Career Details

FINANCE

DEBT MANAGER
posted : 07/01/2024
Status :
Open
Close Date :
07/14/2024
Salary :
66,035 - 99,053
Type :
FULL TIME
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General Job Description

Under minimal supervision, serve as the Debt Manager for the Horry County Finance Department. Provide strategic leadership for debt for the County and to position the County to take advantage of opportunities as they arise. Look for innovative solutions to capital finance issues, coordinate with consultants including the municipal advisor and seek options from investment brokers, banks and agents, proactively think ahead to improve the County processes, coach and mentor staff, participate in relevant county-wide governance and work groups and serve as a key advisor to the CFO. Participate with the Finance team managers in setting goals and providing direction for the entire department. Be part of a fun and dynamic finance team. Debt Manager will be responsible for debt management, borrowing strategy implementation and participating in executive-level discussions regarding financial policy and strategy. Reports to the Director of Finance. Under minimal direction, responsible for management and administration of all functions of the County’s debt management program. Responsibilities include: maintaining access to capital financing markets, including maintaining/upgrading the County’s credit ratings; providing expert specialized advice regarding capital financing strategies and debt planning, implementation, and compliance; implementing County financing transactions including ongoing administration and compliance and maintaining relationships with associated service providers; ensuring compliance with securities law, federal tax code, state statutes related to local government debt, County policies, and relevant best practices.

Duties for this Position
  • Manage execution of all County financing, such as bonds, bank loans, lines of credit, etc.; structure and implement financing transactions; prepare financial documentation; negotiate terms; draft and publish official disclosures for primary and secondary bond markets; draft/review legal documents; manage related service providers; ensure ongoing compliance and administration.
  • Maintain positive relationship with County’s Financial Advisor
  • Develop and implement policies, procedures, and best practices of the Government Finance Officer Association related to debt management and other Countywide financial or credit-related considerations; maintain/upgrade County credit ratings; monitor and confirm Countywide compliance.
  • Manage and coordinate issuance processes and deadlines with municipal advisors, bond attorneys, and external entities to ensure all documentation is completed timely.
  • Prepare and present creative, easy to read, and informative power point presentations or responses to rating question from rating agencies.
  • Provide advice to County officials and staff related to financing plans and credit rating considerations; prepare analysis and/or written communications.
  • Participate in executive-level discussions regarding financial policy, strategy, and stewardship.
  • Prepare and distribute easy to understand communication materials regarding debt position and other debt-related topics, including Annual Debt Report, and responses to inquiries from media, investors, and the general public.
  • Develop and monitor Debt Service fund budgets
  • Represent the County in meetings, conversations, and projects with other governmental entities in discussions regarding capital borrowing plan, the County’s financial condition, or other County financial interests.
  • Provide direct communication to County Council, Executive Team, Department Directors, or other County staff regarding emerging financial market trends and County responsibilities.
  • Manage and assist in the payment of Debt principal and interest payments, notifying bond holders or early calls and term payments as well as all reporting needs to be completed with the Internal Revenue Service.
  • Monitor bond proceeds and debt funds for post issuance compliance including arbitrage and continuing disclosure requirements.
  • Participate in the development of the 10-year capital improvement program to develop viable options for financing projects included in the plan.
  • Review actuarial reports for all pension’s obligations funded in whole or in part by the County and assist in determining whether financial contributions are keeping pace with liabilities and identify any concerns for funding pension liabilities.
  • Plan, organize, and manage the work of staff, including staff evaluation and administration, assignment and monitoring of specific staff responsibilities and priorities, and developing and implementing work plans to achieve organizational unit mission, goals, and performance measures.
  • Provide leadership to attract, develop, and retain diverse, highly competent, service-oriented staff that support the County’s mission, objectives, and service expectations; create and promote an equitable workplace that demonstrates an environment respectful of living and working in a multicultural society; ensure that employees are provided with guidance and opportunity to correct deficiencies, and appropriate discipline procedures are implemented.
  • Manage and direct the development, implementation, and evaluation of work programs, plans, processes, systems, and procedures.
  • Oversee/complete all associated GASB pronouncements related to job duties.
  • Performs related duties as assigned
Position Minimum Requirements
  • Any combination of education and experience that is equivalent to the following minimum qualifications is acceptable. Education/Training: Bachelor’s Degree from an accredited college or university in finance or a related field; AND Experience: Seven (7) years of increasingly responsible experience in finance, municipal banking, and financial advising.
  • Preferred Qualifications: Experience working for a public agency. Advanced degree or professional certification in finance, accounting, business administration, or a related field. (CPA, CPFO, or CGFO)