ASSISTANT MUNICIPAL FINANCE ADMINISTRATOR 9315

DISTINGUISHING FEATURES OF THE CLASS

An employee in this class assists with the oversight and coordination of Suffolk County’s short and long-term debt issuance and the development of financing strategies which provide optimal cost-effectiveness. Independent initiative and judgment are utilized in performing financial analyses and ensuring that activities are in conformance with legal parameters. The incumbent assists in handling all phases of a financing transaction, from inception to completion. Work is performed under the general direction of the Municipal Finance Administrator and is reviewed through conferences, reports and observations. Does related work as required.

TYPICAL WORK ACTIVITIES

Assists in evaluating alternate financing strategies to achieve optimal cost-effectiveness on all borrowings and refundings undertaken, utilizing analytic and quantitative analyses of methods of sale, security features, call provisions, legal ability to issue, market trends, interest rate environment, new and impending regulations, credit rating suitability, credit enhancement and federal tax implications;

Assists with the preparation of the municipal financing prospectus required for each County debt issuance, setting forth such items as the obligation, outstanding indebtedness, economic trends and financial impact, property tax information, pertinent litigation, etc.;

May participate in soliciting bids on County securities, analyzing and evaluating results, and recommending an award;

Ensures conformance with legal regulations and disclosure requirements;

Researches and evaluates opportunities for refinancing obligations;

Participates in 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;

Advises the County Treasurer’s Office, the County Executive’s Budget Office and the Legislature’s Office of Budget Review of the results and impact of each debt issue, including future debt service allocations required for capital projects, and verifying and cross-checking all legal, financial and mathematical aspects of funded projects;

Assists in maintaining a permanent inventory of all financing transactions and records.

FULL PERFORMANCE KNOWLEDGES, SKILLS, ABILITIES AND PERSONAL CHARACTERISTICS

Thorough knowledge of municipal financing procedures related to the issuance of bonds and notes; thorough 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 reports, and capital and operating budgets; 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 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 college with federal-authorized accreditation or registration by New York State with a Bachelor's Degree in Business Administration, Finance, Management or Accounting and four (4) years of current New York State county government experience with responsibility for direct participation in the comprehensive analysis, review and issuance of county short and long-term debt instruments.

PROMOTIONAL

Two (2) years of permanent competitive status as a Principal Auditor; or,

Four (4) years of permanent competitive status as a Senior Auditor.

R 05/15/13

SUFFOLK COUNTY

Competitive