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Financial Analyst
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Job Duties:
The Department of Finance, Debt Administration team oversees the issuance and sale of the City's bonds; performing analysis, ensuring timely payment of debt service for bonds and the Agriculture Reserve program, coordinating continuing disclosure filings and overseeing an arbitrage compliance program. We are seeking a motivated individual to join our collaborative debt team as a Financial Analyst, responsible for handling the following duties:
- Review the annual continuing disclosure tables prepared by the Public Utilities and Public Works Finance Officers.
- Review and approve monthly reconciliations of bond proceed accounts.
- Coordinate invoice processing for paying agent, trustee, escrow agent, arbitrage consultant, municipal advisor, verification agent, investment advisor and bond counsel.
- Responsible for updating and maintaining accurate and complete debt management records in DebtBook software, serves as SME.
- Assist in the preparation of financing documents including official statement and credit rating presentation.
- Assist in the preparation of notes, schedules, tables and workpapers for the Annual Comprehensive Financial Report (ACFR).
- Coordinate document preparation with City Attorney’s Office, Treasurer’s Office and Department of Agriculture for Agricultural Reserve Program (ARP) installment purchase agreements (IPAs).
- Track bond proceeds spending and coordinate reimbursement from the Virginia State Non-arbitrage Program (SNAP) with the Treasurer’s Office.
- Process monthly debt service payments in coordination with the Accounts Payable division and the Treasurer's Office throughout the fiscal year.
- Prepare, review and update policy and procedures manual.
The City offers a generous benefits package such as health, dental and life insurance, retirement, and savings plans. Other key benefits include:
Maternity/paternity and parental leave (after 1 year of service)
Tuition Reimbursement
Employee Assistance Program
Official City Job Description:
Working Conditions:
https://workingcondition-summary-prod.s3.amazonaws.com/B.006401.2.pdf
Minimum Requirements:
MINIMUMS: Bachelors degree in finance or related and seven (7) years of experience utilizing the knowledge, skills, and abilities associated with such positions as financial planner, financial manager, or investment manager OR an equivalent combination of education (above high school level) and/or experience equivalent to eleven (11) years in fields utilizing the knowledge, skills, and abilities associated with this position. SPECIAL REQUIREMENTS: All employees may be expected to work hours in excess of their normally scheduled hours in response to short-term department needs and/or City-wide emergencies.
Additional Requirements:
DMV Transcript: Not Required
CDL: Not Required
DOT History: Not Required
CPS Check: Not Required
Physical: Not Required
Respirator: Not Required
Polygraph Review: Not Required
Psychological Screening: Not Required
Attachments Required: Resume
Cover Letter
Preferences:
- Bachelor's degree in finance, economics, accounting, business or public administration.
- Experience analyzing, interpreting, and implementing government regulations and policies.
- Demonstrated experience analyzing and communicating complex financial concepts to diverse audiences.
- Experience managing long-term multi-departmental projects.
- Demonstrated experience collaborating with internal and external peers and project team members.
- Experience drafting financial procedures or reports.
- Demonstrate technical writing skills and project management experience.
- Experience with cloud-based software or ERP system
- Experience working, interning or volunteering in state or local government
Special Instructions:
- Please complete the application in its entirety and include your resume if required by the posting.
- Your responses to any "Supplemental Questions", if attached to this requisition, must be supported by the information you provide on your application and/or resume; or otherwise demonstrated during the hiring process.
- You will not be able to access the details of this job ad once the closing date has passed. If you would like to retain this information, please take a screen shot or print using your browser's printing capability.
VRS Contribution: All full-time employees are required to contribute 5% of annual salary toward their retirement account; in accordance with VRS retirement provisions. This will be handled through a pre-tax payroll deduction.
Drug Free Workplace: The City of Virginia Beach maintains a drug free workplace.
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