• Job Description

  Req#: 4221616
  The City of Oakland is an equal opportunity employer that values workforce diversity, inclusion, and equity. Oakland has a long history of activism around issues of justice and equity. Both oppression and this resistance to oppression have shaped the city’s historical roots and the lives of its residents to this day. As public servants in one of the most diverse cities in the nation, we strive to develop employees who understand the harm and impacts of systemic inequity to create lasting, meaningful outcomes for everyone. Oakland strives to establish an environment that embraces the richness of culture, community, and individualism of employees.
  
  The Finance Department provides quality government financial services to the City of Oakland. We manage the City’s financial affairs with the highest degree of customer service, honesty, and integrity. We value teamwork, trust, accountability, and fiscal responsibility.
  
  The Treasury Bureau is one of the four bureaus within the Finance Department. Treasury is responsible for Cash and Investment Management, Debt Management for the City and Successor Agency, and administration of all City Retirement Systems. Debt management includes the issuance of new debt, maintaining and restructuring debt, and managing day to day investment portfolios. City debt issuances include general obligation debt for infrastructure and affordable housing, master lease agreements for vehicles, and pension obligation bonds. The mission of the Treasury Bureau is to promote the conditions for fiscal prosperity and stability in Oakland.
  
  The City of Oakland is currently recruiting to fill one (1) Financial Analyst (Selective Certification – Municipal Debt) vacancy within Finance’s Treasury Bureau.
  
  This position supervises and oversees Municipal Debt functions and staff; initiates and coordinates bond transactions; creates, manages, and amends City Debt and Swap Policy; evaluates fiscal and credit impacts of proposed financings by various investment banks; optimizes the City’s credit ratings; monitors bonds for refunding opportunities; maintains compliance with regulatory agencies; and reviews and performs sensitivity analysis to determine the best financing alternative for the City.
  
  We are looking for someone who is:
  

  • Experienced in municipal debt financing. You have worked in the public finance sector or in a municipal finance department, with experience specific to debt issuance and management.
  • An excellent communicator. You are a highly skilled written communicator, and able to deliver accurate, clear, and concise information.
  • An analytical and strategic thinker. You will be expected to develop and present meaningful conclusions after accessing and compiling information, facts, and data, and able to excel at problem-solving, decision-making, and developing action plans to achieve Treasury goals.
  • A skilled multi-tasker who works well under pressure. You can manage multiple priorities while meeting deadlines and have a reputation for handling stressful situations effortlessly.
  • A team player. You are a strong collaborator skilled at building meaningful connections across various departments and divisions, at all levels of the organization. In addition, you will need to display a strong commitment to working cohesively with Treasury’s high-performing team.

  What you will typically be responsible for:
  

  • Managing a debt portfolio of $1.2 billion including new issuance and refunding of outstanding debt.
  • Managing post compliance related to debt issuance, such as continuing disclosure, debt service, etc.
  • Preparing and evaluating requests for proposals and reports.
  • Participating in bond issuance transactions, from putting the finance team together to closing the transaction.
  • Evaluating the fiscal and credit impact of financings to the City proposed by various investment banks.
  • Performing sensitivity and cash flow analysis to determine the best method of financing.
  • Performing daily cash and investments portfolios daily; settle trades; and execute overnight investments.
  • Preparing annual tax levy to the County.

  Read the complete job description by clicking on the link below.
  Financial Analyst
  
  *Click on the link below to see a video on what it's like to work for the City of Oakland!
  Working for the City of Oakland
  
  A few reasons you might love this job:
  

  • You will be a part of a dynamic team environment in Treasury.
  • You will experience a sense of satisfaction of serving the City residents as a public servant.
  • You will feel rewarded by seeing projects completed with bond issuance.
  • You will have opportunities for career advancement and a chance to learn the different aspects of Treasury functions that will enhance your skills and career.

  A few challenges you might face in this job:
  

  • Understanding all the City’s debt and requirements.
  • Fast-paced environment with multiple deadlines.
  • Learning curve to organization policy and procedures.

  Competencies Required:
  Action & Results Focused (Taking Initiative): Initiating tasks and focusing on accomplishment
  Attention to Detail: Focusing on the details of work content, work steps, and final work products.
  Building & Maintaining Relationships: Establishing rapport and maintaining mutually productive relationships
  Critical Thinking: Analytically and logically evaluating information, propositions, and claims
  Handling Stress: Maintaining emotional stability and self-control under pressure, challenge, or adversity
  Innovative Problem Solving: Identifying and analyzing problems in order to propose new and better ways of doing things
  Legal & Regulatory Navigation: Understanding, interpreting, and ensuring compliance with laws and regulations
  Professional & Technical Expertise: Applying technical subject matter to the job
  Professional Integrity & Ethics: Displaying honesty, adherence to principles, and personal accountability
  Project Management: Ensuring that projects are on-time, on-budget, and achieve their objectives
  Reading Comprehension: Understanding and using written information
  Teamwork: Collaborating with others to achieve shared goals
  Using Technology: Working with electronic hardware and software applications
  Writing: Communicating effectively in writing

  This recruitment will produce two eligible lists. The restricted list will be for full-time, permanent part-time, or part-time City employees who meet the minimum qualifications. The open list will be for all other applicants who meet the minimum qualifications.

  Selective Certification (Municipal Debt)
  This recruitment is being announced in accordance with Section 5.03 of the Civil Service Rules. The eligible list generated from this announcement will only be used to fill Financial Analyst positions specialized in Municipal Debt, including full-time and permanent part-time positions, if applicable, and may be used to fill future vacancies with the same Selective Certification.
  
  Any combination of education and experience that is equivalent to the following minimum qualifications is acceptable.

  For Selectively Certified Financial Analyst (Municipal Debt) :

  Education:
  A Bachelor’s degree from an accredited college or university in business or public administration, economics, finance, accounting or closely related field. Master's degree may be substituted for one year of experience.

  Experience:
  5 years municipal debt experience with a qualified public finance institution or a finance department of a municipality, with direct responsibilities related to debt issuance and management.

  Other requirements:
  Experience using DBC Finance to conduct analytics or any other debt structuring system.
  
  Desirable Qualifications:

  • Experience in municipal finance, credit analysis, capital markets, or public policy
  • Experience with EIFD (Enhanced Infrastructure Financing District) financing

  We are recruiting at the Financial Analyst (SC-Municipal Debt) and Principal Financial Analyst (SC-Municipal Debt) levels, if you would like to be considered for both levels, you must submit separate applications for each posting.
  
  The Principal Financial Analyst (SC-Municipal Debt) posting can be found here:
  Principal Financial Analyst (SC-Municipal Debt)

  The Recruitment Process:

  
  

  The City of Oakland works with a Civil Service system. Applicants apply online, and HR staff reviews their experience, education, and training listed on the application against the “minimum qualifications” listed for each position.
  
  Candidates who demonstrate that they meet the minimum qualification requirements are then invited to participate in an assessment process (or testing) to measure their knowledge, skills, and abilities in job-related areas.
  
  

  Candidates who do not demonstrate that they meet the minimum qualification requirements will have an opportunity to request a final review. Candidates must request a final review within 5 business days of being notified that they did not meet the minimum qualifications.

  
  

  In the final review, candidates may clarify information already provided on their application. No additional work history, education, or certifications will be accepted. Any decisions made during this review process will be final.

  
  For this recruitment, all qualified applicants will be sent a writing exercise, which will then be evaluated and rated by subject matter experts. The tentative date that the writing exercise will be sent for completion is the week of November 6, 2023.
  

  
  

  For some recruitments, more than one type of assessment may be used. Depending on the number of candidates who pass the first assessment (multiple-choice test, structured interview, supplemental screening, performance exam) you may be asked to complete a secondary assessment before the recruitment is finalized. If a secondary assessment is scheduled, you will be notified by email with specific details. If a secondary assessment is not scheduled, department hiring interviews will occur during this time frame.
  
  Candidates who pass each stage in the process will be placed on an eligible list. Some candidates may receive extra points, for example, if you are a Veteran with an honorable discharge, or if you are a current City of Oakland resident. If you’re applying to a “restricted” posting and you are eligible as a current City employee, you may also receive additional points for your City service. Extra points are only applied to passing scores, so if you do not pass every element of the testing process, you cannot use extra points to pass.

  The City of Oakland reserves the right to modify the selection process and date of examination as necessary to conform to administrative or business necessity. The information contained in this announcement is subject to change and does not constitute either an expressed or implied contract.

  What’s in it for you?

  • Work/Life Balance – 37.5 hour work weeks, and a flexible/hybrid remote schedule
  • 15 paid holidays
  • Vacation: 2 weeks per year minimum with the ability to accrue more depending on public sector years of service
  • Retirement: CalPERS (California Public Employees’ Retirement System) with a pension formula of 2.5% @ 55 (for Classic CalPERS members) and 2% @ 62 for new CalPERS members. Classic Employees contribute 8% of pre-tax wages. The City of Oakland does not participate in Social Security
  • Health: The City of Oakland pays the full cost of employee and eligible dependent coverage at the Kaiser rate. Other plans include Anthem, Blue Shield, United Health Care, and other HMO and PPO plans
  • Dental: Delta Dental full premium for employees and eligible dependents
  • Vision: VSP full premium for employees and eligible dependents
  • Sick leave: Employees accrue 12 days per year
  • Deferred Compensation: 457(b) pre-tax plan and an after-tax ROTH 401(k)plan
  • Other benefits include a Flexible Spending Account, Wellness Program, Employee Assistance Program, Tuition Reimbursement, Life Insurance up to $200k & Employee Training.

  Applicants are required to submit criminal history information upon request after receiving a conditional offer of employment. If the requested information is not furnished in a timely manner, applicants will not qualify for further consideration and will be removed from the eligible list.
  
  Disaster Service Workers
  All employees are designated Disaster Service Workers through state and local law. Employees are required to complete all Disaster Service Worker-related training as assigned and to return to work as ordered in the event of an emergency.
  
  How to Apply
  Apply prior to the closing time of the job announcement and allow at least two to three hours to submit your application if you are a new user of the system. APPLICATIONS ARE ACCEPTED ONLINE ONLY. You may apply and view current openings by visiting our employment opportunities webpage at:
  http://agency.governmentjobs.com/oaklandca/default.cfm.
  
  If you do not have access to a computer, there are computer stations available at any City of Oakland Public Library. There are also workstations at the Human Resources Management Department, 150 Frank H. Ogawa Plaza, 2nd Floor, Oakland, CA 94612. Workstations are available during regular business hours (normally 9:00 a.m. to 5:00 p.m.).
  
  Our online application system is provided by NeoGov. If you have problems while applying online, please contact NeoGov's Live Applicant Support at (855) 524-5627 between 6:00 AM and 5:00 PM Pacific Time, Monday - Friday. You may also call the City of Oakland Human Resources Management Department during regular business hours at (510) 238-3112 for information; however, we are unable to provide technical support for the online application system.

• About the company

  The official website of the City of Oakland. Find out about meetings, request City services through OAK 311, or contact the Mayor and City Council.

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