SEPTA

Southeastern Pennsylvania Transportation Authority Serving Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties

Current Job Opportunities

 Job Information 
  Job Title: #7272 Manager of Public Finance
  Category: Professional/Management
  Career Center: External
  City/Town: Philadelphia
  Location: Administration Group
  Type of Assignment: Permanent
  Position Type: Full Time
  Start Date: 3/14/2019
  End Date: 4/4/2019


 Job Description 
   
 
SEPTA is looking for a Manager of Public Finance. This position is located in Center City, Philadelphia.

The ideal candidate will have a Bachelor’s Degree in accounting, business administration, economics, or finance with a minimum of eight (8) years of professional experience, including five (5) years of related experience in public or corporate finance.


* This job is being re-posted. Please note the qualifications have changed. If you previously applied, please re-apply for consideration.

Salary range is between 87K and 109K.


BASIC ADMINISTRATIVE RESPONSIBILITIES


1. Participates in the development of policies in the immediate manager’s organization, and interprets such policies throughout the department.

2. Develops objectives, policies and procedures for the approval of immediate manager.

3. Interprets and administers programs and procedures in accordance with approved
policies.

4. Performs special assignments for immediate manager as requested.

5. Reports performance to immediate manager.

6. Coordinates expense budget spending for the department or activity to maintain performance within budget.

7. Develops a suitable successor and be responsible for training replacements at all levels within department.


OVERALL RESPONSIBILITY:

Responsible for developing and coordinating the use of capital markets and other financial resources to support the Authority’s overall capital and operating goals. Responsible for planning and implementation of debt and financing strategies, and working within Authority guidelines (legal, accounting, etc.) to administer current, ongoing and future obligations. Areas of responsibility include, but are not limited to the following: 1) Taxable or tax-exempt debt financing; 2) Long-term leasing; 3) Commercial bank relations; 4) Pension fund administration and management; 5) Business and Financial Planning; 6) Project analysis.


SPECIFIC RESPONSIBILITIES:


1. Develops and coordinates the use of public and private capital markets to provide the Authority with the maximum reasonable level of financial resources available for the
enhancement of capital asset acquisition, working capital position, and operating leverage.

2. Coordinates activities of legal counsel, financial advisors, underwriters, and Authority personnel concerning financing transactions, particularly with respect to issuance of taxable or tax-exempt public or private debt.

3. Directs the administration of underlying contractual obligations (debt, leasing, etc.), periodically reviewing terms and conditions for compliance, in such areas as arbitrage, reinvestment of escrowed reserves, and maintenance and insurance of equipment, etc.

4. Directs the establishment and maintenance of Authority credit, particularly as related to the credit rating agencies and municipal bond investors.

5. Participates in the Authority’s interactions with investment and commercial banks, and monitors ongoing banking and brokerage relationships.

6. Provides administrative support and participates in oversight of pension fund manager’s performance and the Authority’s policy related to pension fund management.

7. Directs the development of trust funds, reserve accounts, and other financial methods related to coverage for Authority financings.

8. Performs financial analysis regarding corporate strategic planning and major procurement decisions including, but not limited to, cost benefit analyses, Energy Savings Company (ESCO) projects, etc.

9. Develops and coordinates the financial perspective of the Authority position in issues related to federal tax law and financial regulations at the federal, state, and local levels.


10. Represents the Authority in industry-wide discussions related to development of policy and regulations concerning public finance, municipal bonds, and tax-exempt financing in general.

11. Participates in the development of the financing plan to support the 12 year Capital Program.

12. Undertakes Authority-wide business and financial planning.

13. Analyzes new and innovative financing options, and adapts their use, if appropriate for the Authority.

14. Perform other duties as assigned.

QUALIFICATIONS/EXPERIENCE:


• Bachelor’s degree in accounting, business administration, economics, or finance with a minimum of eight (8) years of collective professional experience required (or a CPA or master’s degree and (7) years of collective professional experience) including five (5) years of related experience in public or corporate finance.

• Knowledge of defined benefit and defined compensation plans preferred.

• MBA or CPA preferred.

• Excellent verbal and written communications skills required.

• Excellent analytical skills required.



SEPTA is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.