Debt & Investment Administrator

Position Summary

The Debt and Investment Administrator oversees the District’s debt portfolio, including long-term bonds and short-term loan programs such as revolving credit agreements or commercial paper and the associated capital spend tracking required for each.  Charged with maintaining current and new letters of credit with customers and in compliance with current contractual agreements.  Also responsible for managing investments of District funds in accordance with bond resolutions.  Additionally, the candidate will assist with the preparation of corporate budget and rate outlook that complies with bond resolutions.

Education, Training and Experience

Bachelor of Science Degree in Finance, Accounting, or Business and five years of professional business, utility experience and/or relevant experience as listed below.

Prior Related Experience: 

Experience in debt management and investments within a financial institution/industry with at least five years’ experience preferred. Demonstrated success in managing large fixed-income investment portfolios is preferred.

Possess knowledge of financial and capital markets, including issuing taxable and tax-exempt debt, banking operations, investment strategies, accounting principles, securities compliance, and treasury systems.

Knowledge of financial instruments including variable-rate debt, derivatives and swaps.

Familiarity with current banking practices and relationship management is preferred.

Proficient in Microsoft Office Suite required; experience with SAP and Bloomberg is preferred.

Strong verbal and written communications skills.

Capable of working independently and making timely, informed decisions.

Exceptional customer service and relationship-building skills.

Licenses and/or Certifications

As an authorized signatory of the District, the incumbent must be eligible to obtain a public official bond and allow the Resource Planning and Risk Management group to take the necessary steps to obtain such bond.

Essential Duties & Responsibilities

Manages the District’s debt portfolio and ensures compliance with bond resolutions. Recommends alternative financing strategies to reduce debt service. 

Manages all debt payments, draws and renewals of revolving credit agreements, commercial paper and fixed-rate debt.

Maintains accurate debt schedules for long-term debt service and short-term credit agreements.

Applies analytical skills to monitor and evaluate debt-funded expenditures in relation to levels of service and associated capital projects.

Maintains private use schedules for tax-exempt debt. Monitors and maintains construction fund expenditure schedules.

Lead and assist in efforts related to required debt management, including debt service payments, Build America Bonds (BABs) subsidy receipt and arbitrage rebates. This includes but is not limited to timely Municipal Securities Rulemaking Board (MSRB)/Electronic Municipal Market Access (EMMA) required postings in compliance with continuing disclosure agreement. Prepares and submits IRS Form 8038-CP for qualified BABs bonds. Ensures compliance with the Arbitrage Rebate requirements under the Tax Code.

Maintains accurate records of all customer-issued letters of credit in accordance with contractual agreements.

Maintain effective relationships with bankers and brokers to ensure effective debt and investment services that result in competitive price negotiations.
Coordinate meetings, reports and transactions with financial advisor(s), bond counsel, commercial and investment bankers, outside auditors, rating agencies, bondholders, shareholders, trustees, government agencies and other utilities and industries in financial matters.

Coordinates documentation and meetings related to bond issuances, revolving credit program renewals, or other financing activities. This includes but is not limited to coordination with District business units subject matter experts, bond counsel and financial advisor(s) for report compilation of the preliminary official statement, official statement and all capital market financing related document demands.

Oversees investment strategies to ensure alignment with bond covenants and investment policies.

Prepares and provides debt and investment data for internal and/or external audits and annual reporting.

Essential Duties & Responsibilities (Continued)

Leads preparation of annual rating agency report and collaborates with District finance staff and District executives on report enhancements.

Manages month-end financial close for the Treasury & Finance department with primary focus on all debt of District and investment accounts that are debt related, and construction fund related. Collaborate with District business units to ensure accurate financial reporting.

Establishes benchmarks and performance metrics applicable for this position.

Work accurately and timely with internal and/or external auditor requests.

Provides investment income and interest expense projections for financial planning rate outlook and budget process across designated district funds.

Responsible for maintaining disclosure policies and procedures. Maintain a thorough knowledge of District policies and procedures.

Oversees the tracking and payment of all invoices, interest, and fees related to the District’s debt facilities and investment advisors.

Leads continuous improvement initiatives for the Debt and Investment Administrator processes.

Accountable for other duties as assigned.

Core Competencies