A best-in-class city that attracts best-in-class talent, Philadelphia is an incredible place to build a career. From our thriving arts scene and rich history to our culture of passion and grit, there are countless reasons to love living and working here. With a workforce of over 30,000 people, and more than 1,000 different job categories, the City of Philadelphia offers boundless opportunities to make an impact.

As an employer, the City of Philadelphia values inclusion, integrity, innovation, empowerment, and hard work above all else. We offer a vibrant work environment, comprehensive health care and benefits, and the experience you need to grow and excel. If you’re interested in working with a passionate team of people who care about the future of Philadelphia, start here.

What we offer

• Impact - The work you do here matters to millions.
• Growth - Philadelphia is growing, why not grow with it?
• Diversity & Inclusion - Find a career in a place where everyone belongs.
• Benefits - We care about your well-being.

Agency Description

The City Treasurer’s Office (CTO) manages new and outstanding City debt in accordance with the City’s Debt Management Policies to maximize the value received from new financings and minimize interest and transaction costs. The City issues debt primarily to finance critical capital infrastructure improvements and major equipment acquisitions on behalf of each of its credits: General Obligation and Tax-Supported debt, Water and Wastewater, Philadelphia International Airport, and Philadelphia Gas Works. Related to debt issuance, CTO works to maintain and improve the City’s credit ratings. The City maintains its ‘A’ rating with all three credit rating agencies. In general, higher credit ratings result in lower borrowing costs as investors view these securities as less risky.

CTO also manages the custodial banking of all City funds by encouraging standards and practices consistent with safeguarding City funds, aims to maximize the amount of cash available for investment, and invests those funds that are in excess of the amount needed to meet daily cash requirements. CTO serves as the disbursing agent for checks and electronic payments from the City.

The Assistant City Treasurer for Debt will support the City Treasurer’s Office in managing the City’s comprehensive debt portfolio that provides capital funding for core City credit operations. CTO manages approximately $9 billion in debt across all City credits (General Fund, Airport, Water, and Gas) and approximately $300 million of derivatives and approximately $1.2 billion of credit products. The Assistant City Treasurer will report to the Deputy Treasurer for Debt Management.

The Assistant City Treasurer is responsible for assisting with the coordination of municipal debt transactions and maintenance of the City’s continuing disclosure requirements. The position works closely with various internal City departments, including the Office of the Director of Finance and the Budget Office, and external consultants, bond counsels, and financial advisors to successfully accomplish job responsibilities. Work includes coordinating bond issuance process with City advisors and evaluating financing and refunding proposals received by the City. The Assistant City Treasurer will interpret assignments, analyses, policies and procedures in order to carry out the daily business objectives of the City’s debt management functions and timely payment of debt service. Work is performed with some independence, but functions well in tandem with the position’s manager r for program effectiveness and conformance with established goals, objectives and policies.

Essential Functions

• Assist Deputy Treasurer with the maintenance of the City debt portfolio, debt payments, and evaluation of financing proposals.
• Assist Deputy Treasurer with the management and updating of internal database of outstanding debt, letters of credit and derivatives on a monthly basis and performing any analysis needed.
• Support both the preparation and execution of financing transactions through review and update of financial documents and presentations, collection of City signatures, and record management.
• Provide support for the City’s continuing disclosure requirements.
• Assist the Deputy Treasurer with the maintenance of the City’s investor site and debt sections of Treasury website.
• Prepare PowerPoint presentations for use in rating agency, investor and credit conference communications.
• Organize, track, and maintain analyses, reports, and correspondence relating to external financial advisors, counsel, and investment banks, etc.
• Performs related duties as required.

Competencies, Knowledge, Skills and Abilities

• Must possess a basic understanding of finance, which includes knowledge of time value of money and compound interest principles, as well as bond and treasury markets.
• Ability to think critically and evaluate financing proposals submitted to the City.
• Must have strong understanding of Microsoft Excel or financial spreadsheet applications. Experience with financial programs such as DBC Debt Manager is a plus.
• Must possess strong presentation skills and be able to communicate with a broad spectrum of internal and external stakeholders.

Work-Life

Working hours are generally 37.5 hours per week. Our team is currently hybrid with both virtual and in-office days, however the position can opt to come in the office each day if desired.

Bachelor's degree in Finance, Math, Economics or a similar field; or any equivalent combination of experience, education, and training.

TO APPLY: Interested candidates must submit a cover letter, references and resume.

Salary Range: $50,000 - $57,000

Did you know?

• We are a Public Service Loan Forgiveness Program qualified employer
• 25% tuition discount program for City employees (and sometimes spouses and dependents as well) in partnership with area colleges and universities
• We offer Comprehensive health coverage for employees and their eligible dependents
• Our wellness program offers eligibility into the discounted medical plan
• Employees receive paid vacation, sick leave, and holidays
• Generous retirement savings options are available

• The successful candidate must be a city of Philadelphia resident within six months of hire

Please note that effective September 1, 2021 the City of Philadelphia is requiring all new employees to present proof of vaccination against COVID-19.

The City of Philadelphia is an Equal Opportunity employer and does not permit discrimination based on race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, source of income, familial status, genetic information or domestic or sexual violence victim status. If you believe you were discriminated against, call the Philadelphia Commission on Human Relations at 215-686-4670 or send an email to faqpchr@phila.gov.

For more information, go to: Human Relations Website: http://www.phila.gov/humanrelations/Pages/default.aspx