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Debt Management Specialist I

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Debt Management Specialist I

Salary

$59,393.00 - $98,237.00 Annually

Location

Norfolk, VA

Job Type

Permanent Full-time

Job Number

13029

Department

Finance

Division

Director's Office

Opening Date

04/22/2025

Closing Date

5/22/2025 11:59 PM Eastern

+ Description

+ Benefits

+ Questions

Description

Norfolk, Virginia is America's most authentic and urban waterfront city. Home to the world's largest naval station and the business, arts, and cultural center of Coastal Virginia, Norfolk has been rated a top place to live, work, play, and raise a family by numerous publications. Working for the City of Norfolk is an opportunity to make a real difference in the lives of others. With our commitment to competitive pay and a strong retirement package, you can do good for your community and do well for yourself. Join a caring workplace that proudly celebrates uniqueness, authenticity, and a shared commitment to improving the lives of our residents.

The Department of Finance provides centralized structure and support for the City of Norfolk’s financial operations, to include financial reporting; debt and cash management; payroll; procurement; risk management; financial system administration and support; accounts payable; collections; and retirement. Finance’s Payroll Division is responsible for the timely and accurate processing of salaries, wages, and retirement system benefit payments for over 5,000 City employees and 4,000 retirement beneficiaries. The Payroll Division is also responsible for the processing, maintenance and integrity of data related to the management of timekeeping and absences. Through the provision of assistance and guidance, the Department of Finance is positioned to interact with just about every City department and is a great place to build a career. We work hard, but we also have fun and take care of our greatest resource, our people.

The City of Norfolk seeks candidates interested in working in or looking to start a career path in municipal finance. As part of a collaborative and dynamic Finance Department, the Debt Management Specialist I will perform analytical and technical work, including accounting and reporting, deal execution of debt issuances, ongoing disclosures and compliance for the City’s debt, along with a variety of analyses and projects. Reporting to the Debt Manager, this role will gain exposure to all key areas of debt management and municipal finance. The individual must work effectively both individually and in team settings and is always willing to lend a hand when needed to complete shared tasks.

Essential Functions

The Debt Management Specialist I works with various directors and managers to coordinate the issuance of public debt for authorized projects or programs. This includes but is not limited to the following functions: analyzing and assisting in planning the City's long-range debt strategy in order to maintain the financial integrity and credit rating of the City; assisting in planning, coordinating, and administering the City's debt sales to acquire the most advantageous long-range financing; Assisting in structuring and selling cost effective debt and retains the services of various professionals for debt issuance; Ensuring compliance with regulatory requirements, performs administrative duties for budget preparation and debt service payments and coordinates meetings.

Education/Experience

+ Work requires broad knowledge of accounting, budgeting, business administration, advanced statistics, or finance. Knowledge is normally acquired through four years of college resulting in a Bachelor's degree or equivalent.

Required:

+ One year of financial/economic forecasting experience or an equivalent combination of education and experience.

Preferred:

+ Bachelor's degree in business, finance, accounting, economics, public administration or related field.

+ One to three (1-3) years of experience preferred (including internship experience) in public finance, banking, financial services, accounting, financial/economic analysis, consulting, municipal government or related field, or any equivalent combination of training and experience.

+ Strong analytical, quantitative, verbal, written, and interpersonal skills.

+ Attention to accuracy and detail a must; ability to learn and use new technologies; excellent analytical, decision making, and problem-solving skills.

+ Ability to excel in a detailed and deadline-oriented work environment with a proactive, self-starting attitude.

+ Basic understanding of municipalities and municipal finance, fixed income, accounting, and local government operations are a plus.

Additional Information & Requirements

Work Schedule:

+ Monday – Friday, 8:30am to 5:00pm

Signing Bonus:

+ This position is eligible for a $5,000 signing bonus.

+ Regular full-time and permanent part-time employees may receive paid holidays, vacation and sick leave, employer paid pension plan, basic life insurance, voluntary participation in medical and dental, Section 457 deferred compensation, long-term disability, optional life insurance for self, spouse and children, medical and dependent care reimbursement plans, access to membership in credit union and employer provided parking.

+ Special project/grant employees are generally eligible for the same benefits of regular full-time employees; however, retirement, life insurance and participation in health plans vary depending upon funding and authorization.

+ Temporary/seasonal and part-time employees are generally only eligible for employer provided parking and access to membership in credit union.

+ Retirement

If you are hired October 5, 2010, or after to a position with City of Norfolk Retirement System benefits, you will be required to contribute five percent (5%) of your salary toward your retirement benefit. This will be a pre-tax payroll deduction.

If you are hired January 1, 2022, or after to a position with Virginia Retirement System (VRS) benefits, you will be required to contribute five percent (5%) of your salary toward your retirement benefit. This will be a pre-tax payroll deduction.

+ The Tuition Assistance Program is established to encourage employees toward continued self-development and education. Permanent full-time and permanent part-time classified, unclassified permanent, full-time special projects, and constitutional employees who have completed six months continuous service will be eligible to apply. The applicant’s school of enrollment must be an accredited institution.

NOTE:

The benefits described above are broad generalizations. The specific benefits that an employee may be eligible for are governed by City regulations, as applicable to job type.

Non-City

Positions listed with a job type designation of "Non-City" are not subject to the benefits descriptions above. Refer to the content of the job posting for information regarding these positions.

01

The following Supplemental Questions are specific to the position for which you have applied to assist the hiring manager in screening applications for specific experience being sought. Please be specific in answering these questions as they will be used to evaluate which applications will be given further consideration in the process. Do not answer "see resume" or "see application" as these are not valid answers. Please note that if you are invited to be interviewed by the department, your responses to the following questions may be subject to verification.

+ I understand and will answer the following supplemental questions completely and thoroughly.

02

If you were referred for this position by a current City of Norfolk employee, please provide the employee's full name, department, and job title. If not, please indicate by typing "N/A."

03

Please select the highest level of education you have completed.

+ High School Diploma/GED

+ Some college, training or certifications

+ Associate Degree

+ Bachelor’s Degree

+ Master’s Degree or higher

04

Do you have at least one (1) year of financial/economic forecasting experience or an equivalent combination of education and experience?

+ Yes

+ No

05

How many years of financial analysis experience do you have?

+ Less than 2 years

+ 2-4 years

+ 4-6 years

+ 6 or more years

+ I do not have any experience

06

Please describe any financial analysis experience. If you have none, please write N/A.

07

How many years of municipal finance (i.e. bonds) and debt management experience do you have?

+ Less than 2 years

+ 2 to 4 years

+ 4 to 6 years

+ 6 or more years

+ I do not have any experience

08

Please describe any municipal finance and/or debt management experience. If you have none, please write N/A.

09

How would you rate your proficiency level in Excel?

+ Beginner

+ Intermediate

+ Expert

+ I do not have Excel experience

10

Are you willing and able to work additional hours if and when required?

+ Yes

+ No

11

Do you have the legal right to work in the United States and, upon employment, can you provide documentation to verify this?

+ Yes

+ No

12

Please provide an explanation of any periods of unemployment that are 30 days or longer. Indicate N/A if you have not experienced any periods of unemployment.

13

Are you a current or previous City of Norfolk employee?

+ Yes - I am a current City of Norfolk Employee

+ Yes - I am a previous City of Norfolk Employee

+ No - I am not a previous or current City of Norfolk employee

14

Please indicate your veteran status. (A copy of your long form DD-214 may be required)

+ I am not a Veteran

+ I am a Veteran

+ I am a Disabled Veteran

Required Question

Employer

City of Norfolk

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