Description
About the Role
Under the supervision of the Debt Manager, the selected candidate will be responsible for the following: administering of the Authority’s Variable Rate Master Note Program; serving as back-up for the administration and issuance of Commercial Paper; the processing of lost bonds, Security Manager for various on-line banking systems; assisting staff members with the gathering of information during the due diligence process, as well as performing other various functions in connection with issuances of Port Authority obligations; preparing various reports on a daily/weekly/monthly basis, as well as a quarterly financial report for our rating agencies; and special assignments as needed.
Responsibilities
Administering outstanding debt obligations, including the payment of debt service and preparation of redemption notices
Assisting in the issuance of various debt instruments
Analyzing outstanding debt portfolio and offering recommendations for refunding opportunities
Reviewing and administering various agreements and contracts in connection with debt issuances
Preparing various authorization documents and associated PowerPoint presentations for executive level staff
Assisting with the preparation of the division’s budget and associated variance analysis
Preparing various reports and handling any special debt related projects
Minimum Qualifications
Bachelor’s degree in finance, Business, Economics, Accounting, or another related field. In lieu of a bachelor’s degree, 3-5 years’ experience in debt management and/or treasury related functions for another municipal issuer.
Extensive knowledge of municipal debt products, financial modeling and present value calculations
Specific knowledge of variable rate debt products and other debt products, as well as associated agreements and contracts
Strong analytical, organizational, problem-solving, verbal and written communications skills
Proficiency using Excel, PowerPoint and MS Word
Desired Qualifications
A master’s degree in finance, Business or Accounting is preferred.
Demonstrated knowledge of the various debt instruments utilized by the Port Authority.
Understanding of the Port Authority’s Capital Plan and its relationship to debt issuance.
Experience with the Port Authority’s budgeting process
Knowledge of SAP and DBC Finance is highly desirable
Selection Process
The application process varies by position, but typically includes an initial phone interview for qualified candidates, followed by a more in-depth interview(s) and/or assessment(s). Selected candidates who are made a conditional job offer will be asked to undergo a background check.
Compensation & Benefits
The Port Authority of New York and New Jersey offers a competitive benefits package, hybrid work options for many positions, and a professional environment that supports development and recognizes achievement.
Click here (https://www.jointheportauthority.com/pages/working-here) for more information about benefits, our culture, and career development opportunities.
REQNUMBER: 62252
