Debt Compliance Specialist

This is a full-time, hybrid academic professional position. Sponsorship for work authorization is not available.

About the role

Under administrative direction, the Debt Management Coordinator will perform senior staff duties to assist in the management of the University's post-issuance compliance program. The role is primarily responsible for ensuring the University's ongoing compliance with regulations pertaining to tax-exempt bond issuances and financing covenants of public-private partnerships. This position will also coordinate credit reviews and the review and drafting of financing agreements for both internal and external financings across the University System.

Responsibilities

• Perform and monitor compliance activities related to debt-financed facilities in accordance with University policies, IRS rules, and SEC regulations.
• Maintain compliance with various disclosure requirements as established by IRS, SEC, and other regulatory agencies, including annual continuing disclosure filings and regular compliance monitoring and reporting for SEC rule 15c2-12, such as Continuing Disclosure Agreements and other event-based disclosures.
• Manage the University's annual Private Business Use (PBU) compliance program by continually monitoring and calculating permissible private business use of facilities financed with tax-exempt debt.
• Prepare and review complex reports pertaining to bond issuances, including preliminary official statements, official statements, DBC cash flow reports, bond resolutions, tax certificates, and continuing disclosure agreements.
• Review and comment on Public-Private Partnership (P3) financing documents, including ground leases, subleases, loan agreements, and other legal and financing documents.
• Monitor and administer the University's Internal Loan Program, including compliance monitoring, reporting, and analysis to ensure adherence to University policies, loan agreements, and other contractual requirements.
• Provide critical fiscal year-end support for the external audit, preparing confirmation letters, documenting covenant compliance, and producing complex financial reports.
• Ensure compliance requirements are met by updating and maintaining internal monitoring spreadsheet tools, such as bond covenant tickler and arbitrage rebate tickler.
• Provide analytical support on credit analysis and financial modeling projects, including developing, maintaining, and documenting analytical tools and financial models using Excel spreadsheets, Access databases, and other software platforms.
• Prepare and conduct financial analyses for capital projects financed with either internal or external financing.
• Participate in bond structuring and issuance activities as part of the University's internal financing team, including interaction with members of the external financing team (e.g., attorneys, financial advisors, and investment bankers).
• Provide analysis and support for activities related to credit ratings, including the development of presentations to rating agencies.
• Review and monitor compliance with third-party financing arrangements regarding continuous budget monitoring, reconciliation, and deadlines to ensure covenants and partnership commitments are being met.
• Perform other duties appropriate for a Debt Compliance Coordinator.

Requirements

• Bachelor's degree in accounting, business management, finance, economics, or a related field.
• One year of experience performing functions in the capacity of a compliance officer, accountant, or auditor.
• Experience with Microsoft Office Suite, specifically Microsoft Excel, Word, and PowerPoint.
• Demonstrated ability to handle multiple tasks simultaneously and meet deadlines with accuracy and attention to detail.
• Excellent verbal and written communication skills to effectively interact with University and departmental officials/staff.
• Ability to function as a member of a team.
• Demonstrated ability to provide excellent customer service.
• Experience building and sustaining relationships with vendors and key service providers.

Preferred Qualifications

• Familiarity with IRS tax code.
• Demonstrated ability to develop creative solutions to analytical problems.
• Working knowledge of statistical analysis.
• Familiarity with DBC Debt Manager.

Pay

The budgeted salary range for this position is $60,000 – $75,000. Salary is competitive and commensurate with qualifications and experience, while also considering internal equity.

Benefits

• Health, dental, and vision insurance.
• Life insurance.
• Retirement plan.
• Paid time off.
• Tuition waivers for employees and dependents.