Manager, Capital Markets (Treasury)

Washington D.C
Aug 14, 2020
Sep 20, 2020
Full Time
The Washington Metropolitan Area Transit Authority is seeking a technology savvy, experienced professional who thrives in a collaborative environment to join our Treasury team. We are seeking someone with a strong background in finance, who is driven to reduce costs and maintain fiscal responsibility. The Manager, Capital Markets will be a key member of the team to plan and coordinate Metro's debt composition, debt issuance timing and strategy. In addition, this position will be responsible for directing the Authority's cash investments within an established policy to optimize performance and liquidity. The successful candidate will have advanced Excel modeling skills, a strong understanding of capital markets and familiarity with municipal bonds.

Minimum Qualifications

  • Bachelor's degree in Finance, Economics, Accounting, Business Administration or a related field

  • A minimum of ten (10) years ' experience in a treasury or finance organization to include a minimum of 3 years of supervisory experience.

  • N/A

  • MBA in Finance, Economics, Accounting, Business Administration or a related field

Medical Group

Satisfactorily complete the medical examination for this position, if required. The incumbent must be able to perform the essential functions of this position either with or without reasonable accommodations.

Job Summary

The Manager, Capital Markets is responsible for overseeing the debt management function s within Treasury Operations which includes debt issuance, liquidity management, cash forecasting and reporting. Responsibility involves monitoring and analyzing the capital markets, working with financial advisors and financial intermediaries to implement a capital funding strategy to meet liquidity needs and keeps informed of debt management technology. The incumbent collaborates across multiple departments to determine the Authority's cash position in addition to short-term and long-term liquidity requirements. This accountability ensures excess and deficit cash positions are supported by short-term investments or borrowing; monitors and settles commodity hedges. The Manager Capital Markets is self-directed and prepares clear and meaningful analyses of the Authority's sources and use of funds.

Essential Functions
  • Assist the Director Treasury Operations with planning and coordinating all activities related to debt issuance. Meets with financial institutions to evaluate proposals and recommendations for Authority's capital structure. Lead the selection process of underwriter's participants.
  • Manages competitive bid process for short term liquidity vehicles. Performs analysis on the most cost-effective strategies for managing short term borrowing.
  • Manages the pre-issuance activities in preparation for debt issuance including working with Bond Council and preparing documents and tables needed for a tax-exempt opinion.
  • Collaborates with the Authority's capital budget team on developing long term capital funding programs and assists in the development of board presentations.
  • Manages the post issuance compliance of the Authority's long-term and short-term debt portfolios by monitoring covenants and covenant adherence procedures. Ensures i nitiation of timely transactions to fund the Authority's debt service accounts, interest expense and availability fees. Ensures compl i ance w i th tax-exempt bond compliance po l i c i es and annual reporting.
  • Provides project leadership in selecting and implementing new technologies, including the selection of debt management software, of new banking partners, investment dealers and systems. Leads the investor relations initiatives through Bondlink (financial technology company).
  • Prepares the Authority's cash flow forecast. Maintains and improves the cash flow forecast model and prepares related materials for the Board of Directors.
  • Invests the available Authority cash and generates monthly investment reports. Maintains accurate financial recording using PeopleSoft and other financial tools.
  • Performs research on commodity markets, tracks price movements in the oil and electricity markets , and maintains and i mproves financial models to analyze the pros and cons of the Authority's commodity hedging program. Provides updated reports on diesel, CNG, and electricity prices, and recommends viable hedging strategies.
  • The essential duties listed are not intended to limit specific duties and responsibilities of any particular position. Nor is it intended to limit in any way the right of managers and supervisors to assign, direct and control the work of employees under their supervision.

Evaluation Criteria

Consideration will be given to applicants whose resumes demonstrate the required education and experience. Applicants should include all relevant education and work experience.

Evaluation criteria may include one or more of the following:
  • Skills and/or behavioral assessment
  • Personal interview
  • Verification of education and experience (including certifications and licenses)
  • Criminal Background Check (a criminal conviction is not an automatic bar to employment)
  • Medical examination including a drug and alcohol screening (for safety sensitive positions)
  • Review of a current motor vehicle report


WMATA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other status protected by applicable federal law.

This posting is an announcement of a vacant position under recruitment. It is not intended to replace the official job description. Job descriptions are available upon confirmation of an interview.

upon confirmation of an interview.

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