managing a debt portfolio of $1.5 billion including new issuance and refunding of outstanding debt.
Managing post compliance related to debt issuance, such as continuing disclosure, debt service, etc.
Preparing and evaluating requests for proposals, reports, policies and procedures.
Spearheading bond issuance transactions, from putting the finance team together to closing the transaction.
Evaluating the fiscal and credit impact of financings to the City proposed by various investment banks.
Performing sensitivity and cash flow analysis to determine the best method of financing.
Preparing annual tax levy to the County.
Managing and supervising Treasury staff.

Benefits

Work/Life Balance: 37.5 hour work weeks, and hybrid per City telecommuting policy
15 paid holidays
Vacation: 2 weeks per year minimum with the ability to accrue more depending on public sector years of service
Retirement: CalPERS (California Public Employees' Retirement System) with a pension formula of 2.5% @ 55 (for Classic CalPERS members) and 2% @ 62 for new CalPERS members. Classic Employees contribute 8% of pre-tax wages. The City of Oakland does not participate in Social Security
Health: The City of Oakland pays the full cost of employee and eligible dependent coverage at the Kaiser rate. Other plans include Anthem, Blue Shield, United Health Care, and other HMO and PPO plans
Dental: Delta Dental full premium for employees and eligible dependents
Vision: VSP full premium for employees and eligible dependents
Sick leave: Employees accrue 12 days per year
Deferred Compensation: 457(b) pre-tax plan and an after-tax ROTH 401(k)plan
Other benefits include a Flexible Spending Account, Wellness Program, Employee Assistance Program, Tuition Reimbursement, Life Insurance up to $200k & Employee Training.