ODOT13-0158oc - Salem
The primary purpose of this position is to conduct research, manage and coordinate analysis for ODOT’s bonding program and related debt management activities including the Oregon Transportation Infrastructure Bank (OTIB) lending program as well as other ODOT programs.
The Senior Fiscal Analyst performs complex and sophisticated financial research and analysis related to debt management, bond issue planning and associated tax and rating agency presentations, and management of State Highway Fund cash balances; perform highly complex professional duties planning and completing studies and projects to provide solutions to involved management problems related to the issuance of public debt; research.
This position is classified at the Fiscal Analyst 3 level, however, we encourage candidates who meet the minimum qualifications of the Fiscal Analyst 2 level to apply (Salary $4159 - $5839 monthly). We may underfill the position until the selected candidate fulfills the minimum qualifications for the Fiscal Analyst 3 level. Underfill training will not exceed 2 years.
If you are hired, you will become part of the State's Management Team.
Instructions - Minimum Qualifications
To compete for this position, you must submit a Resume' and Cover Letter as described below or your application materials may be disqualified.
You must attach a resume’, which includes dates of employment. It will be used to help determine how you meet the qualifications listed below.
You must also attach a cover letter. Your cover letter must address the following questions listed below. Limit your responses to no more than two (2) pages..
1. Your experience and knowledge of financial analysis, accounting and lending principles.
2. Your experience underwriting loans extending credit to government or private entities or experience and/or knowledge in municipal bond issuance and administration.
3. Your experience in determining rates for services, cost comparisons of programs and services or the full costs of a major program/division .
4. Your experience that demonstrates your effectiveness in explaining technical budget information, both verbally and in writing. Be sure to identify your audience (i.e. members of the public, peers, managers, legislators, etc.), method of communication used and the subject matter(s) covered.
Minimum Qualifications :
Fiscal Analyst 3
Six years of progressively responsible experience that included the preparation, analysis, and administration of a budget or fiscal system. Experience must have included modeling and forecasting fiscal information.
A Bachelor’s Degree in Business, Public or Non-Profit Management, Finance, Accounting or a related degree (such as Public Policy, Political Science, Public Administration or other analytical or technical degree) may substitute for three years of the required experience.
A graduate-level degree in any of the above areas may substitute for four of the six years.
Fiscal Analyst 2 (Underfill Option)
Five years of progressively responsible experience that included the preparation, analysis, and administration of a budget or fiscal system; OR
Five years of professional-level experience in accounting, fiscal auditing, management or program analysis. Experience must have included modeling, forecasting and analyzing fiscal information; OR
Successful completion of the Department of Administrative Services Budget and Management Public Administrative Trainee program.
A Bachelor’s Degree in Business, Public or Non-Profit Management, Finance, Accounting or a related degree (such as Public Policy, Political Science, Public Administration, Economics or other analytical or technical degree) may substitute for three years of the required experience.
A graduate-level degree in any of the above areas may substitute for four of the five years.
Criminal Background and additional pre-employment check(s) as required for the position will be conducted on final candidates (could include Driver License, LEDS, and/or Education Verification).
Veteran's Points :
Honorable or General 'Character of Service' showing on a DD214 or DD215 attached to your application - 5 Points
Honorable or General 'Character of Service' showing on a DD214 or DD215 and a 'Certificate of Civil Service' preference letter attached to your application - 10 Points
For questions about the job announcement, call 503-378-6721.
For technical help with online application, call 1-877-204-4442.
Application Help: http://www.oregon.gov/ODOT/CS/HR/jobs/Application_Help.pdf
Support the program purpose and goals through the timely funding of project needs, cost reduction, preserving debt capacity, and minimizing administrative effort within complex state and federal legal frameworks.
Effectively recommend and implement bonding program operating improvements and provide advice on interest rates, program structure and risk to the Debt and Investment Manager and Chief Financial Officer (CFO) by researching and analyzing alternative structures, economic conditions and available financial tools.
Apply a wide range of research and analytic skills to the bond issuance process which includes writing, interpretation, troubleshooting, coordination, identifying issues, formulating decisions, executing solutions, and applying judgment.
Develop and maintain financial tables related to bond issues that represent debt capacity, debt services schedules, pledged revenues and various highly complex formulas that govern revenue sharing between ODOT and the local governments utilizing advanced spreadsheet and database features.
Research, analyze and make effective recommendations on federal funding issues related to bond issues including federal regulations, pledging of federal revenues, and long term impact of federal programs on bonding. Serve as a resource to other bonding staff and provide recommendations on federal funding issues.
Monitor spending of bond issue proceeds; act as key contact with ODOT's arbitrage consultant. Track the Agency's arbitrage liability and monitor and manage the expenditure of bond proceeds to ensure adherence to federal tax law.
Research, analyze, and effectively recommend steps that will minimize tax arbitrage payments and administrative effort associated with federal tax law compliance.
Monitor overall bond program compliance; develop, recommend and implement internal processes and policies to ensure compliance.
Develop and implement a coordinated approach for the accounting and financial record-keeping and monitoring of variable rate debt. Act as ODOT's subject matter expert on bond financing including fixed and variable rate debt and other financial tools such as forward rate locks, guaranteed investment contracts (GICs), commercial paper and swaps and other financial derivative instruments.
Make recommendations based on independent assessment and monitor the State Highway Fund balances; research, analyze, determine and forecast Financial Services cash balances and cash flow capacity.
Responsible for stewardship of the OTIB’s capital, development of the bank’s capital resources and transparent operations of the bank within complex state and federal legal frameworks; advise on interest rates, program liquidity and portfolio risk; monitor the loan portfolio and develop cash flow forecasts and other management tools to enable the OTIB to support transportation infrastructure development in local Oregon communities; identify issues and develop policies and improvements in the overall operations of the program. Document OTIB best practices; develop and maintain resource information consisting of detailed operating procedures to ensure the continuity of OTIB operations.
Identify and develop legislative changes for the improvement or enhancement of loan and bond programs; monitor pending legislative changes, analyze and report potential impacts to management. Develop and implement revisions of administrative rules, policies and procedures to bring program operations into compliance with legislative changes.
Electronic or Paper Application Checklist:
Veteran's Documents - If Applicable
Oregon Department of Transportation
Human Resources/Recruitment, MS12
355 Capitol St NE
Salem OR 97301-3871
Announcement information can be made available in an alternative format by calling 711 (Relay Operator for the Deaf).
ODOT does not discriminate on the basis of disability in admission or access to our programs, services, activities, hiring, and employment practices. Contact 1-877-336-6368 (1-877-EEO-ODOT) for questions regarding Equal Employment Opportunity and Affirmative Action.
The Oregon State Government is expected to continue cost reduction measures including mandatory unpaid time off (furlough days) during the 2011-2013 biennium.
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