Chesapeake, VA (population 245,000) is an independent City established in 1963. The City has a FY 21 operating budget of $1.16 billion of which approximately one half is the school system budget. The City has a total of 3500 employees not including the School Division. Notably, the city has a AAA bond rating from each of the top three rating agencies, reflecting its commitment to financial planning and strong financial management.
The City of Chesapeake Debt Manager plans, directs, manages and oversees the debt management activities of the City under the direction of the Director of Finance – including development and monitoring of debt policies for compliance. The position provides central coordination of all City debt (with schools and certain component units) including general obligation, revenue and tax increment financing district improvement bonds, commercial paper, loans and other lines of credit facilities. For Bond Sales the Debt Manager will be expected to prepare official statements, create timelines, review legal documents, create rating agency and investor presentations, accounting and closing documents. The Debt Manager will maintain continuing disclosure and monitor post issuance compliance.
The position requires a bachelor’s degree in accounting, finance, economics or a closely related field and at least five years related financial experience, or an equivalent combination of education and experience that would demonstrate the skills and ability to perform the work. The ideal candidate would possess knowledge of municipal capital financing, municipal bond markets, arbitrage and tax compliance regulations; the ability to prepare comprehensive financial and economic reports, develop and analyze alternative financial strategies, and present ideas clearly and concisely.
Residency is not required. Send résumé, cover letter, and contact information for three professional references by September 11, 2020 to Sarah McKee, Senior Vice President, GovHRUSA. TEL: 224/282-8310. Apply online at www.GovHRJobs.com.
The City of Chesapeake is committed to compliance with the American Disabilities Act and is an Equal Opportunity Employer. Diversity and inclusion are critical to our success. We seek to recruit the most talented people from a diverse candidate pool and strongly encourage women, people of color, LGBTQ individuals, people with disabilities and veterans to apply.