Director of Bond Finance
- 💼
- Community Affairs, Georgia Department of - DCA
- 📅
- 6 days ago Post Date
Make a difference and join the DCA Team! DCA gives employees more to do than merely make a living. We are serious about helping Georgia's families live more abundantly with a greater sense of hope and achievement. If public service, a great environment, and the desire to enrich the lives of others motivate you to do your best work, you should consider joining the DCA Team.
OUR MISSION
To help build strong, vibrant communities.
OUR VISION
For Georgians of today and tomorrow to have the opportunity to live and work in thriving communities.
OUR CULTURE
We are a diverse team of highly competent and committed professionals who strive to help people and communities thrive through technical expertise, innovative thinking, and a passion for making a difference. Team members are at their best when collaborating and supporting each other as they perform challenging and dynamic work
General Description
The Georgia Department of Community Affairs (DCA) is a state organization dedicated to partnering with communities to help create a climate of success for Georgia's families and businesses. DCA offers a fast-paced, challenging, and dynamic environment that requires attention to detail, pride in quality of work, and the ability to work as a versatile team player.
Overview of Job:
The Bond Finance Director is a member of the senior management team in the Homeownership Division involved in the administration of the Georgia Housing and Finance Authority (GHFA) single family bond program. The position is responsible for all aspects of the GHFA’s debt issuance activities including determining the timing, amount, and method of sale, recommending the use of underwriters and underwriters’ counsel, preparing the Official Statement and coordinating the activities of the cash flow consultant and bond counsel. GHFA issues up to $250 Million of tax-exempt mortgage revenue bonds annually to finance the Georgia Dream Homeownership program. The Georgia Dream program is a first-time homebuyer program that offers competitive mortgage rates with down payment assistance to low-and moderate-income Georgians.
JOB RESPONSIBILITIES:
- Directs the GHFA MRB program and manages the relationships with external bond team members, including consultants, rating agency, bond underwriting team, and underwriter’s counsel.
- Directs the bond issuance process from deal structuring through post-closing to ensure compliance of regulatory requirements.
- Partner with homeownership leadership to maximize opportunities to enhance services and sustain the continuous funding of the Georgia Dream Program.
- Directs the mortgage rate setting process using data analysis and market trends.
- Participates as standing member of GHFA’s Investment Committee discussions to evaluate management of funds, investment policies and performance.
- Provide division leadership with relevant new or revised guidance to identify opportunities for program development pertaining to Homeownership programs including but not limited to Georgia Dream.
- Monitors economic, fiscal and legislative environments to assess impact on GHFA’s debt issuing activities and finance policy issues including, interest rate trends, and the status of proposed regulatory, statutory, and other changes related to the markets and the mortgage industry.
- Develops and maintains comprehensive data base of relevant financial and economic information.
- Provide bond training to GHFA staff.
SKILLS AND ABILITIES
- Ability to plan and prioritize own work.
- Ability to analyze facts and formulate appropriate courses of action.
- Ability to prepare comprehensive reports and summarizations.
- Ability to establish and maintain effective working relationships with various interdepartmental management and staff, external consultants, Trustees, Investment Bankers, Legal Counsel and the general public.
REQUIRED EXPERIENCE & KNOWLEDGE
- Knowledge of the principles of accounting and finance.
- Knowledge of municipal bond finance and bond issuance.
- Preference will be given to applicants who in addition to meeting the minimum qualifications possess at least one year of professional experience with issuance of municipal bonds at a Housing Finance Agency or debt issuing entity.
EDUCATION
Finance or JD degree or closely related field is required and three years of professional experience in finance related position.
Note: An equivalent combination of education and job specific experience that provided the knowledge, experience and competencies required to successfully perform the job at the level listed may be substituted on a year-over-year basis.
WORKING CONDITIONS (TRAVEL, HOURS, ENVIRONMENT)
This position is currently designated as a hybrid (part in-office and part remote/Telework) position. This position is full time (40 hours per week) and may require occasional overtime. Local periodic travel may be required.
Sedentary Work – Ability to exert 10 - 20 pounds of force occasionally, and/or negligible amount of force frequently to lift, carry, push, pull or otherwise move objects. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time.
NOTE: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, age, disability, protected veteran status, or any other characteristic protected by law. All qualified applicants will be considered but may not necessarily receive an interview. Due to the large volume of submissions received by this office, information concerning application and/or interview status cannot be provided. Selected applicants will be contacted for next steps in the interview process. Applicants who are not selected will not receive notification. This position is subject to close at any time once a satisfactory applicant pool has been identified.
DCA is an Equal Opportunity Employer. If you need an accommodation for an interview, please contact the Human Resources Office at (404) 679-4845
Hiring is contingent upon satisfactory results of employment verification, background, criminal records investigation and motor vehicle reports.
This job description does not constitute an employment agreement between the employer and the employee and is subject to change by the employer as the needs of the business and requirement of the job change. This job posting may close at any time upon gaining a sufficient applicant pool from which to select a qualified candidate.
All duties and responsibilities listed are considered to be essential job functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. Marginal functions of the position (those that are incidental to the performance of the job duties) have not been included. However, the omission of specific statements of duties does not exclude them from the position if the work is similar, related, or logical assignment to the position.