Financial Manager Job Announcement 10-31-09
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THE VIRGINIA RESOURCES AUTHORITY Financial Manager Debt Management & Credit Analysis Division The Virginia Resources Authority (VRA) provides innovative and sustainable solutions to build vibrant and healthy Virginia communities by meeting the infrastructure financing needs of localities and governmental authorities of the Commonwealth. As the state’s municipal bond bank, VRA has financed nearly $5 billion for infrastructure projects across the Commonwealth over its 25-year history, $1 billion of which was funded in the past 12 months. VRA’s essential functions include Technical Assistance, Risk Management, Bond and Loan Structuring, Portfolio Management and Policy Alignment. VRA is seeking a skilled professional to fill a lead role in the Debt Management and Credit Analysis Division. This division performs the credit analysis and research required to structure and close loans and bonds, as one component of the VRA’s integrated financial support system, to produce sustainable solutions that meet community needs. This position requires the successful candidate to: • Perform in a lead role responsible for analyzing municipal credits and making recommendations to VRA’s Credit Committee regarding loan authorization and security based on advanced data collection, analysis, forecasting cash flow projections and performance of stress tests • Assemble financial, technical and other data essential to VRA credit analysis activities, and apply research, analytical and reporting skills to assess the financial position of applicants for VRA’s financing programs • Work directly with debt issuers to acquire information necessary to evaluate the credit, discuss Credit Committee’s decisions and coordinate the loan closing process • Research public finance criteria used by bond rating agencies to develop, interpret and evaluate the VRA credit and compliance policies and procedures in relation to industry benchmarks • Research, develop and implement opportunities identified by management to enhance the VRA’s product offerings including financial modeling to determine program strengths and weaknesses • Structure loans and bonds to meet program and project objectives The successful candidate will be prepared to make an immediate contribution. Specific qualifications include: • MSF, MAC, MBA, MPA, MPP or related field and 10 years experience in municipal finance or related field, or the equivalent • Possession of research, analytical and reporting skills and familiarity with municipal credit analysis methodology and standards essential for a lead role in VRA municipal credit analysis activities • Rating agency experience and/or experience in analyzing Virginia municipal credits are significant pluses • Thorough knowledge of credit analysis, debt management, risk management, quantitative analysis and principles and practices of municipal financing • Ability to read and interpret audited financial statements, policy manuals, bond transcripts, engineering reports, budgets, rate schedules, appraisal reports and regulatory materials • Problem solving skills and ability to organize, multi-task and meet deadlines • Customer service orientation and ability to establish and maintain effective working relationships with internal and external senior officials, professionals and the public • Ability to analyze and evaluate complex financial systems and prepare complex financial reports • Ability to communicate technical ideas effectively, both orally and in writing The salary for the position is based on qualifications and experience. Excellent benefit package. Submit letter of application, detailed resume, salary history and work related references to: Mr. Brian DeProfio, Chief Operations Officer, Virginia Resources Authority, 1111 East Main Street, Suite 1920, Richmond, VA 23219 or to email@example.com. This position will remain open until filled. For further information about VRA visit www.virginiaresources.org.com. The Virginia Resources Authority is an equal opportunity employer.