Debt Administrator

The City of Saint Paul's Office of Financial Services is seeking a Debt Administrator to perform advanced professional and administrative work in the development, evaluation, and coordination of public financing alternatives. This position oversees the City's bond issuance process, administers debt budget reporting procedures, prepares the City's General Obligation Debt Statement, and ensures compliance with applicable state laws and City Charter requirements. Here’s what you can expect to do:

• Develop and maintain complex financial models for existing and proposed revenue streams, capital improvement projects, and long-term debt obligations. Prepare debt amortization schedules, debt service projections, refunding analyses, and scenario modeling to support financing decisions and long-range financial planning.
• Coordinate and manage the work of municipal advisors, underwriters, bond counsel, trustees, rating agencies, and other financing partners throughout the debt issuance process. Assist in developing annual and multi-year debt issuance calendars, determining bond sizing and structure, evaluating financing alternatives, and ensuring compliance with continuing disclosure and arbitrage reporting requirements.
• Collaborate with internal departments, external agencies, and community stakeholders to evaluate financing needs, develop funding strategies, and support delivery of major capital projects. Manage financing-related terms, timelines, and project cash flow requirements while balancing operational, legal, and fiscal considerations.
• Monitor and analyze citywide cash flow activity through review of cash statements, banking reports, and project expenditure trends. Reconcile capital project budgets against budget-to-actual financial data, forecast liquidity needs, process debt service payments, and provide operational support for treasury, cash management, and banking functions.
• Draft, coordinate, and present resolutions, ordinances, staff reports, and other legislative materials related to debt issuances, financing plans, and capital funding initiatives. Route items through the city’s legislative approval process and present recommendations to neighborhood organizations, committees, commissions, and the City Council.
• Maintain compliance with federal, state, and local debt regulations, bond covenants, and internal financial policies. Coordinate post-issuance compliance activities including continuing disclosure filings, arbitrage rebate calculations, record retention, and monitoring of bond proceeds and eligible expenditures.
• Prepare financial analyses, reports, and presentations for executive leadership, elected officials, auditors, and rating agencies. Support the development of debt management policies, capital financing strategies, and annual budget documents by providing data-driven recommendations and analysis of market conditions and debt capacity.
• For more information and essential functions, see our job description.

The ideal candidate for this position will possess the following:

• CPA or CPFO designation or master’s degree in Accounting, Finance, Business or Public Administration, Public Policy, Economics, or a closely related field.
• Previous government experience.

Our Benefits: We offer competitive wages, and a variety of excellent benefits, including health insurance, retirement contributions and paid vacation and sick time. Equity, Inclusion and Belonging: The City of Saint Paul is dedicated to dismantling systemic racial, cultural, and economic barriers that prevent people from fully enjoying and participating in our community and ensuring fairness in opportunities and outcomes for all individuals. At the City of Saint Paul, we want our workforce to reflect the diverse city that we serve. Our leaders are guided by an unapologetic equity agenda, which promotes the belief that true equity is building a city that works for all of us. We encourage you to apply as we are most interested in finding the best candidate for this job. A Bachelor's Degree in Accounting, Finance, Business Administration, Economics, or a related field. Four (4) years of experience in public or corporate finance with a least two (2) years of experience in managing debt programs. No substitution for education.

• Submit a City of Saint Paul online application by the closing date.
• Upload or submit the following required document via the online application system. (Zip files and web links will not be accepted. Each uploaded attachment is limited to 10MB.)
• A resume (required)
• A cover letter (optional)

First time applying online? Read our How to Apply Online Guide. Need technical support? For help with the online application, please call 1-855-524-5627. Open Job Posting: This posting is open to anyone who meets the position requirements. Selection Process: Applicants who meet the minimum job requirements will be placed on a hiring list for consideration. Hiring Managers may interview/hire anyone from the list. You will be notified if you are invited to participate in the final selection process which may include an interview, job simulation, work sample submission, or other evaluation method. Pre-Employment Screening: This position requires a credit check and a background check which may include criminal history, and employment history as a condition of employment. Candidates will be required to submit proof of education to Human Resources upon conditional job offer. Human Resources Contact Information: Ellen Friedman at 651-266-6533 email: [email protected] The City of Saint Paul encourages individuals to apply for positions regardless of criminal history. Veteran’s Preference: If you are a veteran and would like to receive Veteran’s preference in accordance with MN Statute 197.455, you must submit a photocopy of your DD214 preferably at time of application. Click here for more information. Equal Employment Opportunity Statement: The City of Saint Paul is an equal opportunity/affirmative action employer. Veterans, women, persons of color, members of the LGBTQIA+ community, and individuals with disabilities are strongly encouraged to apply. Apply To This Job