Job Description

Position Summary

The Assistant City Treasurer for Debt will support the City Treasurer’s Office in managing the City’s comprehensive debt portfolio that provides capital funding for core City credit operations. CTO manages approximately $9 billion in debt across all City credits (General Fund, Airport, Water, and Gas) and approximately $250 million of derivatives and approximately $1.3 billion of credit products. The Assistant City Treasurer will report to the Deputy Treasurer for Debt Management.

The Assistant City Treasurer is responsible for assisting with the coordination of municipal debt transactions, initiating debt service payments, and supporting activities to ensure compliance with the City’s continuing disclosure requirements. The position works closely with various internal City departments, including the Office of the Director of Finance and the Budget Office, and external consultants, bond counsels, and financial advisors to successfully accomplish job responsibilities. Work includes coordinating bond issuance process with City advisors and evaluating financing and refunding proposals received by the City. The Assistant City Treasurer will interpret assignments, analyses, policies and procedures in order to carry out the daily business objectives of the City’s debt management functions and timely payment of debt service. Work is performed with some independence, but functions well in tandem with a professional superior for program effectiveness and conformance with established goals, objectives and policies.

Essential Functions

• Assist Deputy Treasurer with the maintenance of the City debt portfolio, and evaluation of financing proposals.
• Initiate debt service payments, totaling over $800 million annually
• Assist Deputy Treasurer with the management and updating of internal database of outstanding debt, letters of credit and derivatives on a monthly basis, and performing related analyses as needed.
• Work with multiple department heads/deputies to coordinate the updating of City appendices to primary market disclosure documents
• Support both the preparation and execution of financing transactions through review and update of financial documents and presentations, collection of City signatures, and record management.
• Provide support for the City’s continuing disclosure requirements.
• Assist the Deputy Treasurer with the maintenance of the City’s investor site and debt sections of Treasury website.
• Prepare PowerPoint presentations for use in rating agency, investor and credit conference communications.
• Organize, track and maintain analyses, reports, and correspondence relating to external financial advisors, counsel, and investment banks.
• Performs related duties as required.

Competencies, Knowledge, Skills and Abilities

Must possess a basic understanding of finance, which includes knowledge of time value of money and compound interest principles, and an awareness of bond and treasury markets.

Must have strong proficiency of Microsoft Excel or financial spreadsheet applications. Experience with financial programs such as DBC Debt Manager or other debt management software is a plus.

Ability to think analytically, read and understand laws and regulations impacting municipal finance activities, and evaluate financing proposals submitted to the City.

Ability to meet critical operational processing deadlines and complete assignments and tasks in an accurate and timely manner.

Must possess strong presentation skills and be able to communicate effectively with a broad spectrum of internal and external stakeholders.

Qualifications

Bachelor's degree in Finance, Math, Economics or a similar field; or any equivalent combination of experience, education, and training.

Additional Information

TO APPLY: Interested candidates must submit a cover letter, resume, and references.

Salary Range: $53,500- $70,000

Discover the Perks of Being a City of Philadelphia Employee:

• Transportation : City employees get unlimited FREE public transportation all year long through SEPTA’s Key Advantage program. Employees can ride on SEPTA buses, subways, trolleys, and regional rail for their daily commute and more.
• Parental Benefits: The City offers its employees 8 weeks of paid parental leave.
• We offer Comprehensive health coverage for employees and their eligible dependents.
• Our wellness program offers eligibility into the discounted medical plan
• Employees receive paid vacation, sick leave, and holidays
• Generous retirement savings options are available
• Pay off your student loans faster - As a qualifying employer, City of Philadelphia employees are eligible to participate in the Public Service Loan Forgiveness program. Join the ranks of hundreds of employees who have already benefited from this program and achieved student loan forgiveness.
• Unlock Tuition Discounts and Scholarships - The City of Philadelphia has forged partnerships with over a dozen esteemed colleges and universities in the area, ensuring that our employees have access to a wide range of tuition discounts and scholarships. Experience savings of 10% to 40% on your educational expenses, extending not only to City employees but in some cases, spouse and dependents too!

Join the City of Philadelphia team today and seize these incredible benefits designed to enhance your financial well-being and personal growth!

_ *The successful candidate must be a city of Philadelphia resident within six months of hire_

Effective May 22, 2023, vaccinations are no longer required for new employees that work in non-medical, non-emergency or patient facing positions with the City of Philadelphia. As a result, only employees in positions providing services that are patient-facing medical care (ex: Nurses, doctors, emergency medical personnel), must be fully vaccinated.

The City of Philadelphia is an Equal Opportunity employer and does not permit discrimination based on race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, source of income, familial status, genetic information or domestic or sexual violence victim status. If you believe you were discriminated against, call the Philadelphia Commission on Human Relations at 215-686-4670 or send an email to faqpchr@phila.gov.

For more information, go to: Human Relations Website: http://www.phila.gov/humanrelations/Pages/default.aspx