Capital Finance Debt Coordinator (Financial Services Administrator)
The Wastewater Treatment Division (WTD) of King County Department of Natural Resources and Parks is looking for a high performing individual to be part of the Rates, Capital & Debt Management (RCDM) Team in the Finance Section. The Capital Finance Debt Coordinator (Financial Services Administrator) is responsible for managing the strategy, schedule, issuance, and tracking of the WTD debt portfolio. We are looking for a self-starter with strong analytical skills and experience in public finance. Other key responsibilities include ad hoc economic and forecasting analyses to transform data into tools that assist and guide policy development and analysis, as well as supporting the writing of technical reports and briefing documents for a wide range of stakeholders.
WTD maintains a debt portfolio that includes municipal bonds, state and federal loans, and short-term variable rate debt. The division engages in regular debt activity related to new money issuance to fund the capital program, refinancing and defeasance of outstanding debt, pursuing strategies to lower the cost of debt, and debt-related compliance activities. The Capital Finance Debt Coordinator (CFDC) provides leadership within the RCDM Unit managing debt strategy and processes for WTD in coordination with both the County debt manager and the County’s financial advisor.
This position will require an understanding of municipal bonds, federal and state loan opportunities and application processes, rating agency criteria, cash-flow tracking and forecasting, relevant legislative action at the County, state and federal level, official statement preparation, and compliance with bond covenants, arbitrage requirements and financial policies. Familiarity with utility financial planning and rate-setting will contribute to success in this position.This position reports directly to the Finance Section - Rates, Capital, and Debt Management Unit Supervisor.
Who is Eligible: This position is open to all qualified applicants. First consideration will be given to current Wastewater Treatment Division employees who are represented by Teamsters Local 117 and who are covered by the Professional & Technical and Administrative Support collective bargaining agreement or the Supervisors collective bargaining agreement in the Wastewater Treatment Division.
Permanent Telecommuting Requirement:
The work associated with this position will be performed remotely on a permanent basis. There will be situations where the employee is required to report to a County worksite. Employees must reside in WA state and within a reasonable distance to their King County worksite to respond to workplace reporting requirements.
Employees will be provided with a County issued laptop and must maintain a workspace with an internet connection where they can reliably perform work and remain available and responsive during scheduled work hours. Please note that when an employee conducts work that is likely to bring them in contact with another individual, safety precautions are required by the department in alignment with the Public Health Directive from the Seattle & King County Public Health Officer. King County is doing its part to reduce the spread of COVID-19 and remains committed to reducing our carbon footprint.
To support employees during this time King County has a robust collection of tools and resources to support working remotely. The individual selected for this opportunity will be joining an innovative and progressive team.
Work Location: Primarily teleworking and the King Street Center 201 S. Jackson St., Seattle WA 98104.
Work Schedule: This position is exempt from the overtime provision of the Fair Labor Standard Act (FLSA) and is not overtime eligible. This full-time position works a 40-hour work week.
- Job Duties
- Manage WTD’s short-term and long-term debt program, including working with the County’s debt manager, financial advisor, and bond counsel to determine the timing, amount, and structure of WTD debt issuances and coordinating preparation of official statements and post-issue materials
- Coordinate with the County’s Treasurer’s office in the management of the newly authorized commercial paper program, including, issuance, redemptions and optimization with other funding sources
- Prepare and deliver bond rating presentations and formal responses to rating agency questions
- Work with the accounting unit to prepare quarterly bond reports and debt-related disclosures for the annual audit
- Coordinate with the accounting unit to ensure compliance with bond covenants, state and federal loan agreements, arbitrage requirements, and WTD and County debt policies
- Work with the County debt manager and WTD government relations to prepare debt-related legislative materials to maintain borrowing authorization and coordinate legislative actions to sell bonds and issue other forms of debt
- Monitor and track monthly cash activity in WTD funds to evaluate the need for and use of debt proceeds and opportunities for refinancing and defeasance
- Analyze complex data, policy, practices, systems, and procedures, document findings, recommendations, and prepare reports
- Evaluate policy alternatives and prepare recommendations for consideration by any applicable advisory committee and decision-makers
Develop, integrate and apply quantitative and qualitative frameworks for the evaluation of capital projects, alternatives, and policies
- Experience, Qualifications, Knowledge, Skills
- Education in Finance, Economics, Accounting, Business/Public Administration, Public Policy, or closely related field (advanced degrees valued but not required to be considered)
- Experience with public finance and municipal enterprise funds
- Advanced knowledge of and skills in financial planning, developing financial models, and quantitative analysis, preferably for a public agency
- Demonstrated ability to research, analyze and interpret financial information to resolve issues and make recommendations
- Skill in assessing the financial impact of alternative decisions
- Demonstrated ability to communicate effectively orally, in writing, and prepare materials to present
- Demonstrated ability to effectively address complex and sensitive issues with different stakeholders and multiple management levels
- Demonstrated ability to proactively collaborate and problem solve with cross-sectional teams
- Skills and desire to value and create space for a diversity of view points and voices
- Supplemental Information
Application and Selection Process: Application materials will be screened for clarity, completeness including online application, cover letter and resume, and responsiveness to the list of qualifications, skills, and abilities. The most competitive candidates may be invited to participate in one or more panel interviews. Applications without the following required materials may not be considered for this position.
- King County Application
- Cover Letter
- Responses to supplemental questions
UNION MEMBERSHIP: This position is represented by Teamsters Local 117.
NOTE: Salary reflects $1.00 per hour contribution to the Western Conference of Teamsters Pension Trust Fund.
For more information regarding this recruitment, please contact:
Rodney O. Dungo
Human Resource Analyst
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Guided by our "True North", we are making King County a welcoming community where every person can thrive. We value diversity, inclusion and belonging in our workplace and workforce. To reach this goal we are committed to workforce equity. Equitable recruiting, support, and retention is how we will obtain the highest quality workforce in our region; a workforce that shares and will help advance our guiding principles--we are one team; we solve problems; we focus on the customer; we drive for results; we are racially just; we respect all people; we lead the way; and we are responsible stewards. We encourage people of all backgrounds and identities to apply, including Native American and people of color, immigrants, refugees, women, LGBTQ+, people living with disabilities, and veterans.
King County is an Equal Employment Opportunity (EEO) Employer
No person is unlawfully excluded from employment opportunities based on race, color, religion, national origin, sex (including gender identity, sexual orientation and pregnancy), age, genetic information, disability, veteran status, or other protected class. Our EEO policy applies to all employment actions, including but not limited to recruitment, hiring, selection for training, promotion, transfer, demotion, layoff, termination, rates of pay or other forms of compensation.
If you are interested in pursuing this position, please follow the application instructions carefully. If you need this announcement in an alternate language or format, would like to request accommodation or assistance in the application or assessment process or if you have questions please contact your recruiter listed on this job announcement.
King County offers a highly-competitive compensation and benefits package designed to meet the diverse needs of our employees and support our employees' health and well-being. Eligible positions receive the following benefits and have access to the following programs:
- Medical, dental, and vision coverage: King County pays 100% of the premiums for eligible employees and family members
- Life and disability insurance: employees are provided basic coverage and given the opportunity to purchase additional insurance for both the employee and eligible dependents
- Retirement: King County employees are eligible to participate in a pension plan through the Washington State Department of Retirement Systems and a 457(b) deferred-compensation plan
- Transportation program and ORCA transit pass
- 10 paid holidays each year (plus 2 personal holidays)
- Generous vacation and paid sick leave
- Paid parental leave, family and medical leaves, and volunteer leave
- Flexible Spending Account
- Wellness programs
- Onsite gyms and activity centers
- Employee giving program
- Employee assistance programs
- Flexible schedules and telecommuting options, depending on position
- Training and career development programs
This is a general description of the benefits offered to eligible King County employees, and every effort has been made to ensure its accuracy. If any information on this document conflicts with the provisions of a collective bargaining agreement (CBA), the CBA prevails. Also, in the event of any incorrect information in this document, applicable laws, policies, rules, CBAs, or official plan documents will prevail.
NOTE: Benefits for Term Limited Temporary (TLT) or Short Term Temporary (STT) positions, including leave eligibility and/or participation in the pension plan through the Washington State Department of Retirement Systems, will vary based upon the terms and details of the position. Short Term Temporary positions are not eligible for an ORCA transit pass.
For inquiries about the specifics of this position, please contact the recruiter identified on this job posting.
01Are you applying to this position as a Priority Placement Program Participant And Is this position the same or lower percentage of full-time when compared to the position held at the point of the notification of layoff AND Do you possess the skills and abilities to qualify for this position?
02If you answered yes to the question above and you are applying for this position as a Priority Placement Participant, to be considered, you must provide the following three pieces of information in the space provided: 1. The title you held when you received your layoff notice 2. The department you worked in 3. The effective date of your layoff03Do you have experience with public finance?
- Yes, I was given a layoff notice from my role at King County AND I am within two years of the effective date of my layoff. AND The position I was laid off from was the same or a higher percentage of FT status when compared to this one.
04Do you have experience with municipal enterprise funds?
05Please clearly and concisely summarize how you meet the qualifications listed in the required competencies.06Are you a Teamsters Local 117 member?
07I certify that the statements made by me on the application and supplemental questions are, to the best of my knowledge, true, complete, and correct. I understand that any misrepresentation or material omission of fact on this or any other document required by King County may constitute grounds for rejection, or if employed by King County, grounds for disciplinary measure, including dismissal.