Organizational Area: Chief Financial Officer-Capital Assets, Strategies and Finance
Location: Oakland, CA
Posting Salary: Salary commensurate with education and experience.
Position Summary: Under the direction of the Associate Vice President and Systemwide Controller, the Director of Capital Markets Finance manages a team of five professionals and oversees the University's $20 billion debt portfolio and related activities. The Director provides operational management and analysis for various campus, medical center, and laboratory debt financing issues and capital projects. The team develops and implements strategies and policies to meet the University's financing needs. Advice, consultation, and assistance are provided to the University community regarding financial analysis and external financing.
The Director also manages the interaction of the University and State Treasury personnel, investment bankers, underwriters, credit enhancement providers, and rating agencies to structure and issue University-related debt and help to analyze University debt structure and capacity.
Special Conditions of Employment:
Other Special Conditions of Employment: Successful completion of a background check is required for this critical position.
Occasionally may need to work in excess of a standard work schedule.
Job Close Date:
Duty 1: - Interact with various University and State Treasury personnel, investment bankers, underwriters, credit enhancement providers, and rating agencies to structure and issue University-related debt, including P3 housing transactions. Analyze University debt structure and capacity, and consult and advise senior management on appropriate financing techniques. Stay abreast of all Federal regulations and State laws that would impact the University's existing debt or its debt capacity. - Coordinate the activities for issuance of debt with the University's bond counsel, issuer's counsel, investment bankers, State Treasurer's office, and relevant campus and University offices so that the University secures the highest possible credit rating on debt and obtains all the services necessary for the issuance of that debt. - Coordinate the financial data collection efforts of the various campuses, medical centers, and national laboratories so that the University accurately discloses its financial and operational position in preliminary official statements, official statements, annual continuing disclosures, and informational requests from credit rating agencies and regulatory authorities. - Analyze various investment issues related to the issuance of University debt working closely with The Regents' Office of the Chief Investment Officer. Function:Debt Issuance Percent: 45
Duty 2: - Work to develop financial models that enable senior management to make well-informed decisions related to debt issuance and management (examples are fixed/variable debt structures, swaps, operating a commercial paper program, etc.). - Manage financing activities of the University to minimize the cost of borrowing, achieve optimal leveraging, and allocate the best and highest use of debt capacity to support institutional priorities. Actions include: a) Identify and monitor short-term and long-term financing needs of the University to develop and maintain a financing schedule. b) Maintain and update the University's debt policy. c) Monitor conditions/developments in the capital markets. d) Identify and analyze financing options and lead the execution of transactions. e) Monitor the University's debt capacity and present updates on debt management to Senior Management, the Board of Regents, the Office of the President, campuses, medical centers, and other constituents as necessary. f) Develop policies and procedures to ensure that the University is in compliance with bond covenants and tax regulations. g) Assess the financial viability of projects to be supported by cash flows from auxiliary enterprises. - Assist with the preparation of reports and analysis for use by senior management and Board of Regents. Function:Debt Analysis, Strategy, and Reporting Percent: 40
Duty 3: - Research and understand arbitrage rebate regulations and issues. Coordinate compliance and calculation processes for all University debt issues. Maintain compliance files and oversee relationships with calculation providers. Function:Post-Issuance Compliance Percent: 10
Duty 4: - Work with the relevant systemwide offices including campuses, medical centers, national laboratories and Office of the President to ensure proper accounting for debt transactions. - Oversee payment of debt service and timely receipt of BABs subsidies. Coordinate cash needs with the cash management team in a timely manner. Function:Debt Service Percent: 5
Job Requirements BA / BS in Finance, Accounting, Economics, Business Administration, or related field and 7-10 years of progressively responsible experience providing in financial/quantitative analysis and business administration; or an equivalent combination of education and experience.
Seven to ten years of financial management experience including bonds and other external financing vehicles as well as capital planning projects. Thorough experience with budgeting.
Highly developed independent logic, quantitative and qualitative reasoning skills, including ability to review and assess a range of variables to define key issues, evaluate reasonable alternatives, and make logical recommendations and decisions. Thorough experience creating quantitative and financial models. Thorough knowledge of capital markets, and financial instruments.
Excellent management skills and ability to successfully persuade, negotiate, justify, propose, and document a variety of management issues. Strong skills to work collaboratively and act persuasively within senior levels of University administration. Active listening skills and ability to communicate in a direct and persuasive manner within the highest levels of University administration. Thorough ability to handle sensitive organizational issues with tact, diplomacy, and confidentiality.
Strong interpersonal skills to interact collaboratively and productively with diverse staff at a variety of levels in other offices and divisions and with colleagues outside the institution, and proven ability to represent division positions effectively to internal constituencies and other colleagues.
Demonstrated ability to work independently and meet project deadlines. Ability to work quickly and efficiently by prioritizing own workload in an environment of multiple projects and changing priorities.
Ability to share information clearly in both written and oral presentation. Ability to create high impact presentation materials which presents complex information and issues with brevity, clarity, and accuracy.
Excellent interpersonal skills to effectively present and communicate complex findings and recommendations both verbally and in writing.
Demonstrated advanced skills with Microsoft Excel, Microsoft PowerPoint, and Microsoft Word. Required
Master's degree and / or equivalent combination of education and experience preferred. Preferred
About us The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the corporate headquarters to the ten campuses, five medical centers and three Department of Energy National Labs and enrolls premier students from California, the nation and the world.
The University of California is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, age or protected veteran status.
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About University of California Office of the President
The Office of the President is the systemwide headquarters of the University of California, managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.