Debt Innovative Financial Analyst
Apply NowCompany: Virginia Jobs
Location: Richmond, VA 23223
Description:
Title: Debt Innovative Financial Analyst
State Role Title: Financial Services Spec II
Hiring Range: $71,022 - $115,411
Pay Band: 5
Agency: VA Dept of Transportation
Location:Central Office, Richmond, Virginia
Agency Website:https://www.virginiadot.org/jobs
Recruitment Type: General Public - G
Job Duties
The Virginia Department of Transportation (VDOT) is excited to offer and announce an opportunity to serve as a Debt Innovative Financial Analyst in our Central Office Financial Planning Division. This position is located in Richmond, Virginia.
What drives you? Whether it's knowing the work you do makes a difference, having a great work/life balance, working on exciting and challenging projects, leading innovation, and championing change or simply working with a great group of people who are committed to professionalism, at the Virginia Department of Transportation, we have something for you.
The selected candidate will conduct advanced technical analyses and evaluation of transportation projects, feasibility studies, debt structures and public private transportation proposals in order to formulate financial and legislative policies advanced by VDOT Financial Leadership, Transportation Commissioner, and Secretary of Transportation.
Responsibilities include but are not limited to:
Commonwealth Transportation Board Debt: Conduct advanced analyses, research and evaluation of VDOT's debt position and capacity. Review proposed and existing legislation pertaining to financing of transportation projects to determine long and short-range financial impacts and recommend necessary action. Assist in planning, structuring, sale and closing of bond issues.
Post-Issuance Debt Management: Work with internal stakeholders to ensure there are sufficient appropriations to pay project expenditures and debt service payments. Analyze project expenditures to determine appropriate bond reimbursement amount. Communicate, coordinate and collaborate with other internal and external entities as appropriate to ensure a smooth process.
Compliance: Review and report on status of meeting spending exceptions. Coordinate Arbitrage Calculations with appropriate private sector contacts and review final reports for accuracy. Work with all levels of staff to ensure document integrity is maintained. Work with Bond Counsel as necessary regarding any issues related to post-issuance compliance. Assist in preparing the Annual Continuing Disclosure and related activities.
Record Management: Maintain accurate and updated records for all processes and procedures for assigned business areas. Keep records of any instances where improvements can be referenced for possible inclusion into future procedures.
Internal Controls, Procedure Documentation and Process Improvement: Maintain familiarity with ARMICS and other policy and procedure documentation and controls for assigned area. Identify changes or updates required to improve the completeness and accuracy of the documentation. Respond to inquiries from various audit groups. Identify process improvement opportunities and innovative solutions to business needs and lead implementation.
Innovative Finance Program Management: Daily management of assigned programs, including but not limited to the Transportation Partnership Opportunity Grant program, the Virginia Transportation Infrastructure Bank program, State Infrastructure Bank program. Support and assist leadership as needed surrounding any Public Private Partnership initiative that will have a public contribution element.
Customer Service and Special Assignments: Proactively assist internal and external customers in identifying and resolving financial issues. Facilitate the resolution of all issues and problems, providing guidance and direction to VDOT districts and divisions. Exhibit professionalism and courtesy in all interactions with internal and external customers. Perform other administrative or special projects as assigned.
Minimum Qualifications
Ability to evaluate a variety of financial operations functions or statewide specialized programs.
Ability to analyze, interpret technical and financial data.
Knowledge of accounting principles, auditing standards, public administration and regulatory compliance.
Ability to comprehend complex financial and legal documentation and provide clear, concise written communication.
Ability to use sound techniques and financial policies in order to assist management in accessing the appropriate use of the Commonwealth's resources.
Ability to communicate clearly with senior management including the executive branch of the state government.
Ability to generate financial, technical and administrative reports or documents to include financial analyses and comparison, revenue forecasts, income statements and pro forma cash flow projections.
Skill in the use of computers and software applications to include MS Office and financial programs.
Knowledge of practices in public finance, state, federal, local financial planning and budgeting processes.
Knowledge of debt financing analyses, including debt service amortization, bond sizing, refunding, cash flow and revenue matching analyses.
Additional Considerations
Knowledge of planning, structuring, closing, and administering of bond issues.
A combination of training, experience, or education in Finance, Business Administration or related field desired.
Ability to work with confidential material.
VDOT employees serve the citizens of the Commonwealth and travelling public daily through our mission to plan, deliver, operate and maintain a transportation system that is safe, moves people and goods, enhances the economy, and improves quality of life. VDOT is the third largest state-maintained highway system in the country, maintaining over 58,000 miles of roads, bridges, and tunnels, and employing over 7700 people through a diverse workforce. Our culture includes teamwork, transparency, nimble learning, creativity and collaboration that values differences.
We are a "Virginia Values Veterans" (V3) official certified company and state agency that provides hiring preference to Veterans and Members of the Virginia National Guard in support of Executive Order 29, (2010). If you are a Veteran or Virginia National Guard Member, we urge you to respond accordingly on your state application.
The Virginia Department of Transportation (VDOT) is an Equal Opportunity Employer by both policy and practice. For more information about our employment practices, please visit "Information for VDOT Employees and Applicants": http://www.virginiadot.org/jobs/information_for_employees.asp
We have Shared Values and a Code of Ethics. Your success in our organization depends upon modelling these values, therefore visit http://www.virginiadot.org/about/missionandvalues.asp to review them and, if in agreement, we welcome you to apply.
Special Instructions
You will be provided a confirmation of receipt when your application and/or rsum is submitted successfully. Please refer to "Your Application" in your account to check the status of your application for this position.
This position requires a fingerprint based Criminal History Background Check, DMV Record Check and Work History Verification with references.
VDOT is an emergency operation agency. Positions physically working within Central Office locations may be designated upon request with coordination among the respective District Engineer or Administrator and Chief. Assignments are updated annually. Not all designated employees are provided with an emergency operations assignment.
Once onboarded, this position may be eligible for telework opportunities; availability, hours, and duration of telework shall be approved as outlined in the Commonwealth telework policy (only for eligible positions).
VDOT utilizes a market-based pay program, which has been approved by DHRM. Therefore, advertised rates of pay may or may not align with the Commonwealth pay bands.
Additional positions may be filled from this recruitment within 90 days.
Contact Information
Name: Tammy Varble
Phone: (804) 297-1568
Email: tammy.varble@vdot.virginia.gov
In support of the Commonwealth's commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.
Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.
State Role Title: Financial Services Spec II
Hiring Range: $71,022 - $115,411
Pay Band: 5
Agency: VA Dept of Transportation
Location:Central Office, Richmond, Virginia
Agency Website:https://www.virginiadot.org/jobs
Recruitment Type: General Public - G
Job Duties
The Virginia Department of Transportation (VDOT) is excited to offer and announce an opportunity to serve as a Debt Innovative Financial Analyst in our Central Office Financial Planning Division. This position is located in Richmond, Virginia.
What drives you? Whether it's knowing the work you do makes a difference, having a great work/life balance, working on exciting and challenging projects, leading innovation, and championing change or simply working with a great group of people who are committed to professionalism, at the Virginia Department of Transportation, we have something for you.
The selected candidate will conduct advanced technical analyses and evaluation of transportation projects, feasibility studies, debt structures and public private transportation proposals in order to formulate financial and legislative policies advanced by VDOT Financial Leadership, Transportation Commissioner, and Secretary of Transportation.
Responsibilities include but are not limited to:
Commonwealth Transportation Board Debt: Conduct advanced analyses, research and evaluation of VDOT's debt position and capacity. Review proposed and existing legislation pertaining to financing of transportation projects to determine long and short-range financial impacts and recommend necessary action. Assist in planning, structuring, sale and closing of bond issues.
Post-Issuance Debt Management: Work with internal stakeholders to ensure there are sufficient appropriations to pay project expenditures and debt service payments. Analyze project expenditures to determine appropriate bond reimbursement amount. Communicate, coordinate and collaborate with other internal and external entities as appropriate to ensure a smooth process.
Compliance: Review and report on status of meeting spending exceptions. Coordinate Arbitrage Calculations with appropriate private sector contacts and review final reports for accuracy. Work with all levels of staff to ensure document integrity is maintained. Work with Bond Counsel as necessary regarding any issues related to post-issuance compliance. Assist in preparing the Annual Continuing Disclosure and related activities.
Record Management: Maintain accurate and updated records for all processes and procedures for assigned business areas. Keep records of any instances where improvements can be referenced for possible inclusion into future procedures.
Internal Controls, Procedure Documentation and Process Improvement: Maintain familiarity with ARMICS and other policy and procedure documentation and controls for assigned area. Identify changes or updates required to improve the completeness and accuracy of the documentation. Respond to inquiries from various audit groups. Identify process improvement opportunities and innovative solutions to business needs and lead implementation.
Innovative Finance Program Management: Daily management of assigned programs, including but not limited to the Transportation Partnership Opportunity Grant program, the Virginia Transportation Infrastructure Bank program, State Infrastructure Bank program. Support and assist leadership as needed surrounding any Public Private Partnership initiative that will have a public contribution element.
Customer Service and Special Assignments: Proactively assist internal and external customers in identifying and resolving financial issues. Facilitate the resolution of all issues and problems, providing guidance and direction to VDOT districts and divisions. Exhibit professionalism and courtesy in all interactions with internal and external customers. Perform other administrative or special projects as assigned.
Minimum Qualifications
Ability to evaluate a variety of financial operations functions or statewide specialized programs.
Ability to analyze, interpret technical and financial data.
Knowledge of accounting principles, auditing standards, public administration and regulatory compliance.
Ability to comprehend complex financial and legal documentation and provide clear, concise written communication.
Ability to use sound techniques and financial policies in order to assist management in accessing the appropriate use of the Commonwealth's resources.
Ability to communicate clearly with senior management including the executive branch of the state government.
Ability to generate financial, technical and administrative reports or documents to include financial analyses and comparison, revenue forecasts, income statements and pro forma cash flow projections.
Skill in the use of computers and software applications to include MS Office and financial programs.
Knowledge of practices in public finance, state, federal, local financial planning and budgeting processes.
Knowledge of debt financing analyses, including debt service amortization, bond sizing, refunding, cash flow and revenue matching analyses.
Additional Considerations
Knowledge of planning, structuring, closing, and administering of bond issues.
A combination of training, experience, or education in Finance, Business Administration or related field desired.
Ability to work with confidential material.
VDOT employees serve the citizens of the Commonwealth and travelling public daily through our mission to plan, deliver, operate and maintain a transportation system that is safe, moves people and goods, enhances the economy, and improves quality of life. VDOT is the third largest state-maintained highway system in the country, maintaining over 58,000 miles of roads, bridges, and tunnels, and employing over 7700 people through a diverse workforce. Our culture includes teamwork, transparency, nimble learning, creativity and collaboration that values differences.
We are a "Virginia Values Veterans" (V3) official certified company and state agency that provides hiring preference to Veterans and Members of the Virginia National Guard in support of Executive Order 29, (2010). If you are a Veteran or Virginia National Guard Member, we urge you to respond accordingly on your state application.
The Virginia Department of Transportation (VDOT) is an Equal Opportunity Employer by both policy and practice. For more information about our employment practices, please visit "Information for VDOT Employees and Applicants": http://www.virginiadot.org/jobs/information_for_employees.asp
We have Shared Values and a Code of Ethics. Your success in our organization depends upon modelling these values, therefore visit http://www.virginiadot.org/about/missionandvalues.asp to review them and, if in agreement, we welcome you to apply.
Special Instructions
You will be provided a confirmation of receipt when your application and/or rsum is submitted successfully. Please refer to "Your Application" in your account to check the status of your application for this position.
This position requires a fingerprint based Criminal History Background Check, DMV Record Check and Work History Verification with references.
VDOT is an emergency operation agency. Positions physically working within Central Office locations may be designated upon request with coordination among the respective District Engineer or Administrator and Chief. Assignments are updated annually. Not all designated employees are provided with an emergency operations assignment.
Once onboarded, this position may be eligible for telework opportunities; availability, hours, and duration of telework shall be approved as outlined in the Commonwealth telework policy (only for eligible positions).
VDOT utilizes a market-based pay program, which has been approved by DHRM. Therefore, advertised rates of pay may or may not align with the Commonwealth pay bands.
Additional positions may be filled from this recruitment within 90 days.
Contact Information
Name: Tammy Varble
Phone: (804) 297-1568
Email: tammy.varble@vdot.virginia.gov
In support of the Commonwealth's commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.
Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.