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SalaryAnalyst - FINANCING POLICY & COORDINATION
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Analyst - FINANCING POLICY & COORDINATION
- Agency: OFFICE OF MANAGEMENT & BUDGET
Posted on: 01/25/2024
- Job type: Full-time
Location
MANHATTAN
- Title Classification: No exam required
Department
General Counsels Office
Salary range: $51,550.00 – $73,806.00
Job Description
DIVISION: FINANCING POLICY & COORDINATION
JOB TITLE: One (1) Assistant Analyst / Analyst / Senior Analyst
CONTROL CODE: FPC-24-01
The following is a vacancy within OMB not previously announced:
SUMMARY:
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.
JOB DESCRIPTION:
The duties of this position encompass working with OMB and related bond issuing entities on the following activities:
JOB TITLE: One (1) Assistant Analyst / Analyst / Senior Analyst
CONTROL CODE: FPC-24-01
The following is a vacancy within OMB not previously announced:
SUMMARY:
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.
JOB DESCRIPTION:
The duties of this position encompass working with OMB and related bond issuing entities on the following activities:
- 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.
- Assist in investor relations including creating MS Power Point presentations and responding to investor inquiries.
Minimum Qualifications
1. A baccalaureate degree from an accredited college.
Preferred Skills
QUALIFICATIONS: - 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.
Public Service Loan Forgiveness
As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.
Residency Requirement
New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.
Additional Information
The City of New York is an inclusive equal opportunity employer 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.
Minimum Qualifications
1. A baccalaureate degree from an accredited college.
Preferred Skills
QUALIFICATIONS:\n\n-\tBachelor’s degree in economics, finance, mathematics, or related area of study. Relevant work experience in finance, investments, and/or budgeting is desirable.\n-\tRelevant coursework includes: Financial Management, Investments, Options & Futures, Fixed Income Securities, and/or Accounting.\n-\tProficiency 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.\n-\t Demonstrated attention to detail, ability to meet deadlines, organizational skills, communication skills, and familiarity with complex financial and legal frameworks.
Public Service Loan Forgiveness
As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.
Residency Requirement
New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.
Additional Information
The City of New York is an inclusive equal opportunity employer 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.
Job ID
606855
Title code
06088
Civil service title
BUDGET ANALYST (OMB)
Title classification
Pending Classification-2
Business title
Analyst - FINANCING POLICY & COORDINATION
- Experience level: Entry-Level
Number of positions
1
Work location
255 Greenwich Street
- Category: Finance, Accounting, & Procurement
