Analyst - FINANCING POLICY & COORDINATION

About the position The Mayor’s Office of Management and Budget (OMB) is the City government's chief financial agency. OMB's staff of analysts and experts assembles and oversees the Mayor’s expense and capital budgets, which fund the services and activities of approximately 90 City agencies and entities. This Task Force manages the City's long-term capital financing program and seasonal borrowing. In addition to implementing the NYC General Obligation bond financing program, the Task Force is also directly responsible for the debt management of other financing entities: the New York City Municipal Water Finance Authority, the New York City Transitional Finance Authority, the Hudson Yards Infrastructure 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 Task Force also works with conduit issuers, such as the New York State Dormitory Authority and the New York City Industrial Development Agency, through which the Task Force implements lease financing for various City capital projects. Task Force staff work 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.

Responsibilities

• 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 for the City and its related debt issuing entities. This includes preparation and maintenance of the City’s debt service budget and monthly cashflow forecasting.
• Maintain investment banking and market databases including bond pricing statistics, variable rate bond performance, secondary market trading information and syndicate underwriting performance.
• Assist with the organizing and filing of investment banking proposals and bond issuance documents.

Requirements

• Bachelor’s degree in economics, finance, mathematics, or related area of study. Relevant work experience in finance, investments, and/or budgeting is desirable.
• Relevant coursework includes: Financial Management, Investments, Options & Futures, Fixed Income Securities, and/or Accounting.
• Proficiency with MS Excel, MS Word and MS Access and willingness to learn other financial software packages and programming languages. Knowledge of Bloomberg is a plus.
• Demonstrated attention to detail, ability to meet deadlines, organizational skills, communication skills, and familiarity with complex financial and legal frameworks.
• A cover letter is required to be considered for this position. Applications submitted without a cover letter will not be considered.
• 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.

Nice-to-haves

• Knowledge of Bloomberg is a plus.

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