Accounting Manager: Lead Team, GAAP & Financial Reporting

The City of Milwaukee is proud to employ a workforce dedicated to delivering exceptional service to its residents. If you have a passion for being a part of an inclusive team of public servants, please consider the following opportunity.

Purpose

The Capital Finance Manager in the Comptroller’s Office analyzes complex financial data, aids in fiscal decision-making and policy development, and manages the City’s debt portfolio.

The current salary range (Pay Range 2SX) is$125,201-$169,379 annually, and the resident incentive salary range for City of Milwaukee residents is$130,209-$176,154annually.Appointment above the minimum is possible based upon level of experience and other qualifications and is subject to approval.

The City of Milwaukee provides a comprehensive benefit program that includes the following:

• Wisconsin Retirement System (WRS) Defined Benefit Pension Plan
• Design and implement alternative financing structures that meet City, regulatory, and legal constraints.
• Manage and coordinate outside professionals in the debt issuance process.
• Prepare and assemble City debt documents.
• Explain proposed financings to the Budget Office, Common Council, Public Debt Commission, rating agencies, credit enhancers, banks, purchasers, and investors.
• Implement the borrowing portion of the City’s adopted budget by preparing, introducing, supporting, and monitoring the passage of numerous resolutions required to implement borrowing approved in the City’s annual budget.
• Carry forward unused, prior borrowing authorizations into the current year.

Public Debt Management and Planning

• Maintain a database of information on debt issued and authorized to be issued.
• Maintain the City’s post-issuance compliance with Internal Revenue Service (IRS) and U.S Securities and Exchange Commission (SEC) rules and regulations, including Continuing Disclosure requirements.
• Ensure the City complies with debt covenants.
• Prepare, maintain, and update debt-related policies.
• Remain current on changes in federal, state, IRS, SEC, and Municipal Securities Rule making Board (MSRB) laws and regulations, and their impact on debt issuance.
• Monitor outstanding debt and other financial obligations.
• Manage the Public Debt division staff to grow staff capabilities.

Data Analysis and Administration

• Conduct project research and analysis, including reviewing, analyzing, and commenting on proposed legislation.
• Analyze and assist other entities where the City’s Comptroller is a Board Member.
• Provide staff support for the Public Debt Commission.
• Prepare and review the budget for Debt Service and the Division.
• Write Requests for Proposals (RFP) to engage outside professionals, including Bond Counsel, Disclosure Counsel, Municipal Advisor, Underwriters, and Bank Lines; review responses and recommend selection.
• Adjust services and expectations with the City’s changing needs.
• Analyze and determine how Small Business Enterprise (SBE) firms can be developed into lead firms; implement the program.

• Bachelor’s degree in finance, economics, accounting, public administration, or a closely related field from an accredited college or university.
• Five years of progressively responsible, professional-level finance experience.

Desirable Qualifications

• Public finance experience.
• Completion of Series 50, Municipal Advisor Representative Exam Certification.
• Experience accompanied by the Series 7 or 53 securities license.
• Certified Public Accountant (CPA).
• Chartered Financial Analyst (CFA).

Knowledge, Skills, Abilities & Other Characterisitcs

Technical

• Knowledge of financial markets, fixed income capital markets, and publicly traded securities.
• Knowledge of federal and state municipal bond law, banking regulations, and the IRS code and regulations regarding the issuance of tax-exempt bonds (section 103 and section 148).
• Knowledge of state and local laws regarding the issuance of debt.
• Knowledge of SEC regulations and marketplace conventions.
• Knowledge of MSRB rules and regulations.
• Knowledge of banking regulations regarding corporate trust operations, the Fed wire system, and clearing of security transactions.
• Ability to understand and interpret risk/reward characteristics of debt and…