Financial Analyst, #47941

The Department of Finance, Debt Administration team oversees the issuance and sale of the City's bonds; performing analysis, ensuring timely payment of debt service for bonds and the Agriculture Reserve program, coordinating continuing disclosure filings and overseeing an arbitrage compliance program.

We are seeking a motivated individual to join our collaborative debt team as a Financial Analyst, responsible for handling the following duties:

• Review the annual continuing disclosure tables prepared by the Public Utilities and Public Works Finance Officers.
• Review and approve monthly reconciliations of bond proceed accounts.
• Coordinate invoice processing for paying agent, trustee, escrow agent, arbitrage consultant, municipal advisor, verification agent, investment advisor and bond counsel.
• Responsible for updating and maintaining accurate and complete debt management records in DebtBook software, serves as SME.
• Assist in the preparation of financing documents including official statement and credit rating presentation.
• Assist in the preparation of notes, schedules, tables and workpapers for the Annual Comprehensive Financial Report (ACFR).
• Coordinate document preparation with City Attorney’s Office, Treasurer’s Office and Department of Agriculture for Agricultural Reserve Program (ARP) installment purchase agreements (IPAs).
• Track bond proceeds spending and coordinate reimbursement from the Virginia State Non-arbitrage Program (SNAP) with the Treasurer’s Office.
• Process monthly debt service payments in coordination with the Accounts Payable division and the Treasurer's Office throughout the fiscal year.
• Prepare, review and update policy and procedures manual.

The City offers a generous benefits package, which includes health, dental and life insurance, retirement and savings plans, maternity/paternity and parental leave, holidays and leave.

The City of Virginia Beach is an Equal Opportunity Employer.