|
Job Description
| FISCAL ADMINISTRATOR |
Job Code: 5019
Pay Grade: 022
FLSA Status: Exempt
|
| General Functions |
| |
Responsible for reviewing financial proposals, managing the issuance of long and short-term debt, identifying potential savings on existing debt, and working with County staff and financial consultants to implement financing techniques and programs. Highly responsible position requiring significant analytical, organizational, and communication skills.
|
| |
| Representative Duties /Assignments |
| |
Develops a complete understanding of the County's organizational structure, existing debt obligations, and short and long-term capital funding needs. Coordinates development of Request For Proposals (RFP) and evaluates proposals for financial services, ensures duties are performed and invoices for payment are processed in accordance with final contracts, and ensures funding availability. Prepares agenda items and correspondence to the administrative staff, which concisely outlines factors related to financing issues and recommendations. Works with various internal and external personnel including elected officials, division directors, department managers, finance professionals, financial advisors, bond attorneys, rating agency, and bond insurance personnel.
Evaluates proposals for public/private financing opportunities (i.e., Community Redevelopment Agencies/tax increment financing, developer incentives, etc.). Identifies potential savings opportunities, such as refunding, escrow restructuring, etc. Develops financial models and evaluates complex financing structures. Assists in developing financing plans for future capital project needs.
Works with departments to identify the most appropriate cost-effective financing mechanisms to meet their needs. Stays abreast of current financing topics including market conditions and innovative financing techniques being used by other local governments.
Manages the Commercial Paper issuance process. Participates in drafting RFP’s for services and selection of Commercial Paper related agencies (line of credit provider, dealer, etc.). Coordinates potential needs for funding with departments. Coordinates cash flow needs, prepares authorization for issuance, budget related documents, monitors expenditure of funds and spend-down requirements with the Comptroller’s Finance Department.
Manages all aspects of the bond issuance process. Evaluates potential for bond financing, determines the method of sale (competitive vs. negotiated), and makes recommendations to County Administration.
Manages the underwriter selection process. Ensures County Administrator's Office is aware of any policy and/or sensitive issues related to these financings. Coordinates with financial advisor(s), County staff, and other industry professionals to ensure successful completion of the financing. Resolves any areas of conflict between working group members and conveys County's position on policy related matters.
Works with rating agencies and bond insurers to ensure that the County receives the most favorable rating. Prepares all correspondence to the County Chairman and the Board of County Commissioners requesting authorization of bond financing and documents.
Participates in the pricing of bonds by working with financial advisors in the evaluation of market conditions, interest rates/yields. Represents Board in making pricing decisions on behalf of the County. Assists in developing presentation to the Board on the final outcome of the bond sale.
Work is performed under the direction of the Director of Fiscal Management.
|
| |
| Minimum Qualifications |
| |
Bachelor’s Degree in Finance, Political Science, Economics, Accounting, Public or Business Administration or a closely related field and four years experience in municipal bond financing including specific experience in lease financing, certificates of participation, commercial paper, banking industry, float agreements, escrow structuring, and municipal bond issuance and refunding; or a Master’s degree can substitute for two years of experience. |
4/30/2003
|
