Deputy Director Finance

Responsibilities

• Day to day oversight responsibilities for the Manager of Finance, when the Manager is hired.
• Manage, with the Senior Director, Deputy Chief, and CFO, the modeling and incorporation of all debt service budgets for inclusion in MTA's Financial Plans.
• Oversee the maintenance of the MTA's Debt Database containing detailed information on the entire portfolio of outstanding indebtedness.
• Supervise the preparation of MTA Consolidated Financial Plans to accurately forecast debt service costs.
• Aid the Senior Director and Deputy Chief in the structuring and negotiation of all capital markets and other debt-related financial transactions, including review of all legal documents and negotiating the pricing and all other terms of each transaction.
• Work closely with the underwriting syndicate, multiple bond counsel firms, financial and swap advisory firms, and other market participants.
• Responsible for management of MTA's interest rate and fuel hedge derivative portfolios. Maintain current status of portfolio, perform analyses as needed to enable MTA to take advantage of market opportunities and ensure compliance with document requirements.
• Develop a plan of finance to address amendments, novations, and terminations as needed from time to time.
• Oversee the Manager of Finance's work with fuel hedges and derivatives.
• Review and quality control in the preparation of all financial and various required reports to state officials and internal stakeholders, etc.
• Review and vet ideas proposed by underwriters for potential implementation and determination of specific underwriter assignments.
• Work closely with MTA's Municipal Advisors in analyzing proposals.
• Propose financial strategies to achieve a cost-efficient debt portfolio using MTA's multiple credits.
• Recommend other financial strategies that support the capital program funding effort.
• Provide information for Senior Director and team as needed for information requests from rating agencies and investors, especially related to forecasted debt in Financial Plans and stated and budgeted debt service.
• Provide support as needed to support the Senior Director and Deputy Chief.
• Select, develop, and motivate personnel within the department. Provide career development for subordinates. Provide prompt and effective coaching and counseling when the Manager is hired.

Qualifications

• Must possess an in-depth understanding of bond amortization schedules and the bond issuance process.
• Must understand and actively adhere to Securities and Exchange Commission disclosure rules (15c-2-12) and activities of the Municipal Securities Rulemaking Board (MSRB).
• Must possess excellent interpersonal, organizational, presentation, planning, and decision-making skills.
• Must have exceptional verbal and written communication skills.
• Demonstrated ability to communicate and interact with elected officials and senior leadership from external organizations.
• Demonstrated analytical capabilities and quantitative skills, especially modeling in Excel and other quantitative databases.