Director of Debt Management job with University of Minnesota

Relocation possibility. Take into consideration a shift to the Twin Towns!

Posture Overview:
&#13
The College of Minnesota is the state’s land-grant university and one of the most prestigious public exploration universities in the country. We’re ranked by Forbes as just one of the 10 ideal educational companies in the nation and at this time have an remarkable leadership possibility within University Finance.

The College of Minnesota seeks a proven fiscal leader to offer strategic course, management, and operational excellence of its credit card debt management functions. The Director serves as chair of debt procedure governance within just the University and reports right to the Affiliate Vice President and Assistant CFO.

This posture is primarily based in Minneapolis, Minnesota at our Twin Towns campus, but will serve all 5 process campuses and aid the University’s vital money requires. The Director is responsible for the oversight and administration of the University’s $2 billion debt portfolio, together with planning and coordination of personal debt issuances, article-issuance compliance to keep the tax-exempt mother nature of the applicable debt, completion of reporting needs, upkeep of applicable external relationships and accountable for all aspects of the internal lending program which include progress of guidelines and techniques,  issuance of interior loans,  assortment of inner financial debt provider fees, and funding of exterior financial debt obligations. In addition, this placement will be responsible for immediate supervision of a newly-developed financial debt fiscal analyst staff placement and supply direction to employees in other spots who have overlapping obligations linked to the credit card debt portfolio.  This posture is effective closely with the institution’s best government leadership to reach the University’s cash funding and financial debt administration goals, and is regarded the University’s “professional”  in this specialized space of enterprise and finance.

Position Duties:

Plan and coordinate the issuance or refinancing of debt 

    &#13

  • Act as primary liaison with bond counsel, credit card debt advisor, credit card debt counterparties, and score businesses to coordinate the timetable & other issues all over the issuance system. 
  • &#13

  • Update College disclosure (Appendix A), read through and review the Preliminary Official Statement (POS), the Formal Statement (OS) and all bond files.
  • &#13

  • Prepare presentation and other elements for credit card debt ranking company conferences, with support from the University’s credit card debt advisor and underwriters coordinate scores shows with members & score analysts review drafts of ratings reviews prior to report issuance. 
  • &#13

  • Participate in credit card debt pricing & structuring conversations. Understand the implications of a variety of structures.
  • &#13

  • In conjunction with the University’s Place of work of the Normal Counsel and exterior get-togethers, coordinate College actions for closing on debt issuances.
  • &#13

  • Watch cash venture income flows (in conjunction with College Solutions Finance group) Request issuance of new business paper notes as wanted.
  • &#13

  • Keep money move designs for checking commercial paper exercise, such as the reissuance (“rolling”) or paydown of remarkable professional paper notes when ideal.
  • &#13

Supply leadership in the style, enhancement, and upkeep of a elaborate internal personal debt administration plan, to plan and deal with the ongoing activities associated to the University’s debt portfolio

    &#13

  • Examine, produce, style and design, apply, and assess university-huge financial debt management functions, which include the prolonged-expression cash financing and interior lending application.
  • &#13

  • Plan for the growth of the University’s inner lending plan, to optimize the University’s the latest issuance of $500 million in curiosity-only bonds
  • &#13

  • Fully grasp IRS restrictions with regards to gifting for money jobs, paying/timing needs of proceeds, and non-public use regulations do the job with the University’s Tax Administration Workplace to make certain compliance. 
  • &#13

  • Oversee Credit card debt Approach Staff (DPT) conferences approve money draws of bond proceeds for proper expense reimbursements manage expending exception summaries for every single bond collection. Coordinate with DPT participant crew customers/departments to be certain bond proceeds are invested, put in, and accounted for properly.
  • &#13

  • Get ready and submit expected yearly continuing disclosure and voluntary disclosure on EMMA, and yearly disclosure forms for Moodys and S&P Global, and react to requests for information and facts as appropriate.
  • &#13

  • Get the job done carefully with essential University units, such as Business of Tax Management, Office of Basic Counsel, Office of Investments and Banking, University Funds Workplace, Accounting Companies, and University Companies.
  • &#13

Prepare and keep documentation and oversee processes for crucial stakeholders and decision makers (ie Board of Regents)

    &#13

  • Develop  and/or sustain up-to-date Financial debt Administration Tips, Extended-phrase Capital Funding Software Recommendations, Board of Regents credit card debt policies, Personal debt Administration internet site material, Yearly Debt Administration and Funds Funding Report and  other personal debt-related guidelines/procedures, as needed.
  • &#13

  • Set agendas, put together products and existing information for the Debt Administration Advisory Committee, a committee of exterior specialists appointed by the University president to suggest on the University’s personal debt portfolio and debt management things to do.
  • &#13

Needed Qualifications (please doc on the resume):

    &#13

  • BA/BS diploma in finance, accounting, or a associated degree as well as 12 decades of related encounter this kind of as administration of an organization’s personal debt application, as a municipal personal debt underwriter(s), as a financial debt scores company analyst, or as an independent municipal credit card debt advisor.
  • &#13

  • Experience running a sizeable personal debt portfolio in a massive, sophisticated firm.
  • &#13

  • Knowledge of cash financing marketplaces, particularly the tax-exempt, municipal, and corporate bond marketplaces.
  • &#13

  • Sizeable encounter in the utilization of financial debt as a funding software for capital jobs such as:&#13
      &#13

    • The two tax-exempt and taxable debt
    • &#13

    • Fastened-charge and variable modes
    • &#13

    • Long-expression personal debt as effectively as limited-expression Business Paper
    • &#13

    • Familiarity with bond issuance processes and paperwork
    • &#13

    • Practical experience in complying with continuing disclosure necessities, ratings company disclosure submissions, IRS Personal Enterprise Use/UBIT
    • &#13

    • submissions and specifications, and so forth.
    • &#13

    • Ability to evaluate and examine refunding prospects.
    • &#13

    &#13

  • &#13

  • Collaborative performing type and ability to do the job successfully within a matrixed management business.
  • &#13

Doing the job at the College

At the University of Minnesota, you will come across a flexible perform setting and supportive colleagues who are intrigued in lifelong finding out.  We prioritize work-life stability, enabling you to commit in the future of your occupation and in your lifestyle outdoors of function.

The College also delivers a detailed advantages offer that incorporates:

    &#13

  • Competitive wages, paid out vacations, and generous time off
  • &#13

  • Constant mastering alternatives by professional schooling and diploma-trying to get systems supported by the Regents Scholarship
  • &#13

  • Low-charge healthcare, dental, and pharmacy plans
  • &#13

  • Healthcare and dependent treatment versatile spending accounts
  • &#13

  • College HSA contributions
  • &#13

  • Incapacity and employer-paid out lifetime insurance policy
  • &#13

  • Worker wellbeing software
  • &#13

  • Great retirement plans with employer contribution
  • &#13

  • Public Support Bank loan Forgiveness (PSLF) prospect
  • &#13

  • Financial counseling services 
  • &#13

  • Employee Guidance Method with 8 sessions of counseling at no value
  • &#13