BASIC ADMINISTRATIVE RESPONSIBILITIES

1. Participate in the development of policies in the immediate manager's organization, and interpret such policies throughout the department.

2. Develop objectives, policies and procedures for the approval of immediate manager.

3. Interpret and administer programs and procedures in accordance with approved policies.

4. Perform special assignments for immediate manager as requested.

5. Report performance to immediate manager.

6. Coordinate expense budget spending for the department to maintain performance within budget.

7. Develop a suitable successor and be responsible for training replacements at all levels within department.

OVERALL RESPONSIBILITY:

Responsible for developing and coordinating the use of private capital markets and other financial resources to support the Authority's overall capital and operating goals. Responsible for planning and implementation of debt and financing strategies, and working within Authority guidelines (legal, accounting, etc.) to administer current, ongoing and future obligations. Areas of responsibility include, but are not limited to the following: 1) Tax exempt revenue debt financing; 2) Long-term leasing; 3) Commercial bank relations; 4) Pension fund management; 5) Business and Financial Planning; 6) Project analysis.

SPECIFIC RESPONSIBILITIES:

1. Develops and coordinates the use of private capital markets to provide the Authority with the maximum reasonable level of financial resources available for the enhancement of capital asset acquisition, working capital position, and operating leverage.

2. Coordinates activities of legal counsel, financial advisors, underwriters, and Authority personnel concerning financing transactions, particularly with respect to issuance of tax-exempt public debt.

3. Directs the administration of underlying contractual obligations (debt, leasing, etc.), periodically reviewing terms and conditions for compliance, in such areas as arbitrage, reinvestment of escrowed reserves, and maintenance and insurance of equipment, etc.

4. Directs the establishment and maintenance of Authority credit, particularly which relates to rating agencies and municipal bond insurers.

5. Directs Authority interactions with investment banks, and monitors ongoing banking and brokerage relationships.

6. Participates in oversight of pension fund manager's performance and Authority policy related to pension fund management.

7. Directs the development of trust funds, reserve accounts, and other financial methods related to coverage for Authority financings.

8. Directs the provision of financial analysis to all Authority departments regarding corporate strategic planning, and major procurement decisions; including but not limited to, cost effective analyses, cost benefit analyses, lease versus buy comparisons, etc.

9. Develops and coordinates the financial perspective of the Authority position in issues related to federal tax law and financial regulations at the federal, state, and local levels.

10. Represents the Authority in industry-wide discussions related to development of policy and regulations concerning public finance, municipal bonds, and tax-exempt financing in general.

11. Participate in the development of the financing plan to support the 10 year Capital Program.

12. Undertakes Authority-wide business and financial planning.

13. Analyzes new and innovative financing options, and adapts their use, if appropriate for the Authority.

14. Perform other duties as assigned.

QUALIFICATIONS/EXPERIENCE:
• Bachelor's degree in accounting, business administration, or finance highly preferred with eight (8) years of related progressive experience in public finance, cash management and pension plan administration.

• An equivalent combination of education and experience may be considered (one (1) year of post high school education equating to two (2) years of related experience).

• MBA or CPA preferred.

• Polished oral and written communications skills required.

• Excellent computer skills required.

INSTRUCTIONS TO APPLY:
A supervisor's signature is not necessary on the S.A.M. transfer. Please attach your resume to the S.A.M. transfer application and forward to SEPTA's Recruitment Department, 1234 Market Street, Phila, Pa., 6th floor, by end of posting period. For questions about this posting, contact Jan Jaffe, x7728.