Port Authority of NY & NJ Careers

About the Role

Under the supervision of the Debt Manager, the selected candidate will be responsible for the following: administering of the Authority’s Variable Rate Master Note Program; serving as back-up for the administration and issuance of Commercial Paper; the processing of lost bonds, Security Manager for various on-line banking systems; assisting staff members with the gathering of information during the due diligence process, as well as performing other various functions in connection with issuances of Port Authority obligations; preparing various reports on a daily/weekly/monthly basis, as well as a quarterly financial report for our rating agencies; and special assignments as needed.

Responsibilities

• Administering outstanding debt obligations, including the payment of debt service and preparation of redemption notices
• Assisting in the issuance of various debt instruments
• Analyzing outstanding debt portfolio and offering recommendations for refunding opportunities
• Reviewing and administering various agreements and contracts in connection with debt issuances
• Preparing various authorization documents and associated PowerPoint presentations for executive level staff
• Assisting with the preparation of the division’s budget and associated variance analysis
• Preparing various reports and handling any special debt related projects

Minimum Qualifications

• Bachelor’s degree in finance, Business, Economics, Accounting, or another related field. In lieu of a bachelor’s degree, 3-5 years’ experience in debt management and/or treasury related functions for another municipal issuer. 
• Extensive knowledge of municipal debt products, financial modeling and present value calculations
• Specific knowledge of variable rate debt products and other debt products, as well as associated agreements and contracts
• Strong analytical, organizational, problem-solving, verbal and written communications skills
• Proficiency using Excel, PowerPoint and MS Word

Desired Qualifications

• A master’s degree in finance, Business or Accounting is preferred.
• Demonstrated knowledge of the various debt instruments utilized by the Port Authority.
• Understanding of the Port Authority’s Capital Plan and its relationship to debt issuance.
• Experience with the Port Authority’s budgeting process
• Knowledge of SAP and DBC Finance is highly desirable

Selection Process

The application process varies by position, but typically includes an initial phone interview for qualified candidates, followed by a more in-depth interview(s) and/or assessment(s). Selected candidates who are made a conditional job offer will be asked to undergo a background check.

Compensation & Benefits

The Port Authority of New York and New Jersey offers a competitive benefits package, hybrid work options for many positions, and a professional environment that supports development and recognizes achievement.

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