Work for a vital department in a prominent and historic City!
The Department of Finance provides centralized structure and support for the City of Norfolk, to include: financial reporting; debt; payroll; procurement; risk management; fiscal systems support; accounts payable; collections; business process improvement; and retirement. Finance’s Financial Reporting Division is responsible for facilitating the City’s annual external audit, preparing the City’s Annual Comprehensive Financial Report (ACFR), and maintaining the integrity of the City’s general ledger accounting system. Through the provision of assistance and guidance, the Department of Finance is positioned to interact with just about every City department and is a great place to build a career. We work hard, but we also have fun and take care of our greatest resource, our people.
The Debt Manager is the leader of the City’s Debt Management Division, which resides within the Department of Finance. The Debt Management Division has significant organization impact, as it provides timely and reliable access to capital markets to finance major infrastructure projects throughout the City.
The Debt Manager oversees the City’s comprehensive debt program providing capital funding for core City operations, as well as the City’s four enterprise funds. This position is primarily responsible for developing strategies, managing processes and carrying out plans related to the approximately $1.5 billion debt portfolio. This includes being responsible for access to capital financing markets including maintaining the City’s credit ratings; providing expert specialized advice regarding capital financing strategies and debt planning, implementation, and compliance; implementing City financing transactions; managing and analyzing the City’s long-term and short-term debt for ongoing administration and compliance; maintaining relationships with associated service providers; and ensuring adherence with securities law, federal tax code, state statutes related to local government debt, City policies, and relevant best practices.
The Debt Manager understands the departments’ business needs and works toward effective and efficient solutions.