The expected salary range for this role on hire is: $110,403 - $194,974
WHO WE ARE
Montgomery County is one of Maryland's outstanding places to live and work. With the largest population in Maryland at over one million residents and located near the Nation’s capital, Montgomery County is one of the most affluent jurisdictions in Maryland and the nation. Montgomery County has a strong and diverse economy, with the 4th highest concentration of biotech in the U.S., corporate headquarters to industry leaders like Novavax, Marriott, Geico, and Lockheed Martin, and home to 32 federal facilities. Demographically, Montgomery County is approximately 42.9% white; 20.1% Hispanic or Latino; 20.1% Black or African American, and 15.6% Asian. 91% of adult residents have at least a high school diploma, while 57.8% hold a bachelor's or higher degree.
Department of Finance programs include Controller operations (AP, AR, Timekeeping & Payroll, General & Grants Accounting); Fiscal Management (debt management, investing, cash management, and revenue and economic forecasting); Treasury (tax billing and collection, and cashiering); and Risk Management (self- and commercial insurance, claims administration, and safety). These programs, including department-wide experts in information technology, human resources, contracting and budgeting, are managed by a team of professionals with a depth of government experience, and with industry expertise developed while working for Fortune 500 companies, bond rating agencies, investment banking, insurance, public accounting, and financial and systems consulting.
WHO WE ARE LOOKING FOR
Montgomery County Department of Finance (Finance) is seeking an energetic and results-oriented Municipal Bonds Debt Manager with proven debt issuance and debt program management experience to lead our collaborative and committed debt management team. We are looking for an individual who possesses exceptional communication and organizational skills and the soft skills necessary to work effectively and successfully with others both internally and externally. Our managers demonstrate a high level of emotional intelligence, evidenced by skills such as teamwork, problem-solving, adaptability, time management, critical thinking, and the ability to develop and maintain positive interpersonal relationships.
This position is responsible for the effective management of Montgomery County’s debt program, which includes approximately $4 billion of general obligation and revenue bonds, commercial paper, and equipment leases. This position manages and executes the issuance of Montgomery County’s general obligation and revenue bonds; manages procurement and relationships with financial advisors; coordinates activities with the Office of the County Attorney, bond counsel, County Council staff, Office of Management and Budget, Controller’s office, lenders, underwriters and trustee(s); manages relationships and communications with rating agencies for new issues and surveillance; develops, implements and evaluates Montgomery County’s overall policies concerning the debt program; develops Montgomery County’s ~$450 million annual debt service budget and the debt management portion of the Finance budget; works with the cash management team and the Controller’s office to invest bond and commercial paper proceeds; manages the conduit bond issue program; and ensures that all pre- and post-issuance debt related activities are executed in accordance with all applicable federal, state and County laws, regulations and policies.
This position supervises staff members.
This position will:
A criminal background and credit history check will be conducted on the selected candidate prior to appointment and will be a significant factor in the hiring decision.
Experience: Seven (7) years of progressively responsible professional experience managing a large municipal debt program, three years of which were in a supervisory or executive capacity. Note: The term “executive” is further defined as a high echelon or high level position in an organization that is assigned technical research, management advisory services responsibilities, or policy-making duties and responsibilities that exerts considerable influence on organizational policy, plans, and operations through technical research, management advisory services, and/or policy-making duties and responsibilities (e.g., County positions at Grade 30 or above).
Education: Graduation from an accredited college or university with a Bachelor’s Degree.
Equivalency: An equivalent combination of education and experience may be substituted.
The applications of those individuals meeting the minimum qualifications will be reviewed to determine the extent, relevance of training, and experience in the following areas:
IMPORTANT INFORMATION
The Office of Human Resources (OHR) reviews the minimum qualifications of all applicants, irrespective of whether the candidate has previously been found to have met the minimum requirements for the job or been temporarily promoted to the same position. This evaluation is based solely on the information contained in the application/resume submitted for this specific position.
Montgomery County Government(MCG) is an equal opportunity employer, committed to workforce diversity. Accordingly, as it relates to employment opportunities, the County will provide reasonable accommodations to applicants with disabilities, in accordance with the law. Applicants requiring reasonable accommodation for any part of the application and hiring process should email OHR at Hiring@montgomerycountymd.gov. Individual determinations on requests for reasonable accommodation will be made in accordance with all applicable laws.
MCG also provides hiring preference to certain categories of veterans and veterans/persons with a disability. For more information and to claim employment preference, refer to the Careers webpage on Hiring Preference.
All applicants will respond to a series of questions related to their education, relevant experience, knowledge, skills, and abilities required to minimally perform the job. The applicant's responses in conjunction with their resume and all other information provided in the employment application process will be evaluated to determine the minimum qualifications and preferred criteria or interview preference status. Based on the results, the highest qualified applicants will be placed on an Eligible List and may be considered for an interview. Employees meeting minimum qualifications who are the same grade will be placed on the Eligible List as a "Lateral Transfer" candidate and may be considered for an interview.
This will establish an Eligible List that may be used to fill both current and future vacancies.
If selected for consideration for this position, you may be required to provide evidence that you possess the knowledge, skills, and abilities indicated on your resume.
Montgomery County Ethics Law: Except as provided by law or regulation, the County's "Public Employees" (which does not include employees of the Sheriff's office) are subject to the County's ethics law including the requirements to obtain advanced approval of any outside employment and the prohibitions on certain outside employment. The outside employment requirements of the ethics law can be found at 19A-12 of the County Code. Additional information about outside employment can be obtained from the Ethics Commission website.
Leave Benefits
Our generous leave package starts with non-MLS permanent and term employees earning 15 days of sick leave and 15 days of annual leave in their first year, as well as up to three additional personal days each calendar year. Positions in MLS earn 35 days of paid time off each year. In addition, we offer all employees 10 paid holidays. Our leave policies adhere to the Family Medical Leave Act of 1993, and we provide six weeks of paid parental leave for new parents.
Retirement Benefits
All permanent and term positions are eligible for robust retirement plans. Public safety positions are eligible for a defined benefit pension plan in which they are vested after only five years. Employees in non-public safety positions can participate in retirement plans that contribute up to 12 percent of their annual salary. All employees can also participate in a supplemental retirement plan, the 457 Deferred Compensation Plan, to contribute even more to their retirement goals.
Tuition Assistance & Student Loan Forgiveness
Montgomery County employees are eligible to participate in the Federal Public Service Loan Forgiveness Program. Participants who meet all requirements may qualify for forgiveness on the remaining balance on their Direct Loans after making 120 qualifying monthly payments under a qualifying repayment plan while working full-time in a qualifying public service position. To learn more about PSLF, please visit the Student Loan Repayment Benefits page. Our tuition assistance program allows you to receive up to $2,130 annually in tuition assistance to help you achieve a degree that supports your career path.
Free Mass Transit Benefit
County employees are entitled to use the RideOn Bus service for free with a valid County-employee ID. This benefit can be used any time of the day or evening, including weekends. We also offer a pre-tax flexible spending account to reduce the cost of other mass-transit options such as MARC trains and Metro.
Reduced Child and Health Care Costs
Working for Montgomery County also entitles permanent and term employees to participate in healthcare and childcare Flexible Spending Accounts. These plans allow eligible employees to save on a pretax basis for healthcare and dependent care costs incurred during the plan year.
Employee Wellbeing
We deeply care about your holistic wellness. Our award-winning wellness program, LiveWell, will support you in improving and maintaining your physical, mental, financial, social, and intellectual well-being.
Learn more about our wonderful benefits available to you once you join our team. Montgomery County Benefits
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