Debt Manager

Debt Manager

The Department of Finance plays a pivotal role in supporting the City of Norfolk, ensuring efficient and transparent financial operations across a broad spectrum of City functions. From financial reporting and payroll to procurement and risk management, we work collaboratively to ensure the fiscal health of our City and its residents. As part of our team, you'll help shape the City's financial future while benefiting from a dynamic, supportive work environment. The Debt Manager leads the Debt and Cash Management Division, a critical component of the Department of Finance. This role directly impacts the City's ability to finance its growth and development through timely and reliable access to capital markets. The Debt Manager will oversee the City's debt portfolio, which includes financing for both core municipal operations and four enterprise funds, totaling approximately $1.5 billion. The Debt Manager will be supported by 3 dedicated team members who report directly to the Debt Manager.

Develop Debt Strategies & Plans : Design, implement, and manage strategies for both long-term and short-term debt to ensure the City can meet its capital needs for infrastructure, public services, and growth initiatives.

Capital Financing & Market Access : Facilitate the City's access to capital markets, ensuring competitive financing rates for major infrastructure projects and operations. Build and maintain strong relationships with financial institutions, and other service providers.

Debt Portfolio Management : Oversee and analyze the City's $1.5 billion debt portfolio, ensuring strategic administration, compliance with regulations, ongoing investor disclosure, and timely payment of all obligations.

Credit Ratings & Compliance : Safeguard and improve the City's credit ratings by working closely with rating agencies and maintaining compliance with City financial policies, and best practices.

Provide Specialized Advice : Offer expert guidance to City leadership and departments on debt-related matters, including financing strategies, risk management, and long-term fiscal planning.

Transaction Execution & Implementation : Lead the execution of debt financing transactions, including bond issuances, loan agreements, and other capital funding activities.

Collaboration & Leadership : Work closely with various City departments and the City's Financial Advisor to understand their financial needs, provide solutions, and align debt strategies with broader City goals. Mentor and guide team members in the Debt and Cash Management Division to foster professional growth and enhance departmental effectiveness.

Bond Issuance & Capital Markets Management :

• Coordinate the bond issuance process in collaboration with the City's financial advisor, bond counsel, and City staff. This includes :
• Analyzing cash flows to determine the timing and amount of bond issuance.
• Evaluating refunding opportunities and alternative financing structures.
• Producing official statements, rating agency presentations, and coordinating related events.
• Scheduling public hearings and reviewing debt-related legal documents.
• Maintaining an investor relations outreach strategy.

Debt Service & Financial Administration :

Innovative Financial Solutions :

Analysis & Reporting :

Rating Agency & Credit Relations :

Capital Planning & Financial Strategy :

Revolving Line of Credit Management :

Debt Compliance & Policy Development :

Tax Compliance & Underwriting Pool Management :

Long-Term Financial Reporting :

Leadership & Staff Development :

Collaboration & Communication :

Industry Knowledge & Professional Growth :

Operational Management :

Support to Leadership :

Work requires broad knowledge of the municipal bond markets, advanced statistics and quantitative analysis, accounting, budgeting and business administration. Knowledge is normally acquired through four years of college resulting in a Bachelor's degree or equivalent. Required : Five years of experience in municipal finance, including debt issuance, financial modeling, and familiarity with federal laws, regulations, and best practices governing municipal debt management.

Work Schedule : Monday Friday, 8 : 30am to 5 : 00pm

Signing Bonus : This position is eligible for a one-time $5,000 signing bonus.