MUNICIPAL FINANCE ADMINISTRATOR 9314

DISTINGUISHING FEATURES OF THE CLASS

An employee in this class oversees and coordinates Suffolk County's short and long-term debt issuance and develops financing strategies, which provide optimal cost effectiveness. Independent initiative and judgment are utilized in performing financial analyses and ensuring that all activities are in conformance with legal parameters. Responsibility is included for handling all phases of a financing transaction, from inception to completion. Work is performed under the general direction of the County Comptroller and Chief Deputy County Comptroller and is reviewed through conferences, reports and observations. Does related as required.

TYPICAL WORK ACTIVITIES

Assembles, reviews and evaluates requests and estimates from all County departments for capital and cash flow needs, and recommends various financing strategies to satisfy these needs;

Prepares a municipal financing prospectus for each County debt issuance, which sets forth such items as the obligation, outstanding indebtedness, economic trends and financial impact, property tax information, pertinent litigation, etc.;

Participates in soliciting bids on County securities, analyzes and evaluates results, and recommends an award;

Ensures conformance with legal regulations and disclosure requirements;

Researches and evaluates opportunities for refinancing obligations;

Negotiates complex financing contract terms, composes Requests for Proposals for debt underwriting services,

Represents the County Comptroller at meetings with municipal bond insurance companies, bond rating agencies and the County Legislature to provide pertinent financial, statistical and economic information and explanations pertaining to the debt issuance under consideration;

Creates schedules and controls to provide for the retirements and/or renewals of maturing debt, and targets, plans, coordinates and exercises call features on designated County bonds;

Oversees the maintenance of a permanent inventory of all financing transactions and records.

FULL PERFORMANCE KNOWLEDGES, SKILLS, ABILITIES AND PERSONAL CHARACTERISTICS

Comprehensive knowledge of municipal financing procedures related to the issuance of bonds and notes; comprehensive knowledge of County, State and Federal laws, regulations and disclosure requirements for County short and long term debt instruments; thorough knowledge of the general principles of municipal finance administration; ability to perform complex financial analyses, develop alternate financing strategies and make cost effective recommendations within prescribed parameters; ability to apply financial theory and accounting principles to the review of County audited financial statements, cash flow and capital and operating budgets; ability to coordinate indebtedness transactions from inception to completion; ability to establish and maintain effective working relationships with County officials and officers of financial corporations; ability to prepare comprehensive reports and analyses; ability to supervise personnel in a manner conducive to full performance and high morale; ability to express oneself clearly and concisely, both orally and in writing; physical condition commensurate with the demands of the position.

MINIMUM QUALIFICATIONS

OPEN COMPETITIVE

Graduation from a New York State or Regionally accredited college or university with a Bachelor's Degree in Business Administration, Finance, Management or Accounting which includes or is supplemented by at least twelve (12) credits in Finance and six (6) years of current experience with a New York State County government with responsibility for direct participation in the comprehensive analysis, review and issuance of County short and long term debt instruments, three years of which has included administrative responsibility for oversight and coordination of County government bond and note financing from inception to completion.

PROMOTIONAL

Two (2) years of permanent competitive status as an Assistant Municipal Finance Administrator

R 03/09/07

SUFFOLK COUNTY

Competitive