Introduction
The City of Charlotte is the largest municipality in North Carolina and the 17th largest city in the United States, with a total population of more than 872,498 citizens. A major commerce center, Charlotte hosts several of the nation’s largest banks and technology companies.
Also known as the Queen City, Charlotte is home to the Carolina Panthers, the Charlotte Hornets and the NASCAR Hall of Fame. We work hard to ensure that the community will be a winning city for everyone – a truly remarkable place to live, work, learn and play. Join us in helping to keep our City thriving, ensuring upward mobility and advancement in the workplace.
Overview
The Finance Department partners with customers to achieve their service goals through sound management of finances. Finance provides strategic financial planning, accounting, and reporting services to the city, processes citywide accounts payable and accounts receivables, manages the investment of city funds and issuance of debt instruments, and provides risk control and prevention for the city.
Summary
The City of Charlotte Finance Department is seeking an Assistant Debt Manager in the Treasury Division. The Treasury Division is responsible for debt management and managing the city’s cash and investment portfolio. This position serves as member of the Debt Team which consists of the City Treasurer, the Debt Manager, and Assistant Debt Managers. The selected candidate will work with the Chief Financial Officer, the Treasurer Debt Manager, city staff, legal and financial professionals both inside and outside the organization in the oversight and management of the City of Charlotte debt portfolio. This position reports to the Debt Manager.
Major Duties and Responsibilities
• Ensuring that city debt payments are made on a timely and accurate basis
• Coordinating the process of obtaining reimbursement of city funds from debt proceeds
• Monitoring debt proceeds to ensure sufficient coverage of project expenditures
• Assisting in the maintenance of debt files including management of the MunEase debt management system
• Development of annual debt related budgets
• Management of the city’s variable rate debt including monitoring and payment of Liquidity and Remarketing agreements
• Development and updating of reports required to issue new debt including preparation of applications to the North Carolina Local Government Commission and provision of financial and other information to Bond Counsel
• Producing compliance documentation required by various City bond orders to assure compliance with local, state and federal laws regarding issuance of public debt
• Ensuring compliance with other reporting requirements
• Monitoring records and reports to ensure appropriate application of generally accepted accounting principles;
• Understanding financial and rate models (including fee and tax rates)
• Maintaining accurate filing of all debt related activity
• Participating in the annual financial reporting process related to debt
• Participating in other projects as needed or assigned
Knowledge, Skills & Abilities
• Progressive experience in municipal finance or a related field including debt issuance and financial modeling
• Familiarity with the regulatory framework for public debt including federal regulations pertaining to issuance of securities, arbitrage rebate, securities disclosure, and tax law and state statutes relating to local government debt in North Carolina
• Understanding of governmental accounting
• Prior governmental experience, preferably in management
• Strong written and oral communication skills
Preferred Qualification
• Master’s degree with three (3) or more years of relevant work experience
• Local government experience
Minimum Qualifications
• Bachelor’s degree in Finance, Economics, Public Administration, Business Administration or a closely related field with five (5) or more years of relevant work experience
• Or the equivalent combination of education and experience necessary to successfully perform the essential job functions
Salary
$88,615 to $98,461 annually commensurate with level of experience
Conditions of Employment
The City’s Background Check Policy requires background checks to be conducted on final internal or external candidate(s) applying for any position with the City of Charlotte. The type of information that will be collected as part of a background check includes, but is not limited to: reference checks, social security verification, education verification, criminal conviction record check, and, if applicable, a credit history check, sex offender registry and motor vehicle records check.
Background checks must be in compliance with all federal and state statutes, such as the Fair Credit Reporting Act (FCRA). The checks must be consistent with the guidelines set forth by these laws requiring organizations to obtain a candidate’s written authorization before obtaining a criminal background report, motor vehicle records check or credit report; and to properly store and dispose of information derived from such reports.
Final candidates must pass a pre-employment drug-screening test and physical examination. During the selection process, candidates may be asked to take a skills test, and/or participate in other assessments.
The City of Charlotte requires proof of COVID-19 vaccination as a condition of employment for any new City of Charlotte employees. The City is an Equal Opportunity Employer, and as such, will consider reasonable accommodations as required by law.
How To Apply
Apply online.
Federal law requires employers to provide reasonable accommodations to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job.
Anyone seeking an accommodation to apply for a job may call (704) 336-2285 for assistance or you may email questions to CityHrJobPostingsNotify@ci.charlotte.nc.us.
Benefits
The City of Charlotte provides a comprehensive benefits package to all employees.
Click here to learn more about the City of Charlotte’s benefits.
The City of Charlotte is a drug and alcohol-free workplace.
