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Debt Management Officer
 
JOB CODE:100760
 
PAY GRADE:2270
 
SALARY RANGE:$51,445 - $71,212
 
LOCATION OF WORK
Finance Department
 
GENERAL DESCRIPTION
Under the direction of the Finance Director and Accounting Division management, performs highly responsible professional and administrative work in the coordination of all financial matters for the issuance of City-Parish debt. Work involves responsibility for Finance Department team planning and approval of all capital debt, as well as conferring with City-Parish bond counsel and other financial consultant team members on the issuance of long-term debt. The employee of this class reviews all debt legal agreements for financial matters and deals with the bond rating agencies. Work is of an independent nature and is reviewed for end results. Performs other work as requested.
 
ESSENTIAL WORK TASKS
Assists in the monitoring of debt related major capital improvement programs such as the Parish-wide sewer improvements project. Performs special projects as assigned by the Director and/or Assistant Director of Finance. Reviews all legal documents (bond resolutions, official statements) regarding a proposed bond issue(s) and make the necessary changes that will safeguard the City-Parish's financial interests. Sizes all bond issues using Mun-Ease, The Municipal Bond Manager software; develops a cash draw-down schedule, which Mun-Ease uses to size the bond issue. Calculates True Interest Cost and verifies revenue bond parity tests for all new debt issues; verifies True Interest Cost for all bidders. Calculates the Arbitrage Yield Limit (AYL) for all new and outstanding bond issues. Reports the AYL on IRS Form 8038 that is prepared on behalf of the City-Parish. Prepares and reviews Debt Service Schedules for all current and future City-Parish bond issues; prepares a Combined Debt Service Schedule for all sales tax bonds to determine the highest year's debt service for each issue type. Prepares calculations, to determine whether it is economically feasible to refund (refinance) an existing bond issue(s). Attends meetings of the Finance and Executive Committee and the Metropolitan Council in order to present financial information on proposed bond issues; represents City-Parish government at the State Bond Commission meetings for approval of items on City-Parish debt.
 
KNOWLEDGE, SKILLS, AND ABILITIES
Knowledge of modern principles, practices and procedures of public financial administration with emphasis on accounting, auditing, and budgeting procedures. Knowledge of The Plan of Government provisions, ordinances, and state laws governing the financial administration of local government. Knowledge of the functions, organization, staffing and operating procedures of various City-Parish agencies and state fiscal agencies. Knowledge of procedures and techniques used in office administration. Skill in the operation and care of calculators, computers and other office machines used in connection with accounting work. Ability to evaluate established accounting systems, procedures, records and controls. Ability to express ideas clearly and concisely, orally and in writing. Ability to analyze accounting, financial and statistical statements and reports. Ability to plan and carry out the accumulation and analysis of fiscal and operational data for administrative purposes. Ability to establish and maintain effective working relationships with the public, City-Parish employees, and officials, and to exercise initiative and judgment in difficult situations. Ability to use a computer for word processing and spreadsheet applications. Ability to apply good work habits such as punctuality, reliability, preciseness, and dependability in order to effectively complete assigned tasks and contribute to the smooth operation of the department and division.
 
MINIMUM REQUIREMENTS
EDUCATIONAL AND EXPERIENCE
Bachelor's degree with at least twenty-four semester (thirty-six quarter) hours of a university professional accounting curriculum or Master's degree with at least twenty-one semester (thirty-one and a half quarter) hours of a university professional accounting curriculum, and five years professional level experience in accounting (auditing, budgeting, revenue collection, etc.).
 
SUBSTITUTIONS
Equivalent higher education in accounting may substitute for work experience; CPA may substitute for one year of work experience.
 
CERTIFICATIONS/LICENSES
None.
 
OTHER JOB ASPECTS
None.
 
NOTE:
The work examples described in this specification are intended only as an illustration of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from job performance requirements if the work is similar, related or a logical assignment to the job.