Location: OaklandFull Time Job ID: 63008 Job Posting
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UC OFFICE OF THE PRESIDENT
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Department Overview Capital Markets Finance manages the University's $30 billion debt portfolio and all related activities. The team develops and implements strategies and policies to meet the University's financing needs and works closely with the campuses and medical centers on analyses related to their capital needs.
Position Summary Under the direction of the Associate Vice President, the Director of Capital Markets Finance manages a team of professionals and oversees the University's $30 billion debt portfolio and related activities. The Director provides operational management and analysis for various campus, medical center, and laboratory debt financing issues and capital projects. Advice, consultation, and assistance are provided to the University community regarding financial analysis and external financing. The Director also manages the interaction of the University and State Treasury personnel, investment bankers, underwriters, credit enhancement providers, and rating agencies to structure and issue University-related debt and help to analyze University debt structure and capacity.
45% Under the direction of the Associate Vice President, provides management and analysis for various campus, medical center, and laboratory debt financing issues and capital projects. Debt Issuance: Interact with various University and State Treasury personnel, investment bankers, underwriters, credit enhancement providers, and rating agencies to structure and issue University-related debt, including P3 housing transactions. Analyze University debt structure and capacity and consult and advise senior management on appropriate financing techniques. Stay abreast of all Federal regulations and State laws that would impact the University's existing debt or its debt capacity. Coordinate the activities for issuance of debt with the University's bond counsel, issuer's counsel, investment bankers, State Treasurer's office, and relevant campus and University offices so that the University secures the highest possible credit rating on debt and obtains all the services necessary for the issuance of that debt. Coordinate the financial data collection efforts of the various campuses, medical centers, and national laboratories so that the University accurately discloses its financial and operational position in preliminary official statements, official statements, annual continuing disclosures, and informational requests from credit rating agencies and regulatory authorities.
40% Debt Analysis, Strategy, and Reporting: Work to develop financial models that enable senior management to make well-informed decisions related to debt issuance and management (examples are fixed/variable debt structures, swaps, operating a commercial paper program, etc.). Manage financing activities of the University to minimize the cost of borrowing, achieve optimal leveraging, and allocate the best and highest use of debt capacity to support institutional priorities.
a) Identify and monitor short-term and long-term financing needs of the University to develop and maintain a financing schedule.
b) Maintain and update the University's debt policy.
c) Monitor conditions/developments in the capital markets.
d) Identify and analyze financing options and lead the execution of transactions.
e) Monitor the University's debt capacity and present updates on debt management to Senior Management, the Board of Regents, the Office of the President, campuses, medical centers, and other constituents as necessary.
f) Develop and maintain policies and procedures to ensure that the University is in compliance with bond covenants and tax regulations.
g) Assess the financial viability of projects to be supported by cash flows from auxiliary enterprises. Assist with the preparation of reports and analysis for use by senior management and Board of Regents.
10% Post-Issuance Compliance: Coordinate compliance and calculation processes for all University debt issues. Maintain compliance files and oversee relationships with calculation providers.
5% Debt Service: Work with the relevant systemwide offices including campuses, medical centers, national laboratories, and Office of the President to ensure proper accounting for debt transactions. Oversee payment of debt service and timely receipt of BABs subsidies. Coordinate cash needs with the cash management team in a timely manner.
Experience Required Qualifications
Min 9 years 9-10 years of progressively responsible experience providing in financial/quantitative analysis and business administration; or an equivalent combination of education and experience.
Skills and Abilities Required Qualifications
Nine to ten years of financial management experience including bonds and other external financing vehicles as well as capital planning projects. Thorough experience with budgeting.
Highly developed independent logic, quantitative and qualitative reasoning skills, including ability to review and assess a range of variables to define key issues, evaluate reasonable alternatives, and make logical recommendations and decisions.
Thorough experience creating quantitative and financial models. Thorough knowledge of capital markets, and financial instruments.
Excellent management skills and ability to successfully persuade, negotiate, justify, propose, and document a variety of management issues. Strong skills to work collaboratively and act persuasively within senior levels of University administration.
Active listening skills and ability to communicate in a direct and persuasive manner within the highest levels of University administration. Thorough ability to handle sensitive organizational issues with tact, diplomacy, and confidentiality.
Strong interpersonal skills to interact collaboratively and productively with diverse staff at a variety of levels in other offices and divisions and with colleagues outside the institution, and proven ability to represent division positions effectively to internal constituencies and other colleagues.
Demonstrated ability to work independently and meet project deadlines. Ability to work quickly and efficiently by prioritizing own workload in an environment of multiple projects and changing priorities.
Ability to share information clearly in both written and oral presentation.
Ability to create high impact presentation materials which presents complex information and issues with brevity, clarity, and accuracy.
Excellent interpersonal skills to effectively present and communicate complex findings and recommendations both verbally and in writing.
Demonstrated advanced skills with Microsoft Excel, Microsoft PowerPoint, and Microsoft Word.
Education Required Qualifications
BA / BS in Finance, Accounting, Economics, Business Administration, or related field and 9-10 years of progressively responsible experience providing in financial/quantitative analysis and business administration; or an equivalent combination of education and experience.
Master's degree and / or equivalent combination of education and experience preferred.
This position has been approved for a hybrid or remote within California work arrangement. The person hired may be asked to report to work on-site at UC's Office of the President (UCOP) located in Oakland, CA two days per week, subject to change. The person hired is required to reside in the state of California. Applicants willing to relocate to California may be considered.
SALARY AND BENEFITS
Job Title Capital Markets Finance Manager 2
Job Code 006021
Salary Grade Grade 27
Payscale: $173,000 - $215,000, commensurate with experience
Full Salary Range: $129,600 - $254,400
The University of California, Office of the President, is required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience. The full salary range shows the growth potential for this position and the pay scale is the budgeted salary or hourly range that the University reasonably expects to pay for this position.
Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging
HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job is January 10, 2024. The position will be open until filled.
Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy
As a condition of employment, you will be required to comply with the University of California Policy on Vaccination Programs, as may be amended or revised from time to time. Federal, state, or local public health directives may impose additional requirements.
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy
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About University of California Office of the President
The Office of the President is the systemwide headquarters of the University of California, managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.