TASKFORCE: FINANCING POLICY & COORDINATION
JOB TITLE: One (1) Assistant Analyst / Analyst / Senior Analyst
CONTROL CODE: FPC-22-01
The following is a vacancy within OMB not previously announced:
This Division manages the City’s long-term capital financing program and seasonal borrowing. In addition to implementing the NYC General Obligation bond financing program, the Division is also directly responsible for the debt management of other financing entities: the New York City Water Finance Authority, the New York City Transitional Finance Authority, the Hudson Yards Infrastructure Corporation, the Sales Tax Asset Receivable Corporation, and TSASC. (TSASC is a not-for-profit corporation established by the City to securitize Tobacco Settlement Revenues.). This includes bond issuance for new money financing of the City capital plan, refinancing of outstanding debt to reduce annual debt service costs, ongoing monitoring of floating rate debt & interest rate derivatives, ongoing monitoring of the various revenue streams securing debt, as well investing monies held by the other financing entities mentioned previously.
The Finance Division also works with conduit borrowers, such as the New York State Dormitory Authority and the New York City Industrial Development Agency. Here the Division implements lease financing for various City capital projects. The staff in this Division works closely with investment bankers, financial advisors, bond counsel, and other governmental entities on securities transactions. It is responsible for preparing the City’s debt service budget as well as the budget of the other financing entities under OMB’s purview and providing various analyses relating to bond structure, pricing and the City bonding capacity and debt burden.
The duties of this position encompass working with OMB and related bond issuing entities on the following activities:
· Assist with Investor Relations function, including responding to investor inquiries, prepare and review investor presentations, maintain website updates & investor databases, and draft & distribute press releases.
· Assist with Rating Agency relations, including responding to Rating Agency inquiries, supporting any credit related research, preparing and editing rating agency & credit presentations.
· Assist with maintenance of and updates to debt databases of the City and its related debt issuing entities listed above.
· Assist with the financial planning and reporting as well as the ongoing continuing disclosure obligations for the City and its related debt issuing entities.
· Maintaining investment banking and market databases including bond pricing statistics, variable rate bond performance, secondary market trading information and syndicate underwriting performance.
· Assisting with City and related entity bond issuances and other financing transactions, financial planning and reporting.
· Assisting with the organizing and filing of investment banking proposals and bond issuance documents.
Proficiency with MS Excel, MS Word and MS Access is required. Candidates should show a willingness to learn other financial software packages. Candidate should be comfortable with complex financial and legal concepts, have strong organizational skills and good communication skills and the ability to demonstrate attention to detail and meet deadlines.
Assistant Analyst ($46,856+): Bachelor’s degree in Business, Finance, or Economics or a subject related to the specific assignment with no full-time experience or one year of full-time experience in budget planning, financial analysis, public policy analysis or a related field.
Analyst ($62,480+): Bachelor’s degree and a minimum of two years of full-time experience in budgetary planning/management, financial analysis, public policy analysis, economics, finance, accounting, mathematics or a related field; or an awarded Master’s degree in Business, Public Policy Administration, Finance, Economics or a field related to the specific assignment.
Senior Analyst ($70,291): Bachelor’s degree and a minimum of three years of full-time experience in budgetary planning/management, financial analysis, public policy analysis or a related field, or an awarded Master’s degree in Business, Public Policy Administration, Finance, Economics, or related field, and one year of relevant experience.
THE OFFICE OF MANAGEMENT AND BUDGET AND THE CITY OF NEW YORK ARE INCLUSIVE EQUAL OPPORTUNITY EMPLOYERS COMMITTED TO RECRUITING AND RETAINING A DIVERSE WORKFORCE AND PROVIDING A WORK ENVIRONMENT THAT IS FREE FROM DISCRIMINATION AND HARASSMENT BASED UPON ANY LEGALLY PROTECTED STATUS OR PROTECTED CHARACTERISTIC, INCLUDING BUT NOT LIMITED
TO AN INDIVIDUAL’S SEX, RACE, COLOR, ETHNICITY, NATIONAL ORIGIN, AGE, RELIGION,
DISABILITY, SEXUAL ORIENTATION, VETERAN STATUS, GENDER IDENTITY, OR PREGNANCY.
All persons newly hired for employment by any City agency must provide proof of having received at least one dose of an approved COVID-19 vaccine prior to beginning their employment, except for those who obtain an exception due to medical or religious reasons through the reasonable accommodation process.
You must be a City resident within 90 days of the date of appointment
and you must be legally eligible to work in the United States.